Two-Unit
For Sale
$200,000
Springfield, MO 65802, Springfield, MO 65802
Residential Income, Springfield, MO
Property Size1,780 SF
Lot Size0.18 Acres
Price / SF$112.36
Days on Market11
Property Features
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Multi-family
Bedrooms
4
Bathrooms
1
Full bathrooms
1
Rooms
Bedroom 4, Bedroom 3, Bedroom 2, Bathroom 1, Bedroom 1
Interior features
Apply To All Units, Washer/Dryer Hookup
Appliances
Range
Elementary school
SGF-Weaver
Middle school
SGF-Pipkin
High school
Central
Subdivision
Thomas & Frazees
Standard status
Active
Size
1,780 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
993
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1977
Number of units
2
Building materials
Vinyl Siding
Roof type
Composition
Listing Agency:
Home Sweet Home Realty & Associates, LLC
(417) 221-6466
Listed By:
Bryant Frizzell
(417) 880-9275
Added: Oct 1
Changed: Oct 8
Last Checked: Oct 11 at 6:06PM
MLS# 60335337
Copyright © 2026 Southern Missouri Regional MLS, LLC (SOMO). All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This Springfield duplex contains two residences, each with two bedrooms and one bathroom. The building offers 1,780 square feet on a 0.18-acre lot and was constructed in 1977. Both units have washer and dryer hookups; central heating and central air serve the property. A range is included, with vinyl siding and a composition roof. Water is available, and the property connects to public sewer. Zoning is designated multi-family.
One unit is tenant-occupied, and the other is vacant. The property is in Springfield, Missouri, in ZIP code 65802.
One unit is tenant-occupied, and the other is vacant. The property is in Springfield, Missouri, in ZIP code 65802.
Key Highlights
- Two residences, each with 2 bedrooms and 1 bathroom
- 1,780‑square‑foot duplex on a 0.18‑acre lot
- One unit is tenant‑occupied; the second is vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,134
Cap Rate
8.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$322,680
$322.7K
Cap Rate 7%
$230,486
$230.5K
Cap Rate 9%
$179,267
$179.3K
Market Conditions
NOI Build-Up for 1,780 SF
Gross rent
$24.6K $13.80/SF
− Vacancy
−$1.5K −$0.85/SF
EGI
$23.0K $12.95/SF
− OpEx
−$6.9K −$3.88/SF
NOI
$16.1K $9.06/SF
Area
Springfield, MO
Vacancy
6.17%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$322,680
Cap Rate 7%
$230,486
Cap Rate 9%
$179,267
Alternative Uses
Best Use
Multifamily LT 5
$230.5K
$201.7K – $268.9K
NOI $16,134 @ 7.0% cap · market cap 8.07%
Second Best
Apartment 5plus
$205.6K
$179.9K – $239.8K
NOI $14,390 @ 7.0% cap · market cap 7.20%
Theoretical Best
Office A
$268.7K
$235.1K – $313.4K
NOI $18,806 @ 7.0% cap · market cap 9.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
369
Businesses Nearby
Explore this area
Business Placement
Demographics for 65802, MO
48,233
Population
20,199
Households
2.4
Avg Household Size
35
Median Age
26%
College-Educated
89%
High-School Grad
61.4 sq mi
ZIP Area
786
Density / Sq Mi
$51,080
Median Household Income
$34,298
Median Earnings
$900
Median Rent
$162,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - One dwelling is occupied by a tenant, while the other is vacant and available for a new occupant.
Where is this duplex located?
The property is located at Springfield, MO.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 bathroom; 1,780‑square‑foot duplex on a 0.18‑acre lot; One unit is tenant‑occupied; the second is vacant
