2-Unit
New
For Sale
$254,900
Springfield, MO 65807, Springfield, MO 65807
Residential Income, Springfield, MO
Property Size1,841 SF
Lot Size0.22 Acres
Price / SF$138.46
Days on Market1
Property Features
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
INC
Bedrooms
4
Rooms
Bedroom 4, Bedroom 3, Bedroom 2, Bedroom 1
Appliances
Range, Dishwasher, Refrigerator, Microwave
View
City
Elementary school
SGF-Sunshine
Middle school
SGF-Jarrett
High school
SGF-Parkview
Subdivision
Wedgewood
Standard status
Active
Size
1,841 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
1188
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1954
Number of units
2
Building materials
Stone, Vinyl Siding
Roof type
Composition
Listing Agency:
Murney Associates - Primrose
(417) 823-2300
Listed By:
Langston Group · License #2017005672
(417) 280-6661
Added: Oct 17
Last Checked: Oct 17 at 3:06AM
MLS# 60336546
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.
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Investment Insights
Based on property information with market context.
This 1,841-square-foot duplex on a 0.22-acre parcel contains two units: one with three bedrooms and two bathrooms, and another with one bedroom and one bathroom. Built in 1954, the property has central heating and air conditioning, a composition roof, stone and vinyl siding, and public sewer. Appliances include a range, dishwasher, refrigerator, and microwave. The zoning designation is INC.
The property is in Springfield, with Bass Pro Shops described as just around the corner. Shopping, dining, entertainment, and major thoroughfares are also noted as minutes away.
The property is in Springfield, with Bass Pro Shops described as just around the corner. Shopping, dining, entertainment, and major thoroughfares are also noted as minutes away.
Key Highlights
- Two units: one with 3 bedrooms and 2 bathrooms; one with 1 bedroom and 1 bathroom
- 1,841 square feet on a 0.22‑acre parcel
- Built in 1954; zoning designation INC
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,687
Cap Rate
6.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$333,740
$333.7K
Cap Rate 7%
$238,386
$238.4K
Cap Rate 9%
$185,411
$185.4K
Market Conditions
NOI Build-Up for 1,841 SF
Gross rent
$25.4K $13.80/SF
− Vacancy
−$1.6K −$0.85/SF
EGI
$23.8K $12.95/SF
− OpEx
−$7.2K −$3.88/SF
NOI
$16.7K $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%
$333,740
Cap Rate 7%
$238,386
Cap Rate 9%
$185,411
Alternative Uses
Best Use
Multifamily LT 5
$238.4K
$208.6K – $278.1K
NOI $16,687 @ 7.0% cap · market cap 6.55%
Second Best
Apartment 5plus
$212.6K
$186.0K – $248.1K
NOI $14,883 @ 7.0% cap · market cap 5.84%
Theoretical Best
Office A
$277.9K
$243.1K – $324.2K
NOI $19,451 @ 7.0% cap · market cap 7.63%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
507
Businesses Nearby
Explore this area
Business Placement
Demographics for 65807, MO
55,168
Population
28,546
Households
1.9
Avg Household Size
36
Median Age
33%
College-Educated
94%
High-School Grad
21.0 sq mi
ZIP Area
2,627
Density / Sq Mi
$50,271
Median Household Income
$33,510
Median Earnings
$994
Median Rent
$174,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two residences provide a three-bedroom layout alongside a separate one-bedroom unit.
Where is this duplex located?
The property is located at Springfield, MO.
What is the asking price?
The asking price for this property is $254,900.
What are key features of this property?
This property features: Two units: one with 3 bedrooms and 2 bathrooms; one with 1 bedroom and 1 bathroom; 1,841 square feet on a 0.22‑acre parcel; Built in 1954; zoning designation INC
