1202 Grant Ave, Springfield, MO 65802
This Springfield, Missouri duplex presents a compelling investment opportunity with a strong 9.59% capitalization rate. The property, located at 1202 N Grant Ave, in Greene County, boasts 1,112 square feet and comprises two units, each currently occupied, generating a substantial net operating income (NOI) of $16,212. The asking price is $169,000, translating to $151.98 per square foot and $84,500 per unit. Completely renovated in 2022, this stabilized investment offers immediate cash flow with minimal vacancy risk. The property's excellent location in Springfield, Missouri, combined with its high occupancy rate and strong NOI, makes it an attractive option for investors seeking a reliable and profitable addition to their portfolio. Detailed financial information is available upon request. Please respect tenant privacy and do not disturb.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.