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31285752
31285736

1234 S Choctaw Rd, Republic, MO 65738

SVN | Rankin Company, LLC
Listed by SVN | Rankin Company, LLC
$23,000,000
71 days on market
Updated 71 days ago

1234 S Choctaw Rd

Details
Property Type Multifamily
Sub Type Single Family Rental Portfolio
Units 94
Cap Rate 5.50%
NOI $1,258,886
Occupancy 93.6%
Price per SqFt $184

Multifamily | 94 Units | $244,681/unit

Marketing description

SVN is pleased to offer this 94 Unit Single-Family & Duplex Rental Portfolio for sale in Republic, MO, offered at $23,000,000. The properties include a mix of units ranging from 3-4 bedrooms, 2-2.5 bathrooms, and 1- 3-car garages. The portfolio known as the Westbury Gardens, offers users the luxury of quality at a reasonable price. The properties have many amenities ranging from superior construction components to premium interior and exterior design. This portfolio offers investors peace of mind, as immediate repairs and major capital expenditures are unlikely due to the properties being new construction. The properties are currently leased with 93.6% occupancy. Efficient management will be optimized with all contiguous units within the same development. An investor will also have flexibility in disposition due to all units, including duplex patio homes, having individual legal descriptions for ease of future sale options.

Please contact listing agent for financial information.

Republic, Missouri is a suburb of Springfield and continues to distinguish itself as one of the fastest-growing cities in Southwest Missouri. Based on the 2020 U.S. Census, Republic’s population reached 18,750, reflecting robust regional expansion. From 2010 to 2020, Republic significantly outpaced surrounding markets in population growth — increasing 27%, compared with 6% in Springfield and 8.6% in Greene County over the same period. Republic’s recent residential and population growth has supported a wave of new national retail and restaurant brands, enhancing local amenities:

Springfield, Missouri – A Growing Hub of Opportunity As the economic and cultural center of southwest Missouri, Springfield anchors a thriving five-county metropolitan area that continues to attract business investment, talent, and innovation. With a population nearing 500,000 residents, the Springfield MSA has experienced consistent growth over the past decade, fueled by a strong healthcare network, a diverse mix of industries, and a cost of living more than 10% below the national average. Republic, MO is one of the vital suburbs of Springfield's overarching success.

Known as the “Queen City of the Ozarks,” Springfield offers a dynamic balance of business accessibility and exceptional quality of life. The region is home to major employers such as CoxHealth, Mercy, Bass Pro Shops, O’Reilly Auto Parts, and Missouri State University, creating a stable economic foundation supported by a skilled workforce of more than 250,000 individuals.

With its strategic location along Interstate 44 and direct access to major markets like St. Louis, Kansas City, and Tulsa, Springfield serves as a vital logistics and service corridor for the region. The city’s pro-business environment, competitive wage structure, and growing innovation ecosystem make it an attractive market for expansion, entrepreneurship, and real estate investment.

Investment highlights

  • Sale Price: $23,000,000
  • Cap Rate: 5.5% (2025 YE)
  • Price/Door: $244,680
  • Current Occupancy: 93.6%
  • Unit type: Duplexes & Single-Family
  • #Units: 94
  • Duplex units: 64 (All duplex units developed with individual legal description for each unit)
  • Single-Family Units: 30
  • Price/SF: $184.39
  • Bedrooms/Unit: 3-4
  • Bathrooms/Unit: 2-2.5
  • Garages/Unit: 1-3

Listing Contacts

SVN | Rankin Company, LLC
Listed by SVN | Rankin Company, LLC

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$1,258,886.00
$104,907.17/mo

Valuation Metrics

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DSCR
5.47%
Cap Rate
5.47%
ROI

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