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    1021 S Lexington Ave Springfield, MO 65802

    For Sale
    $740,000

    Duplex - Springfield, MO

    Type:Duplex
    Lot size:
    0.69 Acres
    Days on Market:
    30
    Last Refresh:
    Dec 6 at 12:06 pm

    Property Features for 1021 S Lexington Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Standard status
    Active
    Zoning
    INC
    APN
    881327102015
    Parking features
    Paved or Surfaced
    Lot size
    0.69 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1981
    Number of units
    8
    Building materials
    Brick
    Roof type
    Composition
    Architectural style
    Other

    Greater Springfield Realty, LLC (Keller Williams) (417) 883-4900 [email protected]

    Listing agent Adam Graddy (417) 883-4900 License #2004014961

    Listing date Nov 7, 2025

    MLS# 60309347 Listing URL

    Copyright © 2025 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.

    Overview

    Springfield Duplex Investment Opportunity

    This investment opportunity features four all-brick duplexes, totaling eight units, situated on a single 0.69-acre parcel. Each unit is approximately 800 square feet and includes 2 bedrooms and 1 bathroom. All eight units are currently occupied, generating a total monthly rent of $6,225, with market rent potential of approximately $6,800 per month. The buildings have low-maintenance brick exteriors and offer paved, off-street parking for tenants. Located in a high-demand Springfield location, the property is just minutes from nearby shopping and dining, with quick access to Hwy 13. This location offers strong tenant appeal and excellent occupancy history. Investors will appreciate the consistent cash flow, rental upside, and the ease of managing all units on one parcel. The properties are located at 1021, 1027, 1033, and 1039 S Lexington Avenue, Springfield, MO 65802.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Greene
    State
    Missouri
    Longitude
    -93.31405
    Latitude
    37.196181

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    FAQs

    What type of property is this?
    Duplex - Four duplexes, eight units, generating consistent cash flow.
    Where is this duplex located?
    The property is located at 1021 S Lexington Ave Springfield, MO.
    What is the asking price?
    The asking price for this property is $740,000.
    What are key features of this property?
    This property features: - Four all-brick duplexes (eight units total) on a single 0.69-acre parcel, simplifying management.; - Currently generating $6,225/month in rent with potential to increase to $6,800/month.; - All units are currently occupied, demonstrating strong tenant appeal.
    (417) 883-4900
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    Springfield, MO 65802
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1021 S Lexington Ave Springfield, MO 65802
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