1026-1028 Commercial Springfield, MO 65803
MULTI_FAMILY - Springfield, MO
- Added:
- May 11, 2026
- Days on Market:
- 65
- Last Refresh:
- Jul 14 at 3:06 am
Property Features for 1026-1028 Commercial
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- INC
- Standard status
- Active
- APN
- 881312404013
- Size
- 1,498 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- See remarks.
- Tax Annual Amount
- 1158
Utilities
- Sewer type
- Public Sewer
- Cooling system
- Window Unit(s)
Building Details
- Year built
- 1886
- Number of units
- 3
Listing agent Adam Graddy License #2004014961 (417) 501-5091
Listing office Keller Williams 1619 E. Independence St., Springfield, MO (417) 883-4900
Listing date May 11, 2026
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.
Key Highlights
- Triplex property.
- Generates $2,185 in monthly rent.
- Three 1 bed/1 bath units.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $20.7k | $13.80 |
| − Vacancy | −$1.3k | −$0.85 |
| EGI | $19.4k | $12.95 |
| − OpEx | −$5.8k | −$3.88 |
| NOI | $13.6k | $9.06 |
