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    1032-1038 Commercial St Springfield, MO 65803

    For Sale
    $350,000

    MULTI_FAMILY - Springfield, MO

    Property size:
    1,498 SF
    Lot size:
    0.17 Acres
    Days on Market:
    76
    Last Refresh:
    Dec 13 at 4:06 pm

    Property Features for 1032-1038 Commercial St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    INC
    Rooms
    Bedroom 5, Bedroom 3, Bedroom 7, Bedroom 6, Bedroom 4, Bedroom 2, Bedroom 1
    Bedrooms
    7
    APN
    1312404038
    Size
    1,498 SF
    Lot size
    0.17 Acres

    Utilities

    Sewer type
    Public Sewer
    Cooling system
    Central Air

    Building Details

    Year built
    1886
    Number of units
    5

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

    Listing agent Adam Graddy (417) 501-5091

    Listing date Sep 29, 2025

    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 Multifamily Investment Opportunity

    This multifamily property in Springfield, Missouri, consists of a triplex and a duplex. The property includes three units with one bedroom and one bathroom each, and two units with two bedrooms and one bathroom each. The total building size is 1498 square feet, situated on a lot of 0.17 acres. The property is zoned INC. The combined units generate a total monthly rental income of $3,395.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Greene
    State
    Missouri
    Longitude
    -93.303194
    Latitude
    37.228

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    FAQs

    What type of property is this?
    Multifamily property - Triplex and duplex generating $3,395 monthly rent in Springfield.
    Where is this multifamily property located?
    The property is located at 1032-1038 Commercial St Springfield, MO.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: - Generates $3,395 in monthly rental income.; - Features a mix of unit sizes: **(3) 1 bed/1 bath and (2) 2 bed/1 bath.**; - Includes central air conditioning.
    (417) 501-5091
    Request Owner's contact information
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    Springfield, MO 65803
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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

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    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
    1032-1038 Commercial St Springfield, MO 65803
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