Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1315 E Elm St Springfield, MO 65802

    New
    For Sale
    $1,375,000

    Multi Family - Springfield, MO

    Lot size:
    0.40 Acres
    Days on Market:
    5
    Last Refresh:
    Dec 5 at 4:06 pm

    Property Features for 1315 E Elm St

    General Information

    Property type
    Residential Multi Family
    Standard status
    Active
    Zoning
    High Density
    APN
    881219207030
    Parking features
    Paved or Surfaced
    Interior features
    Apply To All Units, Washer/Dryer Hookup, Storage
    Appliances
    Dishwasher, Garbage Disposer, Microwave, Range, Refrigerator, Washer
    Lot size
    0.40 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Ceiling Fan(s), Central Air

    Building Details

    Year built
    1930
    Number of units
    6
    Building materials
    Brick
    Roof type
    Composition
    Architectural style
    Other

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

    Listing agent Wem Oaks (417) 883-4900 License #2016013059

    Listing date Dec 1, 2025

    MLS# 60291116 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

    Renovated Multi-Family Near MSU

    This six-unit apartment building presents a prime investment opportunity, located minutes from Missouri State University (MSU). Each unit features a three-bedroom, three-bathroom configuration, with two units on each level. Secure coded entries are located at the front and rear of the building. The property was extensively renovated in 2016, which included a new roof, windows, shutters, and fully modernized interiors with new electrical, plumbing, fixtures, insulation, cabinets, flooring (hardwood in living areas, carpet in bedrooms, tile in bathrooms), and appliances. The exterior was recently updated with new paint and a refurbished stairway in 2025. All six units have been freshly painted with updated colors. One ground-floor unit on the west side is handicapped accessible. A partial basement houses mechanicals and internet equipment. The property includes 19 rear parking spaces. Individual metering for each unit enhances tenant convenience. The property is zoned for high-density use and occupies a 0.4-acre lot. The owner has low responsibility with only trash and lawn care.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Greene
    State
    Missouri
    Longitude
    -93.273131
    Latitude
    37.205319

    Nearby Similar for Sale

    • $995,000
      5,490 SF

      Secluded Estate with Vineyard

      Move-in ready estate on 10 acres near Springfield, MO.
      6487 N Farm Road 171, Springfield, MO 65803
      View Details
    • $275,000
      1,935 SF

      Historic Route 66 Renovated Home

      Renovated home with commercial potential on Historic Route 66.
      1020 W College St, Springfield, MO 65806
      View Details
    • $699,000
      3,743 SF

      Commercial Street Lofts For Sale

      Renovated lofts on Commercial Street, licensed for short term rentals.
      311 W Commercial St, Springfield, MO 65803
      View Details
    • $1,500,000
      1.22 Acres

      Renovated Multi-Family Investment Opportunity

      Thirteen-unit apartment building fully renovated and near 100% occupancy.
      2420 E Blaine St, Springfield, MO 65803
      View Details
    • $1,500,000
      11,050 SF

      Renovated Multifamily Property in Springfield

      Recently renovated 13-unit apartment building near essential businesses.
      2420 E Blaine St, Springfield, MO 65803
      View Details
    • $699,000
      6,690 SF

      Historic Office Building in Springfield

      Converted office building in historic district, near downtown and university.
      1201 E Walnut St, Springfield, MO 65802
      View Details

    FAQs

    What type of property is this?
    Apartment building - Six-unit apartment building near MSU, renovated in 2016 and 2025.
    Where is this apartment building located?
    The property is located at 1315 E Elm St Springfield, MO.
    What is the asking price?
    The asking price for this property is $1,375,000.
    What are key features of this property?
    This property features: - Prime investment property minutes from MSU, ensuring high tenant demand.; - Six spacious 3-bedroom, 3-bathroom units, appealing to a broad tenant base.; - Extensive renovation in 2016 (roof, windows, interiors) and exterior updates in 2025, minimizing maintenance costs.
    (417) 883-4900
    Request Owner's contact information
    1315 E Elm St Springfield, MO 65802
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1315 E Elm St
    Springfield, MO 65802
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1315 E Elm St Springfield, MO 65802
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.