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    Springfield Duplex For Sale

    1603 W Thoman Street Springfield, MO 65803

    Claim this Listing
    For Sale
    $235,000

    MULTI_FAMILY - Springfield, MO

    Property size:
    1,440 SF
    Lot size:
    0.12 Acres
    Price / SF:
    $163.19/SF
    Added:
    May 14, 2026
    Days on Market:
    62
    Last Refresh:
    Jul 14 at 5:06 am

    Property Features for 1603 W Thoman Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    INC
    Standard status
    Active
    APN
    1310401032
    Size
    1,440 SF
    Lot size
    0.12 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    HAMEL'S ADD, W V LOT 100
    Tax Annual Amount
    811

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1980
    Number of units
    2
    Building materials
    Brick, Vinyl Siding
    Roof type
    Composition

    Listing agent Langston Group License #2017005672

    Listing office Murney Associates - Primrose 1625 E. Primrose, Springfield, MO

    Listing date May 14, 2026

    MLS# 60323721 Listing URL

    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.

    This is a 2-unit duplex located at 1603 W Thoman Street in Springfield, MO 65803. Constructed in 1980, the property features a total living area of approximately 1,440 square feet. Each unit is configured with 2 bedrooms and 1 bathroom, for a total of 4 bedrooms and 2 bathrooms across both units. The duplex is situated on a 5,009 square foot lot. Each unit has independent entrances. The property is offered strictly in its current as-is condition. The seller will not provide any repairs, replacements, or warranties. Prospective buyers are responsible for conducting all necessary inspections and verifying details such as square footage, mechanical systems, utilities, zoning regulations, and rental history.

    Key Highlights

    • Two separate units offer potential for rental income or multi‑generational living.
    • Total of 4 bedrooms and 2 bathrooms provide ample living space.
    • Central air conditioning and forced air heating for comfortable living.

    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 $19.9k $13.80
    − Vacancy −$1.2k −$0.85
    EGI $18.6k $12.95
    − OpEx −$5.6k −$3.88
    NOI $13.1k $9.06
    1,440 SF · lease $13.80/SF/yr · vacancy 6.17% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $186.5K
    $163.2K – $217.5K (±1% cap)
    NOI $13,052 @ 7.0% cap · market cap 5.55%
    Second Best
    Apartment 5plus
    $166.3K
    $145.5K – $194.0K (±1% cap)
    NOI $11,641 @ 7.0% cap · market cap 4.95%
    Theoretical Best
    Office A
    $217.3K
    $190.2K – $253.6K (±1% cap)
    NOI $15,214 @ 7.0% cap · market cap 6.47%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Spa & Massage Center Skin Care Clinic Parking Lot & Garage Nail Salon Gym & Fitness Center Hair Salon Accounting Firm Pharmacy

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

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    FAQs

    What type of property is this?
    Duplex - Two-unit duplex in Springfield, Missouri, offered as-is.
    Where is this duplex located?
    The property is located at 1603 W Thoman Street Springfield, MO.
    What is the asking price?
    The asking price for this property is $235,000.
    What are key features of this property?
    This property features: Two separate units offer potential for rental income or multi‑generational living.; Total of 4 bedrooms and 2 bathrooms provide ample living space.; Central air conditioning and forced air heating for comfortable living.
    Contact an agent
    (417) 280-6661
    We can help!
    Contact an agent
    Langston Group
    Real Estate License ID: 2017005672
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