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    1701-1709 E Chestnut St Springfield, MO 65802

    For Sale
    $220,000

    Duplex - Springfield, MO

    Type:Duplex
    Lot size:
    0.22 Acres
    Days on Market:
    178
    Last Refresh:
    Dec 6 at 6:06 pm

    Property Features for 1701-1709 E Chestnut St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Standard status
    Active
    Zoning
    R-TH
    APN
    88-12-18-411-059
    Interior features
    Washer/Dryer Hookup
    Lot size
    0.22 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Ceiling Fan(s), Central Air, Multi Units, Window Unit(s)

    Building Details

    Year built
    1944
    Number of units
    3
    Building materials
    Brick, Vinyl Siding
    Roof type
    Composition
    Architectural style
    Other

    Murney Associates, LLC (417) 575-1205 [email protected]

    Listing agent Brea Hunter (417) 823-2300 License #2019018397

    Listing date Jun 12, 2025

    MLS# 60270753 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

    Three Bungalows Near Downtown Springfield

    This investment opportunity features three side-by-side bungalows, each with one bedroom and one bathroom, located minutes from local colleges and downtown Springfield. The properties, located at 1701, 1705 & 1709 E Chestnut St, are currently tenant-occupied and generate a combined monthly income of $1,925. At 1701, the tenant of two years pays $575 monthly. At 1705, a new lease beginning in July 2024 includes a rent increase to $600 per month. The property at 1709 has been fully remodeled with new luxury vinyl plank flooring, fresh interiors with new doors, trim, lighting, blinds, bathroom vanity, faucet, and a new window A/C unit; the tenant currently pays $725 per month plus $25/mo in pet rent. The properties are professionally managed. The lot size is 0.22 acres. The zoning is R-TH. Properties are sold AS-IS, with the seller making no repairs.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store 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
    -93.263544
    Latitude
    37.215012

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    FAQs

    What type of property is this?
    Triplex - Three tenant-occupied bungalows near colleges and downtown Springfield.
    Where is this triplex located?
    The property is located at 1701-1709 E Chestnut St Springfield, MO.
    What is the asking price?
    The asking price for this property is $220,000.
    What are key features of this property?
    This property features: - Income-generating investment: Three occupied bungalows producing a combined monthly income of $1,925.; - Prime location: Conveniently located near local colleges and Downtown Springfield.; - Professionally managed: Ensures seamless operations and hassle-free management for investors.
    (417) 823-2300
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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
    1701-1709 E Chestnut St Springfield, MO 65802
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