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Renovated Multifamily Property in Springfield

2420 E Blaine Street, Springfield, MO 65803

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For Sale

$1,500,000

MULTI_FAMILY - Springfield, MO

Property size:

11,050 SF

Lot size:

1.22 Acres

Price / SF:

$135/SF

HighLights

13‑unit apartment building at 2420 E Blaine St, Springfield, MO 65803
Unit mix: 5 two bed/1 bath, 4 one bed/1 bath, and 4 three bed/2 bath units
Fully renovated from the studs up, construction recently finished
Central forced‑air heating and central air cooling; flat roof
Double pane vinyl windows and laminate vinyl plank flooring; smoke detectors and sprinkler system
On‑site amenities include oversized designated parking and a fully fenced pet park with wooden privacy fencing

We can help!

Contact an agent

Langston Group

For Sale

$1,500,000

MULTI_FAMILY - Springfield, MO

Property size:

11,050 SF

Lot size:

1.22 Acres

Price / SF:

$135/SF

Added:: Feb 19, 2024
Days on Market:: 859
Last Refresh:: Jun 27 at 1:06 pm

Property Features for 2420 E Blaine Street

General Information

Property type: Residential Multi Family
Property subtype: Other
Zoning: Apartments
Bedrooms: 26
Bathrooms: 1
Rooms: Bedroom 23, Bedroom 4, Bedroom 5, Bedroom 8, Bedroom 18, Bedroom 26, Bedroom 3, Bedroom 24, Bedroom 1, Bedroom 12, Bedroom 14, Bedroom 17, Bedroom 15, Bedroom 21, Bedroom 19, Bedroom 22, Bedroom 25, Bedroom 6, Bedroom 10, Bedroom 7, Bedroom 13, Bedroom 9, Bedroom 16, Bedroom 11, Bedroom 2, Bedroom 20, Bathroom 1
Interior features: Utility Room, Washer/Dryer Hookup
Appliances: Dishwasher, Dryer, Washer, Refrigerator
Standard status: Active
APN: 88-12-08-410-066
Size: 11,050 SF
Lot size: 1.22 Acres

Taxes and HOA fees

Tax Year: 2023
Tax Description: WEBSTER PARK SUB LOTS 7 THRU 10 BLK D & 17 18 & 19 BLK C
Tax Annual Amount: 13756

Utilities

Utilities: Electricity Available
Heating system: Central, Forced Air
Cooling system: Central Air

Building Details

Year built: 1952
Number of units: 13
Building materials: Aluminum Siding, Frame, Metal, Vinyl Siding, Block
Roof type: Flat

We can help!

Contact an agent

Langston Group

Listing agent Langston Group License #2017005672

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

Listing date Feb 19, 2024

MLS# 60261517 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.

HighLights

13‑unit apartment building at 2420 E Blaine St, Springfield, MO 65803
Unit mix: 5 two bed/1 bath, 4 one bed/1 bath, and 4 three bed/2 bath units
Fully renovated from the studs up, construction recently finished
Central forced‑air heating and central air cooling; flat roof
Double pane vinyl windows and laminate vinyl plank flooring; smoke detectors and sprinkler system
On‑site amenities include oversized designated parking and a fully fenced pet park with wooden privacy fencing

Overview

This 13-unit apartment building, located in Springfield, Missouri, has been fully renovated. The property consists of 5 two-bedroom, one-bathroom units; 4 one-bedroom, one-bathroom units; and 4 three-bedroom, two-bathroom units. Each unit features a spacious layout, laminate vinyl plank flooring, double-pane vinyl windows, laminate kitchen counters, an oven, a dishwasher, and a refrigerator. Some units have coin-operated washer and dryer hookups, while others have in-unit setups. The property includes a utility closet, smoke detectors, and sprinklers. An oversized designated parking area is available for residents. The property also features common areas and a fully fenced pet park with a wooden privacy fence. The building is located near essential businesses. The lot size is 1.22 acres, and the property size is 11,050 square feet. The zoning is for apartments.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$173.7k	$15.72
− Vacancy	−$11.3k	−$1.02
EGI	$162.4k	$14.70
− OpEx	−$73.1k	−$6.61
NOI	$89.3k	$8.08

11,050 SF · lease $15.72/SF/yr · vacancy 6.50% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$1.28M

$1.12M – $1.49M (±1% cap)

NOI $89,328 @ 7.0% cap · market cap 5.96%

Second Best

—

no second resolved use

Theoretical Best

Office A

$1.67M

$1.46M – $1.95M (±1% cap)

NOI $116,746 @ 7.0% cap · market cap 7.78%

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

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Location Insight

Map
Local Demand

City: Springfield
County: Greene
State: Missouri
Longitude: -93.246775
Latitude: 37.228163

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For sale
Apartment buildings
MO
Springfield
65803
2420 E Blaine Street

What type of property is this?

Apartment building - Recently renovated 13-unit apartment building in Springfield, Missouri.

Where is this apartment building located?

The property is located at 2420 E Blaine Street Springfield, MO.

What is the asking price?

The asking price for this property is $1,500,000.

What are key features of this property?

This property features: 13‑unit apartment building at 2420 E Blaine St, Springfield, MO 65803; Unit mix: 5 two bed/1 bath, 4 one bed/1 bath, and 4 three bed/2 bath units; Fully renovated from the studs up, construction recently finished

2420 E Blaine Street, Springfield, MO 65803

MULTI_FAMILY - Springfield, MO

Property Features for 2420 E Blaine Street

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Versatile Retail Building with Fireplace

Renovated Office Condo

Updated Class B Office Building

Updated Office Building Near University

Multi-Family Income Portfolio

Stand-Alone Office Building with Lobby

Retail Building with Loading Dock

Former Restaurant on Historic Walnut

Specialty Industrial Facility with Yard

Ranch Duplex with Fenced Backyards

Office/Retail Flex Building

Turnkey Automotive Business Opportunity

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