429 S Broadway Avenue, Springfield, MO 65806
MULTI_FAMILY - Springfield, MO
- Added:
- Jun 9, 2026
- Days on Market:
- 6
- Last Refresh:
- Jun 14 at 8:06 am
Property Features for 429 S Broadway Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Residential
- Standard status
- Active
- APN
- 1323220020
- Size
- 1,470 SF
- Lot size
- 0.43 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- Fulbrights Ruth Add S 98.25 Ft N 123.25 Ft E 193.18 Ft Lot 1 8
- Tax Annual Amount
- 695
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Cooling system
- Window Unit(s)
Building Details
- Year built
- 1916
- Number of units
- 2
Listing agent Debbie K. Carter (417) 389-4314
Listing office Cantrell Real Estate 4136 South McCann Court, Springfield, MO (417) 414-0324
Listing date Jun 9, 2026
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
- Investor special sold as‑is with multiple income opportunities
- Potential to split the large lot and build an additional duplex (buyer to verify)
- New roof plus 10 brand‑new Andersen windows with warranty
- Historic property built in 1916
- Utilities include public sewer; heating is forced air and cooling is window unit(s)
Overview
The property sits on a large lot totaling 0.43 acres at 429 S Broadway Avenue in Springfield, Missouri (Greene County). The listing also notes the buyer should verify feasibility of splitting the lot and building an additional duplex, which could be relevant to buyers evaluating long-term use of the site.
For investors and owner-occupants, this duplex may fit buyers looking to finish a renovation plan while retaining an income-producing unit in the same building. Because the sale is as-is and the additional development concept requires buyer verification, prospective purchasers should plan for their own due diligence regarding condition, scope of remaining renovation, and lot-splitting/build-out potential consistent with the property’s Residential zoning.
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 | $20.3k | $13.80 |
| − Vacancy | −$1.3k | −$0.85 |
| EGI | $19.0k | $12.95 |
| − OpEx | −$5.7k | −$3.88 |
| NOI | $13.3k | $9.06 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Springfield
- County
- Greene
- State
- Missouri
- Longitude
- -93.303833
- Latitude
- 37.206303
