Duplex Property with Renovation
429 S Broadway Avenue Springfield, MO 65806
For Sale
$155,000
MULTI_FAMILY - Springfield, MO
Property Size1,470 SF
Lot Size0.43 Acres
Price / SF$105.44
Days on Market52
Property Features for 429 S Broadway Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
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 Agency:
Cantrell Real Estate
(417) 414-0324
Listed By:
Debbie K. Carter
(417) 389-4314
Added: Jun 9
Changed: Jul 17
Last Checked: Jul 30 at 11:06AM
MLS# 60325940
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 duplex property is offered for sale as-is and includes exterior improvements that support the next phase of work, including a new roof and 10 brand-new Andersen windows with warranty. The property is described as historic and currently positioned for the final phase of renovation.
The site is located at 429 S Broadway Avenue in Springfield, Missouri (65806) within residential zoning. The property sits on a large lot and is described as having potential for the buyer to verify options to split the lot and build an additional duplex.
With 1,470 square feet of total property size listed, the duplex configuration may offer a primary residence setup with an additional income-producing apartment as part of the renovation plan noted in the remarks. Buyer is responsible for all due diligence regarding condition and any proposed lot-splitting or new construction.
The site is located at 429 S Broadway Avenue in Springfield, Missouri (65806) within residential zoning. The property sits on a large lot and is described as having potential for the buyer to verify options to split the lot and build an additional duplex.
With 1,470 square feet of total property size listed, the duplex configuration may offer a primary residence setup with an additional income-producing apartment as part of the renovation plan noted in the remarks. Buyer is responsible for all due diligence regarding condition and any proposed lot-splitting or new construction.
Key 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
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 |
1,470 SF · lease $13.80/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$190.3K
$166.6K – $222.1K
NOI $13,324 @ 7.0% cap · market cap 8.60%
Second Best
Apartment 5plus
$169.8K
$148.5K – $198.1K
NOI $11,883 @ 7.0% cap · market cap 7.67%
Theoretical Best
Office A
$221.9K
$194.1K – $258.9K
NOI $15,531 @ 7.0% cap · market cap 10.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Duplex sold as-is with a new roof and 10 brand-new Andersen windows, plus room for further renovation.
Where is this duplex located?
The property is located at 429 S Broadway Avenue Springfield, MO.
What is the asking price?
The asking price for this property is $155,000.
What are key features of this property?
This property features: 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
