Springfield Triplex For
1026-1028 Commercial Springfield, MO 65803
1026-1028 Commercial, Springfield, MO, 65803
$200,000
For Sale
$200,000
MULTI_FAMILY - Springfield, MO
Property Size1,498 SF
Lot Size0.17 Acres
Price / SF$133.51
Days on Market73
Property Features for 1026-1028 Commercial
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Zoning
- INC
- Standard status
- Active
- APN
- 881312404013
- Size
- 1,498 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- See remarks.
- Tax Annual Amount
- 1158
Utilities
- Sewer type
- Public Sewer
- Cooling system
- Window Unit(s)
Building Details
- Year built
- 1886
- Number of units
- 3
Listing agency
Keller Williams
(417) 883-4900
Listed by
Adam Graddy · License #2004014961
(417) 501-5091
Added: May 11 Updated: Jul 17 at 11:13PM Checked: Jul 21 at 11:06PM
MLS# 60323213
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 triplex in Springfield, Missouri, generates $2,185 in monthly rent. The property includes three units, each featuring one bedroom and one bathroom. The building has a total area of 1,498 square feet and is situated on a 0.17-acre lot. The zoning is INC. The property is located in Greene County.
Key Highlights
- Triplex generating $2,185 in monthly rent
- 3 units total, each with 1 bed and 1 bathroom
- Year built: 1886
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 | $20.7k | $13.80 |
| − Vacancy | −$1.3k | −$0.85 |
| EGI | $19.4k | $12.95 |
| − OpEx | −$5.8k | −$3.88 |
| NOI | $13.6k | $9.06 |
1,498 SF · lease $13.80/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$194.0K
$169.7K – $226.3K
NOI $13,578 @ 7.0% cap · market cap 6.79%
Second Best
Apartment 5plus
$173.0K
$151.4K – $201.8K
NOI $12,110 @ 7.0% cap · market cap 6.06%
Theoretical Best
Office A
$226.1K
$197.8K – $263.8K
NOI $15,827 @ 7.0% cap · market cap 7.91%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Triplex - Triplex generating $2,185 monthly rent in Springfield, Missouri.
Where is this triplex located?
The property is located at 1026-1028 Commercial Springfield, MO.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Triplex generating $2,185 in monthly rent; 3 units total, each with 1 bed and 1 bathroom; Year built: 1886
