Four-Unit Quadplex Income
1820-1824 W Walnut Street Springfield, MO 65806
New
1820-1824 W Walnut Street, Springfield, MO, 65806
$355,000
For Sale
$355,000
MULTI_FAMILY - Springfield, MO
Property Size3,380 SF
Lot Size0.38 Acres
Price / SF$105.03
Days on Market4
Property Features for 1820-1824 W Walnut Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Zoning
- INC
- Bedrooms
- 8
- Bathrooms
- 1
- Rooms
- Bedroom 7, Bedroom 8, Bedroom 6, Bathroom 1, Bedroom 4, Bedroom 5, Bedroom 1, Bedroom 2, Bedroom 3
- Interior features
- Washer/Dryer Hookup
- Appliances
- Range, Disposal, Refrigerator
- Standard status
- Active
- APN
- 1322114003
- Lot size
- 0.38 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 2211
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air, Ceiling Fan(s)
Building Details
- Year built
- 1972
- Number of units
- 4
- Building materials
- Frame
- Roof type
- Composition
Listing agency
AMAX Real Estate
(417) 855-2333
Listed by
Jennifer Jackson
(417) 861-2279
Added: Jul 19 Updated: Jul 21 at 9:04PM Checked: Jul 22 at 9:06AM
MLS# 60329222
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 four-unit quadplex is offered for sale with 100% occupancy. Each of the four units provides the same layout, with 2 bedrooms and 1 bathroom, and 845 square feet of living space per unit. A shared common area sits between the two pairs of units and includes two concrete-mounted picnic tables.
The property is located on W Walnut Street just west of Kansas Expressway, providing easy access throughout Springfield and within minutes of Historic Downtown Springfield. Surrounding businesses include a mix of local and national uses such as Kum & Go, Walgreens, Missouri State University, and several dining and retail options.
The overall configuration supports a straightforward four-tenant setup within one income property, with shared outdoor picnic seating in the common area.
The property is located on W Walnut Street just west of Kansas Expressway, providing easy access throughout Springfield and within minutes of Historic Downtown Springfield. Surrounding businesses include a mix of local and national uses such as Kum & Go, Walgreens, Missouri State University, and several dining and retail options.
The overall configuration supports a straightforward four-tenant setup within one income property, with shared outdoor picnic seating in the common area.
Key Highlights
- 4‑unit multi‑family property (100% occupied), each unit offers 845 SF with 2 bedrooms and 1 bathroom
- Central heating and central air with ceiling fans
- Each unit includes washer/dryer hookup and appliances: range, disposal, and refrigerator
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 | $46.6k | $13.80 |
| − Vacancy | −$2.9k | −$0.85 |
| EGI | $43.8k | $12.95 |
| − OpEx | −$13.1k | −$3.88 |
| NOI | $30.6k | $9.06 |
3,380 SF · lease $13.80/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$437.7K
$383.0K – $510.6K
NOI $30,636 @ 7.0% cap · market cap 8.63%
Second Best
Apartment 5plus
$390.3K
$341.6K – $455.4K
NOI $27,324 @ 7.0% cap · market cap 7.70%
Theoretical Best
Office A
$510.2K
$446.4K – $595.2K
NOI $35,711 @ 7.0% cap · market cap 10.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four 2-bedroom, 1-bath units are currently 100% occupied, with a shared common area featuring two concrete-mounted picnic tables.
Where is this quadplex located?
The property is located at 1820-1824 W Walnut Street Springfield, MO.
What is the asking price?
The asking price for this property is $355,000.
What are key features of this property?
This property features: 4‑unit multi‑family property (100% occupied), each unit offers 845 SF with 2 bedrooms and 1 bathroom; Central heating and central air with ceiling fans; Each unit includes washer/dryer hookup and appliances: range, disposal, and refrigerator
