1820-1824 W Walnut Street Springfield, Springfield, MO 65806
Two well-maintained duplexes on one lot, fully leased through July 2026 for immediate occupancy.
- Added:
- Jun 30, 2026
- Days on Market:
- 8
- Last Refresh:
- Jul 1 at 6:30 am
Property Features for 1820-1824 W Walnut Street Springfield
General Information
- Standard status
- Active
- Size
- 3,380 SF
Building Details
- Year Built
- 1972
Listing office RE/MAX SHOWTIME (417) 294-1629
Listing date Jun 30, 2026
Source Jonholloway.showtimeproperties
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX SHOWTIME
HighLights
- Two duplexes on one property at 1820‑1824 W Walnut in Springfield
- Fully leased through July 2026
- Total building area: 3,380
- Lot size: 0.19 acres
- Parking for 6‑10 spaces with a dedicated parking area
- Lot features include sidewalks and a level site
Overview
Situated in the heart of Springfield, 1820-1824 W Walnut Street provides convenient access to everyday needs. The offering notes proximity to shopping and dining, as well as schools and major thoroughfares, supporting straightforward day-to-day commuting and resident convenience.
For buyers seeking a turn-key residential income asset, this configuration provides the operational simplicity of managing two duplex buildings in one location, with tenant occupancy already in place through the stated lease term. It is also a fit for investors or owner-operators looking for a multi-unit setup where leasing is current, limiting near-term downtime while tenants remain in position through July 2026.
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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Springfield
- County
- Greene
- State
- Missouri
- Longitude
- -93.316576
- Latitude
- 37.2071411
