Two-Duplex Residential Income
1820-1824 W Walnut Street Springfield Springfield, MO 65806
1820-1824 W Walnut Street Springfield, Springfield, MO, 65806
$370,000
For Sale
$370,000
Two well-maintained duplexes on one lot, fully leased through July 2026 for immediate occupancy.
Property Size3,380 SF
Price / SF$109.47
Days on Market19
Property Features for 1820-1824 W Walnut Street Springfield
General Information
- Standard status
- Active
- Size
- 3,380 SF
Building Details
- Year Built
- 1972
Listing Agency
RE/MAX SHOWTIME
(417) 294-1629
Listed by
Jon Holloway
(417) 294-1629
Source
Jonholloway.showtimeproperties
Added: Jun 30 Checked: Jul 17 at 2:56 am
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
Investment Insights
Based on property information with market context.
This property consists of two well-maintained duplexes located on one parcel, offering a total of multiple residential units under a single ownership. The units are described as having practical layouts and comfortable living spaces, with the property reported as fully leased through July 2026.
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.
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.
Key Highlights
- Two duplexes on one property at 1820‑1824 W Walnut in Springfield
- Fully leased through July 2026
- Total building area: 3,380
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 8.28%
Second Best
Apartment 5plus
$390.3K
$341.6K – $455.4K
NOI $27,324 @ 7.0% cap · market cap 7.38%
Theoretical Best
Office A
$510.2K
$446.4K – $595.2K
NOI $35,711 @ 7.0% cap · market cap 9.65%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two well-maintained duplexes on one lot, fully leased through July 2026 for immediate occupancy.
Where is this duplex located?
The property is located at 1820-1824 W Walnut Street Springfield Springfield, MO.
What is the asking price?
The asking price for this property is $370,000.
What are key features of this property?
This property features: Two duplexes on one property at 1820‑1824 W Walnut in Springfield; Fully leased through July 2026; Total building area: 3,380
