Search
Duplex with Loft Area
For Sale
$95,000

2040 N Prospect Avenue, Springfield, MO 65803

Residential Income, Springfield, MO

Property SizeContact for details
Lot Size0.16 Acres
Days on Market178

Property Features for 2040 N Prospect Avenue

General Information

Property type Residential Multi Family
Property subtype Duplex
Zoning INC
Bedrooms 1
Bathrooms 1
Full bathrooms 1
Rooms Bathroom 1, Bedroom 1
Interior features Washer/Dryer Hookup
Subdivision Hobart's
View City
Elementary school SGF-Boyd
Middle school SGF-Reed
High school SGF-Hillcrest
Directions From Kearney & Glenstone, go W on Kearney to Prospect, go S on Prospect, house on the left. Sign in yard.
Standard status Active
APN 1207211005
Lot size 0.16 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description HOBART'S 4TH ADD LOTS 41 & 42 BLK 7
Tax Annual Amount 656
Legal Description HOBART'S 4TH ADD LOTS 41 & 42 BLK 7

Utilities

Sewer type Public Sewer
Heating system Central
Cooling system Central Air, Wall Unit(s)

Building Details

Year built 1904
Number of units 2
Building materials Vinyl Siding
Roof type Asphalt
Listing Agency: Valiant Group Real Estate
Listed By: Amber Jones
Added: Apr 10 Changed: Sep 28 Last Checked: Oct 4 at 8:06PM
MLS# 60320426

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 two-unit duplex includes a one-bedroom, one-bath residence with an additional loft area and a separate studio with one bath. Both units are described as needing work, providing a renovation-oriented configuration for an investor seeking residential income property. Interior features include washer/dryer hookups, while central heating, central air, and wall-unit cooling are present. The building has vinyl siding, an asphalt roof, and was constructed in 1904.

The property occupies 0.16 acres at 2040 N Prospect Avenue in Springfield, Missouri. It is served by public sewer and carries INC zoning. The unit mix, existing mechanical systems, and separate living areas provide a defined starting point for future improvements.

Key Highlights

  • Two‑unit duplex with one‑bedroom and studio layouts
  • One‑bedroom, one‑bath unit includes a bonus loft area
  • Separate studio unit with one bath

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence
Open Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Nail Salon Electrical Service Dental Office Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

557
Businesses Nearby

Demographics for 65803, MO

42,007
Population
19,659
Households
2.1
Avg Household Size
38
Median Age
22%
College-Educated
91%
High-School Grad
93.4 sq mi
ZIP Area
450
Density / Sq Mi
$46,539
Median Household Income
$33,537
Median Earnings
$890
Median Rent
$158,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Duplex - Two-unit residential property with a one-bedroom layout, studio unit, and washer/dryer hookups.
Where is this duplex located?
The property is located at 2040 N Prospect Avenue Springfield, MO.
What is the asking price?
The asking price for this property is $95,000.
What are key features of this property?
This property features: Two‑unit duplex with one‑bedroom and studio layouts; One‑bedroom, one‑bath unit includes a bonus loft area; Separate studio unit with one bath
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message
Why this one?
Saved
Reason not saved — we won't ask again