Four-Duplex Multifamily
For Sale
$745,000
2118 N Jefferson Avenue, Springfield, MO 65803
Residential Income, Springfield, MO
Property Size5,760 SF
Lot Size0.78 Acres
Price / SF$129.34
Days on Market49
Property Features for 2118 N Jefferson Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
TH
Bedrooms
16
Rooms
Bedroom 1, Bedroom 16, Bedroom 12, Bedroom 11, Bedroom 14, Bedroom 10, Bedroom 9, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Bedroom 8, Bedroom 7, Bedroom 15, Bedroom 6, Bedroom 13
Subdivision
Greene-Not in List
Elementary school
SGF-Bowerman
Middle school
SGF-Reed
High school
SGF-Hillcrest
Directions
From Kearney, head south on Jefferson Ave, duplexes are on the east side of the intersection of Dale St and Jefferson Ave.
Standard status
Active
APN
1312213013
Size
5,760 SF
Lot size
0.78 Acres
Additional Details
Individually Metered Utilities
water, gas, electric
Taxes and HOA fees
Tax Year
2025
Tax Description
OZARK LAND CO 2ND ADD S 10 FT LOT 27 & ALL 28 & W 142 FT LOT S 29 & 30
Tax Annual Amount
2777
Legal Description
OZARK LAND CO 2ND ADD S 10 FT LOT 27 & ALL 28 & W 142 FT LOT S 29 & 30
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Central
Cooling system
Ceiling Fan(s), Central Air
Amenities
laundry hookups
Building Details
Year built
1987
Number of units
8
Buildings
4
Listing Agency:
Murney Associates - Primrose
(417) 823-2300
Listed By:
Roger Kure
(417) 343-0576
Added: Sep 11
Changed: Oct 25
Last Checked: Oct 29 at 12:06AM
MLS# 60333642
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.
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Investment Insights
Based on property information with market context.
This multifamily property includes four duplex buildings on a single 0.78-acre parcel, totaling 5,760 square feet. Each residence offers two bedrooms, one bathroom, laundry hookups, and the same floor plan. Kitchens include refrigerators, microwaves, ovens, and dishwashers. Central heating and cooling serve the units, with numerous newer HVAC and water heater systems in place.
The buildings feature copper water supply lines, PVC sewer lines, newer windows and siding, and brand-new roofs, fascia, soffits, and gutters. Two parking lots are positioned along the south and west sides of the property. Water, gas, and electric service are individually metered, with utility costs paid by tenants; landlord responsibilities include lawn service. The property is zoned TH and was built in 1987.
The buildings feature copper water supply lines, PVC sewer lines, newer windows and siding, and brand-new roofs, fascia, soffits, and gutters. Two parking lots are positioned along the south and west sides of the property. Water, gas, and electric service are individually metered, with utility costs paid by tenants; landlord responsibilities include lawn service. The property is zoned TH and was built in 1987.
Key Highlights
- Four duplexes situated on one 0.78‑acre parcel
- 5,760‑square‑foot multifamily property built in 1987
- Each unit includes 2 bedrooms, 1 bathroom, and laundry hookups
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,209
Cap Rate
7.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,044,180
$1.0M
Cap Rate 7%
$745,843
$745.8K
Cap Rate 9%
$580,100
$580.1K
Market Conditions
NOI Build-Up for 5,760 SF
Gross rent
$79.5K $13.80/SF
− Vacancy
−$4.9K −$0.85/SF
EGI
$74.6K $12.95/SF
− OpEx
−$22.4K −$3.88/SF
NOI
$52.2K $9.06/SF
Area
Springfield, MO
Vacancy
6.17%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,044,180
Cap Rate 7%
$745,843
Cap Rate 9%
$580,100
Alternative Uses
Best Use
Multifamily LT 5
$745.8K
$652.6K – $870.2K
NOI $52,209 @ 7.0% cap · market cap 7.01%
Second Best
Apartment 5plus
$665.2K
$582.1K – $776.1K
NOI $46,564 @ 7.0% cap · market cap 6.25%
Theoretical Best
Office A
$869.4K
$760.7K – $1.01M
NOI $60,856 @ 7.0% cap · market cap 8.17%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
8
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
595
Businesses Nearby
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Business Placement
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
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Income-producing multifamily asset with renovated building components, individual utility metering, and tenant-paid utilities.
Where is this duplex located?
The property is located at 2118 N Jefferson Avenue Springfield, MO.
What is the asking price?
The asking price for this property is $745,000.
What are key features of this property?
This property features: Four duplexes situated on one 0.78‑acre parcel; 5,760‑square‑foot multifamily property built in 1987; Each unit includes 2 bedrooms, 1 bathroom, and laundry hookups
