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    Turnkey Investment Property Package Title is generated by Realmo AI

    217 S Pickwick Avenue, Springfield, MO 65802

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    Claim this Listing
    For Sale
    $1,103,000

    MULTI_FAMILY - Springfield, MO

    Property size:
    6,198 SF
    Lot size:
    0.86 Acres
    Price / SF:
    $177/SF
    Added:
    Nov 12, 2025
    Days on Market:
    232
    Last Refresh:
    Jul 2 at 11:06 pm

    Property Features for 217 S Pickwick Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    INC
    Bedrooms
    13
    Rooms
    Bedroom 1, Bedroom 11, Bedroom 10, Bedroom 9, Bedroom 6, Bedroom 4, Bedroom 7, Bedroom 12, Bedroom 2, Bedroom 5, Bedroom 8, Bedroom 3, Bedroom 13
    Interior features
    Apply To All Units, Washer/Dryer Hookup
    Appliances
    Range, Refrigerator
    Standard status
    Active
    APN
    1219107020
    Size
    6,198 SF
    Lot size
    0.86 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    FRISCO HGTS ADD N 66 FT LOT 12 BLK 1
    Tax Annual Amount
    616

    Utilities

    Utilities
    Natural Gas Available
    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1934
    Number of units
    7

    We can help!

    Contact an agent
    Grega Real Estate Group

    Listing agent Grega Real Estate Group License #2019028847

    Listing office Murney Associates - Primrose 1625 E. Primrose, Springfield, MO

    Listing date Nov 12, 2025

    MLS# 60309700 Listing URL

    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.

    HighLights

    • Rental package on 0.86 acres at the intersection of Pickwick and McDaniel: five single‑family homes and one duplex
    • Location within 1.5 miles of MSU, Drury, Evangel, and Ozarks Technical College
    • One block from Historic Route 66 and within walking distance of the Pickwick and Cherry corridor
    • Oversized two‑car garage behind 1441 E McDaniel with alley access, used for on‑site storage/warehouse operations
    • Year built: 1934; central heating and central air
    • Washer/dryer hookups in all units; appliances include range and refrigerator; natural gas available and public sewer

    Overview

    This turnkey rental property package features five single-family homes and one duplex, situated on 0.86 acres at the intersection of Pickwick and McDaniel in Springfield, Missouri. The properties are located within 1.5 miles of Missouri State University (MSU), Drury University, Evangel University, and Ozarks Technical College, and are one block from Historic Route 66, within walking distance of the Pickwick and Cherry corridor. This location attracts tenants seeking proximity to universities, downtown amenities, and sports venues. The properties are professionally managed and well-maintained. A two-car garage with alley access behind 1441 East McDaniel serves as a warehouse for on-site storage and property operations. This collection of properties offers attractive qualities with cash flow potential. The zoning is INC. The combined properties offer 6198 square feet of living space.

    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 $85.5k $13.80
    − Vacancy −$5.3k −$0.85
    EGI $80.3k $12.95
    − OpEx −$24.1k −$3.88
    NOI $56.2k $9.06
    6,198 SF · lease $13.80/SF/yr · vacancy 6.17% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $802.6K
    $702.2K – $936.3K (±1% cap)
    NOI $56,179 @ 7.0% cap · market cap 5.09%
    Second Best
    Apartment 5plus
    $715.8K
    $626.3K – $835.1K (±1% cap)
    NOI $50,105 @ 7.0% cap · market cap 4.54%
    Theoretical Best
    Office A
    $935.5K
    $818.6K – $1.09M (±1% cap)
    NOI $65,484 @ 7.0% cap · market cap 5.94%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Dental Office Barber Shop Tech Support Center Cosmetic Store (Bike/Boat/Book/etc) Store Skin Care Clinic Restaurant Coworking & Hybrid Office Restaurant Supermarket

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Greene
    State
    Missouri
    Longitude
    -93.269136
    Latitude
    37.208794

    FAQs

    What type of property is this?
    Single family property - Six residential properties near universities and downtown Springfield, Missouri.
    Where is this single family property located?
    The property is located at 217 S Pickwick Avenue Springfield, MO.
    What is the asking price?
    The asking price for this property is $1,103,000.
    What are key features of this property?
    This property features: Rental package on 0.86 acres at the intersection of Pickwick and McDaniel: five single‑family homes and one duplex; Location within 1.5 miles of MSU, Drury, Evangel, and Ozarks Technical College; One block from Historic Route 66 and within walking distance of the Pickwick and Cherry corridor
    More about this property
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