Springfield Multifamily Investment
2206 & 2210 E Macs Court, Springfield, MO 65804
Sixteen-unit apartment complex in desirable Springfield location.
Type:Multifamily
Property size:
16,416 SFPrice / SF:
$115/SF- Added:
- Feb 13, 2026
- Days on Market:
- 93
- Last Refresh:
- Mar 17 at 1:16 pm
Property Features for 2206 & 2210 E Macs Court
General Information
- Standard status
- Active
- Size
- 16,416 SF
- Property subtype
- Multifamily
Listing agent Lee Mclean III, SIOR, CCIM License #MO 2002005214
Listing office SVN | Rankin Company, LLC
Listing date Feb 13, 2026
Source Crexi
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 SVN | Rankin Company, LLC
HighLights
- Excellent Southeast Springfield location near James River Freeway and South Glenstone.
- High accessibility to retail, restaurants, employment centers, and main thoroughfares.
- Located within one of Springfield's most desirable areas to live.
- Value‑add opportunity through improved leasing due to current 81.25% occupancy.
- Proximity to notable organizations and landmarks such as Walmart, Andy's Frozen Custard, and Battlefield Mall.
- 16‑unit apartment complex consisting of two buildings on one parcel.
Overview
This apartment complex in Springfield, Missouri, features two buildings on a single parcel, comprising a total of 16 units. The property is situated in a desirable Southeast Springfield location, near James River Freeway and South Glenstone, offering convenient access to numerous retail and restaurant options. The apartments are positioned within one of Springfield's most sought-after residential areas. The property's location provides accessibility to retail centers, food services, employment hubs, and main thoroughfares. Nearby landmarks and organizations include Walmart Supercenter, Andy's Frozen Custard, Chick-fil-A, Sequiota Park, Quarry Town, Primrose Marketplace, Target, Mid-Missouri Bank, and Battlefield Mall. The property is also near Galloway Street, Glenstone Avenue, Battlefield Road, and US Highway 60. The current occupancy rate is 81.25%, presenting an opportunity to increase value through improved leasing strategies. The property is suitable for residential income and multifamily use.
Financial Insights
Value Estimation Calculated for Apartment 5plus
Conservative
$1.47M
NOI $132,707 @ 9.00% cap · cautious / downside scenario
Moderate
$1.90M
NOI $132,707 @ 7.00% cap · market / base-case scenario
Aggressive
$2.65M
NOI $132,707 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Apartment 5plus
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $258.1k | $15.72 |
| − Vacancy | −$16.8k | −$1.02 |
| EGI | $241.3k | $14.70 |
| − OpEx | −$108.6k | −$6.61 |
| NOI | $132.7k | $8.08 |
16,416 SF · lease $15.72/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Use Scenarios
Best Use
Apartment 5plus
$1.90M
$1.66M – $2.21M
NOI $132,707 @ 7.0% cap · market cap 6.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.48M
$2.17M – $2.89M
NOI $173,440 @ 7.0% cap · market cap 9.13%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Springfield
- County
- Greene
- State
- Missouri
- Longitude
- -93.2540368
- Latitude
- 37.1469557
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Sixteen-unit apartment complex in desirable Springfield location.
Where is this apartment building located?
The property is located at 2206 & 2210 E Macs Court Springfield, MO.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Excellent Southeast Springfield location near James River Freeway and South Glenstone.; High accessibility to retail, restaurants, employment centers, and main thoroughfares.; Located within one of Springfield's most desirable areas to live.
