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13-Unit Renovated Apartment Building
For Sale
$1,500,000

2420 E Blaine Street, Springfield, MO 65803

Commercial Sale, Springfield, MO

Property SizeContact for details
Lot Size1.22 Acres
Days on Market915

Property Features for 2420 E Blaine Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning Apartments
Bathrooms 18
Full bathrooms 18
Rooms Bathroom 13, Bathroom 1, Bathroom 17, Bathroom 5, Bathroom 12, Bathroom 3, Bathroom 4, Bathroom 7, Bathroom 6, Bathroom 14, Bathroom 15, Bathroom 16, Bathroom 10, Bathroom 11, Bathroom 8, Bathroom 18, Bathroom 9, Bathroom 2
Fencing Privacy
Subdivision Webster Park
Lot features Level
View City
Directions Head North on Glenstone Ave, Turn East on E Blaine, Property will be on your right.
Standard status Active
APN 88-12-08-410-066
Lot size 1.22 Acres

Taxes and HOA fees

Tax Year 2023
Tax Description WEBSTER PARK SUB LOTS 7 THRU 10 BLK D & 17 18 & 19 BLK C
Tax Annual Amount 13756
Legal Description WEBSTER PARK SUB LOTS 7 THRU 10 BLK D & 17 18 & 19 BLK C

Utilities

Utilities Water Available
Heating system Electric (Heating), Forced Air
Cooling system Electric, Central Air

Amenities

Laminate Vinyl Plank Flooring
Double Pane Vinyl Windows
Oversized Designated Parking Area
Laminate Kitchen Counters
Oven, Dishwasher, and Refrigerator provided
Utility Closet
Some Units Coin Operated W&D, Some in Unit
Smoke Detector
Spacious Layout
Common Areas Available
Fully Fenced Pet Park On-Site (Wooden Privacy Fenced)

Building Details

Year built 1952
Number of units 13
Roof type Flat
Listing Agency: Murney Associates - Primrose
Listed By: Langston Group · License #2017005672
Added: Feb 19, 2024 Changed: Aug 19 Last Checked: Aug 22 at 4:06AM
MLS# 60261518

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 13-unit apartment property occupies 1.22 acres at 2420 E Blaine Street in Springfield, Missouri. The building underwent a full renovation from the studs, with recently completed construction and a unit mix comprising five two-bedroom/one-bath apartments, four one-bedroom/one-bath apartments, and four three-bedroom/two-bath apartments. Interior features include laminate vinyl plank flooring, double-pane vinyl windows, laminate kitchen counters, and kitchens supplied with ovens, dishwashers, and refrigerators.

Residents have access to a designated parking area, common areas, and a fully fenced pet park with a wooden privacy fence. Laundry arrangements vary by unit, with some apartments offering in-unit washer and dryer access and others using coin-operated equipment. The property has electric forced-air heating, central air conditioning, smoke detectors, sprinklers, a flat roof, and a privacy fence. It is zoned Apartments and was originally built in 1952.

Key Highlights

  • 13‑unit apartment building on 1.22 acres
  • Unit mix includes five 2‑bedroom, four 1‑bedroom, and four 3‑bedroom apartments
  • Full renovation from the studs with recently completed construction

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Dental Office Real Estate Agency Nail Salon Pharmacy Grocery & Convenience Store (Bike/Boat/Book/etc) Store

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

13
Residential units
Yes
Sprinkler system

Location Intelligence

Trade Area within ½ mile

179
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

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Apartment property with designated parking, a fenced pet area, and kitchens equipped with major appliances.
Where is this apartment building located?
The property is located at 2420 E Blaine Street Springfield, MO.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 13‑unit apartment building on 1.22 acres; Unit mix includes five 2‑bedroom, four 1‑bedroom, and four 3‑bedroom apartments; Full renovation from the studs with recently completed construction
More about this property
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