20-Unit Apartment
For Sale
Contact for pricing
Pending
500 West Lynn Street, Springfield, MO 65802
Two apartment properties with varied utility arrangements, replacement windows and doors, and central HVAC at the Fulbright location.
Property Size13,096 SF
Lot Size1.36 Acres
Days on Market141
Property Features for 500 West Lynn Street
General Information
Standard status
Pending
Size
13,096 SF
Lot size
1.36 Acres
Property subtype
Multifamily
Property Condition
Severity
Repairs Needed
Evidence
needs interior remodel
Additional Details
Multifamily Units
20
Listing Agency:
Murney Associates
Listed By:
Becky Supak · License #MO 1999117389
Source:
Crexi
Added: Apr 12
Changed: Aug 29
Last Checked: Aug 29 at 1:30PM
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 Murney Associates
Investment Insights
Based on property information with market context.
This 20-unit apartment portfolio consists of two property groups totaling 13,096 SF across 1.3598 acres. The Lynn and Lyon properties contain 8,296 SF on .4098 acres, while the Fulbright and Nichols properties add 4,800 SF on .95 acres. A building at 502 W. Lynn Street requires interior remodeling and is excluded from the stated rental and square footage totals.
The two W. Lynn buildings received new roofs in February 2019, and all units on W. Lynn and N. Lyon have replacement windows and doors. The Fulbright apartments feature central heat and air conditioning; units at Lynn and Lyon include some window units. Utility responsibilities vary by property, with tenants at Fulbright paying all utilities and ownership covering specified services at the Lynn and Lyon locations.
The two W. Lynn buildings received new roofs in February 2019, and all units on W. Lynn and N. Lyon have replacement windows and doors. The Fulbright apartments feature central heat and air conditioning; units at Lynn and Lyon include some window units. Utility responsibilities vary by property, with tenants at Fulbright paying all utilities and ownership covering specified services at the Lynn and Lyon locations.
Key Highlights
- 20 units across two apartment properties
- 13,096 SF on 1.3598 acres
- 8,296 SF on .4098 acres at Lynn/Lyon and 4,800 SF on .95 acres at Fulbright/Nichols
Property Analytics
Property Profile
Current Use
Lease Details
20
Residential units
Location Intelligence
Trade Area within ½ mile
1,224
Businesses Nearby
Explore this area
Business Placement
Demographics for 65802, MO
48,233
Population
20,199
Households
2.4
Avg Household Size
35
Median Age
26%
College-Educated
89%
High-School Grad
61.4 sq mi
ZIP Area
786
Density / Sq Mi
$51,080
Median Household Income
$34,298
Median Earnings
$900
Median Rent
$162,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Two apartment properties with varied utility arrangements, replacement windows and doors, and central HVAC at the Fulbright location.
Where is this apartment building located?
The property is located at 500 West Lynn Street Springfield, MO.
What are key features of this property?
This property features: 20 units across two apartment properties; 13,096 SF on 1.3598 acres; 8,296 SF on .4098 acres at Lynn/Lyon and 4,800 SF on .95 acres at Fulbright/Nichols
