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Apartment Building with Public Sewer
For Sale
$2,104,900

503 S New Avenue, Springfield, MO 65806

MULTI_FAMILY - Springfield, MO

Property SizeContact for details
Lot Size0.18 Acres
Days on Market254

Property Features for 503 S New Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Zoning INC
Bedrooms 47
Rooms Bedroom 1, Bedroom 9, Bedroom 15, Bedroom 34, Bedroom 37, Bedroom 21, Bedroom 19, Bedroom 2, Bedroom 39, Bedroom 36, Bedroom 5, Bedroom 17, Bedroom 27, Bedroom 42, Bedroom 44, Bedroom 12, Bedroom 14, Bedroom 11, Bedroom 3, Bedroom 18, Bedroom 13, Bedroom 41, Bedroom 22, Bedroom 23, Bedroom 35, Bedroom 32, Bedroom 16, Bedroom 7, Bedroom 10, Bedroom 30, Bedroom 31, Bedroom 25, Bedroom 38, Bedroom 4, Bedroom 46, Bedroom 26, Bedroom 45, Bedroom 24, Bedroom 29, Bedroom 33, Bedroom 43, Bedroom 20, Bedroom 28, Bedroom 6, Bedroom 40, Bedroom 47, Bedroom 8
Subdivision David L & John L Fulbright
Elementary school SGF-McGregor
Middle school SGF-Westport
High school SGF-Parkview
Directions This is a package listing.
Standard status Active
APN 1323219001
Lot size 0.18 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description DAVID L & JOHN L FULBRIGHT ADDITION N 50 FT E 160 FT LOT J9
Tax Annual Amount 711
Legal Description DAVID L & JOHN L FULBRIGHT ADDITION N 50 FT E 160 FT LOT J9

Utilities

Sewer type Public Sewer

Building Details

Year built 1906
Number of units 20
Listing Agency: Valiant Group Real Estate
Listed By: Amber Jones
Added: Dec 11, 2025 Changed: Aug 5 Last Checked: Aug 22 at 4:06AM
MLS# 60311603

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 apartment building at 503 S New Avenue in Springfield, MO 65806 was built in 1906. The property is situated on a 0.18-acre lot and is served by public sewer. The room list includes bedrooms 1 through 47, indicating a multi-bedroom configuration.

The property is zoned INC. It is presented as part of a broader set of listed houses, each with its own address, within the same parent listing.

For buyers evaluating residential income options, this asset’s combination of older construction and public sewer service supports a straightforward due-diligence review of layout, bedroom count, and building systems tied to the 1906 vintage.

Key Highlights

  • 503 S New Avenue, Springfield, MO 65806
  • 0.18‑acre lot
  • Zoned INC

Property Analytics

Current Use

Big Feat Development Marketing & Advertising

Suggested Use

Top Pick Dental Office Grocery & Convenience Store Locksmith Catering Service (Bike/Boat/Book/etc) Store Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

732
Businesses Nearby

Demographics for 65806, MO

12,529
Population
8,049
Households
1.6
Avg Household Size
27
Median Age
22%
College-Educated
87%
High-School Grad
2.1 sq mi
ZIP Area
5,966
Density / Sq Mi
$28,450
Median Household Income
$21,090
Median Earnings
$840
Median Rent
$85,700
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

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

What type of property is this?
Apartment building - Zoned INC and served by public sewer, this apartment building was built in 1906.
Where is this apartment building located?
The property is located at 503 S New Avenue Springfield, MO.
What is the asking price?
The asking price for this property is $2,104,900.
What are key features of this property?
This property features: 503 S New Avenue, Springfield, MO 65806; 0.18‑acre lot; Zoned INC
More about this property
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