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Brick Duplex Income Property

518 & 520 E Jewett Place Springfield, MO 65807

518 & 520 E Jewett Place, Springfield, MO, 65807
$318,600
Pending
For Sale
Claim this Listing
$318,600
Pending

MULTI_FAMILY - Springfield, MO

Property Size2,342 SF
Lot Size0.28 Acres
AddedJul 8
Days on Market8
Last RefreshJul 15 at 5:06 pm

Property Features for 518 & 520 E Jewett Place

General Information

Property type
Residential Multi Family
Property subtype
Other
Zoning
res
Bedrooms
4
Rooms
Bedroom 2, Bedroom 3, Bedroom 1, Bedroom 4
Interior features
Fireplace, Washer/Dryer Hookup, Utility Room
Exterior features
Balcony
Fireplace
1
Appliances
Range, Disposal, Dishwasher, Refrigerator
Standard status
Pending
APN
1812201010
Size
2,342 SF
Lot size
0.28 Acres

Taxes and HOA fees

Tax Year
2025
Tax Description
ARROWHEAD ESTS LOT 26
Tax Annual Amount
1867

Utilities

Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Central, Forced Air
Cooling system
Ceiling Fan(s), Central Air

Building Details

Year built
1985
Number of units
2
Building materials
Brick
Roof type
Composition, Shingle

Listing agent Jeffrey R Frye License #1999055407

Listing office Jim Hutcheson, REALTORS 2847 S Ingram Mill Rd C100, Springfield, MO

Listing date Jul 8, 2026

MLS# 60328324 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.


Investment Insights

Based on property information with market context.

This mostly all-brick duplex includes two separate 2-bedroom, 2-bath units, each with a 2-car setup. The property contains two addresses: 520 E Jewett Place is rented and currently month-to-month, while 518 E Jewett Place is vacant. Both units are described as clean, providing a straightforward residential income configuration.

The duplex is located near Cox Hospital and Kickapoo High School, offering convenient access to key local destinations. The buildings are situated on a cul-de-sac and back to a church, which can help limit through-traffic behind the property.

For buyers looking for a duplex with flexible occupancy, the current mix of a month-to-month tenant and a vacant unit may support a range of plans. The overall structure and unit layout—two beds, two baths, and 2-car arrangements—can appeal to renters seeking space and parking, while a vacant unit can also simplify move-in timing for an owner or new tenant. The property is offered for sale in Springfield, Missouri, under residential zoning.

Key Highlights

  • Mostly brick duplex built in 1985 with 2 bed, 2 bath, 2‑car units at 520 and 518 Jewett
  • One unit (520 Jewett) is rented on a month‑to‑month basis; the other unit (518 Jewett) is vacant
  • Central heating and central air with forced air HVAC and ceiling fans

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 $32.3k $13.80
− Vacancy −$2.0k −$0.85
EGI $30.3k $12.95
− OpEx −$9.1k −$3.88
NOI $21.2k $9.06
2,342 SF · lease $13.80/SF/yr · vacancy 6.17% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$303.3K
$265.4K – $353.8K (±1% cap)
NOI $21,228 @ 7.0% cap · market cap 6.66%
Second Best
Apartment 5plus
$270.5K
$236.7K – $315.6K (±1% cap)
NOI $18,933 @ 7.0% cap · market cap 5.94%
Theoretical Best
Office A
$353.5K
$309.3K – $412.4K (±1% cap)
NOI $24,744 @ 7.0% cap · market cap 7.77%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Grocery & Convenience Store Parking Lot & Garage Locksmith Catering Service Home Appliance Store (Bike/Boat/Book/etc) Store HVAC Service Florist (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store

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

FAQs

What type of property is this?
Duplex - This mostly brick duplex includes two clean 2-bedroom, 2-bath units with 2-car arrangements; one unit is vacant.
Where is this duplex located?
The property is located at 518 & 520 E Jewett Place Springfield, MO.
What is the asking price?
The asking price for this property is $318,600.
What are key features of this property?
This property features: Mostly brick duplex built in 1985 with 2 bed, 2 bath, 2‑car units at 520 and 518 Jewett; One unit (520 Jewett) is rented on a month‑to‑month basis; the other unit (518 Jewett) is vacant; Central heating and central air with forced air HVAC and ceiling fans
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