Multifamily Package Near Downtown
For Sale
$1,265,000
608 W Walnut St, Springfield, MO 65806
16-unit multifamily package near downtown Springfield, Missouri.
Property Size14,924 SF
Days on Market169
Property Features for 608 W Walnut St
General Information
Standard status
Active
Size
14,924 SF
Property subtype
Multifamily
Building Details
Building Size
14,924 SF
Year Built
1911
Listing Agency:
SVN | Rankin Company, LLC
(417) 860-9951
Listed By:
Jack Rankin · License #2018038830
(417) 860-9951
Source:
Svn
Added: Mar 6
Changed: Aug 8
Last Checked: Aug 21 at 4:39AM
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
Investment Insights
Based on property information with market context.
This is a unique opportunity to purchase a 16-unit multifamily package near downtown Springfield, Missouri. The package consists of two, eight-unit apartment complexes located at 608 & 614 W. Walnut Street. The unit mix includes a combination of 2 bed, 1 bath units, and 1 bed, 1 bath units. 15 of the 16 units have been fully renovated since 2021, including major CapEx improvements such as new roofs, HVAC, plumbing, and more. Located near the intersection of Main Street and W. Walnut Street in Springfield, Missouri this property sits just west of downtown, within walking distance to an immense number of retailers, restaurants and amenities including the University Plaza Hotel, Gilloz Theatre, Civil Kitchen, Gailey's Breakfast Cafe, Mother's Brewing Company, Rage Fitness, Missouri State University, Route 66 Springfield Visitor Center, Jenny Lincoln Park and dozens more.
Key Highlights
- 15 out of 16 units fully renovated since 2021
- Major CapEx improvements including new roofs, HVAC, and plumbing
- Located near downtown Springfield, Missouri
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,946
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - 16-unit multifamily package near downtown Springfield, Missouri.
Where is this apartment building located?
The property is located at 608 W Walnut St Springfield, MO.
What is the asking price?
The asking price for this property is $1,265,000.
What are key features of this property?
This property features: 15 out of 16 units fully renovated since 2021; Major CapEx improvements including new roofs, HVAC, and plumbing; Located near downtown Springfield, Missouri
