640 S Kansas Avenue, Springfield, MO 65802
MULTI_FAMILY - Springfield, MO
- Added:
- May 19, 2026
- Days on Market:
- 51
- Last Refresh:
- Jul 8 at 1:06 am
Property Features for 640 S Kansas Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- INC
- Bedrooms
- 6
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bedroom 2, Bedroom 6, Bedroom 1, Bedroom 5, Bathroom 1, Bedroom 3, Bedroom 4
- Appliances
- Range, Disposal, Dishwasher
- Standard status
- Active
- APN
- 1323312023
- Size
- 2,800 SF
- Lot size
- 0.20 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- MILNER ABBOTT & MINARD ADD LOT 21 BLK 3
- Tax Annual Amount
- 2231
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central, Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 2005
- Number of units
- 2
- Building materials
- Brick
- Roof type
- Composition
Listing agent Rong Liu (417) 379-8184
Listing office Murney Associates - Primrose 1625 E. Primrose, Springfield, MO (417) 823-2300
Listing date May 19, 2026
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.
HighLights
- All‑brick duplex built in 2005 with two 1,400 SF units (3 bedrooms and 2 full baths per unit).
- New roof installed in 2022.
- 642 unit is month‑to‑month at $1,100/month (since 6/1/2026); tenants pay utilities and lawn mowing.
- 640 unit lease ends 5/31/2027 at $1,195/month; tenants pay utilities and lawn mowing.
- Each unit uses central heating/central air; forced air heating and composition shingle roof.
- Both units updated recently; all bedrooms and bathrooms are on the second floor with living room and kitchen downstairs.
Overview
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 | $38.6k | $13.80 |
| − Vacancy | −$2.4k | −$0.85 |
| EGI | $36.3k | $12.95 |
| − OpEx | −$10.9k | −$3.88 |
| NOI | $25.4k | $9.06 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Springfield
- County
- Greene
- State
- Missouri
- Longitude
- -93.312035
- Latitude
- 37.203063
