716 E Locust Street, Springfield, MO 65803
MULTI_FAMILY - Springfield, MO
- Added:
- Jul 3, 2026
- Days on Market:
- 4
- Last Refresh:
- Jul 6 at 3:06 pm
Property Features for 716 E Locust Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Multi Family
- Bedrooms
- 4
- Bathrooms
- 1
- Rooms
- Bathroom 1, Bedroom 4, Bedroom 3, Bedroom 2, Bedroom 1
- Interior features
- Storage, Washer/Dryer Hookup
- Appliances
- Range, Disposal, Refrigerator
- Standard status
- Active
- APN
- 1312412004
- Size
- 1,830 SF
- Lot size
- 0.25 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- North Springfield O P E 58 Ft Lot 14 & W 2 Ft Lot 1 Blk 3
- Tax Annual Amount
- 1040
Utilities
- Utilities
- Water Available
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Cooling system
- Central Air, Ceiling Fan(s)
Building Details
- Year built
- 1979
- Number of units
- 2
- Roof type
- Composition
- Additional Structures
- Storage
Listing agent Laura Daly License #2009023385 (417) 823-2300
Listing office Murney Associates - Primrose 1625 E. Primrose, Springfield, MO (417) 823-2300
Listing date Jul 3, 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
- Turn‑key duplex built in 1979 with two 2‑bedroom, 1‑bath units
- Each unit includes a kitchen with appliances, including refrigerators and new stoves
- Forced‑air heating with central air cooling and ceiling fan(s)
- Washer/dryer hookup and in‑unit storage
- Roof is composition shingle
- Utilities include water available and public sewer; includes a 2‑car detached carport and fenced storage area with rear access
Overview
The property sits on a 0.25-acre lot at 716 E Locust Street in Springfield, Missouri, under multi-family zoning. It also includes a detached two-car carport and a fenced-in storage area, with rear access for convenient day-to-day use.
For buyers seeking either an owner-occupant arrangement or an income-producing residential setup, this duplex’s updated condition and in-unit appliance package reduce immediate turnover and maintenance concerns. The two-unit configuration, combined with the dedicated carport and enclosed storage, supports practical living needs for tenants or for split occupancy.
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 | $25.3k | $13.80 |
| − Vacancy | −$1.6k | −$0.85 |
| EGI | $23.7k | $12.95 |
| − OpEx | −$7.1k | −$3.88 |
| NOI | $16.6k | $9.06 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Springfield
- County
- Greene
- State
- Missouri
- Longitude
- -93.28308
- Latitude
- 37.227034
