Six-Unit Apartment
For Sale
$315,000
806 W Walnut Street, Springfield, MO 65806
Residential Income, Springfield, MO
Property Size2,587 SF
Lot Size0.18 Acres
Price / SF$121.76
Days on Market18
Property Features for 806 W Walnut Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Residential
Bedrooms
2
Rooms
Bedroom 2, Basement, Bedroom 1
Parking features
On Street
Interior features
Apply To Some, Finished Basement, Carpet
Subdivision
McCluers MM
Elementary school
SGF-McGregor
Middle school
SGF-Jarrett
High school
SGF-Parkview
Directions
From Kansas Expwy, turn East on Walnut. From S Grant, turn West on Walnut.
Standard status
Active
APN
1323129002
Size
2,587 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Mc Cluers M M Add W 50 Ft Lot 23 Blk 9
Tax Annual Amount
981
Legal Description
Mc Cluers M M Add W 50 Ft Lot 23 Blk 9
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Cooling system
Wall Unit(s), Window Unit(s), Central Air, Ceiling Fan(s)
Building Details
Year built
1990
Number of units
6
Building materials
Vinyl Siding
Listing Agency:
Keller Williams Local · Keller Williams Realty
Listed By:
Keely Milliron
(417) 883-4900
Added: Oct 2
Changed: Oct 19
Last Checked: Oct 19 at 8:06PM
MLS# 60335450
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,587-square-foot apartment property contains six units, each with its own living area and private entrance. Five units are occupied. Improvements include plumbing, toilets, flooring, appliances, and the roof. The property is offered in its current, as-is condition.
The 0.18-acre site is near downtown Springfield. Additional features include a two-car garage and back parking. Residential zoning is in place.
The 0.18-acre site is near downtown Springfield. Additional features include a two-car garage and back parking. Residential zoning is in place.
Key Highlights
- Six apartment units; 5 of 6 are occupied
- 2,587 square feet on a 0.18‑acre lot
- Private entrance and separate living area for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,913
Cap Rate
6.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$418,260
$418.3K
Cap Rate 7%
$298,757
$298.8K
Cap Rate 9%
$232,367
$232.4K
Market Conditions
NOI Build-Up for 2,587 SF
Gross rent
$40.7K $15.72/SF
− Vacancy
−$2.6K −$1.02/SF
EGI
$38.0K $14.70/SF
− OpEx
−$17.1K −$6.61/SF
NOI
$20.9K $8.08/SF
Area
Springfield, MO
Vacancy
6.50%
Lease Rate
$15.72 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$418,260
Cap Rate 7%
$298,757
Cap Rate 9%
$232,367
Alternative Uses
Best Use
Apartment 5plus
$298.8K
$261.4K – $348.6K
NOI $20,913 @ 7.0% cap · market cap 6.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$390.5K
$341.7K – $455.5K
NOI $27,332 @ 7.0% cap · market cap 8.68%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
1,592
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Separate living spaces and private entrances accompany recent improvements to plumbing, flooring, appliances, and the roof.
Where is this apartment building located?
The property is located at 806 W Walnut Street Springfield, MO.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Six apartment units; 5 of 6 are occupied; 2,587 square feet on a 0.18‑acre lot; Private entrance and separate living area for each unit
