Renovated Duplex with
For Sale
$225,000
824 W Elm Street, Springfield, MO 65806
Residential, Springfield, MO
Property Size1,636 SF
Lot Size0.18 Acres
Price / SF$137.53
Days on Market105
Property Features for 824 W Elm Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 2, Bathroom 1, Bedroom 4, Bedroom 1, Bathroom 3, Bedroom 3, Bathroom 2
Subdivision
Greene-Not in List
Elementary school
SGF-McGregor
Middle school
SGF-Study
High school
SGF-Parkview
Directions
From Kansas Expressway, head east on West Elm Street. Continue approximately 0.3 miles. Property will be on the left at 824/826 W. Elm Street.
Standard status
Active
APN
1323140001
Size
1,636 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Mc Cluers M M Add E1/2 Lot 65 Blk 18
Tax Annual Amount
731
Legal Description
Mc Cluers M M Add E1/2 Lot 65 Blk 18
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Window Unit(s), Central Air
Amenities
covered front porch
back deck
private staircase
Building Details
Year built
1912
Floors in Building
2
Listing Agency:
Block Realty
Listed By:
King Block
(417) 379-2855
Added: Jun 24
Changed: Sep 17
Last Checked: Oct 6 at 10:06PM
MLS# 60327439
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 1,636-square-foot stacked duplex, built in 1912, contains two distinct living spaces. The main-level residence offers three bedrooms and two bathrooms, along with a covered front porch and rear deck. Upstairs, a separate one-bedroom, one-bath apartment has its own exterior entry, full kitchen, living area, and private staircase.
The property has undergone extensive renovation, including electrical and plumbing updates, structural work, remodeled kitchens and bathrooms, new flooring, vinyl windows, updated appliances, and exterior improvements. Heating is provided by central systems, while cooling includes central air and window units. The main-level unit is currently tenant occupied, and showings require at least 24 hours’ notice.
The 0.18-acre property is served by public sewer and is located in Springfield near downtown, Missouri State University, Drury University, Ozarks Technical Community College, shopping, dining, and parks.
The property has undergone extensive renovation, including electrical and plumbing updates, structural work, remodeled kitchens and bathrooms, new flooring, vinyl windows, updated appliances, and exterior improvements. Heating is provided by central systems, while cooling includes central air and window units. The main-level unit is currently tenant occupied, and showings require at least 24 hours’ notice.
The 0.18-acre property is served by public sewer and is located in Springfield near downtown, Missouri State University, Drury University, Ozarks Technical Community College, shopping, dining, and parks.
Key Highlights
- Renovated 1,636‑square‑foot stacked duplex
- Main‑level 3‑bedroom, 2‑bath residence with covered porch and rear deck
- Upper unit includes 1 bedroom, 1 bath, full kitchen, living area, and private exterior entry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,829
Cap Rate
6.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$296,580
$296.6K
Cap Rate 7%
$211,843
$211.8K
Cap Rate 9%
$164,767
$164.8K
Market Conditions
NOI Build-Up for 1,636 SF
Gross rent
$22.6K $13.80/SF
− Vacancy
−$1.4K −$0.85/SF
EGI
$21.2K $12.95/SF
− OpEx
−$6.4K −$3.88/SF
NOI
$14.8K $9.06/SF
Area
Springfield, MO
Vacancy
6.17%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$296,580
Cap Rate 7%
$211,843
Cap Rate 9%
$164,767
Alternative Uses
Best Use
Multifamily LT 5
$211.8K
$185.4K – $247.2K
NOI $14,829 @ 7.0% cap · market cap 6.59%
Second Best
Apartment 5plus
$188.9K
$165.3K – $220.4K
NOI $13,225 @ 7.0% cap · market cap 5.88%
Theoretical Best
Office A
$246.9K
$216.1K – $288.1K
NOI $17,285 @ 7.0% cap · market cap 7.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,511
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences include a three-bedroom main-level home and a private one-bedroom upper apartment.
Where is this duplex located?
The property is located at 824 W Elm Street Springfield, MO.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Renovated 1,636‑square‑foot stacked duplex; Main‑level 3‑bedroom, 2‑bath residence with covered porch and rear deck; Upper unit includes 1 bedroom, 1 bath, full kitchen, living area, and private exterior entry
