829 W Pershing Street, Springfield, MO 65806
MULTI_FAMILY - Springfield, MO
- Added:
- Jun 19, 2026
- Days on Market:
- 9
- Last Refresh:
- Jun 27 at 3:06 pm
Property Features for 829 W Pershing Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- INC
- Bathrooms
- 1
- Rooms
- Bathroom 1
- Interior features
- Carpet
- Standard status
- Active
- APN
- 1323128007
- Lot size
- 0.18 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- MC CLUERS M M ADD W 50 FT LOT 36 BLK 8
- Tax Annual Amount
- 957
Utilities
- Sewer type
- Public Sewer
- Cooling system
- Wall Unit(s)
Building Details
- Year built
- 1925
- Number of units
- 4
- Building materials
- Stone, Frame, Vinyl Siding
- Roof type
- Composition
Listing agent The Property Gurus License #2018016865 (417) 379-8963
Listing office Keller Williams 1619 E. Independence St., Springfield, MO (417) 883-4900
Listing date Jun 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
- 4‑plex with four 1‑bedroom, 1‑bath units
- Total living area of 1,800 SF on a 0.18‑acre lot
- One unit currently rented; two additional units ready to rent and one unit needing work before rent‑ready
- Two lower units have separate front doors off the covered front porch; two upstairs units accessed via a side entry and stairwell
- Exterior includes stone and frame construction with vinyl siding; composition roof
- Public sewer; wall unit cooling; carpet interior
Overview
The property is located close to downtown Springfield and Missouri State University, which may appeal to tenants seeking convenient access to local employers and campus-area amenities. Additional context is provided in the seller remarks regarding current unit readiness: one unit is already rented, two units are ready to go, and one unit needs some work before it is rent-ready.
For investors, the unit mix and entrance layout support an owner/operator approach with less internal complexity. With multiple units ready for occupancy and one additional unit requiring some work, this configuration offers a practical path to stabilizing income through phased turn readiness. Investors interested in a close-to-downtown, campus-adjacent fourplex may want to review the condition details at the time of showing given the as-is sale terms.
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 | $24.8k | $13.80 |
| − Vacancy | −$1.5k | −$0.85 |
| EGI | $23.3k | $12.95 |
| − OpEx | −$7.0k | −$3.88 |
| NOI | $16.3k | $9.06 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Springfield
- County
- Greene
- State
- Missouri
- Longitude
- -93.301428
- Latitude
- 37.206509
