829 W Pershing Street Springfield, MO 65806
MULTI_FAMILY - Springfield, MO
- Added:
- Jun 19, 2026
- Days on Market:
- 25
- Last Refresh:
- Jul 13 at 10:06 am
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.
Investment Insights
Based on property information with market context.
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.
Key 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
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 |
