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    1820-1824 Walnut St Springfield, MO 65806

    Sponsored
    For Sale
    $370,000

    Four-unit apartment building, 100% occupied.

    Property size:
    1,664 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional investment opportunity presents a four-unit apartment building located at 1820-1824 W Walnut St, Springfield, MO 65806, in Greene County. The property boasts a total of 1,664 square feet, situated on an 8,477 square foot lot. Each of the four units offers generous living space, measuring 1,100 square feet, with two bedrooms and one bathroom. Currently operating at 100% occupancy, this property provides immediate and consistent cash flow. The asking price is $370,000, translating to $240.38 per square foot. The property is zoned for residential single-family use. 2023 property taxes amounted to $1,809.47. This multifamily property is ideally located in Springfield, a vibrant city in the heart of the Ozarks, offering a blend of big-city amenities and small-town charm. The property's strong occupancy rate and desirable location make it an attractive investment for both seasoned and new investors seeking a stable and profitable venture in the thriving Springfield real estate market. This is a turnkey opportunity with immediate income potential.

    Property Features for 1820-1824 Walnut St

    General Information

    Property type
    Multifamily properties
    Square Feet
    1,664 SF

    Building Details

    Units
    4

    HighLights

    • Four‑unit multifamily property.
    • 1,100 square feet per unit.
    • Each unit features two bedrooms and one bathroom.
    • 100% occupancy.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Greene
    State
    Missouri
    Longitude
    -93.3165639
    Latitude
    37.2071577

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    FAQs

    What type of property is this?
    Multifamily property - Four-unit apartment building, 100% occupied.
    Where is this multifamily property located?
    The property is located at 1820-1824 Walnut St Springfield, MO.
    What is the asking price?
    The asking price for this property is $370,000.
    What are key features of this property?
    This property features: Four-unit multifamily property.; 1,100 square feet per unit.; Each unit features two bedrooms and one bathroom.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1820-1824 Walnut St Springfield, MO 65806
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