939 South Avenue, Springfield, MO 65806
MULTI_FAMILY - Springfield, MO
- Added:
- Jun 17, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 18 at 2:06 pm
Property Features for 939 South Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- INC
- Standard status
- Active
- APN
- 1324308012
- Size
- 6,700 SF
- Lot size
- 0.29 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 4303
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 1915
- Number of units
- 7
Listing agent Holt Homes Group License #2008011324 (417) 479-0257
Listing office Keller Williams 1619 E. Independence St., Springfield, MO (417) 883-4900
Listing date Jun 17, 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
- 7 total rental units across 3 buildings: two duplexes and one multi‑unit residence
- Duplexes offer approximately 2,000 SF each
- Third building offers approximately 2,700 SF with 3 rental units: two 2‑bedroom units and one efficiency
- All units are currently tenant occupied
- Central heating and central air, with public sewer
Overview
The property is located at 939 South Avenue, Springfield, MO 65806, in Greene County, and is zoned INC. The buildings are described as being a few blocks from Missouri State University and positioned near the corner of Grand Street and South Avenue, with quick access to South Campbell Avenue.
For investors and operators seeking an income-producing package, the appeal here is the unit diversification within one acquisition: two duplexes plus a three-unit structure, all already in place with existing tenants. The configuration of two 2-bedroom units and one efficiency unit in the third building can help match tenant needs across different household sizes, while keeping management contained within the same overall portfolio.
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 | $92.5k | $13.80 |
| − Vacancy | −$5.7k | −$0.85 |
| EGI | $86.8k | $12.95 |
| − OpEx | −$26.0k | −$3.88 |
| NOI | $60.7k | $9.06 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Springfield
- County
- Greene
- State
- Missouri
- Longitude
- -93.292964
- Latitude
- 37.197293
