1021 South Lexington Avenue, Springfield, MO 65802
$740,000
Property Type:
MultiFamily
Lot Size (sq. ft.):
30,056
Status:
Active
Current Price:
$740,000
List Date:
11/07/2025
Last Modified:
12/31/2025
Description
Incredible investment opportunity in a high-demand Springfield location! This package includes four all-brick duplexes—eight total units—located at 1021, 1027, 1033, and 1039 S Lexington Avenue, all situated on a single 0.69-acre parcel. Each unit is approximately 800 square feet and features 2 bedrooms and 1 bathroom. All eight units are currently occupied, generating a total monthly rent of $6,225, with market rent potential of approximately $6,800/month. The buildings have low-maintenance brick exteriors and offer paved, off-street parking for tenants. Located just minutes from nearby shopping, dining, and with quick access to Hwy 13, this property offers strong tenant appeal and excellent occupancy history. Investors will appreciate the consistent cash flow, rental upside, and the ease of managing all units on one parcel.
More Information MLS# 60309347
Contract Information
Transaction Type: Sale
Foreclosure/Short Sale: No
Property Sub-Type: Duplex/Triplex/Fourplex
Begin Date: 2025-11-07
List Price: $740,000
Agreement Type: Exclusive Right To Sell
Sign on Property: 1
Location, Tax and Other Information
Inside City Limits: Yes
RE Tax Provided By: Assessor Records
General Property Description
SqFt Finsh'd & Unfnsh'd: 5000 or more
Total Monthly Rent: 6225
Waterfront/View: None
Lake/River: None
Aprx Year Built: 1981
Number of Units: 8
Aprx Lot Size (Acres): 0.69
Lot Dimensions: Acres
Elementary School: SGF-McGregor
Middle School: SGF-Westport
High School: SGF-Parkview
Construction
Brick: 1
Two Bed Units
Two Bed $: Over $450
Two Bed SqFt: 751 - 1,000 SqFt
Utilities
City: 1
Electricity: 1
Gas: 1
Sewer: 1
Water: 1
Cooling
Central: 1
Baths
Each Unit: 1
1 Per Unit: 1
Heating
Central: 1
Parking
Paved Area: 1
Roofing Material
Composition: 1
Possession
Subject to Tenant Rt: 1
Will Sell
Cash: 1
Conventional: 1
Buildings
Four or More Buildings: 1
Water
City Water: 1
Sewer
Public: 1
Documents Available
Financial Records: 1
Location Tax and Other Information
Street #: 1021
Street Direction: South
Street Name/Route: Lexington
Suffix: Avenue
County: Greene
State/Province: MO
Zip Code: 65802
Subdivision: Loren Place
Parcel ID: 1327102015
Real Estate Tax: 3308.71
Tax Year: 2024
Legal Description: LOREN PLACE LOT 27 THRU 30
Zoning: INC
Remarks Misc
Directions: North on Hwy 13, East on Grand St, South on Lexington Ave.
Status Change Info
Status: Active
Property Features
Baths: 1 Per Unit
Cooling: Central
Heating: Central
Buildings: Four or More Buildings
Construction: Brick
Roofing Material: Composition
Parking: Paved Area
Water: City Water
Sewer: Public
Utilities: Electricity; Gas; Sewer; Water
Documents Available: Financial Records
Possession: Subject to Tenant Rt
Will Sell: Cash; Conventional
Rent Roll ›
Listing Office:
Keller Williams
Last Updated: December - 31 - 2025
Broker Attribution:
klrw369@kw.com
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