1021 South Lexington Avenue, Springfield, MO 65802 (MLS# 60309347)

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: 4/30/2026

Overview

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.

Listing Details MLS# 60309347

Contract Information

Property Sub-Type: Duplex/Triplex/Fourplex
Begin Date: 2025-11-07
Transaction Type: Sale
Foreclosure/Short Sale: No
Agreement Type: Exclusive Right To Sell
Sign on Property: Yes

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

General Property Description

SqFt Finsh'd & Unfnsh'd: 5000 or more
Aprx Year Built: 1981
Total Monthly Rent: 6225
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
Waterfront/View: None
Lake/River: None

Remarks Misc

Directions: North on Hwy 13, East on Grand St, South on Lexington Ave.

Two Bed Units

Two Bed $: Over $450
Two Bed SqFt: 751 - 1,000 SqFt

More Information

Baths

Each Unit: Yes
1 Per Unit: Yes

Location, Tax and Other Information

Inside City Limits: Yes
RE Tax Provided By: Assessor Records

Construction

Brick: Yes

Utilities

City: Yes
Electricity: Yes
Gas: Yes
Sewer: Yes
Water: Yes

Cooling

Central: Yes

Heating

Central: Yes

Parking

Paved Area: Yes

Roofing Material

Composition: Yes

Possession

Subject to Tenant Rt: Yes

Will Sell

Cash: Yes
Conventional: Yes

Buildings

Four or More Buildings: Yes

Water

City Water: Yes

Sewer

Public: Yes

Documents Available

Financial Records: Yes

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

Documents

Rent Roll ›

Assessor Map ›

P and L ›

Measurement Disclaimer ›

Listing Office: Keller Williams

Last Updated: April - 30 - 2026

Broker Attribution: klrw369@kw.com

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