1021 S Lexington Avenue Springfield, MO ^$ 740,000

1021 S Lexington Avenue

^$ 740,000

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1021 S Lexington Avenue

Springfield, MO, 65802

^$ 740,000

Studio Baths1.0

Monthly Estimate*

^$ 4,617

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Studio

Multi-Family Home for sale in Springfield, MO

for $740,000 with 1 full bath. This home was built in 1981 on a lot size of 0.69.

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.

Multi-Family Active

Price

^$ 740,000

Bedrooms

Studio

Full Bath

Property Type

Multi-Family

Taxes

^$ 3,308

Style

Duplex

Lot Size

0.69

Year Built

1981

Town/City

Springfield

County/Region

Greene

MLS | Web ID

60309347

Features

General

Sewer Public Sewer

Heating Central

Cooling Central Air

Utilities Community Water Available Sewer Available Natural Gas Available Electricity Available

Possession Subject To Tenant Rights

Roof Composition

Zoning INC

Construction Materials Brick

Year Built 1981

Property Subtype Duplex

Tax Year 2024

County Greene

Property Type Residential Income

Attached Garage N

Subdivision Name Loren Place

Other Structures Four or More Buildings

Status Active

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

High School SGF-Parkview

City Springfield

Number Of Units Total 8

Elementary School SGF-McGregor

Tax Annual Amount 3308.71

Middle/Junior High School SGF-Westport

Standard Status Active

Total Actual Rent 6225

Legal Description LOREN PLACE LOT 27 THRU 30

Exterior

Parking Features Paved Area

Water Source City

Lot Size Acres 0.69

Interior

Total Baths 1

* Excluded Features

List By

Adam Graddy

Listing Agent

klrw369@kw.com

Contact

Affordability Calculator

$4,892

Per Month

Monthly Principal & Interest: $4,617
Monthly Property Taxes: $276
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Springfield, MO

Average List Price ^$592,487

Percent of Sale Price 20%

About Springfield, MO

167,415 Population

9% Since 2002

^$34,913 Median Income

34.94 Median Age

21% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

1080843 Elementary School

1080815 Middle School

SGF-Parkview High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
11/7/2025	$740,000		Listed Price

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1021 S Lexington Avenue, Springfield, MO, 65802 is a Multi-Family Home for sale at $740,000 with a lot size of 0.69. 1021 S Lexington Avenue is a studio with 1.0 baths and was built in 1981. The property's zip code is 65802 which is in Springfield, MO

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this web page comes in part from the Internet Data Exchange (IDX) of the Southern Missouri Regional MLS, LLC, Inc. Real estate listings held by Brokerage firms other than [Weichert Realtors] are marked with the IDX logo and detailed information about them includes the name of the listing Brokers. The information being provided is for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information being provided is not guaranteed, and all information should be verified by the consumer. Any representation that a web site contains all listings shall only mean that the website contains all listing available to the public through the IDX data feed. There may be other properties offered through a REALTOR® that have not been displayed on this site. © 2018 Southern Missouri Regional MLS, LLC All rights reserved.

Data Updated - 12/12/2025

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1021 S Lexington Avenue

Multi-Family Home for sale in Springfield, MO

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