Discover an exceptional investment opportunity with this well-maintained duplex at 1016 & 1018 South Lexington Avenue, Springfield, MO 65802. Each side of this charming property features a spacious 2-bedroom, 1-bath layout with a convenient one-car garage, offering comfort and functionality for tenants or homeowners alike.1016 South Lexington: Currently vacant and move-in ready, this unit is perfect for an owner-occupant or a new tenant. Freshly prepared, it's a blank canvas for personalization or immediate leasing.1018 South Lexington: Leased through June 2025 at $895 per month, providing instant rental income for investors. The existing lease ensures cash flow from day one.This duplex is a prime choice for investors seeking steady rental income or house hackers looking to live in one unit while renting the other to offset mortgage payments. Located in a desirable Springfield neighborhood, the property offers easy access to local amenities, schools, and major roadways.Don't miss this versatile property that blends affordability, income potential, and lifestyle flexibility. Schedule a showing today to explore the possibilities!
Active
$250,000
1016 S Lexington Avenue, Springfield, MO 65802
--beds
1baths
1,968sqft
Est.:
Duplex
Built in 1980
-- sqft lot
$243,700 Zestimate®
$127/sqft
$-- HOA
What's special
Blank canvas for personalizationMove-in readyConvenient one-car garage
- 2 days
- on Zillow |
- 174 |
- 10 |
Likely to sell faster than
Zillow last checked: 7 hours ago
Listing updated: June 23, 2025 at 06:02pm
Listed by:
Langston Group 417-879-7979,
Murney Associates - Primrose
Source: SOMOMLS,MLS#: 60297791

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 1
Heating
- Fireplace(s), Central
Cooling
- Central Air, Ceiling Fan(s)
Appliances
- Included: Range, Disposal, Dishwasher, Dryer, Washer
Features
- Fireplace
- Flooring: Carpet
Interior area
- Total interior livable area: 1,968 sqft
Property
Parking
- Total spaces: 2
- Parking features: Two or More
- Attached garage spaces: 2
Lot
- Size: 7,405.2 Square Feet
Details
- Additional structures: One
- Parcel number: 1327101025
- Zoning: INC
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex
Materials
- Frame
- Roof: Composition
Condition
- Year built: 1980
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Community
Community & HOA
Community
- Subdivision: Loren Place
Location
- Region: Springfield
Financial & listing details
- Price per square foot: $127/sqft
- Tax assessed value: $91,400
- Annual tax amount: $931
- Date on market: 6/23/2025
- Listing terms: Cash,VA Loan,FHA,Conventional
- Lease term: Negotiable
- Total actual rent: 1790
- Road surface type: Concrete, Curbs
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