A prime investment opportunity! This 6-unit apartment building is designed for sustained value and tenant satisfaction. Each of the six units offers a desirable three-bedroom, three-bathroom configuration, with two units on each level, and secure coded entries at the front and rear. The property underwent an extensive renovation in 2016, ensuring reduced maintenance and long-term reliability. Upgrades include a new roof, windows, shutters, and fully modernized interiors with new electrical, plumbing, fixtures, insulation, cabinets, flooring (hardwood in living areas, carpet in bedrooms, tile in bathrooms), and appliances. The exterior was recently updated with new paint and a refurbished stairway in 2025. 4 of the 6 bedrooms have been freshly painted with updated color and the remaining 2 are on the schedule to get all new paint in June. One ground-floor unit (west side) is handicapped accessible. A partial basement houses mechanicals and internet equipment. The property features 19 rear parking spaces and individual metering for each unit, maximizing tenant convenience. Low owner responsibility with only trash and lawn care.
Active
$1,400,000
1315 E Elm Street, Springfield, MO 65802
--beds
--baths
7,080sqft
Est.:
MultiFamily
Built in 1930
-- sqft lot
$1,293,800 Zestimate®
$198/sqft
$-- HOA
What's special
New paintNew roofModernized interiorsRefurbished stairwayDesirable three-bedroom three-bathroom configurationRear parking spacesCarpet in bedrooms
- 21 days
- on Zillow |
- 730 |
- 23 |
Zillow last checked: 7 hours ago
Listing updated: April 17, 2025 at 12:26pm
Listed by:
Wem Oaks 417-204-9033,
Keller Williams,
Anita Oaks 417-293-6033,
Keller Williams
Source: SOMOMLS,MLS#: 60291116

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Heating
- Central
Cooling
- Central Air, Ceiling Fan(s)
Appliances
- Included: Disposal, Dishwasher, Refrigerator, Microwave
- Laundry: Washer/Dryer Hookup
Features
- Apply To All Units, Storage
Interior area
- Total interior livable area: 7,080 sqft
Property
Parking
- Parking features: Paved
Features
- Has view: Yes
- View description: City
Lot
- Size: 0.4 Acres
Details
- Additional structures: One, Three or More Stories
- Parcel number: 881219207030
- Zoning: High Density
Construction
Type & style
- Home type: MultiFamily
Materials
- Brick
- Roof: Composition
Condition
- Year built: 1930
Utilities & green energy
- Water: City
- Utilities for property: Community, Separate Meters, Water Available
Community & HOA
Community
- Subdivision: N/A
Location
- Region: Springfield
Financial & listing details
- Price per square foot: $198/sqft
- Annual tax amount: $3,947
- Date on market: 4/5/2025
- Listing terms: Cash,1031 Exchange,Conventional
- Total actual rent: 8880
- Road surface type: Asphalt
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