Investment Opportunity! This versatile 3-unit rental property offers an excellent opportunity for investors looking to expand their portfolio or generate consistent cash flow. NOI and ROI very good! Each unit provides comfortable living spaces with functional layouts that appeal to long-term tenants. The property features separate living areas, kitchens, and bedrooms for each unit, making it ideal for multi-tenant occupancy. With strong rental potential and the ability to generate multiple streams of income from one property, this triplex is perfect for both seasoned investors and those looking to start in real estate investing. The property offers ample parking and convenient access to nearby amenities, shopping, and major roadways, making it attractive for renters. Whether you choose to rent all three units for maximum income or live in one while renting the others, this property provides flexibility and long-term value. Don't miss the chance to own a high-potential multi-unit investment property with room for steady returns.
Single-familyProperty Type
1907Year Built
7,405 sq ftLot Size
$147Price/Sq.Ft.
Listed by Mariah Stone• Platinum Estates Realty Inc
Woodland, located between Glenstone Avenue and National Avenue, is a residential and institutional Springfield neighborhood with mid-century ranch streetscapes and a leafy, campus-adjacent feel. The neighborhood’s energy concentrates around the Glenstone Avenue & Sunshine Street corridor, where auto-era storefronts, casual eateries, and everyday services line a fast-moving commercial strip. Side streets read quieter, with mature trees, deep setbacks, and a mix of brick and frame homes. Missouri State University’s nearby edge lends a steady rhythm of foot traffic and bike commutes. Cultural touchstones such as Juanita K. Hammons Hall, the Springfield Art Museum, and the Gillioz Theatre anchor nights out beyond the residential grid.
Provided by Walk Score and Local Logic
Market insights
1511 W Florida St · $185,000
DAYS ON MARKET
1 days
The average home goes pending in 27 days.
SALE-TO-LIST
98.0%
Most homes are selling 2% below list price.
LIST PRICE
$185,000
Median sale price in this area is $259,054. (40% higher than this home)
PRICE DROP
0 price drops
21% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Bathrooms
3 full bathrooms
Heating & cooling
Electric forced-air heating
Window-unit cooling
Exterior features
City street frontage
Asphalt road
Publicly maintained road
Home design
Single-family residence
Two stories
Utilities
Public water
Public sewer
Electricity and solar
View estimated energy costs and solar savings for this home
Incredible opportunity for instant cash flow. This triplex is fully rented and all tenants are on 12 month leases. Unit A is a one bedroom, one bathroom unit with a large open kitchen, spacious living room, and laminate flooring throughout. Unit B is also a one bedroom, one bath that was recently refreshed with new paint, newer floors, and an updated kitchen. Unit C is upstairs and provides two bedrooms, one bathroom, being recently remodeled with new floors, new paint and new kitchen cabinets. Landlord is responsible for water, sewer, trash and lawn care. Tenants pay all other utilities. This is the perfect investment to add to your portfolio, you don't want to miss it! ALL Units Are Now Tenant Occupied. Do Not Disturb Tenants.
SOMO #60223311
Jul 17, 2022
Listed
$99,900
$80/sq ft
Public Records
Dec 16, 2013
Sold
—
Public Records
Jun 18, 2013
Sold
—
Year
Property tax
Land + Additions
Assessment*
2026
$657 (+0.2%)
$3,800 + $9,370
$13,170
2025
$656 (+17.1%)
$3,800 + $9,370
$13,170
2024
$560 (+0.6%)
$3,800 + $9,370
$13,170
2023
$557 (+7.1%)
$2,190 + $8,250
$10,440
2022
$520
$2,190 + $8,250
$10,440
2021
$520 (−4.4%)
$2,190 + $7,330
$9,520
2020
$544 (+2.9%)
$2,190 + $7,330
$9,520
2019
$528 (+24.3%)
$2,190 + $7,330
$9,520
2018
$425 (+1.0%)
$2,190 + $7,330
$9,520
2017
$421 (+0.4%)
$2,190 + $5,470
$7,660
2016
$419 (+1.0%)
$2,190 + $5,470
$7,660
2015
$415 (+4.0%)
$2,190 + $5,470
$7,660
2014
$399
$2,190 + $5,110
$7,300
Public record
Public record
Zoning
Beds
2
Baths
2
Stories
1
Lot width
—
Lot depth
—
Lot size
7,501 Sq. Ft.
Year renovated
—
Finished Sq. Ft.
1,256
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,256
Year built
1907
Style
Single Family Residential
County
Greene County
APN
881311307016
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Nov 11, 2026.
R-SF
Single-Family Residential District
This district is intended primarily for single-family detached dwellings at low residential densities of approximately seven units per acre. Certain other structures and uses necessary to serve governmental, educational, religious, recreational, and other needs of neighborhood areas are allowed as permitted or conditional uses subject to restrictions intended to preserve and protect the single-family residential character of the district. Internal stability, harmony, attractiveness, order, and efficiency are encouraged by providing for adequate light, air, and open space for dwellings and related facilities and by consideration of the proper functional relationship and arrangement of the different uses permitted in this district.
Permitted uses
Include but are not limited to:
Religious facility
Housing-Group
Housing-Single unit
Housing-Multiple units
Educational / school
Fire house
Police station
Recreation
Golf related
Park & open space
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
5/10 Heat Factor
7 days above 104° expected this year, 20 days in 30 years
2/10 Wind Factor
Minor risk of severe winds over next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Springfield, MO • 65803
Average low and high temperatures (°F)
41
21
52
29
68
42
71
51
74
55
84
67
89
72
87
65
83
60
72
53
60
40
51
31
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
93/ 100
Exceptional sunlight
Sunscore
This home receives average direct sun exposure in Springfield. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.9 hrs
5.9 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 1511 W Florida St
There isn’t enough information to generate an accurate estimate at this time. Learn More
More resources
Rental earnings
Est. $1,152 per month, based on comparable rentals