Excellent Investment Opportunity - Two Homes for $169,900!Two homes on one lot, offering a great opportunity for investors looking to expand their rental portfolio! Both properties are now vacant and available for immediate showings. Properties must be sold together. 405 W. Nichols features 3 bedrooms, 2 bathrooms, and approximately 1,400 square feet. Updates within the last five years include a newer roof, HVAC system, and windows. Previously rented for $995 per month. 413 W. Nichols offers 2 bedrooms, 2 bathrooms, and approximately 1,100 square feet. This home has also received updates within the last five years, including a newer roof, HVAC system, and windows. Previously rented for $820 per month. With a combined rental history of $1,815 per month, these properties offer excellent income potential. Both homes are vacant, allowing investors the flexibility to place new tenants or make improvements before leasing.
Multi-familyProperty Type
1910Year Built
7,405 sq ftLot Size
$68Price/Sq.Ft.
Listed by Bryant Frizzell• Home Sweet Home Realty & Associates, LLC
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Around this home
Schools
K - 12
Preschool & daycare
Weaver Elementary School
Public PreK-5 • Assigned • 0.5mi
2/10
Pipkin Middle School
Public 6-8 • Assigned • 0.2mi
3/10
Central High School
Public 6-12 • Assigned • 0.3mi
7/10
Provided by GreatSchools
About Grant
Beach
Grant Beach, located between Grant Avenue and Glenstone Avenue, is a residential and park-adjacent Springfield neighborhood with a grid of older streets and a community pool complex. The neighborhood’s character concentrates around the Grant Beach Park and Pool grounds, where summer activity and pickup games set the tempo. Housing leans to modest early-to-mid-century homes with deep lots and mature trees, giving blocks a settled, walkable feel. Grant Beach Park reads as the neighborhood’s outdoor living room, with courts, fields, and shaded paths. Nearby, the Historic Firehouse No. 2 Museum and the Missouri Sports Hall of Fame add local texture beyond the park scene.
Provided by Walk Score and Local Logic
Market insights
413 - 405 W Nichols St · $169,900
DAYS ON MARKET
10 days
The average home goes pending in 3 days.
LIST PRICE
$169,900
Median list price in this area is $250,000. (47% higher than this home)
PRICE DROP
0 price drops
10% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Bathrooms
4 full bathrooms
Kitchen
Electric oven
Flooring
Wood flooring
Heating & cooling
Electric central heating
Central air conditioning
Exterior features
Front porch
Frontage on a city street
Asphalt road
Publicly maintained road
Home design
Multiple residences
One to one-and-a-half levels
Parking
Driveway
Utilities
Public water
Public sewer
Electricity and solar
View estimated energy costs and solar savings for this home
The R-HD district is intended to accommodate multifamily developments at densities up to approximately 40 units per acre. The R-HD district is intended for high-rise apartment development, located primarily in and around the center city or other high-intensity use areas specified in the comprehensive plan. This district is intended for areas that have access for vehicular traffic from collector or higher classification streets without traversing minor streets in adjoining residential neighborhoods. New single-family dwellings are not permitted to ensure that vacant land set aside for multifamily development is not preempted by less intense development. Certain other structures and uses necessary to serve governmental, educational, religious, recreational, and other needs of neighborhoods are allowed as permitted or conditional uses subject to restrictions intended to preserve and protect the residential character of this district. Applications for residential use after August 27, 2007, shall include sufficient information for staff to complete analysis under the multifamily development location and design guidelines.
Permitted uses
Include but are not limited to:
Community / recreation center
Religious facility
Housing-Group
Housing-Single unit
Housing-Multiple units
Housing-Student
Bed & breakfast
Educational/school
Police station
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, 19 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 • 65802
Average low and high temperatures (°F)
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31
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Sun exposure
Try the sun simulator tool to see how light moves across the property at different times of day and year.
Provided by Shadowmap
Redfin Estimate for 413 - 405 W Nichols St
There isn’t enough information to generate an accurate estimate at this time. Learn More