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$344,900

509 W Olive St Unit 206 Springfield, MO 65806

2 beds
2 full
1,721 sqft
0.04 acres
$200 / sqft
Condo

Property details

About 509 W Olive St Unit 206

Welcome to this stunning, fully furnished condo in the heart of downtown Springfield, an incredible opportunity to own one of the only two units in the building approved for Short-Term Rentals or Airbnb. With vibrant city life right at your doorstep, you're just steps away from everything downtown has to offer. Inside, this spacious 1,700+ square foot unit exudes charm and history, featuring exposed brick, high ceilings, and beautiful hardwood floors throughout. The open floor plan boasts two generously sized bedrooms and two modern bathrooms, including a primary bath complete with a jetted tub for ultimate relaxation.The kitchen is a dream, equipped with concrete countertops, stainless steel appliances, and a large island perfect for meal prep or hosting guests. Whether you're looking for a personal residence or a turnkey investment property, this condo is move-in ready and currently generating income as an active Airbnb. Reach out to the listing agent for financials!This is a prime location for an Airbnb, especially with upcoming developments such as the United Soccer Field slated for 2026, the ongoing transformation of the Hammons Field area, and the Renew Jordan Creek Project right in your backyard, which promises to bring significant infrastructure upgrades and new green spaces. Plus, the highly anticipated ''The Holler'' music venue and restaurant--set to open early next year--will add even more appeal, with a 25,000 square foot arts and entertainment hub, including a 7,500 square foot restaurant with bocce ball courts.With the new local ownership of key venues like the theater, as well as proximity to universities like MSU, Drury, and Evangel, this location offers an exciting, growing community, making it an ideal choice for short-term rentals. Whether you're hosting travelers or enjoying the vibrant energy of downtown Springfield yourself, this condo offers the perfect blend of comfort, style, and potential.

Highlights

Home typeCondominium
HeatingForced Air
StatusActive
CoolingCentral Air, Ceiling Fan(s)
Size1,721 sqft
Lot size0.04 Acres
Year built1926
MLS #60299372
ViewCity

Summary

  • Full Bathrooms: 2
  • Appliances: Dishwasher, Electric Oven, Dryer, Washer, Microwave, Refrigerator, Disposal
  • Basement: No
  • Flooring Type: Hardwood, Tile
  • Interior: High Speed Internet, Internet - Fiber Optic, Internet - DSL, Internet - Cellular/Wireless, Internet - Cable, Concrete Counters, Intercom, Soaking Tub, Granite Counters, High Ceilings, W/D Hookup, Jetted Tub
  • Total Bedroom Count: 2
  • View: City
  • Architectural Style: Condo
  • Heating: Forced Air
  • Cooling: Central Air, Ceiling Fan(s)
  • List Price: $344,900
  • Price/SqFt: $200
  • Directions: From N Campbell, turn west on W Olive St, condo on South side of the street.
  • Year Built: 1926
  • Stories: 1
  • Living Area: 1,721 SqFt
  • Lot Size: 0.04 Acres
  • MLS Number: 60299372
  • MLS Name: somo
  • Office Name: Alpha Realty MO, LLC
  • Office Phone: (417) 719-1560
  • Office Email: adam@alpharealtymo.com
  • Listing Agent: Morgan Headlee

IDX Listings courtesy of Southern Missouri Regional MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.

DMCA Notice

IDXThe 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 this broker 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. © 2025 Southern Missouri Regional MLS, LLC. All rights reserved.

SOMO MLS respects the intellectual property rights of others and expects you to do the same. Per the DMCA, SOMO MLS will respond expeditiously to claims of copyright infringement on the Site if submitted to SOMO MLS's Copyright Agent as described below. Upon receipt of a notice alleging copyright infringement, SOMO MLS will take whatever action it deems appropriate within its sole discretion, including removal of the allegedly infringing materials. If you believe that your intellectual property rights have been violated by SOMO MLS or by a third party who has uploaded materials to the Site, please provide the following information to SOMO MLS's designated Copyright Agent listed below:
a. A description of the copyrighted work or other intellectual property that you claim has been infringed;
b. A description of where the material that you claim is infringing is located on the Site;
c. An address, telephone number, and e-mail address where SOMO MLS can contact you and, if different, an e-mail address where the alleged infringing party, if not SOMO MLS, can contact you;
d. A statement that you have a good-faith belief that the use is not authorized by the copyright owner or other intellectual property rights owner, by its agent, or by law;
e. A statement by you under penalty of perjury that the information in your notice is accurate and that you are the copyright or intellectual property owner or are authorized to act on the owner's behalf;
f. Your electronic or physical signature.
SOMO MLS may request additional information before removing any allegedly infringing material. In the event SOMO MLS removes the allegedly infringing materials, SOMO MLS will immediately notify the person responsible for posting such materials that SOMO MLS removed or disabled access to the materials. SOMO MLS may also provide the responsible person with your e-mail address so that the person may respond to your allegations.
SOMO MLS reserves the right to terminate, limit or suspend any user's access to the Site in the event of repeated infringing activity. If you believe that a user of this Site is a repeat infringer, please follow the above instructions to contact SOMO MLS's Copyright Agent. Please include sufficient information to assist SOMO MLS in determining that the user repeatedly engaged in infringing activity.
SOMO MLS registered a designated agent with the Copyright Office pursuant to 17 U.S.C. 512(c).

SOMO MLS's designated Copyright Agent is:
Laurie Joecks
1310 Primrose, Springfield, MO 65804
Phone: 417-883-1226
Email: laurie@gsbor.com

Based on information submitted to the MLS GRID as of date and time noted below. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/15/2025, 12:58:26 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Price information

Property sales

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Tax history

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Nearby schools

4

McGregor Elementary School

Public District KG-5

0.9 mi

1221 W Madison St

4

Weaver Elementary School

Public District KG-5

1.1 mi

1461 N Douglas Ave

1

Boyd Elementary School

Public District KG-5

1.1 mi

1409 N Washington Ave

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $23,113. Most Springfield, MO residents have annual incomes less than $<35k. The most common type of family is single, no kids. The majority of residents in this area have post secondary degree education.

How much money do the neighbors make?

65%
<35k
34%
35k-100k
1%
100k-200k
0%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree
Doctorate

What types of families live nearby?

89%
Single, No Kids
3%
Single, with Kids
7%
Married, No Kids
1%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

2%
<11 yrs old
3%
12-17 yrs old
56%
18-34 yrs old
31%
35-64 yrs old
8%
65+ yrs old

What do the neighbors do for fun?

  • NBA/WNBANBA/WNBA
  • UFCUFC
  • Figure SkatingFigure Skating

Where do the neighbors shop?

  • Express/Express For MenExpress/Express For Men
  • Family DollarFamily Dollar
  • Banana RepublicBanana Republic

Where do the neighbors go to eat?

  • StarbucksStarbucks
  • Burger KingBurger King
  • Church's ChickenChurch's Chicken

What do the neighbors drive?

  • PontiacPontiac
  • BuickBuick
  • CadillacCadillac

What do the neighbors listen to?

  • Urban ContemporaryUrban Contemporary
  • JazzJazz
  • NewsNews
All data provided by Home Junction and Claritas

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Frequently asked questions

About 509 W Olive St Unit 206

The listing price of 509 W Olive St Unit 206 property is $344,900.

The property 509 W Olive St Unit 206 is a condo located in Springfield, Missouri, 65806.

Active Listing: 509 W Olive St Unit 206 is For Sale (Active/New) which means the seller is accepting offers.

The nearby schools for 509 W Olive St Unit 206 are: McGregor Elementary School (GreatSchools Rating 4/10), Weaver Elementary School (GreatSchools Rating 4/10), Boyd Elementary School (GreatSchools Rating 1/10), Pipkin Middle School (GreatSchools Rating 3/10), Jarrett Middle School (GreatSchools Rating 4/10), Reed Academy (GreatSchools Rating 5/10), Central High School (GreatSchools Rating 6/10), Parkview High School (GreatSchools Rating 3/10), Hillcrest High School (GreatSchools Rating 2/10).

The property at 509 W Olive St Unit 206 has 2 bedrooms and 2 bathrooms.

The property 509 W Olive St Unit 206 is 1,721 SqFt (source: MLS/tax record).

The year of construction for 509 W Olive St Unit 206 is 1926.

This home is located at 509 W Olive St Unit 206 in Springfield, MO and zip code 65806 in the Downtown Springfield neighborhood. This 1,721 square foot home, which was built in 1926, sits on a 0.04 acre lot. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since July 11, 2025 and is currently priced at $344,900.

Springfield, MO housing market in June 2025 saw over 0 listings sold above listed price, more than 1 sold at listed price and over 3 sold below. The inventory of homes for sale in Springfield, MO between May and June 2025 increased by 6.3%. Listings spent 79 days on the market in June 2025, and had a median list price of $275,000 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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