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509 W Olive Street #206, Springfield, MO, 65806

2beds
2baths
1,721sqft
$334,900
$195price/sqft
$2,475/moest. monthly cost
$99,000/yrincome needed

About This Home

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. 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.

Getting Around

86
WalkingVery Walkable
0
TransitVery Limited Transit
80
BikeVery Bikeable

Schools

4/10
7/10
Central High SchoolGrades 6-120.7 mi
4/10
Parkview High SchoolGrades 9-121.4 mi

Construction

Condition

  • Year built: 1926

Materials

  • Foundation: Brick/Mortar
  • Construction materials: Frame,Block

Type & Style

  • Home type: Condo
  • Property subType: Condominium

Interior

Appliances

  • Appliances included: Dishwasher,Free-Standing Electric Oven,Dryer,Washer,Microwave,Refrigerator,Disposal
  • Laundry features: Main Level,W/D Hookup

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • High Speed Internet,Internet - Fiber Optic,Internet - DSL,Internet - Cellular/Wireless,Internet - Cable,Concrete Counters,Soaking Tub,Granite Counters,High Ceilings
  • Window features: Blinds,Double Pane Windows
  • Flooring: Hardwood,Tile
  • Finished area below ground: 0
  • Finished area above ground: 1,721

Heating & Cooling

  • Heating features: Forced Air,Natural Gas
  • Cooling features: Central Air,Ceiling Fan(s)

Interior Area

  • Total structure area: 1,721
  • Total interior livable area: 1,721 sqft

Property

Details

  • Parcel number: 1323103020
  • Other equipment: Intercom

Features

  • Levels: One
  • Stories: 1
  • Has spa: Yes
  • Spa features: Bath
  • Has view: Yes
  • View description: City

Lot

  • Lot size: 1,742 sqft