Two-Unit Duplex with Attached
New
For Sale
$325,000
161 & 163 Proverbs Court, Forsyth, MO 65653
Residential, Forsyth, MO
Property Size2,480 SF
Lot Size0.25 Acres
Price / SF$131.05
Days on Market2
Property Features for 161 & 163 Proverbs Court
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bedroom 6, Bedroom 1, Bedroom 5, Bathroom 3, Bedroom 3, Bathroom 4, Bedroom 4, Bedroom 2, Bathroom 2
Parking features
Garage
Subdivision
Corner Stone Estates
Elementary school
Forsyth
Middle school
Forsyth
High school
Forsyth
Directions
From Hwy 76, head East on Corner Stone Dr, right on Proverbs Ct, 161 & 163 are on the left.
Standard status
Active
APN
09-2.0-03-000-000-054.000
Size
2,480 SF
Lot size
0.25 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2025
Tax Description
CORNER STONE ESTATES AT SHOALS BEND - PH 1 LT 10A AND LT108 BUILDING 10; CITY OF FORSYTH
Tax Annual Amount
1619
Legal Description
CORNER STONE ESTATES AT SHOALS BEND - PH 1 LT 10A AND LT108 BUILDING 10; CITY OF FORSYTH
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Building Details
Year built
2007
Floors in Building
1
Buildings
1
Listing Agency:
EXP Realty, LLC.
(816) 982-5990
Listed By:
Gary Nelson · License #2020033644
(417) 464-6915
Added: Nov 4
Changed: Nov 5
Last Checked: Nov 5 at 11:06AM
MLS# 60337684
Copyright © 2026 Southern Missouri Regional MLS, LLC (SOMO). All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2007 duplex contains 2,480 square feet across two residences, each configured with three bedrooms and two bathrooms. Both sides include an attached two-car garage, with central heating and central air conditioning serving the property.
The 0.25-acre parcel is served by city water and public sewer. The property is fully leased and located in Forsyth, Missouri.
The 0.25-acre parcel is served by city water and public sewer. The property is fully leased and located in Forsyth, Missouri.
Key Highlights
- Two residences, each with 3 bedrooms and 2 bathrooms
- 2,480 square feet in a 2007‑built duplex
- Attached 2‑car garage for each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,521
Cap Rate
6.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$450,420
$450.4K
Cap Rate 7%
$321,729
$321.7K
Cap Rate 9%
$250,233
$250.2K
Market Conditions
NOI Build-Up for 2,480 SF
Gross rent
$34.8K $14.04/SF
− Vacancy
−$2.6K −$1.07/SF
EGI
$32.2K $12.97/SF
− OpEx
−$9.7K −$3.89/SF
NOI
$22.5K $9.08/SF
Area
Taney County, MO
Vacancy
7.60%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$450,420
Cap Rate 7%
$321,729
Cap Rate 9%
$250,233
Alternative Uses
Best Use
Multifamily LT 5
$321.7K
$281.5K – $375.4K
NOI $22,521 @ 7.0% cap · market cap 6.93%
Second Best
Apartment 5plus
$286.1K
$250.4K – $333.8K
NOI $20,028 @ 7.0% cap · market cap 6.16%
Theoretical Best
Office A
$484.7K
$424.1K – $565.4K
NOI $33,926 @ 7.0% cap · market cap 10.44%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
32
Businesses Nearby
Explore this area
Business Placement
Demographics for 65653, MO
5,806
Population
2,894
Households
2
Avg Household Size
50
Median Age
20%
College-Educated
92%
High-School Grad
63.8 sq mi
ZIP Area
91
Density / Sq Mi
$47,929
Median Household Income
$34,470
Median Earnings
$719
Median Rent
$181,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are fully occupied and have central heating and air conditioning.
Where is this duplex located?
The property is located at 161 & 163 Proverbs Court Forsyth, MO.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms and 2 bathrooms; 2,480 square feet in a 2007‑built duplex; Attached 2‑car garage for each residence
