3-Bedroom Duplex with 2022
For Sale
$308,000
Pending
2187 Dogwood Circle, Bolivar, MO 65613
MULTI_FAMILY - Bolivar, MO
Property Size2,494 SF
Lot Size0.24 Acres
Days on Market141
Property Features for 2187 Dogwood Circle
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
MF
Bedrooms
6
Rooms
Bedroom 6, Bedroom 5, Bedroom 3, Bedroom 4, Bedroom 1, Bedroom 2
Subdivision
Porter Place
Elementary school
Bolivar
Middle school
Bolivar
High school
Bolivar
Directions
From S Springfield Ave go West on Aldrich Rd, turn South onto Pike Ave at stop light, turn right on 3rd street (Aspen St) to Dogwood Circle. Sign on property.
Standard status
Pending
APN
89-11-0.6-14-000-000-001.035
Size
2,494 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
BOLIVAR - PORTER PLACE PHASE 5 - LOT 8
Tax Annual Amount
1878
Legal Description
BOLIVAR - PORTER PLACE PHASE 5 - LOT 8
Utilities
Utilities
Electricity Available
Sewer type
Public Sewer
Heating system
Heat Pump (Heating), Central
Cooling system
Central Air, Heat Pump
Building Details
Year built
2005
Number of units
2
Building materials
Brick, Vinyl Siding
Roof type
Asphalt
Listing Agency:
United Country Farm & Home Sales
(417) 276-4868
Listed By:
Christopher Brett Aug
(417) 276-4868
Added: Apr 2
Changed: Aug 15
Last Checked: Aug 20 at 9:06PM
MLS# 60319790
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.
Investment Insights
Based on property information with market context.
Duplex with a 3-bedroom, 2-bath layout and approximately 2,494 square feet. Construction materials include brick with vinyl siding, and the roof is asphalt. Heating and cooling are provided via central systems and a heat pump, with central air and heat pump operation described for the property.
Recent updates include a new roof, siding, windows, and an HVAC system (one side) installed in 2022. Utility services listed for the property include electricity and public sewer.
The property sits on a 0.24-acre lot and is zoned MF. Address: 2187 Dogwood Circle, Bolivar, MO 65613.
Recent updates include a new roof, siding, windows, and an HVAC system (one side) installed in 2022. Utility services listed for the property include electricity and public sewer.
The property sits on a 0.24-acre lot and is zoned MF. Address: 2187 Dogwood Circle, Bolivar, MO 65613.
Key Highlights
- 3‑bedroom, 2‑bath duplex with approximately 2,494 SF
- Exterior updates in 2022: new roof, siding, and windows
- HVAC system (one side) installed in 2022
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$22,606
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.34%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$452,120
$452.1K
Cap Rate 7%
$322,943
$322.9K
Cap Rate 9%
$251,178
$251.2K
Market Conditions
NOI Build-Up for 2,494 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$34.4K $13.80/SF
− Vacancy
−$2.1K −$0.85/SF
EGI
$32.3K $12.95/SF
− OpEx
−$9.7K −$3.88/SF
NOI
$22.6K $9.06/SF
Area
Polk County, MO
Vacancy
6.17%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$452,120
Cap Rate 7%
$322,943
Cap Rate 9%
$251,178
Alternative Uses
Best Use
Multifamily LT 5
$322.9K
$282.6K – $376.8K
NOI $22,606 @ 7.0% cap · market cap 7.34%
Second Best
Apartment 5plus
$288.0K
$252.0K – $336.0K
NOI $20,162 @ 7.0% cap · market cap 6.55%
Theoretical Best
Office A
$376.4K
$329.4K – $439.2K
NOI $26,350 @ 7.0% cap · market cap 8.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
201
Businesses Nearby
Explore this area
Business Placement
Demographics for 65613, MO
17,890
Population
7,327
Households
2.4
Avg Household Size
37
Median Age
26%
College-Educated
90%
High-School Grad
184.9 sq mi
ZIP Area
97
Density / Sq Mi
$56,919
Median Household Income
$31,765
Median Earnings
$828
Median Rent
$197,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex on 0.24 acres in MF zoning with 2022 exterior updates including roof, siding, windows, and one side HVAC system.
Where is this duplex located?
The property is located at 2187 Dogwood Circle Bolivar, MO.
What is the asking price?
The asking price for this property is $308,000.
What are key features of this property?
This property features: 3‑bedroom, 2‑bath duplex with approximately 2,494 SF; Exterior updates in 2022: new roof, siding, and windows; HVAC system (one side) installed in 2022
