2022 Duplex with Two-Car
New
For Sale
$624,900
2196-2200 Athens Street, Ozark, MO 65721
Residential Income, Ozark, MO
Property Size3,128 SF
Lot Size0.25 Acres
Price / SF$199.78
Days on Market6
Property Features for 2196-2200 Athens Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Residential
Appliances
Range, Disposal, Dishwasher, Microwave
Subdivision
Olde World Estates
View
City
Elementary school
OZ West
Middle school
Ozark
High school
Ozark
Directions
From Hwy 65 and CC, West on CC to 22nd Street, South to Athens Avenue,
Standard status
Active
APN
110209001004065000
Size
3,128 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
Lot 158A Olde World Estates Ph 2
Tax Annual Amount
5669
Legal Description
Lot 158A Olde World Estates Ph 2
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air, Ceiling Fan(s)
Building Details
Year built
2022
Number of units
2
Building materials
Brick, Vinyl Siding
Roof type
Composition
Listing Agency:
Keller Williams Local · Keller Williams Realty
(417) 883-4900
Listed By:
Tyler Richardson · License #2014032729
(417) 773-5168
Added: Sep 17
Changed: Sep 21
Last Checked: Sep 22 at 7:06AM
MLS# 60334198
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.
This duplex contains 3,128 square feet of living space on a 0.25-acre lot and was constructed in 2022. The residence includes four bedrooms, two full bathrooms, an open arrangement connecting the living, dining, and kitchen areas, and a two-car garage. Brick and vinyl siding complement the exterior, while central heating and central air support year-round comfort. Kitchen appliances include a range, disposal, dishwasher, and microwave.
The property is located at 2196-2200 Athens Street in Ozark, Missouri 65721, within Christian County. Public sewer serves the property, and the roof is composition shingle. Residential zoning supports its duplex configuration.
The property is located at 2196-2200 Athens Street in Ozark, Missouri 65721, within Christian County. Public sewer serves the property, and the roof is composition shingle. Residential zoning supports its duplex configuration.
Key Highlights
- 2022 construction with 3,128 square feet of living space
- Four bedrooms and two full bathrooms
- 0.25‑acre lot with a two‑car garage
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
$28,352
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
4.54%
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%
$567,040
$567.0K
Cap Rate 7%
$405,029
$405.0K
Cap Rate 9%
$315,022
$315.0K
Market Conditions
NOI Build-Up for 3,128 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
$43.2K $13.80/SF
− Vacancy
−$2.7K −$0.85/SF
EGI
$40.5K $12.95/SF
− OpEx
−$12.2K −$3.88/SF
NOI
$28.4K $9.06/SF
Area
Christian 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%
$567,040
Cap Rate 7%
$405,029
Cap Rate 9%
$315,022
Alternative Uses
Best Use
Multifamily LT 5
$405.0K
$354.4K – $472.5K
NOI $28,352 @ 7.0% cap · market cap 4.54%
Second Best
Apartment 5plus
$361.2K
$316.1K – $421.5K
NOI $25,287 @ 7.0% cap · market cap 4.05%
Theoretical Best
Office A
$472.1K
$413.1K – $550.8K
NOI $33,048 @ 7.0% cap · market cap 5.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
153
Businesses Nearby
Explore this area
Business Placement
Demographics for 65721, MO
32,975
Population
13,467
Households
2.4
Avg Household Size
36
Median Age
35%
College-Educated
93%
High-School Grad
95.9 sq mi
ZIP Area
344
Density / Sq Mi
$76,552
Median Household Income
$41,653
Median Earnings
$991
Median Rent
$253,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Residential duplex with an open layout, modern finishes, and public sewer service in Ozark.
Where is this duplex located?
The property is located at 2196-2200 Athens Street Ozark, MO.
What is the asking price?
The asking price for this property is $624,900.
What are key features of this property?
This property features: 2022 construction with 3,128 square feet of living space; Four bedrooms and two full bathrooms; 0.25‑acre lot with a two‑car garage
