Building Details

Year Built 1975

Listing Agency: Better Homes & Gardens SW Grp

Listed By: Alan Wolken · License #2005014890 Show Phone

Source: Trilakeshomesearch

Added: Oct 9 Changed: Oct 22 Last Checked: Oct 21 at 2:25AM

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Investment Insights

Based on property information with market context.

This four-unit multifamily property contains 3,024 square feet across four residences, each configured with two bedrooms and one full bathroom. Built in 1975, the property sits on a 0.79-acre lot in Fair Grove, Missouri.

Key Highlights

• Four units, each with two bedrooms and one full bathroom
• 3,024 square feet of building area
• 0.79‑acre lot

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$25,338

Cap Rate

7.24%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$506,760 $506.8K

Cap Rate 7%

$361,971 $362.0K

Cap Rate 9%

$281,533 $281.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,024 SF

Gross rent

$38.1K $12.60/SF

− Vacancy

−$1.9K −$0.63/SF

EGI

$36.2K $11.97/SF

− OpEx

−$10.9K −$3.59/SF

NOI

$25.3K $8.38/SF

Area

Greene County, MO

Vacancy

5.00%

Lease Rate

$12.60 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$506,760

Cap Rate 7%

$361,971

Cap Rate 9%

$281,533

Alternative Uses

Best Use

Multifamily LT 5

$362.0K

$316.7K – $422.3K (±1% cap)

NOI $25,338 @ 7.0% cap · market cap 7.24%

Second Best

Apartment 5plus

$336.7K

$294.6K – $392.8K (±1% cap)

NOI $23,567 @ 7.0% cap · market cap 6.73%

Theoretical Best

Office A

$992.2K

$868.2K – $1.16M (±1% cap)

NOI $69,455 @ 7.0% cap · market cap 19.84%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Lease Details

4

Residential units

Location Intelligence

Trade Area within ½ mile

110

Businesses Nearby

Explore this area Business Placement

Demographics for 65648, MO

5,784

Population

2,509

Households

2.3

Avg Household Size

41

Median Age

29%

College-Educated

94%

High-School Grad

78.4 sq mi

ZIP Area

74

Density / Sq Mi

$83,333

Median Household Income

$48,995

Median Earnings

$895

Median Rent

$199,300

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Frequently Asked Questions

What type of property is this?

Quadplex - Four two-bedroom residences occupy a 0.79-acre parcel in Fair Grove.

Where is this quadplex located?

The property is located at 241 N Northview Cir Fair Grove, MO.

What is the asking price?

The asking price for this property is $350,000.

What are key features of this property?

This property features: Four units, each with two bedrooms and one full bathroom; 3,024 square feet of building area; 0.79‑acre lot