4-Unit Brick
New
For Sale
$350,000
241 N Northview Circle, Fair Grove, MO 65648
Residential Income, Fair Grove, MO
Property Size3,024 SF
Lot Size0.79 Acres
Price / SF$115.74
Days on Market2
Property Features for 241 N Northview Circle
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
INC
Bedrooms
8
Bathrooms
1
Full bathrooms
1
Rooms
Bedroom 6, Bedroom 1, Bedroom 2, Bedroom 5, Bedroom 3, Bedroom 4, Bedroom 7, Bathroom 1, Bedroom 8
Interior features
Apply To All Units, Washer/Dryer Hookup, Carpet
Appliances
Range, Disposal
Subdivision
Fair Grove Northview
Elementary school
Fair Grove
Middle school
Fair Grove
High school
Fair Grove
Directions
go north on hwy 65 out of Springfield and take the Fair Grove exit and turn left onto Hwy 125 then right on Northview Cir and then left to the 4 plex
Standard status
Active
APN
0120300017
Size
3,024 SF
Lot size
0.79 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
FAIR GROVE NORTHVIEW ADD N 145 FT LOT 36
Tax Annual Amount
1886
Legal Description
FAIR GROVE NORTHVIEW ADD N 145 FT LOT 36
Utilities
Utilities
Electricity Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1975
Number of units
4
Building materials
Brick
Roof type
Composition
Listing Agency:
Better Homes & Gardens SW Grp · Better Homes and Gardens Real Estate
(417) 732-2195
Listed By:
Alan Wolken · License #2005014890
(417) 234-1337
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 15 at 8:06PM
MLS# 60336318
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.
Built in 1975, this 3,024-square-foot brick quadplex contains four residences, each with two bedrooms and a full bath. Interior features include carpet and washer/dryer hookups; ranges and disposals are also included. Central heating and central air serve the building, which has a composition roof.
The property occupies 0.79 acres in Fair Grove and is zoned INC. Public sewer service and electricity availability are listed.
The property occupies 0.79 acres in Fair Grove and is zoned INC. Public sewer service and electricity availability are listed.
Key Highlights
- Four residences, each with two bedrooms and one full bath
- 3,024 square feet on a 0.79‑acre parcel
- Brick construction; built in 1975
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
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
NOI $25,338 @ 7.0% cap · market cap 7.24%
Second Best
Apartment 5plus
$336.7K
$294.6K – $392.8K
NOI $23,567 @ 7.0% cap · market cap 6.73%
Theoretical Best
Office A
$992.2K
$868.2K – $1.16M
NOI $69,455 @ 7.0% cap · market cap 19.84%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
62
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
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Quadplex - Each residence offers two bedrooms, a full bath, and washer/dryer hookups.
Where is this quadplex located?
The property is located at 241 N Northview Circle 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 residences, each with two bedrooms and one full bath; 3,024 square feet on a 0.79‑acre parcel; Brick construction; built in 1975
