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    Davis, IL Carbondale, IL Gorham, IL
    Murphysboro Multifamily Portfolio Investment Opportunity
    Updated: Mar 5
    Murphysboro Multifamily Portfolio Investment Opportunity

    153 Youngman Rd, Murphysboro, IL 62966

    $1,190,000
    21,996 sqft
    Immediate value‑add opportunity through loss‑to‑lease turnoff, operational streamlining, and targeted interior upgrades.
    High occupancy rate (94% economic occupancy) and potential to stabilize above a 10% cap rate.
    Below market rents ($694 average vs. $838 market) allowing for significant organic revenue growth.
    Diversified employer base supports strong renter demand.
    Limited new multifamily supply creates a favorable competitive environment.
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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 13 Potential Opportunities for your consideration. Besides 1 Active listings in Murphysboro, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 4 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Multi-Family Apartment Building
    Multi-Family Apartment Building

    239 N Middle Street, Cape Girardeau, MO 63701

    $599,900
    5,943 sqft · 0.23 AC lot

    Nine-unit apartment complex with a private parking lot and unit mix ranging from studios to three-bedroom layouts.

    View details
    Corner Development Site with Office Building
    Corner Development Site with Office Building

    3566-3685 Olivet Church Road, Paducah, KY 42001

    $1,625,000

    Multi-zoned corner site with utilities and an existing office building for development or flexible commercial use.

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    Zoned Commercial Land Parcel
    Zoned Commercial Land Parcel

    2650 Holt Road, Paducah, KY 42001

    $315,000

    Commercially zoned land with all utilities available, suitable for office use, climate-controlled storage, or apartments.

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    12-Unit Apartment Investment
    12-Unit Apartment Investment

    3023 Aspen Drive, Cape Girardeau, MO 63701

    $1,100,000
    11,832 sqft

    Fully occupied 12-unit multifamily property with in-unit laundry in each spacious two-bedroom unit.

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    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Prime Development Land, Springfield MO
    Prime Development Land, Springfield MO

    N West Bypass, Springfield, MO 65802

    $2,850,000
    29.20 AC lot

    29.2 acres of retail-zoned land for mixed-use development.

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    Asheville Development Opportunity: 5.94 Acres
    Asheville Development Opportunity: 5.94 Acres

    215 N Bear Creek Road, Asheville, NC 28806

    $2,500,000
    5.94 AC lot

    5.94-acre parcel zoned RM6, ideal for multi-family development.

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    Greenville Development Opportunity: 1.33 Acres
    Greenville Development Opportunity: 1.33 Acres

    71 Salters Road, Greenville, SC 29607

    $699,900
    1.33 AC lot

    1.33 acre parcel suitable for multi-family development near downtown.

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    Norman Land For Luxury Condos
    Norman Land For Luxury Condos

    801 NW 36th Avenue, Norman, OK 73072

    $285,000
    0.74 AC lot

    Prime Norman land suitable for luxury condos development.

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    Off-Market Properties in Murphysboro, IL

    Consider similar Off-Market properties in Murphysboro, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    602 Mulberry St
    Multifamily properties

    602 Mulberry St, Murphysboro, IL 62966

    Value Estimation by Request
    View details
    2202 Illinois Ave
    Multifamily properties

    2202 Illinois Ave, Murphysboro, IL 62966

    Value Estimation by Request
    2,016 sqft
    View details
    714 23Rd St
    Multifamily properties

    714 23Rd St, Murphysboro, IL 62966

    Value Estimation by Request
    1,800 sqft
    View details
    2034 Illinois Avenue Ext
    Multifamily properties

    2034 Illinois Avenue Ext, Murphysboro, IL 62966

    Value Estimation by Request
    2,016 sqft
    View details

    Murphysboro, IL Apartment Buildings Market Trends and Statistics

    Explore 5 apartment buildings for sale in Murphysboro, IL on our real estate platform. These investment opportunities span a total of 21,996 square feet of properties for sale, with an estimated market value of $1,190,000.

    Sale prices for two-family homes in Murphysboro, IL start at $1,190,000, averaging $1,190,000, and reaching up to $1,190,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 14K
    Population Growth (5Y) -8.3%
    Median Household Income $54,242
    College Educated 32.5%

    High-Yield Neighborhoods for Investment

    Identify Murphysboro submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    62966 $1.2M

    Taxes & Financing

    Average Loan-to-Value 65.0%

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