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Murphysboro, IL Apartment Buildings for Sale

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Murphysboro Multifamily Portfolio Investment Opportunity
Updated: Mar 5
Murphysboro Multifamily Portfolio Investment Opportunity

153 Youngman Rd, Murphysboro, IL 62966

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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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Based on your search, we've compiled 9 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

Opportunities in Nearby Cities

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

Brick Apartment Building
Brick Apartment Building

239 N Middle Street, Cape Girardeau, MO 63701

$549,900
5,943 sqft 0.20 AC lot

Multifamily property with off-street parking near SEMO State University.

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6-Unit Historic Apartment Building
6-Unit Historic Apartment Building

209 N SPRINGER Street, Carbondale, IL 62901

$166,900
0.24 AC lot

Historic stone apartment building with six fully leased units and composition roofing, built in 1900.

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Five-Unit Multifamily with Detached Carriage House
Five-Unit Multifamily with Detached Carriage House

709 North St, Cape Girardeau, MO 63701

$125,000
3,137 sqft

Five-unit multifamily with separately metered utilities, including a detached carriage house; roof repair is needed.

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Historic Six-Unit Apartment Building
Historic Six-Unit Apartment Building

209 N SPRINGER Street, Carbondale, IL 62901

$166,900

Preserved residential property with fully leased units near Memorial Hospital of Carbondale.

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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
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2202 Illinois Ave
Multifamily properties

2202 Illinois Ave, Murphysboro, IL 62966

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

714 23Rd St, Murphysboro, IL 62966

Value Estimation by Request
1,800 sqft
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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.

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Demographics Overview

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

Taxes & Financing

Average Loan-to-Value 65.0%

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