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    Ranch Duplex Investment Property Title is generated by Realmo AI

    387/389 W Deerwood Drive, Jackson, MO 63755

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    Claim this Listing
    Pending
    $400,000

    MULTI_FAMILY - Ranch - Jackson, MO

    Type:Single Family Residence
    Property size:
    2,884 SF
    Lot size:
    0.50 Acres
    Added:
    May 26, 2026
    Days on Market:
    39
    Last Refresh:
    Jul 3 at 7:06 pm

    Property Features for 387/389 W Deerwood Drive

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Single Family Residence
    Bedrooms
    5
    Bathrooms
    5
    Rooms
    Bathroom 2, Bathroom 1, Bedroom 5, Bedroom 1, Bathroom 5, Bathroom 4, Bedroom 4, Bathroom 3, Dining Room, Bedroom 3, Bedroom 2
    Parking features
    Open, Garage
    Patio and Porch features
    Patio
    Interior features
    Breakfast Bar, Ceiling Fan(s), Custom Cabinetry, Eat-in Kitchen, Entrance Foyer, High Ceilings, High Speed Internet, Kitchen/Dining Room Combo, Walk-In Closet(s)
    Fireplace
    1
    Appliances
    Dishwasher, Disposal, Microwave, Electric Oven, Electric Range, Refrigerator, Washer/Dryer
    Standard status
    Pending
    APN
    14-308-00-02-01500-0000
    Size
    2,884 SF
    Lot size
    0.50 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    3143

    Utilities

    Utilities
    Phone Available
    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air, Ceiling Fan(s)
    Water source
    Public

    Building Details

    Year built
    2011
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Carpet, Tile - Ceramic
    Building materials
    Brick
    Roof type
    Shingle
    Architectural style
    Ranch

    We can help!

    Contact an agent
    Tara Elfrink
    Tara Elfrink

    Listing agent Tara Elfrink License #2009007705

    Listing office EDGE Realty, ERA Powered 125 E. Main Street Suite A, Cape Girardeau, MO

    Listing date May 26, 2026

    MLS# 26030199 Listing URL

    Copyright © 2026 Mid America Regional Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Ranch home built in 2011 with brick construction and a shingle roof
    • Central air conditioning plus forced‑air natural gas heating for year‑round comfort
    • Kitchen with eat‑in area, breakfast bar, and custom cabinetry
    • Included appliances: dishwasher, microwave, electric oven/range, and refrigerator; washer/dryer included
    • Living features include high ceilings, an entrance foyer, and a fireplace
    • Parking includes a garage and open parking; also features a patio and walk‑in closets

    Overview

    This for-sale duplex consists of two residential units within a ranch-style property configuration, offered as a single investment package. The property’s listed size is 2,884 square feet, sitting on a 0.502-acre lot.

    The duplex is located at 387/389 W Deerwood Drive in Jackson, Missouri 63755, within Cape Girardeau County. The offering is presented for buyers seeking a straightforward two-unit residential income property.

    For tenants or owner-operators, the two separate units can support an income-focused rental strategy while keeping the overall asset as a compact duplex format rather than a larger multifamily building. For buyers, this ranch duplex presents an opportunity to acquire a manageable residential income asset in Jackson, with lot size and total building size provided for underwriting and planning.

    Local Financial Insights For Multifamily LT 5

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $35.3k $12.24
    − Vacancy −$2.3k −$0.81
    EGI $33.0k $11.43
    − OpEx −$9.9k −$3.43
    NOI $23.1k $8.00
    2,884 SF · lease $12.24/SF/yr · vacancy 6.65% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $329.5K
    $288.3K – $384.5K (±1% cap)
    NOI $23,067 @ 7.0% cap · market cap 5.77%
    Second Best
    Apartment 5plus
    $303.5K
    $265.5K – $354.0K (±1% cap)
    NOI $21,242 @ 7.0% cap · market cap 5.31%
    Theoretical Best
    Office A
    $909.8K
    $796.1K – $1.06M (±1% cap)
    NOI $63,689 @ 7.0% cap · market cap 15.92%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Law Firm Auto Repair Shop Hotel & Motel Auto Parts Store Dental Office Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Jackson
    County
    Cape Girardeau
    State
    Missouri
    Longitude
    -89.662014
    Latitude
    37.401531

    FAQs

    What type of property is this?
    Duplex - Two-unit ranch duplex offered for sale in Jackson, Missouri.
    Where is this duplex located?
    The property is located at 387/389 W Deerwood Drive Jackson, MO.
    What is the asking price?
    The asking price for this property is $400,000.
    What are key features of this property?
    This property features: Ranch home built in 2011 with brick construction and a shingle roof; Central air conditioning plus forced‑air natural gas heating for year‑round comfort; Kitchen with eat‑in area, breakfast bar, and custom cabinetry
    More about this property
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