Two-Unit Duplex with
119/121 Summerfield Way, Cape Girardeau, MO 63701
For Sale
New
$700,000
Both residences are leased and include private fenced yard areas and attached garage parking.
Property Size3,041 SF
Price / SF$134.67
Days on Market2
Property Features for 119/121 Summerfield Way
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Occupancy
Units
Multifamily Units
Parking per Unit
Additional Details
Asking Price
Highway Access
Tenant in Place
Amenities
hardwood flooring
Beussink cabinetry
open-concept living and kitchen area
laundry/mudroom
utility sink
storage
fenced backyard
9 ft + Pour,Bathroom,Concrete,Daylight,Daylight/Lookout,Partially Finished,Sleeping Area,Storage Space,Walk-Out Access
Hardwood
No
Yes
Assessor
3041
2157
Back Yard
Back Yard,Interior Lot
Public
0.321
Public Records
Building Details
Building Size
Year Built
Tenancy
Listing Agency:
(636) 275-1178
Listed By:
Ashley Hampton
Source:
Scotthickinbotham
Added: Nov 8
Changed: Nov 9
Last Checked: Nov 9 at 1:16AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Ashley Hampton
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Investment Insights
Based on property information with market context.
This 2013 duplex contains two residences totaling 5,198 square feet. Each unit has an open living and kitchen area, hardwood flooring, cabinetry, and a laundry/mudroom with a utility sink and storage. The lower level includes a bedroom and bathroom, plus unfinished storage. Each residence also has an attached two-car garage and a separate fenced backyard area.
The property is a short drive from I-55 at the LaSalle exit, with access to hospitals, universities, schools, shopping, and dining in Cape Girardeau. Both units are currently occupied.
The property is a short drive from I-55 at the LaSalle exit, with access to hospitals, universities, schools, shopping, and dining in Cape Girardeau. Both units are currently occupied.
Key Highlights
- Two‑unit duplex built in 2013; 5,198 square feet total
- Both residences are occupied
- Each unit has an attached 2‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,575
Cap Rate
5.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$831,500
$831.5K
Cap Rate 7%
$593,929
$593.9K
Cap Rate 9%
$461,944
$461.9K
Market Conditions
NOI Build-Up for 5,198 SF
Gross rent
$63.6K $12.24/SF
− Vacancy
−$4.2K −$0.81/SF
EGI
$59.4K $11.43/SF
− OpEx
−$17.8K −$3.43/SF
NOI
$41.6K $8.00/SF
Area
Cape Girardeau County, MO
Vacancy
6.65%
Lease Rate
$12.24 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$831,500
Cap Rate 7%
$593,929
Cap Rate 9%
$461,944
Alternative Uses
Best Use
Multifamily LT 5
$593.9K
$519.7K – $692.9K
NOI $41,575 @ 7.0% cap · market cap 5.94%
Second Best
Apartment 5plus
$546.9K
$478.6K – $638.1K
NOI $38,286 @ 7.0% cap · market cap 5.47%
Theoretical Best
Office A
$1.64M
$1.43M – $1.91M
NOI $114,791 @ 7.0% cap · market cap 16.40%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
12
Businesses Nearby
Explore this area
Business Placement
Demographics for 63701, MO
39,246
Population
17,834
Households
2.2
Avg Household Size
35
Median Age
39%
College-Educated
94%
High-School Grad
132.7 sq mi
ZIP Area
296
Density / Sq Mi
$67,904
Median Household Income
$32,655
Median Earnings
$863
Median Rent
$209,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are leased and include private fenced yard areas and attached garage parking.
Where is this duplex located?
The property is located at 119/121 Summerfield Way Cape Girardeau, MO.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Two‑unit duplex built in 2013; 5,198 square feet total; Both residences are occupied; Each unit has an attached 2‑car garage
