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13-Unit Apartment Complex
New
For Sale
$800,000

1908 Colonial Lane, Cape Girardeau, MO 63701

Residential Income, Cape Girardeau, MO

Property Size10,311 SF
Lot Size0.80 Acres
Price / SF$77.59
Days on Market4

Property Features for 1908 Colonial Lane

General Information

Property type Residential Multi Family
Property subtype Other
Subdivision Ashland Hills Estates Second Subdivision
Elementary school Alma Schrader Elem.
Middle school Central Jr. High
High school Central High
Elementary school district Cape Girardeau 63
Middle school district Cape Girardeau 63
High school district Cape Girardeau 63
Standard status Active
APN 15-620-00-12-00700-0000
Size 10,311 SF
Lot size 0.80 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 3760

Utilities

Cooling system Central Air

Building Details

Year built 1969
Building materials Brick
Architectural style Other
Buildings 3
Listing Agency: SOTO Property Solutions
Listed By: Tiffany Barr
Added: Oct 26 Changed: Oct 27 Last Checked: Oct 29 at 6:06AM
MLS# 26068280

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.

Rey
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Investment Insights

Based on property information with market context.

The apartment property comprises three brick buildings with 13 total units. The buildings contain 10,311 square feet and sit on a 0.8-acre parcel. Central air is installed, and the property was built in 1969.

Located at 1908 Colonial Lane in Cape Girardeau, the complex brings all three buildings together at one address.

Key Highlights

  • 13 units across 3 buildings
  • 10,311 square feet on 0.8 acres
  • Brick construction with central air

Property Analytics

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Lease Details

13
Residential units

Location Intelligence

Trade Area within ½ mile

66
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Three brick buildings provide a multi-unit residential rental configuration in one location.
Where is this apartment building located?
The property is located at 1908 Colonial Lane Cape Girardeau, MO.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: 13 units across 3 buildings; 10,311 square feet on 0.8 acres; Brick construction with central air
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