239 N Middle Street, Cape Girardeau, MO 63701
- Added:
- Sep 24, 2025
- Days on Market:
- 286
- Last Refresh:
- Jul 6 at 7:06 am
Property Features for 239 N Middle Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Rooms
- Bedroom 5, Bedroom 3, Bedroom 4, Bathroom 4, Bathroom 1, Bathroom 2, Bedroom 2, Bathroom 3, Bedroom 6, Bedroom 1, Bathroom 5
- Parking features
- Open, Parking Lot
- Appliances
- Electric Water Heater
- Standard status
- Pending
- APN
- 21-107-00-07-00100-0000
- Size
- 5,943 SF
- Lot size
- 0.23 Acres
Taxes and HOA fees
- Tax Year
- 2023
- Tax Description
- E 1/2 Lot 22 Range E
- Tax Annual Amount
- 969
Utilities
- Sewer type
- Public Sewer
- Heating system
- Baseboard, Electric (Heating)
- Cooling system
- Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1904
- Number of units
- 9
- Building materials
- Brick
- Architectural style
- Other
Listing agent Jacob Fish License #2010013545 (573) 335-8111
Listing office Edge Realty 2511 Independence Suite 100, Cape Girardeau, MO (573) 335-8111
Listing date Sep 24, 2025
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
- Apartment complex built in 1904 with brick construction
- Total of 9 existing units with potential to add a tenth unit
- Unit mix includes four 1 bed/1 bath units, one studio, one 2 bed/1 bath, one 3 bed/1.5 bath, and one 2 bed/2 bath unit with a bonus room
- Public utilities: public water and public sewer
- Electric baseboard heating with electric water heater
- Window unit A/C and private open parking lot
Overview
The property is located at 239 N Middle Street in Cape Girardeau, Missouri. Public remarks note the building is positioned between Southeast Missouri State University (SEMO) and downtown Cape Girardeau. A private parking lot is available on-site for tenant convenience.
For investors or operators seeking a manageable, small-scale income property, the existing unit variety may support multiple tenant preferences, from studio through three-bedroom households. The remarks also indicate the possibility of adding a tenth unit, making the property worth reviewing for configuration and feasibility. Prospective buyers should verify unit details, parking access, and the practicality of any additional unit work during due diligence.
Local Financial Insights For Apartment 5plus
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 | $85.6k | $14.40 |
| − Vacancy | −$6.0k | −$1.01 |
| EGI | $79.6k | $13.39 |
| − OpEx | −$35.8k | −$6.03 |
| NOI | $43.8k | $7.37 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Cape Girardeau
- County
- Cape Girardeau
- State
- Missouri
- Longitude
- -89.52375
- Latitude
- 37.307643
