Nine-Unit Apartment
239 N Middle Street, Cape Girardeau, MO 63701
For Sale
$549,900
Residential Income, Cape Girardeau, MO
Property Size5,943 SF
Lot Size0.20 Acres
Price / SF$92.53
Days on Market95
Property Features for 239 N Middle Street
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Appliances
Subdivision
Lot features
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Utilities
Heating system
Cooling system
Water source
Building Details
Year built
Number of units
Building materials
Architectural style
Listing Agency:
Century 21 Ashland Realty · Century 21 Real Estate
(573) 334-2121
Listed By:
Jane Clark
(573) 270-0250
Added: Aug 7
Changed: Sep 28
Last Checked: Nov 9 at 8:06AM
MLS# 26050825
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 5,943-square-foot apartment building contains nine units within a brick structure built in 1904. The unit mix includes four one-bedroom, one-bath units, a studio, a two-bedroom, one-bath unit, a three-bedroom, 1.5-bath unit, and a two-bedroom, two-bath unit with a bonus room. The property includes a parking lot on a 0.2-acre parcel.
Located at 239 N Middle Street in Cape Girardeau, the property is described as being only minutes from SEMO State University. Building systems include electric baseboard and electric heating, window-unit cooling, an electric water heater, public water, and cable availability.
Located at 239 N Middle Street in Cape Girardeau, the property is described as being only minutes from SEMO State University. Building systems include electric baseboard and electric heating, window-unit cooling, an electric water heater, public water, and cable availability.
Key Highlights
- Nine apartment units with varied layouts
- 5,943 square feet on a 0.2‑acre parcel
- Brick construction completed in 1904
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,774
Cap Rate
7.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$875,480
$875.5K
Cap Rate 7%
$625,343
$625.3K
Cap Rate 9%
$486,378
$486.4K
Market Conditions
NOI Build-Up for 5,943 SF
Gross rent
$85.6K $14.40/SF
− Vacancy
−$6.0K −$1.01/SF
EGI
$79.6K $13.39/SF
− OpEx
−$35.8K −$6.03/SF
NOI
$43.8K $7.37/SF
Area
Cape Girardeau County, MO
Vacancy
7.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$875,480
Cap Rate 7%
$625,343
Cap Rate 9%
$486,378
Alternative Uses
Best Use
Apartment 5plus
$625.3K
$547.2K – $729.6K
NOI $43,774 @ 7.0% cap · market cap 7.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.87M
$1.64M – $2.19M
NOI $131,243 @ 7.0% cap · market cap 23.87%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
9
Residential units
Location Intelligence
Trade Area within ½ mile
1,106
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Brick multifamily property with varied unit layouts and off-street parking near SEMO State University.
Where is this apartment building located?
The property is located at 239 N Middle Street Cape Girardeau, MO.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: Nine apartment units with varied layouts; 5,943 square feet on a 0.2‑acre parcel; Brick construction completed in 1904
