Brick Triplex Near
New
For Sale
$425,000
26 N Pacific Street, Cape Girardeau, MO 63701
Residential Income, Cape Girardeau, MO
Property Size4,236 SF
Lot Size0.50 Acres
Price / SF$100.33
Days on Market3
Property Features for 26 N Pacific Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
10
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Bedroom 9, Bedroom 10, Bedroom 4, Bedroom 3, Bedroom 5, Bedroom 2, Bedroom 8, Bedroom 7, Bathroom 3, Bathroom 1, Bedroom 1, Bedroom 6, Bathroom 2
Subdivision
Range-C
Elementary school
Blanchard 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
Directions
GPS is Best!
Standard status
Active
APN
21-106-00-16-01300-0000
Size
4,236 SF
Lot size
0.50 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
1776
Utilities
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1870
Floors in Building
1
Number of units
3
Building materials
Brick
Listing Agency:
Salient Realty Group, LLC
(314) 374-3687
Listed By:
Matt Millslagle · License #2024031548
(314) 374-3687
Added: Aug 27
Changed: Aug 28
Last Checked: Aug 29 at 7:06AM
MLS# 26055446
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.
Investment Insights
Based on property information with market context.
This triplex is configured as a three-family residential property with 4,236 square feet, 10 bedrooms, and 3.5 bathrooms. Built in 1870, the building features brick construction, forced-air heating, central air conditioning, and public water service. The property occupies 0.5 acres.
The asset is within a short drive of Southeast Missouri State University. It is currently leased, with one unit vacant, providing a three-unit configuration for a residential income buyer.
The asset is within a short drive of Southeast Missouri State University. It is currently leased, with one unit vacant, providing a three-unit configuration for a residential income buyer.
Key Highlights
- Three‑family triplex with 4,236 square feet
- 10 bedrooms and 3.5 bathrooms
- Set on 0.5 acres
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$33,880
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.97%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$677,600
$677.6K
Cap Rate 7%
$484,000
$484.0K
Cap Rate 9%
$376,444
$376.4K
Market Conditions
NOI Build-Up for 4,236 SF
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.
Gross rent
$51.8K $12.24/SF
− Vacancy
−$3.4K −$0.81/SF
EGI
$48.4K $11.43/SF
− OpEx
−$14.5K −$3.43/SF
NOI
$33.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$677,600
Cap Rate 7%
$484,000
Cap Rate 9%
$376,444
Alternative Uses
Best Use
Multifamily LT 5
$484.0K
$423.5K – $564.7K
NOI $33,880 @ 7.0% cap · market cap 7.97%
Second Best
Apartment 5plus
$445.7K
$390.0K – $520.0K
NOI $31,201 @ 7.0% cap · market cap 7.34%
Theoretical Best
Office A
$1.34M
$1.17M – $1.56M
NOI $93,546 @ 7.0% cap · market cap 22.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,135
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Three-family property with brick construction, central air, and public water service.
Where is this triplex located?
The property is located at 26 N Pacific Street Cape Girardeau, MO.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Three‑family triplex with 4,236 square feet; 10 bedrooms and 3.5 bathrooms; Set on 0.5 acres
