Three-Unit Property with Detached
New
For Sale
$199,900
2605 2607 Themis Street, Cape Girardeau, MO 63701
Residential Income, Cape Girardeau, MO
Property Size1,736 SF
Lot Size0.20 Acres
Price / SF$115.15
Days on Market3
Property Features for 2605 2607 Themis Street
General Information
Property type
Residential Multi Family
Property subtype
Single Family Residence
Bedrooms
2
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1, Bedroom 2, Bedroom 1, Basement
Patio and Porch features
Deck
Basement
Partial, Unfinished
Appliances
Dishwasher, Electric Range, Refrigerator
Subdivision
Crites 3rd
Lot features
Corner Lot
Elementary school
Clippard 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
15-919-00-12-01401-0000
Size
1,736 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
1026
Utilities
Cooling system
Central Air
Amenities
laundry room
Building Details
Year built
1973
Flooring type
Tile - Ceramic, Carpet
Building materials
Brick, Vinyl Siding
Architectural style
Ranch
Listing Agency:
Ritter Real Estate
(573) 803-3880
Listed By:
Danielle Boyer
(573) 579-7340
Added: Oct 22
Changed: Oct 23
Last Checked: Oct 24 at 5:06PM
MLS# 26067979
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.
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Investment Insights
Based on property information with market context.
The property contains a two-unit duplex and a separate residential unit above a detached garage. Each duplex unit has 868 square feet of finished space, two bedrooms, one bathroom, and its own laundry room. Two units are occupied. The property is being sold as-is and needs some work. The 0.2-acre parcel is in Cape Girardeau, Missouri.
Key Highlights
- Three separate residential units, including one above a detached garage
- Each duplex unit has 868 square feet, 2 bedrooms, 1 bathroom, and a private laundry room
- Two units are currently occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,885
Cap Rate
6.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$277,700
$277.7K
Cap Rate 7%
$198,357
$198.4K
Cap Rate 9%
$154,278
$154.3K
Market Conditions
NOI Build-Up for 1,736 SF
Gross rent
$21.2K $12.24/SF
− Vacancy
−$1.4K −$0.81/SF
EGI
$19.8K $11.43/SF
− OpEx
−$6.0K −$3.43/SF
NOI
$13.9K $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 Rate 5%
$277,700
Cap Rate 7%
$198,357
Cap Rate 9%
$154,278
Alternative Uses
Best Use
Multifamily LT 5
$198.4K
$173.6K – $231.4K
NOI $13,885 @ 7.0% cap · market cap 6.95%
Second Best
Apartment 5plus
$182.7K
$159.8K – $213.1K
NOI $12,787 @ 7.0% cap · market cap 6.40%
Theoretical Best
Office A
$547.7K
$479.2K – $639.0K
NOI $38,337 @ 7.0% cap · market cap 19.18%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,387
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Triplex - Two of the three units are occupied, and the property is offered in as-is condition.
Where is this triplex located?
The property is located at 2605 2607 Themis Street Cape Girardeau, MO.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Three separate residential units, including one above a detached garage; Each duplex unit has 868 square feet, 2 bedrooms, 1 bathroom, and a private laundry room; Two units are currently occupied
