Three-Unit Residential
New
For Sale
$199,900
2605 2607 Themis St, Cape Girardeau, MO 63701
Two units are occupied, and a separate apartment sits above the detached garage.
Property Size1,736 SF
Price / SF$115.15
Days on Market3
Property Features for 2605 2607 Themis St
General Information
Standard status
Active
Size
1,736 SF
Property subtype
Multi-Family
Property Condition
Severity
Repairs Needed
Evidence
will need some TLC
Additional Details
Multifamily Units
3
Tenant in Place
Yes
Building Details
Year Built
1973
Listing Agency:
Edge Realty, Era Powered
Listed By:
Think Team Dillick
(573) 240-8429
Source:
Thinkteamdillick
Added: Oct 24
Changed: Oct 26
Last Checked: Oct 24 at 3:20PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Edge Realty, Era Powered
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Investment Insights
Based on property information with market context.
The property comprises a duplex and a third residential unit above a detached garage. Each duplex residence has 868 square feet of finished space, two bedrooms, one bathroom, and a dedicated laundry room. The building dates to 1973, and the property is being sold as-is with work needed.
Key Highlights
- Three separate residential units, including one above a detached garage
- Each duplex unit has 868 square feet, 2 bedrooms, 1 bathroom, and its own laundry room
- Two units are 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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Property Analytics
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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 units are occupied, and a separate apartment sits above the detached garage.
Where is this triplex located?
The property is located at 2605 2607 Themis St 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 its own laundry room; Two units are occupied
