Updated
For Sale
$239,900
3-5 Henderson, Cape Girardeau, MO 63701
Each residence has three bedrooms, a living room, dining area, kitchen, and full bath.
Property Size2,016 SF
Price / SF$118
Days on Market91
Property Features for 3-5 Henderson
General Information
Standard status
Active
Size
2,016 SF
Total Parking Spaces
2
Property subtype
Residential Income
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Additional Details
Average Monthly Rent
$1,350
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$511
Building Details
Building Size
2,016 SF
Year Built
1946
Listing Agency:
Cathlee's Real Estate
(573) 860-4400
Listed By:
Chase Zancauske · License #2011005814
(573) 604-0085
Source:
Cathlees
Added: Jul 28
Changed: Oct 26
Last Checked: Oct 26 at 3:38AM
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 Cathlee's Real Estate
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Investment Insights
Based on property information with market context.
This Cape Girardeau duplex contains 2,016 square feet and was built in 1946. Both residences have been updated and feature three bedrooms, a living room, a dining area, a kitchen, and one full bathroom.
The property is located at 3-5 Henderson in Cape Girardeau, Missouri.
The property is located at 3-5 Henderson in Cape Girardeau, Missouri.
Key Highlights
- Two updated residences, each with three bedrooms
- Each side includes a living room, dining area, kitchen, and one full bath
- 2,016 square feet; built in 1946
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,124
Cap Rate
6.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$322,480
$322.5K
Cap Rate 7%
$230,343
$230.3K
Cap Rate 9%
$179,156
$179.2K
Market Conditions
NOI Build-Up for 2,016 SF
Gross rent
$24.7K $12.24/SF
− Vacancy
−$1.6K −$0.81/SF
EGI
$23.0K $11.43/SF
− OpEx
−$6.9K −$3.43/SF
NOI
$16.1K $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%
$322,480
Cap Rate 7%
$230,343
Cap Rate 9%
$179,156
Alternative Uses
Best Use
Multifamily LT 5
$230.3K
$201.6K – $268.7K
NOI $16,124 @ 7.0% cap · market cap 6.72%
Second Best
Apartment 5plus
$212.1K
$185.6K – $247.5K
NOI $14,849 @ 7.0% cap · market cap 6.19%
Theoretical Best
Office A
$636.0K
$556.5K – $742.0K
NOI $44,521 @ 7.0% cap · market cap 18.56%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,029
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has three bedrooms, a living room, dining area, kitchen, and full bath.
Where is this duplex located?
The property is located at 3-5 Henderson Cape Girardeau, MO.
What is the asking price?
The asking price for this property is $239,900.
What are key features of this property?
This property features: Two updated residences, each with three bedrooms; Each side includes a living room, dining area, kitchen, and one full bath; 2,016 square feet; built in 1946
