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Three-Unit Multifamily Building
For Sale
$245,000
Pending

510 Washington Ave, Cape Girardeau, MO 63701

Occupied multifamily property with updated systems and a larger upper-level unit with finished attic space.

Property Size3,300 SF
Days on Market51

Property Features for 510 Washington Ave

General Information

Standard status Pending
Size 3,300 SF
Property subtype Residential Income
Occupancy 100%

Units

Unit Mix 2 x single bedroom, 1 x 4 bedroom
Multifamily Units 3

Taxes and HOA fees

Annual Taxes $1,385

Building Details

Buildings 1
Listing Agency: 1st Class Real Estate KC
Listed By: Stephen Schott · License #2019013944
Source: Exprealty
Added: Jun 23 Changed: Aug 12 Last Checked: Aug 12 at 5:23AM

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 1st Class Real Estate KC

Investment Insights

Based on property information with market context.

This three-unit multifamily building contains two one-bedroom units and an upper-level four-bedroom unit. The upstairs residence includes a finished attic that adds another bedroom and living area, along with newer flooring, paint, and HVAC. The property offers 3,300 square feet of building area, while the other two units have HVAC systems that are only a few years old.

Building improvements include a roof that is 3-5 years old, plus updated or newer electrical and plumbing systems. All units are currently occupied, and showings require 24-hour notice. The property is located at 510 Washington Ave in Cape Girardeau, MO.

Key Highlights

  • Three‑unit multifamily building with 3,300 square feet
  • Two one‑bedroom units plus an upstairs four‑bedroom unit
  • Finished attic adds one bedroom and additional living area

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Dental Office Skin Care Clinic (Bike/Boat/Book/etc) Store Electrical Service HVAC Service Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

1,050
Businesses Nearby

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

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - Occupied multifamily property with updated systems and a larger upper-level unit with finished attic space.
Where is this triplex located?
The property is located at 510 Washington Ave Cape Girardeau, MO.
What is the asking price?
The asking price for this property is $245,000.
What are key features of this property?
This property features: Three‑unit multifamily building with 3,300 square feet; Two one‑bedroom units plus an upstairs four‑bedroom unit; Finished attic adds one bedroom and additional living area
More about this property
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