Building Details

Year Built 1985

Buildings 4

Construction brick

Listing Agency: Landmark Realty

Listed By: Strait Realty Show Phone

Source: Straitrealty

Added: Aug 30 Changed: Oct 15 Last Checked: Oct 14 at 11:07PM

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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 Landmark Realty

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Investment Insights

Based on property information with market context.

This multifamily portfolio includes four brick quadplex buildings at 609 W. Adams, 113 S. Union, 606 W. Adams, and 612 W. Adams in Jackson, Missouri. Unit configurations include two-bedroom, one-bath residences and one-bedroom, one-bath residences. Features vary by building and include electric ranges, refrigerators, washer-dryer hookups, central heat and air, window AC, and lower-level coin-operated laundry.

The 113 S. Union property includes five covered parking spaces. Recent mechanical updates include a replaced HVAC system, new furnace, and air handler at 609 W. Adams, along with new boilers at 113 S. Union, 606 W. Adams, and 612 W. Adams. The coin-operated washer and dryer at 612 W. Adams are one year old.

Key Highlights

• Four brick quadplex buildings at 609 W. Adams, 113 S. Union, 606 W. Adams, and 612 W. Adams
• Unit layouts include two‑bedroom, one‑bath and one‑bedroom, one‑bath residences
• Five covered parking spaces at 113 S. Union

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$28,506

Cap Rate

3.19%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$570,120 $570.1K

Cap Rate 7%

$407,229 $407.2K

Cap Rate 9%

$316,733 $316.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,564 SF

Gross rent

$43.6K $12.24/SF

− Vacancy

−$2.9K −$0.81/SF

EGI

$40.7K $11.43/SF

− OpEx

−$12.2K −$3.43/SF

NOI

$28.5K $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%

$570,120

Cap Rate 7%

$407,229

Cap Rate 9%

$316,733

Alternative Uses

Best Use

Multifamily LT 5

$407.2K

$356.3K – $475.1K (±1% cap)

NOI $28,506 @ 7.0% cap · market cap 3.19%

Second Best

Apartment 5plus

$375.0K

$328.1K – $437.5K (±1% cap)

NOI $26,251 @ 7.0% cap · market cap 2.93%

Theoretical Best

Office A

$1.12M

$983.8K – $1.31M (±1% cap)

NOI $78,706 @ 7.0% cap · market cap 8.79%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Law Firm Spa & Massage Center Nail Salon Skin Care Clinic Real Estate Agency Auto Parts 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.

Location Intelligence

Trade Area within ½ mile

463

Businesses Nearby

Explore this area Business Placement

Demographics for 63755, MO

27,496

Population

10,867

Households

2.5

Avg Household Size

39

Median Age

35%

College-Educated

95%

High-School Grad

177.1 sq mi

ZIP Area

155

Density / Sq Mi

$82,841

Median Household Income

$41,876

Median Earnings

$977

Median Rent

$233,400

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?

Quadplex - Brick multifamily buildings offer varied unit layouts, laundry facilities, appliances, and covered parking across four Jackson properties.

Where is this quadplex located?

The property is located at 609 W Adams St #1-4 Jackson, MO.

What is the asking price?

The asking price for this property is $895,000.

What are key features of this property?

This property features: Four brick quadplex buildings at 609 W. Adams, 113 S. Union, 606 W. Adams, and 612 W. Adams; Unit layouts include two‑bedroom, one‑bath and one‑bedroom, one‑bath residences; Five covered parking spaces at 113 S. Union