Tenant-Occupied Duplex with Two
For Sale
$252,000
616 Greensferry Road, Jackson, MO 63755
Tenant-occupied duplex with two kitchens and a detached garage.
Property Size2,613 SF
Days on Market38
Property Features for 616 Greensferry Road
General Information
Standard status
Active
Size
2,613 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$956
Building Details
Building Size
2,613 SF
Year Built
1920
Stories
2
Listing Agency:
SMG Realty
(573) 382-1973
Listed By:
Rylan Martin
(573) 382-1973
Source:
Century21laclede
Added: Jul 15
Changed: Aug 18
Last Checked: Aug 20 at 2:24PM
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 SMG Realty
Investment Insights
Based on property information with market context.
This tenant-occupied duplex at 616 Greensferry Road includes 4 bedrooms and 3 bathrooms, with two kitchens and two washer/dryer setups supporting its divided residential layout. Updated flooring and electrical work are also noted throughout the property. Built in 1920, the home includes a detached two-car garage with additional space that can be used for storage, recreation, or a workshop.
The property is in Jackson, near schools, parks, Uptown Jackson, shopping, and other local amenities. More than 10 months remain on the current lease, providing an existing occupancy arrangement for the next owner.
The property is in Jackson, near schools, parks, Uptown Jackson, shopping, and other local amenities. More than 10 months remain on the current lease, providing an existing occupancy arrangement for the next owner.
Key Highlights
- Duplex with 4 bedrooms and 3 bathrooms
- Two kitchens and two washer/dryer setups
- Updated flooring and electrical work throughout
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$20,899
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.29%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$417,980
$418.0K
Cap Rate 7%
$298,557
$298.6K
Cap Rate 9%
$232,211
$232.2K
Market Conditions
NOI Build-Up for 2,613 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$32.0K $12.24/SF
− Vacancy
−$2.1K −$0.81/SF
EGI
$29.9K $11.43/SF
− OpEx
−$9.0K −$3.43/SF
NOI
$20.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$417,980
Cap Rate 7%
$298,557
Cap Rate 9%
$232,211
Alternative Uses
Best Use
Multifamily LT 5
$298.6K
$261.2K – $348.3K
NOI $20,899 @ 7.0% cap · market cap 8.29%
Second Best
Apartment 5plus
$274.9K
$240.6K – $320.8K
NOI $19,246 @ 7.0% cap · market cap 7.64%
Theoretical Best
Office A
$824.3K
$721.3K – $961.7K
NOI $57,704 @ 7.0% cap · market cap 22.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
187
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Tenant-occupied duplex with two kitchens and a detached garage.
Where is this duplex located?
The property is located at 616 Greensferry Road Jackson, MO.
What is the asking price?
The asking price for this property is $252,000.
What are key features of this property?
This property features: Duplex with 4 bedrooms and 3 bathrooms; Two kitchens and two washer/dryer setups; Updated flooring and electrical work throughout
