Fully Rented Two-Unit
New
For Sale
$249,900
730/732 N Sunset Blvd, Cape Girardeau, MO 63701
Both residences are occupied near Mercy Hospital, Capaha Park, and Southeast Missouri State University.
Property Size1,911 SF
Price / SF$130.77
Days on Market7
Property Features for 730/732 N Sunset Blvd
General Information
Standard status
Active
Size
1,911 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Building Details
Year Built
1957
Listing Agency:
Integrity Realty Partners
Listed By:
Think Team Dillick
(573) 240-8429
Source:
Thinkteamdillick
Added: Sep 5
Changed: Sep 10
Last Checked: Sep 10 at 5:45AM
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 Integrity Realty Partners
Investment Insights
Based on property information with market context.
Built in 1957, this duplex includes two separately occupied residences, with each side configured with 2 bedrooms and 2 bathrooms. Both units are currently rented, providing an established residential income property with a consistent two-unit layout.
The property is located at 730/732 N Sunset Blvd in Cape Girardeau, just off Broadway. Its position near a dead-end street provides a quieter residential setting while remaining close to Mercy Hospital, Capaha Park, Southeast Missouri State University, shopping, dining, and other everyday amenities. The central setting places the property within minutes of the heart of town.
The property is located at 730/732 N Sunset Blvd in Cape Girardeau, just off Broadway. Its position near a dead-end street provides a quieter residential setting while remaining close to Mercy Hospital, Capaha Park, Southeast Missouri State University, shopping, dining, and other everyday amenities. The central setting places the property within minutes of the heart of town.
Key Highlights
- Two‑unit duplex at 730/732 N Sunset Blvd, Cape Girardeau, MO 63701
- Both units currently occupied and rented
- Each unit includes 2 bedrooms and 2 bathrooms
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
$15,285
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
6.12%
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%
$305,700
$305.7K
Cap Rate 7%
$218,357
$218.4K
Cap Rate 9%
$169,833
$169.8K
Market Conditions
NOI Build-Up for 1,911 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
$23.4K $12.24/SF
− Vacancy
−$1.6K −$0.81/SF
EGI
$21.8K $11.43/SF
− OpEx
−$6.6K −$3.43/SF
NOI
$15.3K $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%
$305,700
Cap Rate 7%
$218,357
Cap Rate 9%
$169,833
Alternative Uses
Best Use
Multifamily LT 5
$218.4K
$191.1K – $254.8K
NOI $15,285 @ 7.0% cap · market cap 6.12%
Second Best
Apartment 5plus
$201.1K
$176.0K – $234.6K
NOI $14,076 @ 7.0% cap · market cap 5.63%
Theoretical Best
Office A
$602.9K
$527.5K – $703.4K
NOI $42,202 @ 7.0% cap · market cap 16.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
836
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Both residences are occupied near Mercy Hospital, Capaha Park, and Southeast Missouri State University.
Where is this duplex located?
The property is located at 730/732 N Sunset Blvd Cape Girardeau, MO.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Two‑unit duplex at 730/732 N Sunset Blvd, Cape Girardeau, MO 63701; Both units currently occupied and rented; Each unit includes 2 bedrooms and 2 bathrooms
