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Duplex with Short-Term Rental Unit
For Sale
$220,000

820 Merriwether St, Cape Girardeau, MO 63703

The property combines an operating upper-level short-term rental with an unrented lower unit.

Property Size2,858 SF
Price / SF$76.98
Days on Market27

Property Features for 820 Merriwether St

General Information

Standard status Active
Size 2,858 SF
Property subtype Residential Income

Additional Details

Multifamily Units 2

Taxes and HOA fees

Annual Taxes $221
Listing Agency: Salient Realty Group, LLC
Listed By: Matt Millslagle · License #2024031548
Source: Exprealty
Added: Aug 27 Changed: Sep 19 Last Checked: Sep 21 at 1:40PM

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 Salient Realty Group, LLC

Investment Insights

Based on property information with market context.

This duplex offers 2,858 square feet across two residential units, with a total of 7 bedrooms and 2 bathrooms. The lower-level unit is currently unrented, while the upper floor is being used as an Airbnb, giving the property distinct current-use configurations.

Located in Cape Girardeau, Missouri, the property is within a short drive of Southeast Missouri State University.

Key Highlights

  • 2,858‑square‑foot duplex
  • 7 bedrooms and 2 bathrooms
  • Lower‑level unit is currently unrented

Property Analytics

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Current Use

LG Rental Properties, ... Property Management Company

Suggested Use

Top Pick HVAC Service (Bike/Boat/Book/etc) Store Skin Care Clinic Locksmith Acupuncture Electrical Service

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

2
Residential units

Location Intelligence

Trade Area within ½ mile

1,162
Businesses Nearby

Demographics for 63703, MO

8,599
Population
4,182
Households
2.1
Avg Household Size
37
Median Age
22%
College-Educated
86%
High-School Grad
12.9 sq mi
ZIP Area
667
Density / Sq Mi
$36,909
Median Household Income
$28,121
Median Earnings
$843
Median Rent
$127,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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?
Duplex - The property combines an operating upper-level short-term rental with an unrented lower unit.
Where is this duplex located?
The property is located at 820 Merriwether St Cape Girardeau, MO.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: 2,858‑square‑foot duplex; 7 bedrooms and 2 bathrooms; Lower‑level unit is currently unrented
More about this property
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