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    232 Market St Memphis, MO 63555

    For Sale
    $212,000

    Six-unit income property, prime location.

    Property size:
    6,120 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional multi-unit investment opportunity in Memphis, Missouri presents a 6,120 square foot brick building situated on a 0.11-acre lot at 232 S Market St, just one block south of the town square. The property, currently operating as a six-unit apartment complex, is HUD-approved, offering a strong foundation for immediate income generation. The building boasts six apartments

    Property Features for 232 Market St

    General Information

    Property type
    Multifamily properties
    Square Feet
    6,120 SF
    Lot Size
    4,792 SF

    HighLights

    • Exceptional six‑unit apartment complex in Memphis, MO, offering immediate income generation.
    • HUD‑approved property with strong rental history.
    • 6,120 square foot brick building on a 0.11‑acre lot.
    • Located one block south of the town square at 232 S Market St.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Scotland
    State
    Missouri
    Longitude
    -92.1690695
    Latitude
    40.4567802

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    FAQs

    What type of property is this?
    Multifamily property - Six-unit income property, prime location.
    Where is this multifamily property located?
    The property is located at 232 Market St Memphis, MO.
    What is the asking price?
    The asking price for this property is $212,000.
    What are key features of this property?
    This property features: Exceptional six-unit apartment complex in Memphis, MO, offering immediate income generation.; HUD-approved property with strong rental history.; 6,120 square foot brick building on a 0.11-acre lot.
    Request Owner's contact information
    232 Market St Memphis, MO 63555
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    Memphis, MO 63555
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    232 Market St Memphis, MO 63555
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