$3,250,000
26 N Pacific St, Cape Girardeau, MO 63701
Mike Shepherd Invest St. Louis
$3,250,000
26 N Pacific St, Cape Girardeau, MO 63701
Mike Shepherd Invest St. Louis
$579,800 New Construction
123 & 125 Beechwood Ln, Cape Girardeau, MO 63701
Kim Baker Century 21 Ashland Realty
$1,875,000
3 Village Dr, Cape Girardeau, MO 63701
Thomas Halter Southeast Real Estate Services, LLC
$249,900
3 Henderson Ave, Cape Girardeau, MO 63701
Beth McFerron Main Key Realty, LLC
Cape Girardeau, Missouri, located along the Mississippi River about 115 miles south of St. Louis, is a city with a population of around 40,000. Known for its historic downtown and vibrant culture, Cape Girardeau offers a mix of outdoor recreation, entertainment, and amenities typically found in larger cities. The housing market features a variety of styles, including Craftsman homes, bungalows, cottages, and modern subdivisions. The city has five historic districts that require preservation efforts for significant changes. Major employers include St. Francis Medical Center, Mercy Hospital Southeast, and Procter & Gamble. Cape Girardeau boasts 25 parks covering over 600 acres and seven scenic trails, such as the Shawnee Trail and riverfront walk. Popular attractions include Cape Girardeau County Park South, Trail of Tears State Park, Dalhousie Golf Club, and the Show Me Center. The historic Rose Theater hosts plays and musicals, while downtown offers numerous restaurants and antique stores. The West Park Mall is undergoing renovations to add new shops. The Cape Girardeau School District includes highly rated Blanchard Elementary School. Southeast Missouri State University serves about 7,000 undergraduate students. Transportation options include Interstate 55, State Route 74, State Route 177, local bus services, and flights from Cape Girardeau Regional Airport to Chicago. The city experiences a humid subtropical climate, with efforts to manage stormwater pollution due to its impact on the Mississippi River.
On average, homes in Cape Girardeau, MO sell after 58 days on the market compared to the national average of 57 days. The median sale price for homes in Cape Girardeau, MO over the last 12 months is $677,450, up 152% from the median home sale price over the previous 12 months.
In Cape Girardeau, there are currently 4 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes priced between $249,900 to $3,250,000, there's a range to accomodate every budget. As of May, 2026 the median home price in Cape Girardeau is $712,450, while the average sale price is $677,450, offering insights into the local housing market. On average, multi-family homes spend 58 days listed before being sold. Multi-family homes include a variety of property types, from duplexes, triplexes, and fourplexes, to apartment complexes, all within a single building divided to accommodate multiple families living separately. These multi-family properties for sale offer investors the chance to generate rental income. Whether you're considering a duplex for a beginner investment or an apartment complex for a more substantial venture, there are investment properties available to meet your requirements. Explore the range of multi-family homes for sale in Cape Girardeau, MO.