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231 Good Hope Street, Cape Girardeau, MO 63703

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For Sale

$429,900

4 beds • 2 baths • 3,215 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Single Family Detached
    Property type

  • Newly Listed
    Time on Century 21

  • 1900
    Year built

  • $133.72
    Price per square foot

Explore this Property

Own a piece of Cape Girardeau history with this beautifully preserved 1900 bungalow overlooking the Mississippi River. Sitting high on Good Hope Street in the Historic Downtown District, this property has been thoughtfully converted into two separate units, each with its own private entrancean ideal setup for house hacking, multi-generational living, or investment.The main-level unit, River Dusk, showcases original character at every turn10 ft ceilings, oversized windows, glass French doors, and the beautifully maintained green-tiled fireplace with a marble hearth. The updated kitchen features granite countertops, custom deep cabinetry, stainless appliances, and a gas range. This level offers 2 bedrooms, 1 bathroom with original tile and a clawfoot tub, a walk-in pantry, laundry room, and a covered front porch with river views.The upper-level unit, River Dawn, has its own private entrance and a bright, inviting layout with refinished Antique Hart Pine floors. This unit includes 2 bedrooms, a large bathroom with a double-sink vanity, soaking tub, and walk-in shower, a modern kitchen with island seating and stainless appliances, private laundry, and a living room with a bay window framing panoramic river and bridge views.The property is currently operated as furnished short-term rentals, and all furnishings are includedcreating a true turnkey opportunity for the next owner. At the list price of $429,900, the property produces a 7.27% cap rate, offering strong cash-flow potential in a highly desirable downtown location.Both units share a fully fenced backyard and enjoy the walkability of Historic Downtown Capelocal shops, dining, the riverfront, and the Saturday farmers market are just a short stroll away.Whether youd like to live in one unit and rent the other, continue operating successful furnished rentals, or explore long-term leasing options, this property offers flexibility, historic character, and unmatched views rarely found in Cape Girardeau.
MLS# 25078287

Listed By CENTURY 21 Ashland Realty

Property Features

  • Age
    Over 50 Years Old
  • Appliances
    Dishwasher, Microwave, Range / Oven, Refrigerator
  • Basement
    Unfinished
  • Cooling
    Central A/C
  • Exterior Description
    Brick
  • Exterior Living Space
    Porch
  • Fencing
    Partially Fenced, Privacy Fence
  • Fireplace Count
    1 Fireplace
  • Flooring
    Hardwood, Mixed, Tile, Wall to Wall Carpet
  • Garage Description
    No Garage
  • General
    Ceiling Fan(s)
  • Heating - Fuel Type
    Gas
  • Heating Type
    Forced Air
  • Kitchen Features
    Granite Countertops, Center Island
  • Lot Description
    Corner
  • Lot Size
    Under 1/2 Acre
  • Road Type
    City / Town Street
  • Roof
    Asphalt Shingle Roof
  • Sewer
    Public
  • Style
    Craftsman
  • Water
    City Water

Home seller Meet the Agent,
Amber Kimbrell

Get to know the neighborhood. A local affiliated CENTURY 21 agent will help you set up tours, give advice, and negotiate with sellers.

Amber Kimbrell

of CENTURY 21 Ashland Realty

(573) 570-4686
Learn More About Me

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Monthly Payment Breakdown

  • Principle and Interest
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  • Property Taxes
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  • Hazard Insurance
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  • Private Mortgage Insurance
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  • HOA Dues
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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.