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$450,000 Sale Pending
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Property Description
In the heart of downtown and just steps from dining, shopping, and campus life, this fully renovated 11-bedroom property offers a rare combination of size, location, and versatility. Formerly a medical facility, this solid, slab-built structure was completely transformed in 2020 into a high-demand sorority house, making it a proven income-producing asset for its current owners. Spanning over 5,100 square feet, the home features bedrooms thoughtfully arranged along the perimeter for privacy, while the center of the home offers a spacious living room, dining area, and oversized kitchen with a butler's pantry. A bright, inviting sunroom stretches across the back. With three bathrooms, one half bath, and two laundry rooms, the layout is designed for high occupancy and convenience. Situated on a generous lot with twenty-five parking spaces, this property is perfectly suited for group housing, co-living arrangements, student rentals, or even a conversion back into professional office or medical space. Whether you're an investor seeking strong rental income, an organization in need of housing, or a visionary ready to adapt this space to your unique use, this property offers unmatched flexibility in one of the most desirable locations in town. Property is owned by licensed Realtors.
Full Property Details
Full Property Details for 224 N Frederick St
General
- Price: $450,000
- Taxes: $3,123 (2024)
- Status: Pending
- Type: Commercial
- Source: MARIS
- MLS ID: 25068336
- Updated: 4/7/2026
- Added to Site: 196 day(s) ago
Interior
- Appliances: Dishwasher, Microwave, Electric Oven, Refrigerator, Washer/Dryer
Location
- County: Cape Girardeau
- Township: Cape Girardeau
- Subdivision: Cape Girardeau
- Driving Directions: GPS Friendly
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Forced Air
Utilities
- Water: Public
Structural Information
- Square Feet: 4,548
- Current Bldg. Use: Residential
- Year Built: 1989
Lot Features
- Lot Size (Acres): 0.77
- Lot Size (Sq. Ft.): 33,541.2
- Lot Size Source: Public Records
Financial Considerations
- Tax Amount: $3,123
- Tax Year: 2024
- Tenant Pays: Internet
Disclosures and Reports
- Ownership: Private
- Special Conditions: Standard
- Disclosures/Reports: Agent Owned, See Seller's Disclosure
- Property ID: 21-107-00-07-01300-0000
Listed by EXP Realty, LLC
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Schools
Schools serving 224 N Frederick St
School District:Cape Girardeau 63 School District
| Name | Grades | Distance |
|---|---|---|
Central Middle School, Cape Girardeau, MO 1900 Thilenius Street, Cape Girardeau, MO 63701 | 5-6 | 1.2 mi |
Blanchard Elementary School 1829 North Sprigg Street, Cape Girardeau, MO 63701 | PK-4 | 1.5 mi |
Central Jr. High School 1910 Whitener Street, Cape Girardeau, MO 63701 | 7-8 | 1.2 mi |
Central High School, Cape Girardeau, MO 1000 South Silver Springs Road, Cape Girardeau, MO 63703 | 9-12 | 3.1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 224 N Frederick St
Date
Details
Price
Change
Source
3/24/2026
Price Reduced
$450,000
-10%
MLS
2/18/2026
Price Reduced
$500,000
-9.09%
MLS
1/09/2026
Price Reduced
$550,000
-8.33%
MLS
10/09/2025
Listed
$600,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 224 N Frederick St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,291
5%
$63,020
5%
2023
$3,123
—
$60,020
—
2023
$3,119
—
$60,020
—
2021
$3,121
—
$60,020
—
2022
$3,121
-49%
$60,020
-46%
2020
$6,167
—
$110,450
—
2019
$6,158
—
$110,450
—
2018
$6,147
—
$110,450
—
2017
$6,161
—
$110,450
—
2016
$6,138
—
$110,450
—
2015
$6,143
—
$110,450
—
2014
$6,171
—
$110,450
—
2013
$6,153
—
$110,450
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 224 N Frederick St
224 N Frederick Street, Cape Girardeau, MO 63701 (MLS# 25068336) is a Commercial property. 224 N Frederick Street is currently listed for $450,000 and was received on October 09, 2025. Want to learn more about 224 N Frederick Street? Do you have questions about finding other Commercial real estate for sale in Cape Girardeau? You can browse all Cape Girardeau real estate or contact a Coldwell Banker agent to request more information.
