5 S Cherry St, Hale, MO, 64643
About This Home
Investment Opportunity – Price Reduced!!! This 7-unit apartment building, constructed with heavy steel beam, offers a total of 4,810 sq ft on a 0.86-acre lot. The units include studios, one-bedroom, and two-bedroom apartments, with current rents ranging from $300 to $590 per month. All units combined offer 9 bedrooms, 7 full bathrooms and 3 half baths. The property features on-site laundry (coin operated – additional income), three storage units (additional income opportunity), and a lobby area. There is still room to expand Located in Hale, MO, this property is centrally positioned near Chillicothe, Carrollton, and Brookfield, making it attractive to tenants. The area is known for outdoor activities like hunting, fishing, mushroom hunting and general enjoyment of nature and small community living. With a reduced listing price of $379,900, this property presents a solid investment opportunity in a stable rental market. With the potential to expand.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1970
Materials
- Foundation: Slab
- Roof: Metal
- Construction materials: Brick,Frame,Metal Siding
Type & Style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subType: Other Residential
Interior
Appliances
- Appliances included: Electric Oven/Range,Refrigerator,Gas Water Heater
- Laundry features: Laundry Hookup: Laundry Room,Main Level
Basement
- Basement: None
Bedrooms & Bathrooms
- Bedrooms: 10
- Bathrooms: 11
- Full bathrooms: 7
- 1/2 bathrooms: 4
Features
- Dry Wall
- Window features: Vinyl,No Window Treatments
- Flooring: Carpet,Laminate
- Fireplace features: None
- Finished area above ground: 4,810
Heating & Cooling
- Heating features: Other-See Remarks
- Cooling features: Window Unit(s)
Interior Area
- Total structure area: 4,810
- Total interior livable area: 4,810 sqft
Property
Features
- Patio & porch: Patio
- Fencing: None
Lot
- Lot size: 0.86 Acres
Parking
- Parking features: No Garage
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Drought
- Inland Flooding
- Tornado
- Hail
- Heat Wave
- Lightning
- Strong Wind
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters Across Missouri Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,920 | $23,040 |
| Home Insurance * | $493 | $5,916 |
| Property Taxes | $218 | $2,616 |
| Electricity | $367 | $4,407 |
| Total | $2,998 | $35,976 |
Income You'd Need if You Spent...
Missouri FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-11 | Listed for sale | $379,900 |
| 2025-11-23 | Listing removed | $399,900 |
| 2025-06-04 | Price change | $399,900 |
| 2024-11-22 | Listed for sale | $425,000 |
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