Renovated Triplex with Central
For Sale
$489,500
1210 S Newstead Avenue St, Louis, MO 63110
Residential Income, St Louis, MO
Property Size3,056 SF
Lot Size0.06 Acres
Price / SF$160.18
Days on Market55
Property Features for 1210 S Newstead Avenue St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
7
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 2, Bedroom 1, Bedroom 7, Bathroom 3, Bedroom 4, Bathroom 2, Bedroom 5, Bedroom 6, Bedroom 3, Bathroom 1
Subdivision
Laclede Race Course Sub
Elementary school
Adams Elem.
Middle school
Long Middle Community Ed. Center
High school
Vashon High
Elementary school district
St. Louis City
Middle school district
St. Louis City
High school district
St. Louis City
Standard status
Active
APN
3976-00-0410-0
Size
3,056 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2782
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1889
Building materials
Brick
Architectural style
Other
Listing Agency:
Invest St. Louis
(314) 325-6201
Listed By:
Dan Hartzke · License #2022036773
(314) 255-5117
Added: Jul 22
Changed: Sep 13
Last Checked: Sep 14 at 6:06AM
MLS# 26019854
Copyright © 2026 Mid America Regional Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 3,056-square-foot brick triplex contains two two-bedroom apartments and one three-bedroom apartment. All three units are fully renovated, with updated kitchens, bathrooms, and plumbing. Building improvements also include tuckpointing completed in 2023, central air conditioning, and forced-air heating. The property was built in 1889 and sits on a 0.0574-acre lot.
Located at 1210 S Newstead Avenue in St Louis, the property carries the 63110 postal designation and is currently 100% leased. The three-unit configuration and renovated condition provide a clear overview of the existing residential income asset without requiring additional repositioning details.
Located at 1210 S Newstead Avenue in St Louis, the property carries the 63110 postal designation and is currently 100% leased. The three-unit configuration and renovated condition provide a clear overview of the existing residential income asset without requiring additional repositioning details.
Key Highlights
- Three‑unit property with two 2BR apartments and one 3BR apartment
- 3,056 square feet on a 0.0574‑acre lot
- 100% leased across all three units
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$32,680
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.68%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$653,600
$653.6K
Cap Rate 7%
$466,857
$466.9K
Cap Rate 9%
$363,111
$363.1K
Market Conditions
NOI Build-Up for 3,056 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$49.5K $16.20/SF
− Vacancy
−$2.8K −$0.92/SF
EGI
$46.7K $15.28/SF
− OpEx
−$14.0K −$4.58/SF
NOI
$32.7K $10.69/SF
Area
St. Louis County, MO
Vacancy
5.70%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$653,600
Cap Rate 7%
$466,857
Cap Rate 9%
$363,111
Alternative Uses
Best Use
Multifamily LT 5
$466.9K
$408.5K – $544.7K
NOI $32,680 @ 7.0% cap · market cap 6.68%
Second Best
Apartment 5plus
$406.3K
$355.5K – $474.0K
NOI $28,439 @ 7.0% cap · market cap 5.81%
Theoretical Best
Office A
$655.9K
$573.9K – $765.2K
NOI $45,911 @ 7.0% cap · market cap 9.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,004
Businesses Nearby
Explore this area
Business Placement
Demographics for 63110, MO
18,199
Population
10,260
Households
1.8
Avg Household Size
33
Median Age
64%
College-Educated
97%
High-School Grad
6.6 sq mi
ZIP Area
2,757
Density / Sq Mi
$73,809
Median Household Income
$55,340
Median Earnings
$1,183
Median Rent
$314,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Fully leased three-family property with updated interiors, forced-air heat, and brick construction.
Where is this triplex located?
The property is located at 1210 S Newstead Avenue St Louis, MO.
What is the asking price?
The asking price for this property is $489,500.
What are key features of this property?
This property features: Three‑unit property with two 2BR apartments and one 3BR apartment; 3,056 square feet on a 0.0574‑acre lot; 100% leased across all three units
