Renovated Two-Unit
For Sale
$322,000
Pending
125 W Steins Street St, Louis, MO 63111
MULTI_FAMILY - Other - St Louis, MO
Property Size2,400 SF
Lot Size0.11 Acres
Days on Market35
Property Features for 125 W Steins Street St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bathroom 1, Bathroom 2, Basement, Bedroom 1, Bedroom 3
Parking features
Off Street
Security features
Security
Window features
Blinds, Double Pane Windows, Screens
Patio and Porch features
Patio
Interior features
Ceiling Fan(s), Crown Molding, Custom Cabinetry, Double Vanity, Eat-in Kitchen, Entrance Foyer, Granite Counters, High Ceilings, Historic Millwork, Open Floorplan, Pantry, Recessed Lighting, Shower, Smart Thermostat
Exterior features
Courtyard, No Step Entry, Private Entrance, Private Yard
Fencing
Fenced, Gate, Privacy
Basement
Full, Sump Pump, Storage Space, French Drain, Interior Entry, Unfinished
Appliances
Dishwasher, Disposal, Exhaust Fan, Ice Maker, Microwave, Electric Oven, Self Cleaning Oven, Electric Range, Refrigerator, Washer/Dryer, Water Heater, Electric Water Heater
Subdivision
Eilers Add
Lot features
City Lot, Corner Lot, Landscaped, Level, Near Park, Near Public Transit, Private
Elementary school
Woerner Elem.
Middle school
Lyon-Blow Middle
High school
Roosevelt High
Elementary school district
St. Louis City
Middle school district
St. Louis City
High school district
St. Louis City
Standard status
Pending
APN
3083-00-0090-0
Size
2,400 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2703
Utilities
Utilities
Cable Available
Heating system
Forced Air
Cooling system
Multi Units, Electric, Central Air, Ceiling Fan(s)
Water source
Public
Amenities
high-end Samsung appliances
in-unit washers and dryers
Building Details
Year built
1890
Number of units
2
Flooring type
Granite, Vinyl, Tile - Ceramic, Hardwood
Building materials
Brick Veneer
Roof type
Flat
Architectural style
Other
Listing Agency:
EXP Realty, LLC
(866) 224-1761
Listed By:
Rebecca Fox · License #1999105740
(913) 908-8001
Added: Jul 22
Changed: Aug 3
Last Checked: Aug 25 at 6:06PM
MLS# 26027945
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.
Renovated two-unit duplex at 125 W Steins Street featuring a one-bedroom unit and a two-bedroom unit. The home was gutted to the studs and restored, with interior finishes that include high ceilings, recessed lighting, crown molding, custom cabinetry, and granite counters. Each unit offers in-unit washers and dryers, along with an eat-in kitchen and a smart thermostat. Flooring includes hardwood, tile, vinyl, and granite surfaces, supported by forced-air heating and central air conditioning.
Outside, the property provides off-street parking and secured gated parking for four or more vehicles, plus a private yard and courtyard. There is also a patio, and the exterior includes privacy fencing and a gated entry. The property is built with brick veneer and has a flat roof. Utilities include cable available, and the water source is public.
Built in 1890 and totaling 2,400 square feet on a 0.1148-acre lot, this duplex is positioned for residential occupancy with separate living spaces.
Outside, the property provides off-street parking and secured gated parking for four or more vehicles, plus a private yard and courtyard. There is also a patio, and the exterior includes privacy fencing and a gated entry. The property is built with brick veneer and has a flat roof. Utilities include cable available, and the water source is public.
Built in 1890 and totaling 2,400 square feet on a 0.1148-acre lot, this duplex is positioned for residential occupancy with separate living spaces.
Key Highlights
- 2,400 SF two‑unit duplex on a 0.1148‑acre lot
- Renovated down to the studs with restored historic‑style millwork
- Unit mix includes one‑bedroom and two‑bedroom layouts
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
$25,665
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
7.97%
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%
$513,300
$513.3K
Cap Rate 7%
$366,643
$366.6K
Cap Rate 9%
$285,167
$285.2K
Market Conditions
NOI Build-Up for 2,400 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
$38.9K $16.20/SF
− Vacancy
−$2.2K −$0.92/SF
EGI
$36.7K $15.28/SF
− OpEx
−$11.0K −$4.58/SF
NOI
$25.7K $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%
$513,300
Cap Rate 7%
$366,643
Cap Rate 9%
$285,167
Alternative Uses
Best Use
Multifamily LT 5
$366.6K
$320.8K – $427.8K
NOI $25,665 @ 7.0% cap · market cap 7.97%
Second Best
Apartment 5plus
$319.1K
$279.2K – $372.2K
NOI $22,334 @ 7.0% cap · market cap 6.94%
Theoretical Best
Office A
$515.1K
$450.7K – $600.9K
NOI $36,056 @ 7.0% cap · market cap 11.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
410
Businesses Nearby
Explore this area
Business Placement
Demographics for 63111, MO
19,538
Population
10,541
Households
1.9
Avg Household Size
37
Median Age
19%
College-Educated
86%
High-School Grad
3.2 sq mi
ZIP Area
6,106
Density / Sq Mi
$43,295
Median Household Income
$33,114
Median Earnings
$846
Median Rent
$115,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Renovated two-unit duplex with one-bedroom and two-bedroom layouts, in-unit washers/dryers, and gated parking off-street.
Where is this duplex located?
The property is located at 125 W Steins Street St Louis, MO.
What is the asking price?
The asking price for this property is $322,000.
What are key features of this property?
This property features: 2,400 SF two‑unit duplex on a 0.1148‑acre lot; Renovated down to the studs with restored historic‑style millwork; Unit mix includes one‑bedroom and two‑bedroom layouts
