Brick Duplex with Two-Car
New
For Sale
$350,000
2001 Prather Avenue St, Louis, MO 63139
Residential Income, St Louis, MO
Property Size1,792 SF
Lot Size0.12 Acres
Price / SF$195.31
Days on Market2
Property Features for 2001 Prather Avenue St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 1, Basement, Bedroom 2, Bathroom 1
Basement
Storage Space, Interior Entry, Walk-Up Access, Unfinished, Full
Subdivision
Prather Estate Add
Elementary school
Mason Elem.
Middle school
Long Middle Community Ed. Center
High school
Roosevelt High
Elementary school district
St. Louis City
Middle school district
St. Louis City
High school district
St. Louis City
Directions
Must have 24-hour notice. Tenant occupied.
Standard status
Active
APN
4624-01-0080-0
Size
1,792 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2214
Utilities
Utilities
Cable Available
Heating system
Natural Gas, Forced Air
Cooling system
Central Air, Ceiling Fan(s)
Water source
Public
Amenities
hardwood floors
covered front porch
private basement
sun porch
fenced yard
Building Details
Year built
1931
Floors in Building
1
Number of units
2
Flooring type
Hardwood
Building materials
Brick
Listing Agency:
RE/MAX Results · RE/MAX International
(314) 329-9010
Listed By:
Becky Harrington
(314) 781-7777
Added: Sep 14
Changed: Sep 15
Last Checked: Sep 15 at 2:06PM
MLS# 26059049
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 1931 brick duplex contains 1,792 square feet and features hardwood flooring, natural-gas forced-air heat, central air, and ceiling fans. The property includes a covered front porch, sun porch, private basement space, fenced rear yard, and a two-car garage. Public water and cable availability serve the property.
Located at 2001 Prather Avenue in St Louis’s Dogtown area, the duplex is near parks, restaurants, shopping, and neighborhood businesses. The address is within St Louis City, Missouri 63139.
The layout includes two bedrooms, two bathrooms, and basement space. Its duplex configuration, outdoor areas, garage, and brick construction provide a distinct residential income property profile with practical building and site features.
Located at 2001 Prather Avenue in St Louis’s Dogtown area, the duplex is near parks, restaurants, shopping, and neighborhood businesses. The address is within St Louis City, Missouri 63139.
The layout includes two bedrooms, two bathrooms, and basement space. Its duplex configuration, outdoor areas, garage, and brick construction provide a distinct residential income property profile with practical building and site features.
Key Highlights
- Duplex with 1,792 square feet
- Built in 1931 with brick construction
- Two bedrooms and two bathrooms
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
$19,163
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
5.48%
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%
$383,260
$383.3K
Cap Rate 7%
$273,757
$273.8K
Cap Rate 9%
$212,922
$212.9K
Market Conditions
NOI Build-Up for 1,792 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
$29.0K $16.20/SF
− Vacancy
−$1.7K −$0.92/SF
EGI
$27.4K $15.28/SF
− OpEx
−$8.2K −$4.58/SF
NOI
$19.2K $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%
$383,260
Cap Rate 7%
$273,757
Cap Rate 9%
$212,922
Alternative Uses
Best Use
Multifamily LT 5
$273.8K
$239.5K – $319.4K
NOI $19,163 @ 7.0% cap · market cap 5.48%
Second Best
Apartment 5plus
$238.2K
$208.5K – $277.9K
NOI $16,676 @ 7.0% cap · market cap 4.76%
Theoretical Best
Office A
$384.6K
$336.5K – $448.7K
NOI $26,922 @ 7.0% cap · market cap 7.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
581
Businesses Nearby
Explore this area
Business Placement
Demographics for 63139, MO
21,971
Population
12,187
Households
1.8
Avg Household Size
38
Median Age
49%
College-Educated
96%
High-School Grad
3.8 sq mi
ZIP Area
5,782
Density / Sq Mi
$74,749
Median Household Income
$52,298
Median Earnings
$1,086
Median Rent
$199,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Character-rich duplex with hardwood flooring, a covered porch, fenced yard, and private basement space.
Where is this duplex located?
The property is located at 2001 Prather Avenue St Louis, MO.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Duplex with 1,792 square feet; Built in 1931 with brick construction; Two bedrooms and two bathrooms
