Brick Duplex with 10+ Ft
For Sale
$330,000
2646 Geyer Avenue St, Louis, MO 63104
MULTI_FAMILY - Other - St Louis, MO
Property Size2,112 SF
Lot Size0.07 Acres
Price / SF$156.25
Days on Market46
Property Features for 2646 Geyer Avenue St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 4, Bathroom 1, Basement, Bedroom 5, Bedroom 1, Bathroom 2, Bedroom 2
Parking
2
Parking features
Off Street
Fireplace
1
Basement
Full
Subdivision
Allens Add
Elementary school
Sigel Elem. Comm. Ed. Center
Middle school
Fanning Middle Community Ed.
High school
Roosevelt High
Elementary school district
St. Louis City
Middle school district
St. Louis City
High school district
St. Louis City
Standard status
Active
APN
1322-00-0030-0
Size
2,112 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
C.B.1322 GEYER AVE 25 FT X 125 FT ALLENS ADDN BLOCK 9 LOT -W30
Tax Annual Amount
4457
Legal Description
C.B.1322 GEYER AVE 25 FT X 125 FT ALLENS ADDN BLOCK 9 LOT -W30
Utilities
Utilities
Cable Available
Heating system
Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
1896
Floors in Building
2
Number of units
2
Building materials
Brick Veneer
Architectural style
Other
Listing Agency:
Equity Missouri LLC
(314) 503-3690
Listed By:
Mary Chandler · License #2014042565
(636) 692-4593
Added: Jul 17
Changed: Aug 2
Last Checked: Aug 31 at 9:06AM
MLS# 26022892
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.
2646 Geyer Avenue is an 1896 brick duplex in the Fox Park National Historic District with two units. Each unit is approximately 1,100 SF and features 10+ ft ceilings, large windows for natural light, and exposed brick with durable vinyl flooring. The property includes an unfinished but dry basement with notably high ceilings that could support future expansion.
Both units were gut-rehabbed to the studs in 2017, including new plumbing, electric, HVAC, kitchens, bathrooms, and flooring. The owner purchased the building in 2023 and has since redone the upper kitchen, replaced the front and rear fencing, and installed a new roof. The lower unit is owner-occupied and the upper unit is currently configured with flexible rooms (bedroom/living/office) and a 2025 kitchen renovation with stainless appliances, white cabinetry, and quartz countertops.
Amenities and infrastructure include natural gas heating, central air conditioning, off-street parking, and cable availability. A fireplace is present, and the units share access to public water service.
Both units were gut-rehabbed to the studs in 2017, including new plumbing, electric, HVAC, kitchens, bathrooms, and flooring. The owner purchased the building in 2023 and has since redone the upper kitchen, replaced the front and rear fencing, and installed a new roof. The lower unit is owner-occupied and the upper unit is currently configured with flexible rooms (bedroom/living/office) and a 2025 kitchen renovation with stainless appliances, white cabinetry, and quartz countertops.
Amenities and infrastructure include natural gas heating, central air conditioning, off-street parking, and cable availability. A fireplace is present, and the units share access to public water service.
Key Highlights
- 1896 brick duplex in the Fox Park National Historic District
- Two units, each about 1,100 SF, with 10+ ft ceilings and large windows
- Both units gut‑rehabbed to the studs in 2017: plumbing, electric, HVAC, kitchens, baths, flooring
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
$22,585
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
6.84%
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%
$451,700
$451.7K
Cap Rate 7%
$322,643
$322.6K
Cap Rate 9%
$250,944
$250.9K
Market Conditions
NOI Build-Up for 2,112 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
$34.2K $16.20/SF
− Vacancy
−$2.0K −$0.92/SF
EGI
$32.3K $15.28/SF
− OpEx
−$9.7K −$4.58/SF
NOI
$22.6K $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%
$451,700
Cap Rate 7%
$322,643
Cap Rate 9%
$250,944
Alternative Uses
Best Use
Multifamily LT 5
$322.6K
$282.3K – $376.4K
NOI $22,585 @ 7.0% cap · market cap 6.84%
Second Best
Apartment 5plus
$280.8K
$245.7K – $327.6K
NOI $19,654 @ 7.0% cap · market cap 5.96%
Theoretical Best
Office A
$453.3K
$396.6K – $528.8K
NOI $31,729 @ 7.0% cap · market cap 9.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
787
Businesses Nearby
Explore this area
Business Placement
Demographics for 63104, MO
19,317
Population
10,958
Households
1.8
Avg Household Size
34
Median Age
54%
College-Educated
94%
High-School Grad
3.4 sq mi
ZIP Area
5,681
Density / Sq Mi
$70,127
Median Household Income
$53,693
Median Earnings
$1,054
Median Rent
$249,500
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?
Duplex - 1896 brick duplex with two units, central air, off-street parking, and gut rehab in 2017 throughout.
Where is this duplex located?
The property is located at 2646 Geyer Avenue St Louis, MO.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: 1896 brick duplex in the Fox Park National Historic District; Two units, each about 1,100 SF, with 10+ ft ceilings and large windows; Both units gut‑rehabbed to the studs in 2017: plumbing, electric, HVAC, kitchens, baths, flooring
