Two-Unit Duplex
For Sale
$199,000
3012 Ohio Avenue St, Louis, MO 63118
MULTI_FAMILY - Other - St Louis, MO
Property Size1,716 SF
Lot Size0.07 Acres
Price / SF$115.97
Days on Market43
Property Features for 3012 Ohio Avenue St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 3, Bathroom 2, Bathroom 1, Basement, Bedroom 4, Bedroom 1
Interior features
Ceiling Fan(s)
Basement
Unfinished
Appliances
Microwave, Gas Range, Refrigerator
Subdivision
Wenco Add
Elementary school
Sigel Elem. Comm. Ed. Center
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
Standard status
Active
APN
1982-00-0080-0
Size
1,716 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
1392
Utilities
Utilities
Cable Available
Heating system
Natural Gas
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Public
Building Details
Year built
1890
Floors in Building
2
Number of units
2
Flooring type
Hardwood
Building materials
Brick
Architectural style
Other
Listing Agency:
Keller Williams Realty St. Louis
(314) 677-6000
Listed By:
Brueggemann Tadlock · License #2011010667
(314) 677-6000
Added: Jul 7
Changed: Aug 1
Last Checked: Aug 18 at 12:06PM
MLS# 26006071
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.
Well-maintained two-unit duplex building designed for comfortable, functional living. The property offers independent living between units and includes laundry hook-ups so tenants can bring their own washer and dryer. Interior features include ceiling fans, with hardwood flooring in the space. Appliances listed include a microwave, gas range, and refrigerator. Construction is brick, and heating is natural gas. Cooling is provided via window or wall/window unit(s). The building is currently tenant-occupied.
The property sits on a 0.0735-acre lot at 3012 Ohio Avenue in St. Louis, in St. Louis City County, MO 63118. The water source is public, and cable is available.
Built in 1890, this 1,716-square-foot duplex includes basement space and multiple bedrooms and bathrooms across the units, supporting a straightforward, low-maintenance residential income configuration.
The property sits on a 0.0735-acre lot at 3012 Ohio Avenue in St. Louis, in St. Louis City County, MO 63118. The water source is public, and cable is available.
Built in 1890, this 1,716-square-foot duplex includes basement space and multiple bedrooms and bathrooms across the units, supporting a straightforward, low-maintenance residential income configuration.
Key Highlights
- Two‑unit duplex with independent living setups
- Tenant‑occupied property designed for rental use
- 0.0735‑acre lot and 1,716 SF building
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
$15,969
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
8.02%
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%
$319,380
$319.4K
Cap Rate 7%
$228,129
$228.1K
Cap Rate 9%
$177,433
$177.4K
Market Conditions
NOI Build-Up for 1,716 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
$30.9K $18.00/SF
− Vacancy
−$1.9K −$1.08/SF
EGI
$29.0K $16.92/SF
− OpEx
−$13.1K −$7.61/SF
NOI
$16.0K $9.31/SF
Area
St. Louis County, MO
Vacancy
6.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
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%
$319,380
Cap Rate 7%
$228,129
Cap Rate 9%
$177,433
Alternative Uses
Best Use
Multifamily LT 5
$262.1K
$229.4K – $305.8K
NOI $18,350 @ 7.0% cap · market cap 9.22%
Second Best
Apartment 5plus
$228.1K
$199.6K – $266.2K
NOI $15,969 @ 7.0% cap · market cap 8.02%
Theoretical Best
Office A
$368.3K
$322.3K – $429.7K
NOI $25,780 @ 7.0% cap · market cap 12.95%
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
527
Businesses Nearby
Explore this area
Business Placement
Demographics for 63118, MO
25,194
Population
14,770
Households
1.7
Avg Household Size
34
Median Age
38%
College-Educated
87%
High-School Grad
3.4 sq mi
ZIP Area
7,410
Density / Sq Mi
$57,268
Median Household Income
$44,717
Median Earnings
$952
Median Rent
$210,900
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 - Well-maintained two-unit duplex with independent setups, laundry hook-ups, and natural gas heating on a small lot in St. Louis.
Where is this duplex located?
The property is located at 3012 Ohio Avenue St Louis, MO.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: Two‑unit duplex with independent living setups; Tenant‑occupied property designed for rental use; 0.0735‑acre lot and 1,716 SF building
