Updated Two-Unit
For Sale
$420,000
4202 Chouteau Avenue St, Louis, MO 63110
Residential Income, St Louis, MO
Property Size2,000 SF
Lot Size0.08 Acres
Price / SF$210
Days on Market60
Property Features for 4202 Chouteau Avenue St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 2
Parking
2
Subdivision
McRee Place 5114-A
Elementary school
Shenandoah Elem.
Middle school
Yeatman-Liddell Middle School
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
5114-01-0160-1
Size
2,000 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
1224
Utilities
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Amenities
in-unit laundry
off-street parking
Building Details
Year built
1893
Floors in Building
2
Number of units
2
Flooring type
Hardwood
Building materials
Brick
Roof type
Flat
Architectural style
Other
Listing Agency:
STL Rental Services and Sales
(314) 609-2829
Listed By:
Maria Timp · License #2017034756
(941) 228-3787
Added: Jul 17
Changed: Sep 12
Last Checked: Sep 14 at 11:06AM
MLS# 26044213
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 brick duplex contains 2,000 square feet and dates to 1893. The two apartments each provide a 1-bedroom, 1-bath layout, with renovated kitchens and bathrooms, hardwood flooring, in-unit laundry, and off-street parking. Forced-air heating, central air, public water, and a flat roof serve the property.
Positioned at 4202 Chouteau Avenue in St. Louis, the property is near the restaurants, bars, coffee shops, nightlife, and entertainment of The Grove. Forest Park, Washington University, Barnes-Jewish Hospital, and major highways are also identified as nearby destinations.
Positioned at 4202 Chouteau Avenue in St. Louis, the property is near the restaurants, bars, coffee shops, nightlife, and entertainment of The Grove. Forest Park, Washington University, Barnes-Jewish Hospital, and major highways are also identified as nearby destinations.
Key Highlights
- Two‑unit duplex with 2,000 square feet
- Each apartment offers 1 bedroom and 1 bath
- Renovated kitchens and bathrooms in both 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
$21,387
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
5.09%
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%
$427,740
$427.7K
Cap Rate 7%
$305,529
$305.5K
Cap Rate 9%
$237,633
$237.6K
Market Conditions
NOI Build-Up for 2,000 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
$32.4K $16.20/SF
− Vacancy
−$1.8K −$0.92/SF
EGI
$30.6K $15.28/SF
− OpEx
−$9.2K −$4.58/SF
NOI
$21.4K $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%
$427,740
Cap Rate 7%
$305,529
Cap Rate 9%
$237,633
Alternative Uses
Best Use
Multifamily LT 5
$305.5K
$267.3K – $356.5K
NOI $21,387 @ 7.0% cap · market cap 5.09%
Second Best
Apartment 5plus
$265.9K
$232.7K – $310.2K
NOI $18,612 @ 7.0% cap · market cap 4.43%
Theoretical Best
Office A
$429.2K
$375.6K – $500.8K
NOI $30,046 @ 7.0% cap · market cap 7.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,085
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?
Duplex - Two renovated apartments offer hardwood interiors, in-unit laundry, and off-street parking in The Grove.
Where is this duplex located?
The property is located at 4202 Chouteau Avenue St Louis, MO.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,000 square feet; Each apartment offers 1 bedroom and 1 bath; Renovated kitchens and bathrooms in both units
