Occupied Two-Unit
New
For Sale
$209,000
5200 Heege Road St, Louis, MO 63123
Residential Income, St Louis, MO
Property Size1,620 SF
Lot Size0.13 Acres
Price / SF$129.01
Days on Market5
Property Features for 5200 Heege Road St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
1
Bathrooms
1
Full bathrooms
1
Rooms
Bedroom 1, Basement, Bathroom 1
Basement
Unfinished, Block, Full, Storage Space
Subdivision
Oaklawn
Elementary school
Bayless Elem.
Middle school
Bayless Jr. High
High school
Bayless Sr. High
Elementary school district
Bayless
Middle school district
Bayless
High school district
Bayless
Directions
GPS Friendly
Standard status
Active
APN
25H-41-1087
Size
1,620 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2315
Utilities
Heating system
Forced Air, Natural Gas
Cooling system
Electric, Central Air
Building Details
Year built
1950
Floors in Building
1
Number of units
2
Building materials
Asbestos
Architectural style
Other
Listing Agency:
Epique Realty
(888) 893-3537
Listed By:
Camille Luna
(816) 522-4531
Added: Sep 18
Changed: Sep 21
Last Checked: Sep 22 at 12:06PM
MLS# 26059987
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 two-unit duplex contains 1,620 square feet on a 0.126-acre parcel. Each unit offers 1 bedroom, 1 full bath, a kitchen, living area, dining area, and hardwood flooring. Stained-glass features add architectural character, while updated plumbing supports the property’s existing improvements. A 2-car garage is also included.
Built in 1950, the property has natural gas forced-air heating and electric central air conditioning. The roof and both HVAC systems are approximately 10 years old. Both units are currently occupied, and the property is located at 5200 Heege Road in St. Louis, Missouri 63123.
Built in 1950, the property has natural gas forced-air heating and electric central air conditioning. The roof and both HVAC systems are approximately 10 years old. Both units are currently occupied, and the property is located at 5200 Heege Road in St. Louis, Missouri 63123.
Key Highlights
- Two‑unit duplex with 1,620 square feet
- 0.126‑acre parcel at 5200 Heege Road, St. Louis, MO 63123
- Each unit includes 1 bedroom and 1 full bath
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
$17,324
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
8.29%
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%
$346,480
$346.5K
Cap Rate 7%
$247,486
$247.5K
Cap Rate 9%
$192,489
$192.5K
Market Conditions
NOI Build-Up for 1,620 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
$26.2K $16.20/SF
− Vacancy
−$1.5K −$0.92/SF
EGI
$24.7K $15.28/SF
− OpEx
−$7.4K −$4.58/SF
NOI
$17.3K $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%
$346,480
Cap Rate 7%
$247,486
Cap Rate 9%
$192,489
Alternative Uses
Best Use
Multifamily LT 5
$247.5K
$216.6K – $288.7K
NOI $17,324 @ 7.0% cap · market cap 8.29%
Second Best
Apartment 5plus
$215.4K
$188.5K – $251.3K
NOI $15,076 @ 7.0% cap · market cap 7.21%
Theoretical Best
Office A
$347.7K
$304.2K – $405.6K
NOI $24,338 @ 7.0% cap · market cap 11.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
302
Businesses Nearby
Explore this area
Business Placement
Demographics for 63123, MO
50,989
Population
23,208
Households
2.2
Avg Household Size
41
Median Age
36%
College-Educated
92%
High-School Grad
12.5 sq mi
ZIP Area
4,079
Density / Sq Mi
$74,187
Median Household Income
$43,458
Median Earnings
$987
Median Rent
$205,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Both units are occupied and include kitchens, living areas, dining spaces, and full baths.
Where is this duplex located?
The property is located at 5200 Heege Road St Louis, MO.
What is the asking price?
The asking price for this property is $209,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,620 square feet; 0.126‑acre parcel at 5200 Heege Road, St. Louis, MO 63123; Each unit includes 1 bedroom and 1 full bath
