5203 SCHOLLMEYER St Louis, MO 63109
MULTI_FAMILY - Bungalow - St Louis, MO
Property Features for 5203 SCHOLLMEYER St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 1
- Bathrooms
- 1
- Rooms
- Basement, Bathroom 1, Bedroom 1
- Parking features
- Open, On Street, Alley, Garage
- Appliances
- Stainless Steel Appliance(s), Dishwasher, Disposal, Microwave, Gas Range, Electric Water Heater
- Standard status
- Pending
- APN
- 5765-9-190.000
- Size
- 1,700 SF
Taxes and HOA fees
- Tax Description
- C B 5765 SCHOLLMEYER AVE, 41 FT 10 IN / 45 FT X 120 FT, LYNNA ADDN, BLOCK 2, LOT 21
Utilities
- Heating system
- Forced Air
- Cooling system
- Ceiling Fan(s), Central Air
- Water source
- Public
Building Details
- Year built
- 1948
- Building materials
- Brick
- Roof type
- Shingle
- Architectural style
- Bungalow
Listing agent Emir Kadic License #2021014732 (800) 991-6092
Listing office Worth Clark Realty 100 Chesterfield Bus Pkwy 2 Fl, Chesterfield, MO (314) 222-0065
Listing date May 14, 2026
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Investment Insights
Based on property information with market context.
Located in the heart of Princeton Heights in St. Louis, the property is described as being within walking distance of restaurants and bakeries, entertainment, shopping, and parks. The home also includes an outdoor space with a fenced-in back yard.
Whether you’re looking to add to a rental portfolio or occupy one unit while renting the other, the property’s extensive update list and straightforward two-unit configuration are geared toward a hands-on, low-guesswork ownership experience. Additional practical value comes from the all-brick 2-car garage and the basement space.
Key Highlights
- All‑brick 2‑family bungalow built in 1948
- Updates include new roof, plumbing, and electric, plus new HVAC and new vinyl windows
- Each unit offers 1 bed and 1 bath with waterproof laminate flooring and 6‑in baseboards
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $27.5k | $16.20 |
| − Vacancy | −$1.6k | −$0.92 |
| EGI | $26.0k | $15.28 |
| − OpEx | −$7.8k | −$4.58 |
| NOI | $18.2k | $10.69 |
