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    531 W Essex Avenue Kirkwood, MO 63122

    View on Map
    For Sale
    Under Contract
    $485,000

    Residential Income, Ranch - Kirkwood, MO

    Property size:
    2,666 SF
    Lot size:
    0.56 Acres
    Added:
    Feb 10, 2026
    Days on Market:
    49
    Last Refresh:
    Mar 31 at 6:06 pm

    Property Features for 531 W Essex Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active Under Contract
    APN
    23M-52-1133
    Size
    2,666 SF
    Lot size
    0.56 Acres

    Taxes and HOA fees

    TaxYear
    2024
    TaxAnnualAmount
    4108

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1959
    Number of units
    2
    Building materials
    Brick
    Architectural style
    Ranch

    We can help!

    Listing Contact
    Gary Andrews
    Gary Andrews

    Listing agent Gary Andrews License #1999011097

    Listing office Realty Exchange 2203 S Big Bend Blvd Ste 100, St. Louis, MO

    Listing date Feb 10, 2026

    MLS# 26003946 Listing URL

    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.

    Overview

    Kirkwood Duplex with Updated Units

    This Kirkwood duplex is available for sale. Each of the two units includes 2 bedrooms and one bath. The units feature newer kitchens and baths. A full basement with washer and dryer hookups is available. The property is situated on a lot of approximately 0.5588 acres and has a total size of 2666 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Kirkwood
    County
    St. Louis
    State
    Missouri
    Longitude
    -90.4197
    Latitude
    38.5796

    Nearby Similar for Sale

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      Kirkwood Office Center For Sale

      Three-story office building with suites available for owner/user.
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      View Details
    • $895,000
      3,355 SF

      Office/Retail Building For Sale

      3,355± Sq. Ft. Office/Retail building available for purchase.
      204-206 N. Clay, Kirkwood, MO 63122
      View Details
    • Contact for pricing
      54,288 SF

      Kirkwood Multifamily Investment Opportunity

      44-unit multifamily property in Kirkwood, Missouri with upgrade potential.
      551 S Clay Ave, Kirkwood, MO 63122
      View Details
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      Prime Retail with Drive-Thru

      High-traffic retail location with drive-thru in Kirkwood, Missouri.
      1034 S Kirkwood Rd, Kirkwood, MO
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    • $3,175,000

      Kirkwood Gas Station For Sale

      Newly rebuilt gas station with long-term lease in place.
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      View Details

    FAQs

    What type of property is this?
    Duplex - Rare Kirkwood duplex featuring updated kitchens and baths.
    Where is this duplex located?
    The property is located at 531 W Essex Avenue Kirkwood, MO.
    What is the asking price?
    The asking price for this property is $485,000.
    What are key features of this property?
    This property features: Rare Kirkwood duplex for sale – a fantastic investment opportunity!; Two units, each featuring 2 bedrooms and 1 bath.; Enjoy the benefit of newer kitchens and baths in each unit.
    (314) 647-2220
    We can help!
    Listing Contact
    Gary Andrews
    Gary Andrews
    Real Estate License ID: 1999011097
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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