Six-Unit Apartment Building with
For Sale
$997,000
5943 Kingsbury Avenue St, Louis, MO 63112
MULTI_FAMILY - Other - St Louis, MO
Property Size7,209 SF
Lot Size0.15 Acres
Price / SF$138.30
Days on Market183
Property Features for 5943 Kingsbury Avenue St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Basement, Bedroom 3, Bedroom 1, Bedroom 4, Bathroom 2, Bedroom 5, Bathroom 1
Parking features
Open, Parking Lot
Exterior features
Balcony
Basement
Full
Appliances
Dishwasher, Range, Refrigerator
Subdivision
Washington Heights Add
Elementary school
Hamilton Elem. Community Ed.
Middle school
Yeatman-Liddell Middle School
High school
Sumner High
Elementary school district
St. Louis City
Middle school district
St. Louis City
High school district
St. Louis City
Directions
Forest Park east of Skinker to north on Des Peres to east on Kingsbury.
Standard status
Active
APN
5511-00-0220-0
Size
7,209 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
CB5511 51 FT X 130 FT Washington HTS Addn Block 12 Lot 9 E-10
Tax Annual Amount
4138
Legal Description
CB5511 51 FT X 130 FT Washington HTS Addn Block 12 Lot 9 E-10
Utilities
Heating system
Natural Gas, Forced Air
Cooling system
Electric, Ceiling Fan(s), Central Air
Water source
Public
Building Details
Year built
1910
Floors in Building
3
Number of units
6
Flooring type
Tile, Hardwood
Building materials
Brick
Architectural style
Other
Listing Agency:
Realty Exchange · Coldwell Banker Real Estate
(314) 647-2220
Listed By:
Christopher Tucker · License #1999080123
(314) 647-2220
Added: Feb 9
Changed: Aug 1
Last Checked: Aug 11 at 5:06PM
MLS# 26006920
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 six-unit apartment building offers spacious two- and three-bedroom units with individual systems. The property includes exterior balcony features and common finishes such as tile and hardwood flooring. Heating is provided by natural gas forced air, with cooling that includes electric, ceiling fans, and central air. Kitchen and in-unit appliances include dishwasher, range, and refrigerator.
Built in 1910 with brick construction, the building also features open off-street parking in a parking lot setting. Water service is public.
The property is situated in the Hot Skinker Debaliviere neighborhood with easy access to local destinations, including walking access to Forest Park, the U City Loop, and Washington University.
Built in 1910 with brick construction, the building also features open off-street parking in a parking lot setting. Water service is public.
The property is situated in the Hot Skinker Debaliviere neighborhood with easy access to local destinations, including walking access to Forest Park, the U City Loop, and Washington University.
Key Highlights
- Six‑unit apartment building with two- and three‑bedroom units
- Individual systems in each unit
- Balcony exterior feature
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
$67,087
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
6.73%
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%
$1,341,740
$1.3M
Cap Rate 7%
$958,386
$958.4K
Cap Rate 9%
$745,411
$745.4K
Market Conditions
NOI Build-Up for 7,209 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
$129.8K $18.00/SF
− Vacancy
−$7.8K −$1.08/SF
EGI
$122.0K $16.92/SF
− OpEx
−$54.9K −$7.61/SF
NOI
$67.1K $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%
$1,341,740
Cap Rate 7%
$958,386
Cap Rate 9%
$745,411
Alternative Uses
Best Use
Apartment 5plus
$958.4K
$838.6K – $1.12M
NOI $67,087 @ 7.0% cap · market cap 6.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.55M
$1.35M – $1.81M
NOI $108,302 @ 7.0% cap · market cap 10.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
947
Businesses Nearby
Explore this area
Business Placement
Demographics for 63112, MO
18,954
Population
11,521
Households
1.6
Avg Household Size
33
Median Age
44%
College-Educated
89%
High-School Grad
3.2 sq mi
ZIP Area
5,923
Density / Sq Mi
$43,262
Median Household Income
$36,297
Median Earnings
$911
Median Rent
$216,400
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?
Apartment building - Six-unit apartment building with two- and three-bedroom units, individual systems, off-street parking, and balcony features.
Where is this apartment building located?
The property is located at 5943 Kingsbury Avenue St Louis, MO.
What is the asking price?
The asking price for this property is $997,000.
What are key features of this property?
This property features: Six‑unit apartment building with two- and three‑bedroom units; Individual systems in each unit; Balcony exterior feature
