Renovated Duplex with Off-Street
New
For Sale
$489,900
7240 Balson Avenue St, Louis, MO 63130
Residential Income, St Louis, MO
Property Size2,800 SF
Lot Size0.12 Acres
Price / SF$174.96
Days on Market2
Property Features for 7240 Balson Avenue St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 3, Basement, Bedroom 2, Bathroom 2, Dining Room, Bedroom 1
Parking features
Driveway, Garage, Covered, Underground/Basement, Off Street
Interior features
Dining/Living Room Combo, Granite Counters, Shower, Storage, Tub
Basement
Unfinished, Storage Space
Appliances
Stainless Steel Appliance(s), Dishwasher, Electric Oven, Refrigerator
Subdivision
Balsons Sub Of Shaftesbury Heights
Elementary school
Jackson Park Elem.
Middle school
Brittany Woods
High school
University City Sr. High
Elementary school district
University City
Middle school district
University City
High school district
University City
Standard status
Active
APN
17J-21-0787
Size
2,800 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6328
Utilities
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Amenities
basement storage space
washer/dryer hookups
dedicated off-street parking
fenced backyard
Building Details
Year built
1952
Flooring type
Hardwood
Building materials
Brick, Brick Veneer
Architectural style
Other
Additional Structures
Storage
Listing Agency:
The Agency
(314) 677-1477
Listed By:
Brian Tash · License #2005020526
(314) 893-7870
Added: Sep 25
Changed: Sep 26
Last Checked: Sep 26 at 10:06PM
MLS# 26059688
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 2,800-square-foot brick duplex contains two residences, each arranged with three bedrooms and two full bathrooms. Both units received renovations in 2025, including new mechanical systems, a roof, windows, kitchens, baths, flooring, appliances, and fresh paint. Hardwood floors, granite counters, stainless steel appliances, and combined living and dining areas are among the interior features. Basement storage, washer and dryer hookups, dedicated off-street parking, and a fenced backyard serve the property. The parcel measures 0.1232 acres, and the building dates to 1952.
The second-floor residence is leased, while the first-floor unit has previously been rented. Shops, restaurants, parks, the Delmar Loop, and Washington University are identified among nearby destinations in University City.
The second-floor residence is leased, while the first-floor unit has previously been rented. Shops, restaurants, parks, the Delmar Loop, and Washington University are identified among nearby destinations in University City.
Key Highlights
- Two residences, each with 3 bedrooms and 2 full baths
- 2,800 square feet of building area on a 0.1232‑acre lot
- Renovated in 2025 with updated kitchens, baths, mechanical systems, roof, and windows
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
$29,942
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
6.11%
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%
$598,840
$598.8K
Cap Rate 7%
$427,743
$427.7K
Cap Rate 9%
$332,689
$332.7K
Market Conditions
NOI Build-Up for 2,800 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
$45.4K $16.20/SF
− Vacancy
−$2.6K −$0.92/SF
EGI
$42.8K $15.28/SF
− OpEx
−$12.8K −$4.58/SF
NOI
$29.9K $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%
$598,840
Cap Rate 7%
$427,743
Cap Rate 9%
$332,689
Alternative Uses
Best Use
Multifamily LT 5
$427.7K
$374.3K – $499.0K
NOI $29,942 @ 7.0% cap · market cap 6.11%
Second Best
Apartment 5plus
$372.2K
$325.7K – $434.3K
NOI $26,057 @ 7.0% cap · market cap 5.32%
Theoretical Best
Office A
$600.9K
$525.8K – $701.1K
NOI $42,065 @ 7.0% cap · market cap 8.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
501
Businesses Nearby
Explore this area
Business Placement
Demographics for 63130, MO
29,454
Population
14,106
Households
2.1
Avg Household Size
35
Median Age
64%
College-Educated
97%
High-School Grad
5.0 sq mi
ZIP Area
5,891
Density / Sq Mi
$81,103
Median Household Income
$50,407
Median Earnings
$1,199
Median Rent
$285,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Two updated residences offer private primary suites, basement storage, and a fenced backyard.
Where is this duplex located?
The property is located at 7240 Balson Avenue St Louis, MO.
What is the asking price?
The asking price for this property is $489,900.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms and 2 full baths; 2,800 square feet of building area on a 0.1232‑acre lot; Renovated in 2025 with updated kitchens, baths, mechanical systems, roof, and windows
