Renovated Brick
New
For Sale
$559,000
Pending
1016 Childress Avenue St, Louis, MO 63139
Residential Income, St Louis, MO
Property Size2,640 SF
Lot Size0.13 Acres
Days on Market2
Property Features for 1016 Childress Avenue St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 2, Basement, Bathroom 1, Bedroom 2, Bedroom 3, Bedroom 4
Parking features
Off Street, Garage
Patio and Porch features
Porch, Deck
Interior features
Natural Woodwork, Pantry
Exterior features
Balcony, Private Yard
Basement
Full, Unfinished, Walk-Up Access, Interior Entry
Appliances
Stainless Steel Appliance(s), Dishwasher, Free-Standing Gas Oven
Subdivision
Lindell Estate Add
Lot features
Back Yard, City Lot, Front Yard, Landscaped, Level, Private
Elementary school
Mason Elem.
Middle school
Long Middle Community Ed. Center
High school
Roosevelt High
Elementary school district
St. Louis City
Middle school district
St. Louis City
High school district
St. Louis City
Standard status
Pending
APN
5969-00-0070-0
Size
2,640 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4420
Utilities
Heating system
Natural Gas, Forced Air
Cooling system
Electric, Multi Units, Central Air
Water source
Public
Amenities
hardwood floors
crown molding
fireplace
granite countertops
stainless steel appliances
subway tile
sunroom
central A/C
basement laundry
detached garage
Building Details
Year built
1928
Floors in Building
2
Number of units
2
Flooring type
Hardwood, Laminate, Vinyl
Building materials
Brick, Stone
Architectural style
Other
Listing Agency:
Lou Realty Group
(314) 696-8447
Listed By:
Lucy Feicht · License #2018003197
(314) 603-2114
Added: Aug 25
Changed: Aug 26
Last Checked: Aug 26 at 6:06PM
MLS# 26051662
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 renovated brick duplex contains 2,640 square feet on a 0.1291-acre lot and was built in 1928. Both units feature hardwood flooring, crown molding, updated lighting, brick fireplaces, dining rooms, and kitchens with granite counters, white cabinetry, stainless steel appliances, subway tile, and built-in shelving. Each unit also includes two bedrooms, a full bathroom, and a sunroom connected to one bedroom. Updated electrical and plumbing systems, newer vinyl windows, central air conditioning, forced-air heat, and basement laundry with individual storage lockers add practical improvements.
The property includes a detached garage, off-street parking, a porch, deck, private yard, and balcony. Located in Dogtown, the duplex is minutes from Forest Park, the zoo, and the commercial offerings along Tamm Avenue. Public water service is in place, and the home includes natural woodwork, pantry storage, and a clean, spacious basement.
The property includes a detached garage, off-street parking, a porch, deck, private yard, and balcony. Located in Dogtown, the duplex is minutes from Forest Park, the zoo, and the commercial offerings along Tamm Avenue. Public water service is in place, and the home includes natural woodwork, pantry storage, and a clean, spacious basement.
Key Highlights
- 2,640 square feet on a 0.1291‑acre lot
- Two‑bedroom units with full baths and sunrooms
- Renovated kitchens with granite counters and stainless steel appliances
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
$28,231
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
5.05%
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%
$564,620
$564.6K
Cap Rate 7%
$403,300
$403.3K
Cap Rate 9%
$313,678
$313.7K
Market Conditions
NOI Build-Up for 2,640 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
$42.8K $16.20/SF
− Vacancy
−$2.4K −$0.92/SF
EGI
$40.3K $15.28/SF
− OpEx
−$12.1K −$4.58/SF
NOI
$28.2K $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%
$564,620
Cap Rate 7%
$403,300
Cap Rate 9%
$313,678
Alternative Uses
Best Use
Multifamily LT 5
$403.3K
$352.9K – $470.5K
NOI $28,231 @ 7.0% cap · market cap 5.05%
Second Best
Apartment 5plus
$351.0K
$307.1K – $409.5K
NOI $24,568 @ 7.0% cap · market cap 4.39%
Theoretical Best
Office A
$566.6K
$495.8K – $661.0K
NOI $39,661 @ 7.0% cap · market cap 7.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
619
Businesses Nearby
Explore this area
Business Placement
Demographics for 63139, MO
21,971
Population
12,187
Households
1.8
Avg Household Size
38
Median Age
49%
College-Educated
96%
High-School Grad
3.8 sq mi
ZIP Area
5,782
Density / Sq Mi
$74,749
Median Household Income
$52,298
Median Earnings
$1,086
Median Rent
$199,400
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?
Duplex - Two residential units feature updated interiors, central climate control, basement storage, and a detached garage.
Where is this duplex located?
The property is located at 1016 Childress Avenue St Louis, MO.
What is the asking price?
The asking price for this property is $559,000.
What are key features of this property?
This property features: 2,640 square feet on a 0.1291‑acre lot; Two‑bedroom units with full baths and sunrooms; Renovated kitchens with granite counters and stainless steel appliances
