Renovated Two-Unit
1024 Commodore Drive, Richmond Heights, MO 63117
For Sale
$679,000
Both residences offer three bedrooms, updated kitchens, and private outdoor space.
Property Size2,400 SF
Price / SF$282.92
Days on Market74
Property Features for 1024 Commodore Drive
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
basement washer/dryer hookups
front balcony
private rear deck
deck
Building Details
Building Size
Year Built
Buildings
Units
Listing Agency:
Dielmann Sotheby's International Realty
(314) 725-0009
Listed By:
Ted Wight
(314) 607-5555
Source:
Flowershomerealty
Added: Aug 26
Changed: Nov 6
Last Checked: Nov 7 at 1:58PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Dielmann Sotheby's International Realty
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Investment Insights
Based on property information with market context.
Built in 1935, this renovated duplex contains two residences, each with three bedrooms, one full bath, high ceilings, and original architectural details. New flooring and appliances complement updated kitchens with white cabinetry and blue tile backsplashes. The upper residence includes a bonus room, front balcony, and rear deck; the main-floor residence has a separate deck. Basement laundry hookups and off-street parking with a parking pad are also provided.
The property is in Richmond Heights, near Clayton and Big Bend. Washington University, Concordia Seminary, Forest Park, DeMun, hospitals, dining, and major highways are identified among the nearby destinations.
The property is in Richmond Heights, near Clayton and Big Bend. Washington University, Concordia Seminary, Forest Park, DeMun, hospitals, dining, and major highways are identified among the nearby destinations.
Key Highlights
- Two residences, each configured with 3 bedrooms and 1 full bath
- Renovated interiors include new flooring, kitchen cabinetry, tile backsplashes, and appliances
- Upper unit has a bonus room, front balcony, and private rear deck
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,665
Cap Rate
3.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$513,300
$513.3K
Cap Rate 7%
$366,643
$366.6K
Cap Rate 9%
$285,167
$285.2K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$38.9K $16.20/SF
− Vacancy
−$2.2K −$0.92/SF
EGI
$36.7K $15.28/SF
− OpEx
−$11.0K −$4.58/SF
NOI
$25.7K $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 Rate 5%
$513,300
Cap Rate 7%
$366,643
Cap Rate 9%
$285,167
Alternative Uses
Best Use
Multifamily LT 5
$366.6K
$320.8K – $427.8K
NOI $25,665 @ 7.0% cap · market cap 3.78%
Second Best
Apartment 5plus
$319.1K
$279.2K – $372.2K
NOI $22,334 @ 7.0% cap · market cap 3.29%
Theoretical Best
Office A
$515.1K
$450.7K – $600.9K
NOI $36,056 @ 7.0% cap · market cap 5.31%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,048
Businesses Nearby
Explore this area
Business Placement
Demographics for 63117, MO
9,660
Population
4,917
Households
2
Avg Household Size
37
Median Age
74%
College-Educated
99%
High-School Grad
2.4 sq mi
ZIP Area
4,025
Density / Sq Mi
$86,667
Median Household Income
$59,872
Median Earnings
$1,216
Median Rent
$330,100
Median Home Value
Market
Average Price Trend$/SF for Duplexes in St. Louis County, MO
Properties on Market for Duplexes in St. Louis County
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences offer three bedrooms, updated kitchens, and private outdoor space.
Where is this duplex located?
The property is located at 1024 Commodore Drive Richmond Heights, MO.
What is the asking price?
The asking price for this property is $679,000.
What are key features of this property?
This property features: Two residences, each configured with 3 bedrooms and 1 full bath; Renovated interiors include new flooring, kitchen cabinetry, tile backsplashes, and appliances; Upper unit has a bonus room, front balcony, and private rear deck
