Updated Brick
For Sale
$429,900
1127 Forest Ave, Saint Louis, MO 63119
Two refreshed residences with private outdoor space, basement storage, and separate laundry facilities.
Property Size1,872 SF
Price / SF$229.65
Days on Market58
Property Features for 1127 Forest Ave
General Information
Standard status
Active
Size
1,872 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,552
Building Details
Buildings
1
Listing Agency:
RedKey Realty Leaders Circa
(314) 352-5200
Listed By:
Johanna Dueren
(314) 518-1261
Source:
Exprealty
Added: Sep 3
Changed: Oct 27
Last Checked: Oct 28 at 12:46PM
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 RedKey Realty Leaders Circa
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Investment Insights
Based on property information with market context.
This 1,872-square-foot brick duplex contains two matching residences, each with a two-bedroom, one-bathroom layout. Interior improvements include refinished hardwood floors, new paint, updated ceiling fans, double-hung windows, renovated kitchens with granite counters and stainless steel appliances, and bathrooms with updated vanities and tiled tub and shower surrounds. A new roof was completed in 2025, along with a new sewer line and updates to the electrical and plumbing systems.
The full unfinished basement provides separate storage areas, painted masonry walls, concrete floors, and two dedicated washer-and-dryer sets. Exterior features include a covered brick porch and a fenced backyard with mature trees. The property is three blocks from Forest Park and within walking distance of Hi-Pointe Drive-In, The Cheshire, and dining along Clayton and Tamm Avenues. Washington University's Danforth Campus, Saint Louis University, Barnes-Jewish Hospital/BJC Healthcare Campus, and Downtown St. Louis are each under ten minutes by car.
The full unfinished basement provides separate storage areas, painted masonry walls, concrete floors, and two dedicated washer-and-dryer sets. Exterior features include a covered brick porch and a fenced backyard with mature trees. The property is three blocks from Forest Park and within walking distance of Hi-Pointe Drive-In, The Cheshire, and dining along Clayton and Tamm Avenues. Washington University's Danforth Campus, Saint Louis University, Barnes-Jewish Hospital/BJC Healthcare Campus, and Downtown St. Louis are each under ten minutes by car.
Key Highlights
- Two‑bedroom, one‑bathroom layout in each unit
- 1,872‑square‑foot duplex with brick construction
- New roof completed in 2025
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,018
Cap Rate
4.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$400,360
$400.4K
Cap Rate 7%
$285,971
$286.0K
Cap Rate 9%
$222,422
$222.4K
Market Conditions
NOI Build-Up for 1,872 SF
Gross rent
$30.3K $16.20/SF
− Vacancy
−$1.7K −$0.92/SF
EGI
$28.6K $15.28/SF
− OpEx
−$8.6K −$4.58/SF
NOI
$20.0K $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%
$400,360
Cap Rate 7%
$285,971
Cap Rate 9%
$222,422
Alternative Uses
Best Use
Multifamily LT 5
$286.0K
$250.2K – $333.6K
NOI $20,018 @ 7.0% cap · market cap 4.66%
Second Best
Apartment 5plus
$248.9K
$217.8K – $290.4K
NOI $17,421 @ 7.0% cap · market cap 4.05%
Theoretical Best
Office A
$401.8K
$351.5K – $468.7K
NOI $28,123 @ 7.0% cap · market cap 6.54%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,262
Businesses Nearby
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Business Placement
Demographics for 63119, MO
34,793
Population
15,627
Households
2.2
Avg Household Size
41
Median Age
64%
College-Educated
98%
High-School Grad
8.4 sq mi
ZIP Area
4,142
Density / Sq Mi
$103,287
Median Household Income
$65,266
Median Earnings
$1,275
Median Rent
$330,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two refreshed residences with private outdoor space, basement storage, and separate laundry facilities.
Where is this duplex located?
The property is located at 1127 Forest Ave Saint Louis, MO.
What is the asking price?
The asking price for this property is $429,900.
What are key features of this property?
This property features: Two‑bedroom, one‑bathroom layout in each unit; 1,872‑square‑foot duplex with brick construction; New roof completed in 2025
