Updated Triplex with Vacant
For Sale
$574,900
1133 Talmage Avenue St, Louis, MO 63110
MULTI_FAMILY - Other - St Louis, MO
Property Size4,128 SF
Lot Size0.32 Acres
Price / SF$139.27
Days on Market54
Property Features for 1133 Talmage Avenue St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Bedroom 2, Bedroom 3, Bedroom 4, Bathroom 3, Bathroom 2, Bedroom 1, Bedroom 5, Bathroom 1
Patio and Porch features
Patio, Deck
Exterior features
Balcony
Appliances
Electric Water Heater
Subdivision
McRee Add
Elementary school
Adams Elem.
Middle school
Fanning Middle Community Ed.
High school
Vashon High
Elementary school district
St. Louis City
Middle school district
St. Louis City
High school district
St. Louis City
Standard status
Active
APN
3992-00-0260-0
Size
4,128 SF
Lot size
0.32 Acres
Taxes and HOA fees
Tax Year
2023
Tax Description
C B 3992 TALMAGE AV 33FT 3 3/4 IN / 124FT 3/8 IN X 150 FT / 176 FT 2 IN MCREE ADDN BLOCK 24 LOT 21 S
Tax Annual Amount
1267
Legal Description
C B 3992 TALMAGE AV 33FT 3 3/4 IN / 124FT 3/8 IN X 150 FT / 176 FT 2 IN MCREE ADDN BLOCK 24 LOT 21 S
Utilities
Heating system
Forced Air, Electric (Heating)
Cooling system
Electric, Central Air, Ceiling Fan(s)
Water source
Public
Amenities
updated kitchens
stainless steel appliances
updated bathrooms
fireplaces
central air
hardwood floors
in-unit washers and dryers
partially fenced backyard
patio space
balconies
Building Details
Year built
1891
Number of units
3
Building materials
Brick
Architectural style
Other
Listing Agency:
Invest St. Louis
(314) 325-6201
Listed By:
Jeffrey Jollar · License #2026020322
(314) 255-5117
Added: Jun 20
Changed: Aug 2
Last Checked: Aug 12 at 12:06AM
MLS# 26039282
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.
1133 Talmage Avenue is an updated three-family triplex in The Grove. The 4,164-square-foot brick building features one converted three-bedroom, two-bath townhome unit and two one-bedroom, one-bath units. The townhome unit is currently vacant, while the two one-bedroom units are occupied on long-term month-to-month terms.
Interior updates include updated kitchens (some with stainless steel appliances), updated bathrooms, fireplaces, hardwood floors, and in-unit washers and dryers. The property is serviced by forced-air electric heating and includes central air and ceiling fans. Exterior amenities include a partially fenced backyard, patio and deck space, and balconies for the upper-floor units.
Built in 1891 and sited on a 0.317-acre lot, the building is located near Forest Park, the Missouri Botanical Garden, Cortex, Barnes-Jewish Hospital, and the shops, restaurants, and nightlife along Manchester Avenue in St. Louis.
Interior updates include updated kitchens (some with stainless steel appliances), updated bathrooms, fireplaces, hardwood floors, and in-unit washers and dryers. The property is serviced by forced-air electric heating and includes central air and ceiling fans. Exterior amenities include a partially fenced backyard, patio and deck space, and balconies for the upper-floor units.
Built in 1891 and sited on a 0.317-acre lot, the building is located near Forest Park, the Missouri Botanical Garden, Cortex, Barnes-Jewish Hospital, and the shops, restaurants, and nightlife along Manchester Avenue in St. Louis.
Key Highlights
- 4,164‑square‑foot brick triplex in The Grove
- Converted three‑bedroom, two‑bath townhome unit is currently vacant
- Two one‑bedroom, one‑bath units, each with in‑unit washer and dryer
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
$44,143
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
7.68%
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%
$882,860
$882.9K
Cap Rate 7%
$630,614
$630.6K
Cap Rate 9%
$490,478
$490.5K
Market Conditions
NOI Build-Up for 4,128 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
$66.9K $16.20/SF
− Vacancy
−$3.8K −$0.92/SF
EGI
$63.1K $15.28/SF
− OpEx
−$18.9K −$4.58/SF
NOI
$44.1K $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%
$882,860
Cap Rate 7%
$630,614
Cap Rate 9%
$490,478
Alternative Uses
Best Use
Multifamily LT 5
$630.6K
$551.8K – $735.7K
NOI $44,143 @ 7.0% cap · market cap 7.68%
Second Best
Apartment 5plus
$548.8K
$480.2K – $640.3K
NOI $38,415 @ 7.0% cap · market cap 6.68%
Theoretical Best
Office A
$885.9K
$775.2K – $1.03M
NOI $62,016 @ 7.0% cap · market cap 10.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,937
Businesses Nearby
Explore this area
Business Placement
Demographics for 63110, MO
18,199
Population
10,260
Households
1.8
Avg Household Size
33
Median Age
64%
College-Educated
97%
High-School Grad
6.6 sq mi
ZIP Area
2,757
Density / Sq Mi
$73,809
Median Household Income
$55,340
Median Earnings
$1,183
Median Rent
$314,600
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?
Triplex - Updated three-family brick building in The Grove with a vacant three-bedroom townhome plus two large one-bedroom units.
Where is this triplex located?
The property is located at 1133 Talmage Avenue St Louis, MO.
What is the asking price?
The asking price for this property is $574,900.
What are key features of this property?
This property features: 4,164‑square‑foot brick triplex in The Grove; Converted three‑bedroom, two‑bath townhome unit is currently vacant; Two one‑bedroom, one‑bath units, each with in‑unit washer and dryer
