Renovated Two-Unit
For Sale
$449,999
1338 Central Ave, Saint Louis, MO 63139
Fully furnished duplex with updated interiors, off-street parking, and shared outdoor space in Dogtown.
Property Size1,764 SF
Price / SF$255.10
Days on Market68
Property Features for 1338 Central Ave
General Information
Standard status
Active
Size
1,764 SF
Property subtype
Residential Income
Additional Details
Furnished
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,141
Amenities
shared backyard space
Building Details
Year Renovated
2023
Buildings
1
Listing Agency:
Coldwell Banker Realty - Gundaker
(314) 993-8000
Listed By:
Melissa Miller
(314) 399-0522
Source:
Exprealty
Added: Aug 12
Changed: Oct 6
Last Checked: Oct 16 at 12:12PM
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 Coldwell Banker Realty - Gundaker
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Investment Insights
Based on property information with market context.
This two-unit duplex offers a fully furnished configuration with 1,764 square feet of building area. Both residences received comprehensive renovations in 2023, including refreshed kitchens and bathrooms, new flooring, interior paint, windows, and doors. The units feature open living areas, spacious bedrooms, and substantial closet storage.
Recent exterior and mechanical work includes a 2024 roof replacement, updated major mechanical systems, completed tuckpointing, and a newly poured concrete driveway providing off-street parking. Residents also have access to a shared backyard. The property is located in St. Louis’ Dogtown neighborhood, within walking distance of local destinations and a short bike ride from Forest Park.
Recent exterior and mechanical work includes a 2024 roof replacement, updated major mechanical systems, completed tuckpointing, and a newly poured concrete driveway providing off-street parking. Residents also have access to a shared backyard. The property is located in St. Louis’ Dogtown neighborhood, within walking distance of local destinations and a short bike ride from Forest Park.
Key Highlights
- 1,764‑square‑foot duplex with two residential units
- Fully furnished property with renovated kitchens and bathrooms
- Comprehensive interior renovation completed in 2023
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,864
Cap Rate
4.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$377,280
$377.3K
Cap Rate 7%
$269,486
$269.5K
Cap Rate 9%
$209,600
$209.6K
Market Conditions
NOI Build-Up for 1,764 SF
Gross rent
$28.6K $16.20/SF
− Vacancy
−$1.6K −$0.92/SF
EGI
$26.9K $15.28/SF
− OpEx
−$8.1K −$4.58/SF
NOI
$18.9K $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 Rate 5%
$377,280
Cap Rate 7%
$269,486
Cap Rate 9%
$209,600
Alternative Uses
Best Use
Multifamily LT 5
$269.5K
$235.8K – $314.4K
NOI $18,864 @ 7.0% cap · market cap 4.19%
Second Best
Apartment 5plus
$234.5K
$205.2K – $273.6K
NOI $16,416 @ 7.0% cap · market cap 3.65%
Theoretical Best
Office A
$378.6K
$331.3K – $441.7K
NOI $26,501 @ 7.0% cap · market cap 5.89%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,241
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Fully furnished duplex with updated interiors, off-street parking, and shared outdoor space in Dogtown.
Where is this duplex located?
The property is located at 1338 Central Ave Saint Louis, MO.
What is the asking price?
The asking price for this property is $449,999.
What are key features of this property?
This property features: 1,764‑square‑foot duplex with two residential units; Fully furnished property with renovated kitchens and bathrooms; Comprehensive interior renovation completed in 2023
