Two-Story Duplex with Detached
New
For Sale
$255,000
600 Locust St, Washington, MO 63090
Separately metered residences offer a two-bedroom main-floor layout and a one-bedroom upper-level apartment.
Property Size2,055 SF
Price / SF$124.09
Days on Market3
Property Features for 600 Locust St
General Information
Standard status
Active
Size
2,055 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Building Details
Year Built
1940
Buildings
1
Stories
2
Listing Agency:
EXP Realty, LLC
Listed By:
Brian Sohn · License #2012024725
(314) 401-1696
Source:
Nations-network
Added: Sep 24
Last Checked: Sep 24 at 2:52PM
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 EXP Realty, LLC
Investment Insights
Based on property information with market context.
This two-story duplex contains 2,055 square feet across two separately metered residences. The main-floor unit has two bedrooms, a full bathroom, living and family rooms, a separate dining room, and a kitchen. A side entrance serves the upper-level unit, which includes one bedroom, a full bathroom, a living room, and a kitchen.
The property sits on a level corner lot and includes a detached two-car garage. Built in 1940, it is located at 600 Locust St in Washington, Missouri.
The property sits on a level corner lot and includes a detached two-car garage. Built in 1940, it is located at 600 Locust St in Washington, Missouri.
Key Highlights
- 2,055 square feet across two separately metered residences
- Main‑floor unit with 2 bedrooms and 1 full bathroom
- Upper‑level unit with 1 bedroom and 1 full bathroom
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
$20,770
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
8.15%
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%
$415,400
$415.4K
Cap Rate 7%
$296,714
$296.7K
Cap Rate 9%
$230,778
$230.8K
Market Conditions
NOI Build-Up for 2,055 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
$31.6K $15.36/SF
− Vacancy
−$1.9K −$0.92/SF
EGI
$29.7K $14.44/SF
− OpEx
−$8.9K −$4.33/SF
NOI
$20.8K $10.11/SF
Area
Franklin County, MO
Vacancy
6.00%
Lease Rate
$15.36 /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%
$415,400
Cap Rate 7%
$296,714
Cap Rate 9%
$230,778
Alternative Uses
Best Use
Multifamily LT 5
$296.7K
$259.6K – $346.2K
NOI $20,770 @ 7.0% cap · market cap 8.15%
Second Best
Apartment 5plus
$280.1K
$245.1K – $326.8K
NOI $19,610 @ 7.0% cap · market cap 7.69%
Theoretical Best
Office A
$605.0K
$529.4K – $705.8K
NOI $42,350 @ 7.0% cap · market cap 16.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
17
Businesses Nearby
Explore this area
Business Placement
Demographics for 63090, MO
22,843
Population
9,745
Households
2.3
Avg Household Size
43
Median Age
33%
College-Educated
94%
High-School Grad
81.5 sq mi
ZIP Area
280
Density / Sq Mi
$83,966
Median Household Income
$46,556
Median Earnings
$873
Median Rent
$260,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Separately metered residences offer a two-bedroom main-floor layout and a one-bedroom upper-level apartment.
Where is this duplex located?
The property is located at 600 Locust St Washington, MO.
What is the asking price?
The asking price for this property is $255,000.
What are key features of this property?
This property features: 2,055 square feet across two separately metered residences; Main‑floor unit with 2 bedrooms and 1 full bathroom; Upper‑level unit with 1 bedroom and 1 full bathroom
