Two-Unit Duplex with Updated
1516 Salisbury Street, Saint Louis, MO 63107
For Sale
New
$240,000
Residential Income, St Louis, MO
Property Size1,580 SF
Lot Size0.05 Acres
Price / SF$151.90
Days on Market4
Property Features for 1516 Salisbury Street
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Patio and Porch features
Interior features
Exterior features
Basement
Appliances
Subdivision
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
Emmanuel Jamar Realty Group
Listed By:
Beatrice Covington · License #2016025412
(314) 709-7262
Added: Nov 4
Changed: Nov 5
Last Checked: Nov 7 at 11:06AM
MLS# 26070370
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.
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Investment Insights
Based on property information with market context.
This 1,580-square-foot brick duplex contains two residences: a one-bedroom apartment on the main floor and a two-bedroom, one-bath upper unit arranged across two levels. Kitchens, bathrooms, flooring, and major systems have been updated. The upper apartment has a deck or porch, and rear off-street parking is provided. Wood, vinyl, and tile flooring, central air, and forced-air natural gas heat are among the property’s features.
Both units are leased. The property is near Downtown St. Louis and the National Geospatial-Intelligence Agency. It is offered as-is; the seller will not conduct inspections or make repairs. Interior access is allowed only after an accepted contract, and tenants are not to be disturbed.
Both units are leased. The property is near Downtown St. Louis and the National Geospatial-Intelligence Agency. It is offered as-is; the seller will not conduct inspections or make repairs. Interior access is allowed only after an accepted contract, and tenants are not to be disturbed.
Key Highlights
- Two residences: one 1‑bedroom unit and one 2‑bedroom, 1‑bath unit
- 1,580 square feet on a 0.0527‑acre lot
- Updated kitchens, bathrooms, flooring, and major systems
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,896
Cap Rate
7.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$337,920
$337.9K
Cap Rate 7%
$241,371
$241.4K
Cap Rate 9%
$187,733
$187.7K
Market Conditions
NOI Build-Up for 1,580 SF
Gross rent
$25.6K $16.20/SF
− Vacancy
−$1.5K −$0.92/SF
EGI
$24.1K $15.28/SF
− OpEx
−$7.2K −$4.58/SF
NOI
$16.9K $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%
$337,920
Cap Rate 7%
$241,371
Cap Rate 9%
$187,733
Alternative Uses
Best Use
Multifamily LT 5
$241.4K
$211.2K – $281.6K
NOI $16,896 @ 7.0% cap · market cap 7.04%
Second Best
Apartment 5plus
$210.0K
$183.8K – $245.1K
NOI $14,703 @ 7.0% cap · market cap 6.13%
Theoretical Best
Office A
$339.1K
$296.7K – $395.6K
NOI $23,737 @ 7.0% cap · market cap 9.89%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
8
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
372
Businesses Nearby
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Business Placement
Demographics for 63107, MO
8,829
Population
6,651
Households
1.3
Avg Household Size
42
Median Age
13%
College-Educated
80%
High-School Grad
2.3 sq mi
ZIP Area
3,839
Density / Sq Mi
$40,522
Median Household Income
$33,910
Median Earnings
$839
Median Rent
$57,100
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Saint Louis, MO
Properties on Market for Duplexes in Saint Louis
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - A leased brick rental property with separate one-bedroom and two-bedroom residences.
Where is this duplex located?
The property is located at 1516 Salisbury Street Saint Louis, MO.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: Two residences: one 1‑bedroom unit and one 2‑bedroom, 1‑bath unit; 1,580 square feet on a 0.0527‑acre lot; Updated kitchens, bathrooms, flooring, and major systems
