Shotgun-Style Duplex with
For Sale
$350,000
2001 Prather Ave, Saint Louis, MO 63139
Character details include hardwood floors, a covered porch, a sun porch, and a fenced yard.
Property Size1,792 SF
Price / SF$195.31
Days on Market9
Property Features for 2001 Prather Ave
General Information
Standard status
Active
Size
1,792 SF
Total Parking Spaces
2
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,214
Amenities
hardwood floors
covered front porch
private basement space
sun porch
fenced yard
Building Details
Construction
shotgun-style
Listing Agency:
RE/MAX Results
(314) 329-9010
Listed By:
Becky Harrington
(314) 229-9702
Source:
Exprealty
Added: Sep 14
Changed: Sep 21
Last Checked: Sep 21 at 2:25PM
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 RE/MAX Results
Investment Insights
Based on property information with market context.
This duplex combines a shotgun-style layout with details that give the property a distinct residential character. Interior features include hardwood floors, a private basement area, and a sun porch that can serve as flexible additional space. A covered front porch adds outdoor living area, while the fenced yard provides a defined rear setting. The property also includes a 2-car garage, an especially useful feature for a two-unit residential building.
Located at 2001 Prather Ave in Saint Louis, the duplex is near parks, restaurants, shopping, and other neighborhood businesses. The 1,792 property size and combination of interior, outdoor, and garage space create a practical configuration for multifamily ownership.
Located at 2001 Prather Ave in Saint Louis, the duplex is near parks, restaurants, shopping, and other neighborhood businesses. The 1,792 property size and combination of interior, outdoor, and garage space create a practical configuration for multifamily ownership.
Key Highlights
- Shotgun‑style duplex with hardwood floors
- 1,792 property size
- Covered front porch and sun porch
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
$19,163
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
5.48%
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%
$383,260
$383.3K
Cap Rate 7%
$273,757
$273.8K
Cap Rate 9%
$212,922
$212.9K
Market Conditions
NOI Build-Up for 1,792 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
$29.0K $16.20/SF
− Vacancy
−$1.7K −$0.92/SF
EGI
$27.4K $15.28/SF
− OpEx
−$8.2K −$4.58/SF
NOI
$19.2K $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%
$383,260
Cap Rate 7%
$273,757
Cap Rate 9%
$212,922
Alternative Uses
Best Use
Multifamily LT 5
$273.8K
$239.5K – $319.4K
NOI $19,163 @ 7.0% cap · market cap 5.48%
Second Best
Apartment 5plus
$238.2K
$208.5K – $277.9K
NOI $16,676 @ 7.0% cap · market cap 4.76%
Theoretical Best
Office A
$384.6K
$336.5K – $448.7K
NOI $26,922 @ 7.0% cap · market cap 7.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
581
Businesses Nearby
Explore this area
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
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Frequently Asked Questions
What type of property is this?
Duplex - Character details include hardwood floors, a covered porch, a sun porch, and a fenced yard.
Where is this duplex located?
The property is located at 2001 Prather Ave Saint Louis, MO.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Shotgun‑style duplex with hardwood floors; 1,792 property size; Covered front porch and sun porch
