Brick Duplex with
For Sale
$350,000
2001 Prather Avenue St, Louis, MO 63139
Residential Income, St Louis, MO
Property Size1,792 SF
Lot Size0.12 Acres
Price / SF$195.31
Days on Market19
Property Features for 2001 Prather Avenue St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 1, Bathroom 2, Bedroom 2, Basement
Basement
Interior Entry, Storage Space, Unfinished, Walk-Up Access, Full
Subdivision
Prather Estate Add
Elementary school
Mason Elem.
Middle school
Long Middle Community Ed. Center
High school
Roosevelt High
Elementary school district
St. Louis City
Middle school district
St. Louis City
High school district
St. Louis City
Directions
Must have 24-hour notice. Tenant occupied.
Standard status
Active
APN
4624-01-0080-0
Size
1,792 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2214
Utilities
Utilities
Cable Available
Heating system
Natural Gas, Forced Air
Cooling system
Ceiling Fan(s), Central Air
Water source
Public
Amenities
hardwood floors
covered front porch
private basement space
sun porch
fenced yard
Building Details
Year built
1931
Floors in Building
1
Number of units
2
Flooring type
Hardwood
Building materials
Brick
Listing Agency:
RE/MAX Results · RE/MAX International
(314) 329-9010
Listed By:
Becky Harrington · License #199121879
(314) 229-9702
Added: Sep 15
Changed: Sep 26
Last Checked: Oct 3 at 3:06AM
MLS# 26059049
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.
Built in 1931, this brick duplex offers 1,792 square feet with a shotgun-style layout, hardwood flooring, and two bathrooms. Interior features include a private basement area and a sun porch that can serve as flexible additional space. Forced-air heating with natural gas, central air, and ceiling fans support year-round comfort.
The property includes a covered front porch, fenced yard, and detached 2-car garage. Located at 2001 Prather Avenue in St Louis, the home is positioned in the Dogtown area, with parks, restaurants, shopping, and neighborhood businesses described as nearby. The lot measures 0.124 acres and is served by public water, with cable available.
The property includes a covered front porch, fenced yard, and detached 2-car garage. Located at 2001 Prather Avenue in St Louis, the home is positioned in the Dogtown area, with parks, restaurants, shopping, and neighborhood businesses described as nearby. The lot measures 0.124 acres and is served by public water, with cable available.
Key Highlights
- Duplex with 1,792 square feet on a 0.124‑acre lot
- Brick construction completed in 1931
- Detached 2‑car garage and fenced yard
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
Check the figures for this property
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 - Shotgun-style interiors feature hardwood floors, a covered front porch, and private basement space.
Where is this duplex located?
The property is located at 2001 Prather Avenue St 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: Duplex with 1,792 square feet on a 0.124‑acre lot; Brick construction completed in 1931; Detached 2‑car garage and fenced yard
