Duplex with Exposed
For Sale
$395,000
2016 S 9th Street, Saint Louis, MO 63104
Two vacant units are scheduled for delivery after a comprehensive renovation expected to finish December 1, 2026.
Property Size3,266 SF
Price / SF$120.94
Days on Market10
Property Features for 2016 S 9th Street
General Information
Standard status
Active
Size
3,266 SF
Property subtype
Residential Income
Property Condition
Severity
Major Repairs Needed
Evidence
FULL GUT REHAB
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,030
Building Details
Building Size
3,266 SF
Year Built
1884
Buildings
1
Units
2
Construction
brick
Listing Agency:
The Agency
(314) 677-1477
Listed By:
Anthony Klier · License #2022012991
(314) 517-1925
Source:
Finehomesbydawn
Added: Oct 21
Changed: Oct 27
Last Checked: Oct 29 at 8:20PM
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 The Agency
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Investment Insights
Based on property information with market context.
Built in 1884, this 3,266-square-foot duplex is being fully renovated and will be delivered vacant. Each of the two units is planned with two bedrooms and one bathroom. The renovation includes new HVAC equipment, furnaces, water heaters, electrical and plumbing systems, windows, roofing, kitchens, and bathrooms. Planned interior finishes include quartz counters, stainless appliances, marble-look tile, in-unit laundry, and retained exposed brick.
Completion is expected December 1, 2026. Rear improvements are planned to include gated asphalt parking and a turf area for residents. The property is on S 9th Street in Soulard, near neighborhood restaurants and coffee shops; the stated Walk Score is 93.
Completion is expected December 1, 2026. Rear improvements are planned to include gated asphalt parking and a turf area for residents. The property is on S 9th Street in Soulard, near neighborhood restaurants and coffee shops; the stated Walk Score is 93.
Key Highlights
- 3,266 square feet; built in 1884
- Two 2‑bedroom, 1‑bath units, to be delivered vacant
- Renovation completion expected December 1, 2026
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,925
Cap Rate
8.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$698,500
$698.5K
Cap Rate 7%
$498,929
$498.9K
Cap Rate 9%
$388,056
$388.1K
Market Conditions
NOI Build-Up for 3,266 SF
Gross rent
$52.9K $16.20/SF
− Vacancy
−$3.0K −$0.92/SF
EGI
$49.9K $15.28/SF
− OpEx
−$15.0K −$4.58/SF
NOI
$34.9K $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%
$698,500
Cap Rate 7%
$498,929
Cap Rate 9%
$388,056
Alternative Uses
Best Use
Multifamily LT 5
$498.9K
$436.6K – $582.1K
NOI $34,925 @ 7.0% cap · market cap 8.84%
Second Best
Apartment 5plus
$434.2K
$379.9K – $506.6K
NOI $30,393 @ 7.0% cap · market cap 7.69%
Theoretical Best
Office A
$700.9K
$613.3K – $817.8K
NOI $49,066 @ 7.0% cap · market cap 12.42%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
845
Businesses Nearby
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Business Placement
Demographics for 63104, MO
19,317
Population
10,958
Households
1.8
Avg Household Size
34
Median Age
54%
College-Educated
94%
High-School Grad
3.4 sq mi
ZIP Area
5,681
Density / Sq Mi
$70,127
Median Household Income
$53,693
Median Earnings
$1,054
Median Rent
$249,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two vacant units are scheduled for delivery after a comprehensive renovation expected to finish December 1, 2026.
Where is this duplex located?
The property is located at 2016 S 9th Street Saint Louis, MO.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: 3,266 square feet; built in 1884; Two 2‑bedroom, 1‑bath units, to be delivered vacant; Renovation completion expected December 1, 2026
