Tenant-Occupied Duplex with
2108 Allen Ave, Saint Louis, MO 63104
For Sale
$244,900
Both units are leased, with distinct flooring finishes and rear parking included.
Property Size2,100 SF
Price / SF$116.62
Days on Market152
Property Features for 2108 Allen Ave
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Occupancy
Additional Details
Highway Access
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Buildings
Tenancy
Listing Agency:
New Growth Realty LLC
(314) 222-3079
Listed By:
Delicia Lacy
(314) 448-0794
Source:
Exprealty
Added: Jun 12
Changed: Oct 26
Last Checked: Nov 8 at 10:43AM
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 New Growth Realty LLC
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Investment Insights
Based on property information with market context.
This 2,100-square-foot duplex is occupied by tenants, with both units currently leased. The lower unit has luxury vinyl plank flooring, while the upper unit retains original hardwood floors. The property includes a one-car rear parking pad and additional street parking.
Located in South St. Louis near restaurants, shopping, parks, and major highways, the property is being sold as-is. Due to tenant occupancy, showings are limited to requests made after an accepted contract, and tenants should not be disturbed.
Located in South St. Louis near restaurants, shopping, parks, and major highways, the property is being sold as-is. Due to tenant occupancy, showings are limited to requests made after an accepted contract, and tenants should not be disturbed.
Key Highlights
- 2,100‑square‑foot duplex with both units currently leased
- Lower unit features luxury vinyl plank flooring
- Upper unit includes original hardwood flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,457
Cap Rate
9.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$449,140
$449.1K
Cap Rate 7%
$320,814
$320.8K
Cap Rate 9%
$249,522
$249.5K
Market Conditions
NOI Build-Up for 2,100 SF
Gross rent
$34.0K $16.20/SF
− Vacancy
−$1.9K −$0.92/SF
EGI
$32.1K $15.28/SF
− OpEx
−$9.6K −$4.58/SF
NOI
$22.5K $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%
$449,140
Cap Rate 7%
$320,814
Cap Rate 9%
$249,522
Alternative Uses
Best Use
Multifamily LT 5
$320.8K
$280.7K – $374.3K
NOI $22,457 @ 7.0% cap · market cap 9.17%
Second Best
Apartment 5plus
$279.2K
$244.3K – $325.7K
NOI $19,543 @ 7.0% cap · market cap 7.98%
Theoretical Best
Office A
$450.7K
$394.4K – $525.8K
NOI $31,549 @ 7.0% cap · market cap 12.88%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,069
Businesses Nearby
Explore this area
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
$249,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 - Both units are leased, with distinct flooring finishes and rear parking included.
Where is this duplex located?
The property is located at 2108 Allen Ave Saint Louis, MO.
What is the asking price?
The asking price for this property is $244,900.
What are key features of this property?
This property features: 2,100‑square‑foot duplex with both units currently leased; Lower unit features luxury vinyl plank flooring; Upper unit includes original hardwood flooring
