Updated Duplex with Enclosed
For Sale
$285,000
Pending
2207 Alameda Ave, Saint Louis, MO 63143
Two-unit property with refreshed interiors, an enclosed porch, and a two-car garage.
Property Size2,192 SF
Days on Market95
Property Features for 2207 Alameda Ave
General Information
Standard status
Pending
Size
2,192 SF
Total Parking Spaces
2
Property subtype
Residential Income
Additional Details
Highway Access
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,988
Amenities
enclosed porch
Building Details
Buildings
1
Listing Agency:
EXP Realty, LLC
(314) 662-6578
Listed By:
Peter Lu · License #2006036727
(314) 662-6578
Source:
Exprealty
Added: May 29
Changed: Aug 31
Last Checked: Aug 31 at 1:30AM
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 EXP Realty, LLC
Investment Insights
Based on property information with market context.
This duplex offers two separate residential units with comfortable living areas and a practical mix of updated features. One unit includes a renovated kitchen with granite countertops, while the bathrooms throughout the property have been updated. An enclosed porch adds flexible interior space, and the two-car garage provides covered parking and storage.
The property is located near shopping, dining, parks, and major highways at 2207 Alameda Ave in Saint Louis, Missouri. Its two-unit configuration supports both owner-occupancy and rental use, allowing a resident owner to occupy one unit while leasing the other.
The property is located near shopping, dining, parks, and major highways at 2207 Alameda Ave in Saint Louis, Missouri. Its two-unit configuration supports both owner-occupancy and rental use, allowing a resident owner to occupy one unit while leasing the other.
Key Highlights
- Duplex configuration with two residential units
- Updated bathrooms throughout the property
- One unit features a renovated kitchen with granite countertops
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
$23,440
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
8.22%
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%
$468,800
$468.8K
Cap Rate 7%
$334,857
$334.9K
Cap Rate 9%
$260,444
$260.4K
Market Conditions
NOI Build-Up for 2,192 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
$35.5K $16.20/SF
− Vacancy
−$2.0K −$0.92/SF
EGI
$33.5K $15.28/SF
− OpEx
−$10.0K −$4.58/SF
NOI
$23.4K $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%
$468,800
Cap Rate 7%
$334,857
Cap Rate 9%
$260,444
Alternative Uses
Best Use
Multifamily LT 5
$334.9K
$293.0K – $390.7K
NOI $23,440 @ 7.0% cap · market cap 8.22%
Second Best
Apartment 5plus
$291.4K
$255.0K – $340.0K
NOI $20,399 @ 7.0% cap · market cap 7.16%
Theoretical Best
Office A
$470.4K
$411.6K – $548.9K
NOI $32,931 @ 7.0% cap · market cap 11.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,087
Businesses Nearby
Explore this area
Business Placement
Demographics for 63143, MO
9,686
Population
5,089
Households
1.9
Avg Household Size
36
Median Age
55%
College-Educated
97%
High-School Grad
2.0 sq mi
ZIP Area
4,843
Density / Sq Mi
$65,712
Median Household Income
$48,420
Median Earnings
$900
Median Rent
$226,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with refreshed interiors, an enclosed porch, and a two-car garage.
Where is this duplex located?
The property is located at 2207 Alameda Ave Saint Louis, MO.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Duplex configuration with two residential units; Updated bathrooms throughout the property; One unit features a renovated kitchen with granite countertops
