Updated Three-Unit
For Sale
$339,900
2209 Shenandoah Ave, Saint Louis, MO 63104
All residences are occupied and feature refreshed kitchens, bathrooms, flooring, and paint.
Property Size1,608 SF
Price / SF$211.38
Days on Market59
Property Features for 2209 Shenandoah Ave
General Information
Standard status
Active
Size
1,608 SF
Property subtype
Residential Income
Occupancy
100%
Units
Unit Mix
3 x 1BR/1BA
Multifamily Units
3
Additional Details
Gross Income
$30,000
Taxes and HOA fees
Annual Taxes
$1,094
Listing Agency:
Nettwork Global
(636) 614-5132
Listed By:
Joe Geary · License #2018025898
(314) 403-3283
Source:
Exprealty
Added: Aug 18
Changed: Oct 13
Last Checked: Oct 15 at 2:40AM
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 Nettwork Global
Investment Insights
Based on property information with market context.
This 1,608-square-foot triplex contains three one-bedroom, one-bathroom residences at 2209 Shenandoah Ave in Saint Louis. Each unit has received updates including refreshed kitchens and bathrooms, newer flooring, and fresh paint. The layouts are described as clean and functional, with improvements already completed across the property.
All three units are tenant occupied, providing an operating multifamily asset with existing residents in place. The property offers a compact three-unit configuration suited to residential income ownership in McKinley Heights.
All three units are tenant occupied, providing an operating multifamily asset with existing residents in place. The property offers a compact three-unit configuration suited to residential income ownership in McKinley Heights.
Key Highlights
- Three‑unit multifamily property with 1,608 square feet
- Each unit includes 1 bedroom and 1 bathroom
- All 3 units are currently tenant occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,195
Cap Rate
5.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$343,900
$343.9K
Cap Rate 7%
$245,643
$245.6K
Cap Rate 9%
$191,056
$191.1K
Market Conditions
NOI Build-Up for 1,608 SF
Gross rent
$26.0K $16.20/SF
− Vacancy
−$1.5K −$0.92/SF
EGI
$24.6K $15.28/SF
− OpEx
−$7.4K −$4.58/SF
NOI
$17.2K $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 Rate 5%
$343,900
Cap Rate 7%
$245,643
Cap Rate 9%
$191,056
Alternative Uses
Best Use
Multifamily LT 5
$245.6K
$214.9K – $286.6K
NOI $17,195 @ 7.0% cap · market cap 5.06%
Second Best
Apartment 5plus
$213.8K
$187.1K – $249.4K
NOI $14,964 @ 7.0% cap · market cap 4.40%
Theoretical Best
Office A
$345.1K
$302.0K – $402.6K
NOI $24,157 @ 7.0% cap · market cap 7.11%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,044
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
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Triplex - All residences are occupied and feature refreshed kitchens, bathrooms, flooring, and paint.
Where is this triplex located?
The property is located at 2209 Shenandoah Ave Saint Louis, MO.
What is the asking price?
The asking price for this property is $339,900.
What are key features of this property?
This property features: Three‑unit multifamily property with 1,608 square feet; Each unit includes 1 bedroom and 1 bathroom; All 3 units are currently tenant occupied
