Historic Duplex With Deck Overlooking Benton
For Sale
$375,000
Pending
2216-2218 Wyoming Street St, Louis, MO 63118
MULTI_FAMILY - Other - St Louis, MO
Property Size3,500 SF
Days on Market37
Property Features for 2216-2218 Wyoming Street St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bedroom 1, Bathroom 3, Bathroom 2, Basement, Bedroom 3, Bedroom 4, Bathroom 4, Dining Room, Bedroom 2
Parking features
On Street
Window features
Storm Window(s)
Patio and Porch features
Deck
Interior features
Separate Dining, Tub, Open Floorplan, High Ceilings, Breakfast Bar, Eat-in Kitchen, Pantry
Exterior features
Dock
Basement
Unfinished, Storage Space
Appliances
Gas Water Heater, Dishwasher, Disposal, Dryer, Range, Refrigerator, Washer
Subdivision
benton park
Lot features
Near Park
Elementary school
Shenandoah Elem.
Middle school
Fanning Middle Community Ed.
High school
Roosevelt High
Elementary school district
St. Louis City
Middle school district
St. Louis City
High school district
St. Louis City
Standard status
Pending
APN
1524-00-0320-0
Size
3,500 SF
Taxes and HOA fees
Tax Year
2021
Tax Annual Amount
1399
Utilities
Utilities
Cable Available
Heating system
Forced Air, Natural Gas
Cooling system
Electric, Central Air
Water source
Public
Amenities
basement storage
laundry
Building Details
Year built
1884
Floors in Building
2
Number of units
2
Building materials
Brick
Architectural style
Other
Listing Agency:
Elevate Realty, LLC
(314) 380-0581
Listed By:
Gina Pate
(314) 369-4743
Added: Jul 16
Changed: Aug 4
Last Checked: Aug 21 at 3:06PM
MLS# 26043599
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.
Historic duplex at 2216-2218 Wyoming Street in St. Louis, MO 63118, built in 1884. The property includes two separate units: 2216 is a 2-bedroom, 1-bath home and is currently occupied. 2218 is a 2-bedroom, 2.5-bath unit with approximately 1,900 square feet and is available for viewing with an approved appointment.
Both units have access to a basement for storage, along with laundry. Interior features referenced for the property include separate dining, open floorplan elements, high ceilings, breakfast bar, eat-in kitchen, and pantry. Appliances include a gas water heater, dishwasher, disposal, dryer, range, refrigerator, and washer. Heating is natural gas forced air, with central air and electric cooling.
Exterior features include a deck and dock. Parking is listed as on-street. The property is directly across the street from Benton Park, with walking distance to area restaurants.
Both units have access to a basement for storage, along with laundry. Interior features referenced for the property include separate dining, open floorplan elements, high ceilings, breakfast bar, eat-in kitchen, and pantry. Appliances include a gas water heater, dishwasher, disposal, dryer, range, refrigerator, and washer. Heating is natural gas forced air, with central air and electric cooling.
Exterior features include a deck and dock. Parking is listed as on-street. The property is directly across the street from Benton Park, with walking distance to area restaurants.
Key Highlights
- Historic duplex built in 1884 at 2216‑2218 Wyoming Street
- Two units: 2216 is 2 bed/1 bath and occupied; 2218 is 2 bed/2.5 bath
- 2218 unit is approximately 1,900 SF and available for viewing by approved appointment
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
$32,571
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
8.69%
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%
$651,420
$651.4K
Cap Rate 7%
$465,300
$465.3K
Cap Rate 9%
$361,900
$361.9K
Market Conditions
NOI Build-Up for 3,500 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
$63.0K $18.00/SF
− Vacancy
−$3.8K −$1.08/SF
EGI
$59.2K $16.92/SF
− OpEx
−$26.6K −$7.61/SF
NOI
$32.6K $9.31/SF
Area
St. Louis County, MO
Vacancy
6.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
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%
$651,420
Cap Rate 7%
$465,300
Cap Rate 9%
$361,900
Alternative Uses
Best Use
Multifamily LT 5
$534.7K
$467.9K – $623.8K
NOI $37,428 @ 7.0% cap · market cap 9.98%
Second Best
Apartment 5plus
$465.3K
$407.1K – $542.9K
NOI $32,571 @ 7.0% cap · market cap 8.69%
Theoretical Best
Office A
$751.2K
$657.3K – $876.4K
NOI $52,581 @ 7.0% cap · market cap 14.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,362
Businesses Nearby
Explore this area
Business Placement
Demographics for 63118, MO
25,194
Population
14,770
Households
1.7
Avg Household Size
34
Median Age
38%
College-Educated
87%
High-School Grad
3.4 sq mi
ZIP Area
7,410
Density / Sq Mi
$57,268
Median Household Income
$44,717
Median Earnings
$952
Median Rent
$210,900
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 - Historic St. Louis duplex with two separate units, basement laundry/storage, and a deck setting overlooking Benton Park.
Where is this duplex located?
The property is located at 2216-2218 Wyoming Street St Louis, MO.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Historic duplex built in 1884 at 2216‑2218 Wyoming Street; Two units: 2216 is 2 bed/1 bath and occupied; 2218 is 2 bed/2.5 bath; 2218 unit is approximately 1,900 SF and available for viewing by approved appointment
