Duplex with In-Unit
For Sale
$329,000
2347 Klemm St, Saint Louis, MO 63110
Two-level rental property with one occupied residence and a separate first-floor unit available for renovation or occupancy.
Property Size3,186 SF
Price / SF$103.26
Days on Market57
Property Features for 2347 Klemm St
General Information
Standard status
Active
Size
3,186 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,418
Building Details
Buildings
1
Listing Agency:
RE/MAX EDGE
(636) 300-3030
Listed By:
Logan Owens · License #2017042778
(636) 795-8788
Source:
Exprealty
Added: Sep 4
Changed: Oct 25
Last Checked: Oct 28 at 11:51AM
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 RE/MAX EDGE
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Investment Insights
Based on property information with market context.
This 3,186-square-foot duplex includes two residential units with distinct layouts. The upper residence has two large bedrooms, a smaller third bedroom, one full bathroom, and in-unit laundry. It is occupied by a long-term tenant under a lease ending April 30, 2027. The first-floor residence is vacant and offers two large bedrooms, a pass-through bonus room, one and one-half bathrooms, original flooring, and basement access with laundry hookups.
The property is located at 2347 Klemm St in Saint Louis's Shaw neighborhood, directly across from Tower Grove Park. The separate occupancy status of the two units supports either continued rental operation or owner occupancy of the vacant residence while retaining the upstairs tenancy.
The property is located at 2347 Klemm St in Saint Louis's Shaw neighborhood, directly across from Tower Grove Park. The separate occupancy status of the two units supports either continued rental operation or owner occupancy of the vacant residence while retaining the upstairs tenancy.
Key Highlights
- 3,186 SF duplex with two residential units
- Upper unit leased through April 30, 2027
- Second‑floor layout includes 2 large bedrooms, 1 smaller bedroom, and 1 full bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,649
Cap Rate
9.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$592,980
$593.0K
Cap Rate 7%
$423,557
$423.6K
Cap Rate 9%
$329,433
$329.4K
Market Conditions
NOI Build-Up for 3,186 SF
Gross rent
$57.3K $18.00/SF
− Vacancy
−$3.4K −$1.08/SF
EGI
$53.9K $16.92/SF
− OpEx
−$24.3K −$7.61/SF
NOI
$29.6K $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 Rate 5%
$592,980
Cap Rate 7%
$423,557
Cap Rate 9%
$329,433
Alternative Uses
Best Use
Multifamily LT 5
$486.7K
$425.9K – $567.8K
NOI $34,070 @ 7.0% cap · market cap 10.36%
Second Best
Apartment 5plus
$423.6K
$370.6K – $494.2K
NOI $29,649 @ 7.0% cap · market cap 9.01%
Theoretical Best
Office A
$683.8K
$598.3K – $797.7K
NOI $47,864 @ 7.0% cap · market cap 14.55%
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
511
Businesses Nearby
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Business Placement
Demographics for 63110, MO
18,199
Population
10,260
Households
1.8
Avg Household Size
33
Median Age
64%
College-Educated
97%
High-School Grad
6.6 sq mi
ZIP Area
2,757
Density / Sq Mi
$73,809
Median Household Income
$55,340
Median Earnings
$1,183
Median Rent
$314,600
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-level rental property with one occupied residence and a separate first-floor unit available for renovation or occupancy.
Where is this duplex located?
The property is located at 2347 Klemm St Saint Louis, MO.
What is the asking price?
The asking price for this property is $329,000.
What are key features of this property?
This property features: 3,186 SF duplex with two residential units; Upper unit leased through April 30, 2027; Second‑floor layout includes 2 large bedrooms, 1 smaller bedroom, and 1 full bath
