Side-by-Side Duplex with
New
For Sale
$625,000
2909 Missouri Ave, Saint Louis, MO 63118
Two-level residences combine open living areas with private decks and access to a shared yard.
Property Size3,906 SF
Price / SF$160.01
Days on Market2
Property Features for 2909 Missouri Ave
General Information
Standard status
Active
Size
3,906 SF
Total Parking Spaces
4
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/2.5BA
Multifamily Units
2
Amenities
deck
yard
basement storage
Building Details
Year Built
1918
Buildings
1
Stories
2
Listing Agency:
Trophy Properties & Auction
Listed By:
DRG - Delhougne Realty Group
(636) 238-3830
Source:
Drgstl
Added: Oct 2
Changed: Oct 3
Last Checked: Oct 2 at 7:26PM
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 Trophy Properties & Auction
Investment Insights
Based on property information with market context.
Built in 1918, this side-by-side duplex contains two residences, each arranged across two levels with roughly 2,000 square feet, 2 bedrooms, and 2.5 bathrooms. Ten-foot ceilings extend across both floors. Hardwood flooring runs through the rooms except the tiled bathrooms, which also feature granite counters. Each residence has an open kitchen, dining, and living area, along with a basement described as dry, freshly painted, and cleaned. Brand-new windows have been installed on the vacant right side.
Outdoor features include a painted deck, a grassy city yard, and a separate two-car garage for each residence. The property is in Benton Park, east of Jefferson. One side is occupied by a tenant; the other is vacant.
Outdoor features include a painted deck, a grassy city yard, and a separate two-car garage for each residence. The property is in Benton Park, east of Jefferson. One side is occupied by a tenant; the other is vacant.
Key Highlights
- Two side‑by‑side residences, each with roughly 2,000 square feet
- Each unit has 2 bedrooms, 2.5 bathrooms, and two levels
- Ten‑foot ceilings on both floors
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
$41,769
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
6.68%
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%
$835,380
$835.4K
Cap Rate 7%
$596,700
$596.7K
Cap Rate 9%
$464,100
$464.1K
Market Conditions
NOI Build-Up for 3,906 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
$63.3K $16.20/SF
− Vacancy
−$3.6K −$0.92/SF
EGI
$59.7K $15.28/SF
− OpEx
−$17.9K −$4.58/SF
NOI
$41.8K $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%
$835,380
Cap Rate 7%
$596,700
Cap Rate 9%
$464,100
Alternative Uses
Best Use
Multifamily LT 5
$596.7K
$522.1K – $696.2K
NOI $41,769 @ 7.0% cap · market cap 6.68%
Second Best
Apartment 5plus
$519.3K
$454.4K – $605.8K
NOI $36,349 @ 7.0% cap · market cap 5.82%
Theoretical Best
Office A
$838.3K
$733.5K – $978.0K
NOI $58,681 @ 7.0% cap · market cap 9.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,433
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
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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?
Duplex - Two-level residences combine open living areas with private decks and access to a shared yard.
Where is this duplex located?
The property is located at 2909 Missouri Ave Saint Louis, MO.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Two side‑by‑side residences, each with roughly 2,000 square feet; Each unit has 2 bedrooms, 2.5 bathrooms, and two levels; Ten‑foot ceilings on both floors
