Two-Unit Duplex with Separate
For Sale
$180,000
3012 Ohio Avenue, Saint Louis, MO 63118
Both apartments include laundry hookups, and the building is currently tenant-occupied.
Property Size1,716 SF
Price / SF$104.90
Days on Market267
Property Features for 3012 Ohio Avenue
General Information
Standard status
Active
Size
1,716 SF
Property subtype
2-4 Units
Additional Details
Multifamily Units
2
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$1,392
Amenities
laundry hook-ups
Building Details
Building Size
1,716 SF
Year Built
1890
Buildings
1
Construction
traditional
Listing Agency:
Keller Williams Realty St. Louis
Listed By:
Brueggemann Tadlock · License #2011010667
(314) 677-6000
Source:
Janetmcafee
Added: Feb 5
Changed: Oct 26
Last Checked: Oct 26 at 2:40PM
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 Keller Williams Realty St. Louis
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Investment Insights
Based on property information with market context.
This two-unit duplex contains 1,716 square feet and was built in 1890. Each apartment has laundry hookups, with tenants supplying their own washer and dryer. The building is currently occupied by tenants and has separate utilities for the two units.
Key Highlights
- Two‑unit duplex
- 1,716 square feet
- Separate utilities for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,969
Cap Rate
8.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$319,380
$319.4K
Cap Rate 7%
$228,129
$228.1K
Cap Rate 9%
$177,433
$177.4K
Market Conditions
NOI Build-Up for 1,716 SF
Gross rent
$30.9K $18.00/SF
− Vacancy
−$1.9K −$1.08/SF
EGI
$29.0K $16.92/SF
− OpEx
−$13.1K −$7.61/SF
NOI
$16.0K $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%
$319,380
Cap Rate 7%
$228,129
Cap Rate 9%
$177,433
Alternative Uses
Best Use
Multifamily LT 5
$262.1K
$229.4K – $305.8K
NOI $18,350 @ 7.0% cap · market cap 10.19%
Second Best
Apartment 5plus
$228.1K
$199.6K – $266.2K
NOI $15,969 @ 7.0% cap · market cap 8.87%
Theoretical Best
Office A
$368.3K
$322.3K – $429.7K
NOI $25,780 @ 7.0% cap · market cap 14.32%
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
1,443
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Both apartments include laundry hookups, and the building is currently tenant-occupied.
Where is this duplex located?
The property is located at 3012 Ohio Avenue Saint Louis, MO.
What is the asking price?
The asking price for this property is $180,000.
What are key features of this property?
This property features: Two‑unit duplex; 1,716 square feet; Separate utilities for each unit
