Two-Unit Duplex with
For Sale
$259,000
3027 Magnolia Ave, Saint Louis, MO 63118
Well-kept income property with two-bedroom units, fenced outdoor space, and separate laundry hookups.
Property Size2,052 SF
Price / SF$126.22
Days on Market27
Property Features for 3027 Magnolia Ave
General Information
Standard status
Active
Size
2,052 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$2,709
Listing Agency:
Berkshire Hathaway HomeServices Select Properties
(314) 410-0772
Listed By:
Stephanie Nelson Pondrom
(314) 410-0772
Source:
Exprealty
Added: Jul 28
Changed: Aug 21
Last Checked: Aug 23 at 4:26AM
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 Berkshire Hathaway HomeServices Select Properties
Investment Insights
Based on property information with market context.
This 2,052-square-foot duplex contains two apartments, each offering 2 bedrooms and 1 bath. Interior features include hardwood flooring, updated eat-in kitchens and bathrooms, bright living areas, and private rear decks. A fenced corner parcel and detached 2-car garage provide additional utility, while the basement includes dedicated washer and dryer connections for each residence along with storage space.
The first-floor apartment is leased through 2/2027, and the upper apartment is leased through 8/2027. The property is located at 3027 Magnolia Ave in Saint Louis, near Starbucks, Tower Grove Park, South Grand restaurants, SLU, and Interstate 44. HVAC systems, electrical service, and water heaters have been updated.
The first-floor apartment is leased through 2/2027, and the upper apartment is leased through 8/2027. The property is located at 3027 Magnolia Ave in Saint Louis, near Starbucks, Tower Grove Park, South Grand restaurants, SLU, and Interstate 44. HVAC systems, electrical service, and water heaters have been updated.
Key Highlights
- 2,052‑square‑foot duplex with two 2‑bedroom, 1‑bath apartments
- 2‑car garage and completely fenced corner lot
- First‑floor lease runs through 2/2027; upper unit through 8/2027
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
$21,943
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
8.47%
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%
$438,860
$438.9K
Cap Rate 7%
$313,471
$313.5K
Cap Rate 9%
$243,811
$243.8K
Market Conditions
NOI Build-Up for 2,052 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
$33.2K $16.20/SF
− Vacancy
−$1.9K −$0.92/SF
EGI
$31.3K $15.28/SF
− OpEx
−$9.4K −$4.58/SF
NOI
$21.9K $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%
$438,860
Cap Rate 7%
$313,471
Cap Rate 9%
$243,811
Alternative Uses
Best Use
Multifamily LT 5
$313.5K
$274.3K – $365.7K
NOI $21,943 @ 7.0% cap · market cap 8.47%
Second Best
Apartment 5plus
$272.8K
$238.7K – $318.3K
NOI $19,096 @ 7.0% cap · market cap 7.37%
Theoretical Best
Office A
$440.4K
$385.4K – $513.8K
NOI $30,828 @ 7.0% cap · market cap 11.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,026
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 - Well-kept income property with two-bedroom units, fenced outdoor space, and separate laundry hookups.
Where is this duplex located?
The property is located at 3027 Magnolia Ave Saint Louis, MO.
What is the asking price?
The asking price for this property is $259,000.
What are key features of this property?
This property features: 2,052‑square‑foot duplex with two 2‑bedroom, 1‑bath apartments; 2‑car garage and completely fenced corner lot; First‑floor lease runs through 2/2027; upper unit through 8/2027
