Listing Agency: Berkshire Hathaway HomeServices Select Properties k***@bhhsselectstl.com Show Phone

Listed By: Stephanie Nelson Pondrom Show Phone

Source: Exprealty

Added: Jul 28 Changed: Sep 14 Last Checked: Oct 15 at 3:35AM

Report an Issue

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.

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 / Yr

$21,943

Cap Rate

8.47%

Suggested Prices Based on Cap Rates

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

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 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 (±1% cap)

NOI $21,943 @ 7.0% cap · market cap 8.47%

Second Best

Apartment 5plus

$272.8K

$238.7K – $318.3K (±1% cap)

NOI $19,096 @ 7.0% cap · market cap 7.37%

Theoretical Best

Office A

$440.4K

$385.4K – $513.8K (±1% cap)

NOI $30,828 @ 7.0% cap · market cap 11.90%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Duplexes

Suggested Use

Top Pick Dental Office HVAC Service Carpet & Flooring Store Home Appliance Store Storage Facility Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

Similar For Sale Nearby

Tenant-Occupied Duplex with Parking

2108 Allen Ave, Saint Louis, MO 63104

$264,900

2,100 SF

View details

Brick Duplex with Sunrooms

Saint Louis, MO 63109

$285,000

2,088 SF

View details

Updated Brick Duplex

Saint Louis, MO 63111

$199,000

2,048 SF

View details

Duplex with Detached Garage

Saint Louis, MO 63109

$315,000

1,976 SF

View details

Renovated Duplex with Furnished Studio

Saint Louis, MO 63118

$220,000

1,927 SF

View details

Updated Brick Duplex

Saint Louis, MO 63118

$199,900

2,110 SF

View details

Renovated Duplex with Two Units

3829 S Compton Ave, Saint Louis, MO 63118

$189,900

2,086 SF

View details

Updated Brick Duplex

Saint Louis, MO 63118

$285,000

2,292 SF

View details

Brick Duplex with Central Air

Saint Louis, MO 63111

$179,000

2,070 SF

View details

Brick Duplex with Sunrooms

3915 Miami St, Saint Louis, MO 63116

$285,000

2,304 SF

View details

Rehabilitated Brick Duplex

Saint Louis, MO 63111

$219,900

2,240 SF

View details

Two-Unit Duplex with Separate Utilities

Saint Louis, MO 63116

$259,999

1,722 SF

View details

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