Rehabilitated Duplex with Updated
New
For Sale
$235,000
3104 Wyoming Street St, Louis, MO 63118
Residential Income, St Louis, MO
Property Size1,710 SF
Lot Size0.07 Acres
Price / SF$137.43
Days on Market3
Property Features for 3104 Wyoming Street St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 1, Bathroom 2, Bedroom 2, Bathroom 1, Bedroom 3, Bedroom 4, Bathroom 3, Basement
Parking
1
Parking features
Carport, Off Street
Interior features
Ceiling Fan(s), High Ceilings, Historic Millwork, Open Floorplan, Stone Counters
Fencing
Privacy
Basement
Unfinished
Appliances
Dishwasher, Microwave, Electric Range, Refrigerator, Washer/Dryer
Subdivision
St Louis Commons Add
Elementary school
Froebel Elem.
Middle school
Long Middle Community Ed. Center
High school
Roosevelt High
Elementary school district
St. Louis City
Middle school district
St. Louis City
High school district
St. Louis City
Directions
GPS friendly
Standard status
Active
APN
1504-00-0230-0
Size
1,710 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
C.B. 1504 WYOMING 25 FT X 125 FT 2ND CITY SUBDN BLK 1 LOT 9
Tax Annual Amount
1871
Legal Description
C.B. 1504 WYOMING 25 FT X 125 FT 2ND CITY SUBDN BLK 1 LOT 9
Utilities
Utilities
Cable Available
Heating system
Forced Air, Electric (Heating)
Cooling system
Central Air
Water source
Public
Amenities
in-unit laundry
exposed brick
granite countertops
stainless appliances
Building Details
Year built
1900
Floors in Building
2
Number of units
2
Flooring type
Tile - Ceramic, Vinyl
Building materials
Brick
Roof type
Flat
Architectural style
Other
Listing Agency:
Worth Clark Realty
(314) 222-0065
Listed By:
Tammy Derrigan
(800) 991-6092
Added: Aug 31
Changed: Sep 2
Last Checked: Sep 2 at 6:06PM
MLS# 26055829
Copyright © 2026 Mid America Regional Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This brick duplex contains 1,710 square feet across two residential units. The first-floor layout offers two bedrooms and one bathroom, while the second-floor unit includes two bedrooms, two bathrooms, and an en suite primary bedroom. Both units feature open living areas, high ceilings, exposed brick or historic millwork, and updated kitchens with granite countertops and stainless appliances. Laundry is provided within each unit, with hookups on the first floor and a washer and dryer on the second.
Major building improvements were completed in 2019, including a TPO roof, HVAC, electrical, plumbing, water heaters, and PVC stacks. The property also includes a garage-port, off-street parking, a privacy fence, central air, forced-air heating, and a basement. The first-floor unit is occupied, while the second-floor unit is recently vacant.
Located at 3104 Wyoming Street in St. Louis, the duplex is two blocks from Cherokee Street and near South Grand, with Tower Grove Park, Benton Park, and Soulard accessible by bicycle. Major highways are also nearby.
Major building improvements were completed in 2019, including a TPO roof, HVAC, electrical, plumbing, water heaters, and PVC stacks. The property also includes a garage-port, off-street parking, a privacy fence, central air, forced-air heating, and a basement. The first-floor unit is occupied, while the second-floor unit is recently vacant.
Located at 3104 Wyoming Street in St. Louis, the duplex is two blocks from Cherokee Street and near South Grand, with Tower Grove Park, Benton Park, and Soulard accessible by bicycle. Major highways are also nearby.
Key Highlights
- Two‑unit duplex totaling 1,710 square feet on a 0.0717‑acre lot
- 2019 improvements include TPO roof, HVAC, electrical, plumbing, water heaters, and PVC stacks
- First‑floor unit has 2 bedrooms and 1 bathroom; second‑floor unit has 2 bedrooms and 2 bathrooms
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
$18,286
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
7.78%
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%
$365,720
$365.7K
Cap Rate 7%
$261,229
$261.2K
Cap Rate 9%
$203,178
$203.2K
Market Conditions
NOI Build-Up for 1,710 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
$27.7K $16.20/SF
− Vacancy
−$1.6K −$0.92/SF
EGI
$26.1K $15.28/SF
− OpEx
−$7.8K −$4.58/SF
NOI
$18.3K $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%
$365,720
Cap Rate 7%
$261,229
Cap Rate 9%
$203,178
Alternative Uses
Best Use
Multifamily LT 5
$261.2K
$228.6K – $304.8K
NOI $18,286 @ 7.0% cap · market cap 7.78%
Second Best
Apartment 5plus
$227.3K
$198.9K – $265.2K
NOI $15,913 @ 7.0% cap · market cap 6.77%
Theoretical Best
Office A
$367.0K
$321.1K – $428.2K
NOI $25,690 @ 7.0% cap · market cap 10.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,666
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 - Brick duplex with two distinct units, modern kitchens, laundry facilities, and off-street parking.
Where is this duplex located?
The property is located at 3104 Wyoming Street St Louis, MO.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 1,710 square feet on a 0.0717‑acre lot; 2019 improvements include TPO roof, HVAC, electrical, plumbing, water heaters, and PVC stacks; First‑floor unit has 2 bedrooms and 1 bathroom; second‑floor unit has 2 bedrooms and 2 bathrooms
