Furnished
For Sale
$225,000
3210 Royalton Avenue St, Louis, MO 63114
Residential Income, St Louis, MO
Property Size1,407 SF
Lot Size0.20 Acres
Price / SF$159.91
Days on Market46
Property Features for 3210 Royalton Avenue St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 3, Bedroom 2, Bathroom 1, Bedroom 1, Bathroom 3, Bedroom 4, Bathroom 2, Basement
Parking features
On Street, Driveway
Basement
Sump Pump, French Drain, Unfinished, Walk-Up Access, Block
Subdivision
Orchard Hill
Elementary school
Marion Elem.
Middle school
Ritenour Middle
High school
Ritenour Sr. High
Elementary school district
Ritenour
Middle school district
Ritenour
High school district
Ritenour
Standard status
Active
APN
14L-54-0177
Size
1,407 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2959
Utilities
Heating system
Forced Air, Natural Gas
Cooling system
Ceiling Fan(s), Central Air
Water source
Public
Building Details
Year built
1950
Floors in Building
2
Number of units
3
Building materials
Vinyl Siding
Listing Agency:
EXP Realty, LLC
(866) 224-1761
Listed By:
Christina Swyers · License #2015014415
(913) 908-8001
Added: Jul 22
Changed: Sep 5
Last Checked: Sep 5 at 8:06PM
MLS# 26033586
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 1,407-square-foot triplex contains three separate units: one two-bedroom, one-bath apartment and two studios, each with a private bath. The units are fully furnished and currently operate as short-term rentals with an established income history. All three units are occupied and actively booked, with showings arranged by appointment through the owner.
Built in 1950 on a 0.202-acre lot, the property features vinyl siding, forced-air natural gas heat, central air, ceiling fans, public water, on-street parking, and a driveway. The property carries a reported 15% cap rate. The existing short-term rental operation may be continued, converted to long-term rentals, or combined with owner occupancy of one unit while the others generate income. The property is near shopping, dining, and major roadways in St Louis, Missouri.
Built in 1950 on a 0.202-acre lot, the property features vinyl siding, forced-air natural gas heat, central air, ceiling fans, public water, on-street parking, and a driveway. The property carries a reported 15% cap rate. The existing short-term rental operation may be continued, converted to long-term rentals, or combined with owner occupancy of one unit while the others generate income. The property is near shopping, dining, and major roadways in St Louis, Missouri.
Key Highlights
- Three separate rental units: one 2‑bedroom apartment and two studios
- Fully furnished short‑term rental operation with all units occupied and actively booked
- Reported 15% cap rate with established income history
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
$15,046
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
6.69%
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%
$300,920
$300.9K
Cap Rate 7%
$214,943
$214.9K
Cap Rate 9%
$167,178
$167.2K
Market Conditions
NOI Build-Up for 1,407 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
$22.8K $16.20/SF
− Vacancy
−$1.3K −$0.92/SF
EGI
$21.5K $15.28/SF
− OpEx
−$6.4K −$4.58/SF
NOI
$15.0K $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%
$300,920
Cap Rate 7%
$214,943
Cap Rate 9%
$167,178
Alternative Uses
Best Use
Multifamily LT 5
$214.9K
$188.1K – $250.8K
NOI $15,046 @ 7.0% cap · market cap 6.69%
Second Best
Apartment 5plus
$187.1K
$163.7K – $218.2K
NOI $13,094 @ 7.0% cap · market cap 5.82%
Theoretical Best
Office A
$302.0K
$264.2K – $352.3K
NOI $21,138 @ 7.0% cap · market cap 9.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
100%
Occupancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
375
Businesses Nearby
Explore this area
Business Placement
Demographics for 63114, MO
35,237
Population
15,747
Households
2.2
Avg Household Size
38
Median Age
21%
College-Educated
87%
High-School Grad
8.8 sq mi
ZIP Area
4,004
Density / Sq Mi
$52,048
Median Household Income
$37,116
Median Earnings
$1,082
Median Rent
$109,700
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?
Triplex - Three furnished units currently operate as short-term rentals with established booking activity and separate living configurations.
Where is this triplex located?
The property is located at 3210 Royalton Avenue St Louis, MO.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Three separate rental units: one 2‑bedroom apartment and two studios; Fully furnished short‑term rental operation with all units occupied and actively booked; Reported 15% cap rate with established income history
