Brick Duplex with Private
3251 Morganford Road, Saint Louis, MO 63116
For Sale
New
$345,000
Residential Income, St Louis, MO
Property Size1,862 SF
Lot Size0.09 Acres
Price / SF$185.28
Days on Market3
Property Features for 3251 Morganford Road
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Parking features
Window features
Patio and Porch features
Interior features
Exterior features
Fencing
Fireplace
Basement
Appliances
Subdivision
Lot features
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Standard status
APN
Size
Lot size
Additional Details
Individually Metered Utilities
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Heating system
Cooling system
Water source
Amenities
back deck
in-unit laundry
stainless appliances
pantry
decorative fireplace
fenced yard
garden beds
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Architectural style
Buildings
Listing Agency:
Worth Clark Realty
(314) 222-0065
Listed By:
Lance Appleby · License #2016000902
(314) 623-4870
Added: Nov 5
Changed: Nov 6
Last Checked: Nov 7 at 10:06AM
MLS# 26066846
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.
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Investment Insights
Based on property information with market context.
Built in 1909, this brick duplex contains two one-bedroom, one-bathroom apartments, each with a full kitchen and private deck. The building totals 1,862 square feet on a 0.0861-acre lot. Separate electric panels, water heaters, and HVAC systems serve the units; the air-conditioning systems date to 2023. The first-floor apartment has a walkout basement with laundry and storage, while the upstairs unit has a washer and dryer in a hall closet.
A fenced yard, garden beds, and a new two-car garage-port are located behind the building. McDonald Park is 528 feet away, and Tower Grove Park is within walking distance. The property is also about one mile from South Grand and less than 1.5 miles from the CWE via the Tower Grove connector bike path.
A fenced yard, garden beds, and a new two-car garage-port are located behind the building. McDonald Park is 528 feet away, and Tower Grove Park is within walking distance. The property is also about one mile from South Grand and less than 1.5 miles from the CWE via the Tower Grove connector bike path.
Key Highlights
- Two one‑bedroom, one‑bathroom apartments in a 1,862‑square‑foot building
- Built in 1909; brick construction
- 0.0861‑acre lot with fenced yard and garden beds
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,912
Cap Rate
5.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$398,240
$398.2K
Cap Rate 7%
$284,457
$284.5K
Cap Rate 9%
$221,244
$221.2K
Market Conditions
NOI Build-Up for 1,862 SF
Gross rent
$30.2K $16.20/SF
− Vacancy
−$1.7K −$0.92/SF
EGI
$28.4K $15.28/SF
− OpEx
−$8.5K −$4.58/SF
NOI
$19.9K $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%
$398,240
Cap Rate 7%
$284,457
Cap Rate 9%
$221,244
Alternative Uses
Best Use
Multifamily LT 5
$284.5K
$248.9K – $331.9K
NOI $19,912 @ 7.0% cap · market cap 5.77%
Second Best
Apartment 5plus
$247.5K
$216.6K – $288.8K
NOI $17,328 @ 7.0% cap · market cap 5.02%
Theoretical Best
Office A
$399.6K
$349.7K – $466.2K
NOI $27,973 @ 7.0% cap · market cap 8.11%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
764
Businesses Nearby
Explore this area
Business Placement
Demographics for 63116, MO
41,959
Population
22,394
Households
1.9
Avg Household Size
37
Median Age
37%
College-Educated
90%
High-School Grad
5.4 sq mi
ZIP Area
7,770
Density / Sq Mi
$60,193
Median Household Income
$42,012
Median Earnings
$946
Median Rent
$161,100
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Saint Louis, MO
Properties on Market for Duplexes in Saint Louis
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two independently serviced apartments include separate electric panels, water heaters, and HVAC systems.
Where is this duplex located?
The property is located at 3251 Morganford Road Saint Louis, MO.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: Two one‑bedroom, one‑bathroom apartments in a 1,862‑square‑foot building; Built in 1909; brick construction; 0.0861‑acre lot with fenced yard and garden beds
