Historic Duplex with
New
For Sale
$399,900
3307 Halliday Ave, Saint Louis, MO 63118
Two spacious units retain original millwork, pocket doors, mantels, cabinetry, and butler’s pantries.
Property Size3,476 SF
Price / SF$115.05
Days on Market6
Property Features for 3307 Halliday Ave
General Information
Standard status
Active
Size
3,476 SF
Property subtype
Residential Income
Additional Details
Highway Access
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,884
Amenities
separate laundry areas
fenced backyard
Building Details
Buildings
1
Listing Agency:
RedKey Realty Leaders Circa
(314) 352-5200
Listed By:
Dan Brassil
(314) 452-8211
Source:
Exprealty
Added: Sep 8
Changed: Sep 10
Last Checked: Sep 13 at 2:49PM
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 RedKey Realty Leaders Circa
Investment Insights
Based on property information with market context.
This historic two-family property contains 3,476 SF across two generously sized units. Each residence includes distinct living and dining areas, spacious kitchens, adjoining sunrooms, and separate laundry areas. Original architectural elements include millwork, pocket doors, fireplace mantels with original tile, built-in cabinetry, and butler’s pantries. A fenced backyard adds outdoor space, while the broad floor plans support both owner occupancy and investment use.
The property is located in Tower Grove East at 3307 Halliday Ave in Saint Louis, near Tower Grove Park, South Grand, neighborhood restaurants, shops, and other amenities. The setting also provides access to nearby highways. Its combination of two-family functionality, substantial interior area, historic detailing, and additional sunroom space gives each unit a distinctive residential layout.
The property is located in Tower Grove East at 3307 Halliday Ave in Saint Louis, near Tower Grove Park, South Grand, neighborhood restaurants, shops, and other amenities. The setting also provides access to nearby highways. Its combination of two-family functionality, substantial interior area, historic detailing, and additional sunroom space gives each unit a distinctive residential layout.
Key Highlights
- 3,476 SF historic two‑family property
- Two spacious units with separate laundry areas
- Original millwork, pocket doors, fireplace mantels, and built‑in cabinetry
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
$32,348
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
8.09%
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%
$646,960
$647.0K
Cap Rate 7%
$462,114
$462.1K
Cap Rate 9%
$359,422
$359.4K
Market Conditions
NOI Build-Up for 3,476 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
$62.6K $18.00/SF
− Vacancy
−$3.8K −$1.08/SF
EGI
$58.8K $16.92/SF
− OpEx
−$26.5K −$7.61/SF
NOI
$32.3K $9.31/SF
Area
St. Louis County, MO
Vacancy
6.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
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%
$646,960
Cap Rate 7%
$462,114
Cap Rate 9%
$359,422
Alternative Uses
Best Use
Multifamily LT 5
$531.0K
$464.6K – $619.5K
NOI $37,171 @ 7.0% cap · market cap 9.30%
Second Best
Apartment 5plus
$462.1K
$404.4K – $539.1K
NOI $32,348 @ 7.0% cap · market cap 8.09%
Theoretical Best
Office A
$746.0K
$652.8K – $870.4K
NOI $52,221 @ 7.0% cap · market cap 13.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
821
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Two spacious units retain original millwork, pocket doors, mantels, cabinetry, and butler’s pantries.
Where is this duplex located?
The property is located at 3307 Halliday Ave Saint Louis, MO.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: 3,476 SF historic two‑family property; Two spacious units with separate laundry areas; Original millwork, pocket doors, fireplace mantels, and built‑in cabinetry
