Brick Duplex with Townhouse
For Sale
$395,000
3801 Folsom Avenue St, Louis, MO 63110
Residential Income, St Louis, MO
Property Size3,168 SF
Lot Size0.12 Acres
Price / SF$124.68
Days on Market46
Property Features for 3801 Folsom Avenue St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 4, Bedroom 3, Bedroom 1, Bedroom 2, Bathroom 2, Bedroom 6, Bedroom 5
Subdivision
Dundee Place Add
Elementary school
Hodgen Elem.
Middle school
Long Middle Community Ed. Center
High school
Vashon High
Elementary school district
St. Louis City
Middle school district
St. Louis City
High school district
St. Louis City
Standard status
Active
APN
4957-00-0090-0
Size
3,168 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2531
Utilities
Heating system
Forced Air
Cooling system
Central Air
Amenities
central air/heat
in-unit laundry
parking
basement storage
Building Details
Year built
1904
Number of units
2
Flooring type
Combination
Building materials
Brick
Architectural style
Other
Listing Agency:
Platinum Realty of St. Louis
(888) 220-0988
Listed By:
Jonathan Douek · License #2012038597
(314) 306-2250
Added: Aug 19
Changed: Sep 26
Last Checked: Oct 3 at 4:06AM
MLS# 26053220
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 two townhouse-style residences within a 3,168-square-foot building on a 0.1175-acre lot. Each unit measures over 1,500 square feet and includes 3 bedrooms, 1.5 baths, an open first-floor arrangement, kitchen access from the living and dining areas, and a first-floor half bath. Upstairs bedrooms include closets and multiple windows. Both residences have forced-air heating, central air conditioning, and in-unit laundry. Clean basements provide tenant storage, while PVC plumbing and updated electrical service add to the building’s functional infrastructure. The property was built in 1904 and includes rear parking.
Located on a corner near a quiet cul-de-sac, the duplex is near Saint Louis University, Shaw, and SSM Hospital. Both units are leased through July 2027, providing an existing occupancy profile for the next owner.
Located on a corner near a quiet cul-de-sac, the duplex is near Saint Louis University, Shaw, and SSM Hospital. Both units are leased through July 2027, providing an existing occupancy profile for the next owner.
Key Highlights
- Two‑unit brick duplex with townhouse‑style floor plans
- Each residence offers over 1,500 sq ft with 3br/1.5ba
- 3,168 square feet on a 0.1175‑acre lot
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
$33,877
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
8.58%
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%
$677,540
$677.5K
Cap Rate 7%
$483,957
$484.0K
Cap Rate 9%
$376,411
$376.4K
Market Conditions
NOI Build-Up for 3,168 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
$51.3K $16.20/SF
− Vacancy
−$2.9K −$0.92/SF
EGI
$48.4K $15.28/SF
− OpEx
−$14.5K −$4.58/SF
NOI
$33.9K $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 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%
$677,540
Cap Rate 7%
$483,957
Cap Rate 9%
$376,411
Alternative Uses
Best Use
Multifamily LT 5
$484.0K
$423.5K – $564.6K
NOI $33,877 @ 7.0% cap · market cap 8.58%
Second Best
Apartment 5plus
$421.2K
$368.5K – $491.4K
NOI $29,481 @ 7.0% cap · market cap 7.46%
Theoretical Best
Office A
$679.9K
$594.9K – $793.2K
NOI $47,594 @ 7.0% cap · market cap 12.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,492
Businesses Nearby
Explore this area
Business Placement
Demographics for 63110, MO
18,199
Population
10,260
Households
1.8
Avg Household Size
33
Median Age
64%
College-Educated
97%
High-School Grad
6.6 sq mi
ZIP Area
2,757
Density / Sq Mi
$73,809
Median Household Income
$55,340
Median Earnings
$1,183
Median Rent
$314,600
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom units offer central HVAC, in-unit laundry, rear parking, and basement storage.
Where is this duplex located?
The property is located at 3801 Folsom Avenue St Louis, MO.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Two‑unit brick duplex with townhouse‑style floor plans; Each residence offers over 1,500 sq ft with 3br/1.5ba; 3,168 square feet on a 0.1175‑acre lot
