Furnished Rental
New
For Sale
$420,000
4027 Cleveland Avenue, Saint Louis, MO 63110
Residential Income, St Louis, MO
Property Size2,596 SF
Lot Size0.07 Acres
Price / SF$161.79
Days on Market5
Property Features for 4027 Cleveland Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Parking features
On Street, Off Street
Fireplace
1
Basement
Unfinished
Subdivision
Tyler Place Add
Elementary school
Mann 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
Standard status
Active
APN
4921-00-0300-0
Size
2,596 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3940
Utilities
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1901
Building materials
Brick
Architectural style
Other
Listing Agency:
Real Broker LLC
(573) 520-3099
Listed By:
Gretchen Kingma
(314) 609-3715
Added: Nov 2
Changed: Nov 3
Last Checked: Nov 6 at 8:06AM
MLS# 26070074
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.
This 2,596-square-foot brick duplex contains two furnished apartments, each with 2 bedrooms and 1 bathroom. Built in 1901 and renovated in 2024–2025, the property retains original fireplace mantels alongside updated kitchens and stainless steel appliances. The upper apartment has a dedicated workspace and private terrace; the lower apartment includes in-unit laundry and access to a shared garden. Heating is forced air, cooling is central air, and parking is available on and off street.
The property is in St. Louis, near Tower Grove Park, the Missouri Botanical Garden, The Grove, and major medical campuses. Both apartments have been operated as furnished rentals, with approximately 80% occupancy reported across the units from November 2025 through October 2026.
The property is in St. Louis, near Tower Grove Park, the Missouri Botanical Garden, The Grove, and major medical campuses. Both apartments have been operated as furnished rentals, with approximately 80% occupancy reported across the units from November 2025 through October 2026.
Key Highlights
- Two furnished apartments, each with 2 bedrooms and 1 bathroom
- 2,596 square feet on a 0.0706‑acre lot
- Brick construction; built in 1901 and renovated in 2024–2025
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,761
Cap Rate
6.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$555,220
$555.2K
Cap Rate 7%
$396,586
$396.6K
Cap Rate 9%
$308,456
$308.5K
Market Conditions
NOI Build-Up for 2,596 SF
Gross rent
$42.1K $16.20/SF
− Vacancy
−$2.4K −$0.92/SF
EGI
$39.7K $15.28/SF
− OpEx
−$11.9K −$4.58/SF
NOI
$27.8K $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%
$555,220
Cap Rate 7%
$396,586
Cap Rate 9%
$308,456
Alternative Uses
Best Use
Multifamily LT 5
$396.6K
$347.0K – $462.7K
NOI $27,761 @ 7.0% cap · market cap 6.61%
Second Best
Apartment 5plus
$345.1K
$302.0K – $402.6K
NOI $24,158 @ 7.0% cap · market cap 5.75%
Theoretical Best
Office A
$557.1K
$487.5K – $650.0K
NOI $39,000 @ 7.0% cap · market cap 9.29%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
702
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two updated apartments come furnished, with separate features including a terrace, workspace, in-unit laundry, and garden access.
Where is this duplex located?
The property is located at 4027 Cleveland Avenue Saint Louis, MO.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: Two furnished apartments, each with 2 bedrooms and 1 bathroom; 2,596 square feet on a 0.0706‑acre lot; Brick construction; built in 1901 and renovated in 2024–2025
