Brick Duplex With Private
For Sale
$400,000
4036 Flad Avenue St, Louis, MO 63110
MULTI_FAMILY - Other - St Louis, MO
Property Size2,664 SF
Lot Size0.07 Acres
Price / SF$150.15
Days on Market30
Property Features for 4036 Flad Avenue St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 1, Bedroom 5, Basement, Bedroom 4, Bedroom 3, Bathroom 2, Bedroom 2
Fireplace
1
Basement
Unfinished, Walk-Out Access
Subdivision
Tyler Place
Lot features
Back Yard, City Lot
Elementary school
Mann Elem.
Middle school
Fanning Middle Community Ed.
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
4921-00-0110-0
Size
2,664 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4916
Utilities
Heating system
Forced Air
Cooling system
Electric, Central Air
Water source
Public
Amenities
private deck
fenced backyard
Building Details
Year built
1899
Flooring type
Hardwood, Tile - Ceramic
Building materials
Brick, Stone
Architectural style
Other
Listing Agency:
Epique Realty
(888) 893-3537
Listed By:
Todd Murray · License #2020041827
(816) 522-4531
Added: Jul 23
Changed: Aug 18
Last Checked: Aug 21 at 3:06AM
MLS# 26046680
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 2,664-square-foot duplex contains a larger upper residence across the second and third floors and a one-bedroom apartment on the main level. The upper unit offers three bedrooms, an open living and dining arrangement, a renovated kitchen, and an updated full bathroom. The lower apartment includes hardwood flooring, a living room, dining area, updated kitchen, and renovated bathroom. Both residences have private rear decks opening to a fenced backyard, and appliances for each unit are included.
Built in 1899 with brick and stone construction, the property features hardwood and ceramic tile flooring, forced-air heat, electric central air, a fireplace, and public water service. The 0.0706-acre parcel is located at 4036 Flad Avenue in St. Louis, blocks from the Missouri Botanical Garden and Tower Grove Park, with neighborhood restaurants and recurring market and food-truck events nearby.
Built in 1899 with brick and stone construction, the property features hardwood and ceramic tile flooring, forced-air heat, electric central air, a fireplace, and public water service. The 0.0706-acre parcel is located at 4036 Flad Avenue in St. Louis, blocks from the Missouri Botanical Garden and Tower Grove Park, with neighborhood restaurants and recurring market and food-truck events nearby.
Key Highlights
- 2,664 SF duplex with a three‑bedroom upper unit and one‑bedroom main‑level apartment
- Upper residence spans the second and third floors
- Private rear deck provided for each unit
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
$28,488
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
7.12%
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%
$569,760
$569.8K
Cap Rate 7%
$406,971
$407.0K
Cap Rate 9%
$316,533
$316.5K
Market Conditions
NOI Build-Up for 2,664 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
$43.2K $16.20/SF
− Vacancy
−$2.5K −$0.92/SF
EGI
$40.7K $15.28/SF
− OpEx
−$12.2K −$4.58/SF
NOI
$28.5K $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%
$569,760
Cap Rate 7%
$406,971
Cap Rate 9%
$316,533
Alternative Uses
Best Use
Multifamily LT 5
$407.0K
$356.1K – $474.8K
NOI $28,488 @ 7.0% cap · market cap 7.12%
Second Best
Apartment 5plus
$354.2K
$309.9K – $413.2K
NOI $24,791 @ 7.0% cap · market cap 6.20%
Theoretical Best
Office A
$571.7K
$500.3K – $667.0K
NOI $40,022 @ 7.0% cap · market cap 10.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,104
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
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-unit property with separate outdoor areas, updated kitchens and baths, and appliances included for both residences.
Where is this duplex located?
The property is located at 4036 Flad Avenue St Louis, MO.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: 2,664 SF duplex with a three‑bedroom upper unit and one‑bedroom main‑level apartment; Upper residence spans the second and third floors; Private rear deck provided for each unit
