Brick Duplex with Private
New
For Sale
$400,000
4036 Flad Avenue St, Louis, MO 63110
Residential Income, St Louis, MO
Property Size2,664 SF
Lot Size0.07 Acres
Price / SF$150.15
Days on Market4
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
Bedroom 1, Bedroom 4, Bedroom 2, Bathroom 1, Bedroom 3, Bedroom 5, Basement, Bathroom 2
Fireplace
1
Basement
Walk-Up Access, 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
Utilities
Cable Available
Heating system
Forced Air
Cooling system
Electric, Central Air
Water source
Public
Amenities
private rear deck
fenced backyard
hardwood floors
Building Details
Year built
1899
Number of units
2
Flooring type
Carpet, Tile - Ceramic, Hardwood
Building materials
Brick, Stone
Architectural style
Other
Listing Agency:
Epique Realty
(888) 893-3537
Listed By:
Todd Murray · License #2020041827
(816) 522-4531
Added: Aug 28
Changed: Aug 29
Last Checked: Aug 31 at 6:06AM
MLS# 26055609
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 brick and stone duplex, built in 1899, contains two separately configured residences. The upper home occupies the second and third floors with three bedrooms, an open living and dining arrangement, a renovated kitchen, and an updated full bathroom with tiled shower. A large walk-in closet provides additional flexible space. The main-level apartment includes one bedroom, hardwood flooring, a living room, dining area, updated kitchen, and renovated bathroom. Each unit has a private rear deck overlooking the fenced backyard, and appliances for both residences are included.
The property is located at 4036 Flad Avenue in St. Louis, near the Missouri Botanical Garden and Tower Grove Park. Neighborhood amenities identified in the property information include Food Truck Fridays, the Tower Grove Farmers' Market, and nearby restaurants. The site measures 0.0706 acres and has public water, cable availability, forced-air heating, central air, electric cooling, and a fireplace.
The property is located at 4036 Flad Avenue in St. Louis, near the Missouri Botanical Garden and Tower Grove Park. Neighborhood amenities identified in the property information include Food Truck Fridays, the Tower Grove Farmers' Market, and nearby restaurants. The site measures 0.0706 acres and has public water, cable availability, forced-air heating, central air, electric cooling, and a fireplace.
Key Highlights
- 2,664‑square‑foot duplex on 0.0706 acres
- Upper residence spans the second and third floors with 3 bedrooms
- Main‑level apartment includes 1 bedroom
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 distinct residences offer updated kitchens, renovated baths, hardwood flooring, and separate outdoor areas.
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‑square‑foot duplex on 0.0706 acres; Upper residence spans the second and third floors with 3 bedrooms; Main‑level apartment includes 1 bedroom
