Duplex with Spacious One-Bedroom
For Sale
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4048 Shreve Avenue, Saint Louis, MO 63115
Both residences include separate living and dining rooms, plus kitchens with room for dining.
Property Size2,328 SF
Price / SF$12.84
Days on Market51
Property Features for 4048 Shreve Avenue
General Information
Standard status
Active
Size
2,328 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$327
Building Details
Building Size
2,328 SF
Year Built
1925
Listing Agency:
Keller Williams Chesterfield
(636) 534-8100
Listed By:
Toyin Oduwole · License #2011007448
(314) 258-5771
Source:
Finehomesbydawn
Added: Sep 10
Changed: Oct 25
Last Checked: Oct 29 at 7:21PM
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 Keller Williams Chesterfield
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Investment Insights
Based on property information with market context.
This duplex contains two one-bedroom residences, each with a formal living room, a separate dining room, and a generously sized bedroom. The kitchens are large enough to accommodate dining as well. The building contains 2,328 square feet and dates to 1925.
The property is at 4048 Shreve Avenue in St. Louis, Missouri, in the North St. Louis City area.
The property is at 4048 Shreve Avenue in St. Louis, Missouri, in the North St. Louis City area.
Key Highlights
- Two one‑bedroom residences
- 2,328 square feet
- Each unit has a living room, separate dining room, and spacious bedroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,664
Suggested Prices Based on Cap Rates
Cap Rate 5%
$433,280
$433.3K
Cap Rate 7%
$309,486
$309.5K
Cap Rate 9%
$240,711
$240.7K
Market Conditions
NOI Build-Up for 2,328 SF
Gross rent
$41.9K $18.00/SF
− Vacancy
−$2.5K −$1.08/SF
EGI
$39.4K $16.92/SF
− OpEx
−$17.7K −$7.61/SF
NOI
$21.7K $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 Rate 5%
$433,280
Cap Rate 7%
$309,486
Cap Rate 9%
$240,711
Alternative Uses
Best Use
Multifamily LT 5
$355.6K
$311.2K – $414.9K
NOI $24,895 @ 7.0% cap · market cap 83.26%
Second Best
Apartment 5plus
$309.5K
$270.8K – $361.1K
NOI $21,664 @ 7.0% cap · market cap 72.45%
Theoretical Best
Office A
$499.6K
$437.2K – $582.9K
NOI $34,974 @ 7.0% cap · market cap 116.97%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
421
Businesses Nearby
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Business Placement
Demographics for 63115, MO
16,056
Population
10,208
Households
1.6
Avg Household Size
42
Median Age
14%
College-Educated
85%
High-School Grad
4.3 sq mi
ZIP Area
3,734
Density / Sq Mi
$31,898
Median Household Income
$31,467
Median Earnings
$928
Median Rent
$61,600
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 - Both residences include separate living and dining rooms, plus kitchens with room for dining.
Where is this duplex located?
The property is located at 4048 Shreve Avenue Saint Louis, MO.
What are key features of this property?
This property features: Two one‑bedroom residences; 2,328 square feet; Each unit has a living room, separate dining room, and spacious bedroom
