Two-Unit
For Sale
$300,000
414-416 S Cadillac Drive, Saint Charles, MO 63301
Both homes are rented, and residents handle utility costs and lawn care.
Property Size1,440 SF
Price / SF$208.33
Days on Market38
Property Features for 414-416 S Cadillac Drive
General Information
Standard status
Active
Size
1,440 SF
Property subtype
Residential Income
Occupancy
100%
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$1,902
Amenities
partially finished basements
Building Details
Building Size
1,440 SF
Year Built
1960
Buildings
1
Stories
1
Tenancy
Multi
Listing Agency:
The Hermann London Group LLC
(314) 802-0797
Listed By:
Evelyn Sharp-Heitert
(636) 541-1403
Source:
Eaglerealtygroup
Added: Sep 17
Changed: Oct 23
Last Checked: Oct 23 at 5:45PM
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 The Hermann London Group LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,440-SF duplex at 414-416 S Cadillac Drive contains two residences, each with two bedrooms and one bathroom. Both units are occupied by renters and have partially finished basements. The property was built in 1960; both sides received paint within the past year, and the kitchen cabinets on the 414 side were refaced this year.
Residents pay utilities and take care of lawn maintenance. The property is in St. Charles, with shopping, dining, employment centers, McNair Park, and major roadways identified as nearby destinations.
Residents pay utilities and take care of lawn maintenance. The property is in St. Charles, with shopping, dining, employment centers, McNair Park, and major roadways identified as nearby destinations.
Key Highlights
- Two units, each with 2 bedrooms and 1 bathroom
- 1,440 SF total property size; built in 1960
- Partially finished basement space in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,554
Cap Rate
5.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$311,080
$311.1K
Cap Rate 7%
$222,200
$222.2K
Cap Rate 9%
$172,822
$172.8K
Market Conditions
NOI Build-Up for 1,440 SF
Gross rent
$23.3K $16.20/SF
− Vacancy
−$1.1K −$0.77/SF
EGI
$22.2K $15.43/SF
− OpEx
−$6.7K −$4.63/SF
NOI
$15.6K $10.80/SF
Area
St. Charles County, MO
Vacancy
4.75%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$311,080
Cap Rate 7%
$222,200
Cap Rate 9%
$172,822
Alternative Uses
Best Use
Multifamily LT 5
$222.2K
$194.4K – $259.2K
NOI $15,554 @ 7.0% cap · market cap 5.18%
Second Best
Apartment 5plus
$206.4K
$180.6K – $240.8K
NOI $14,446 @ 7.0% cap · market cap 4.82%
Theoretical Best
Warehouse
$381.1K
$333.5K – $444.6K
NOI $26,678 @ 7.0% cap · market cap 8.89%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
458
Businesses Nearby
Explore this area
Business Placement
Demographics for 63301, MO
50,890
Population
22,687
Households
2.2
Avg Household Size
39
Median Age
39%
College-Educated
94%
High-School Grad
84.3 sq mi
ZIP Area
604
Density / Sq Mi
$83,551
Median Household Income
$46,433
Median Earnings
$1,093
Median Rent
$249,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Both homes are rented, and residents handle utility costs and lawn care.
Where is this duplex located?
The property is located at 414-416 S Cadillac Drive Saint Charles, MO.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 bathroom; 1,440 SF total property size; built in 1960; Partially finished basement space in both units
