Two-Unit Duplex with Detached
For Sale
$230,850
415 Fassen Street, Saint Louis, MO 63111
Both residences are leased, with one bedroom and one bathroom in each unit.
Property Size1,862 SF
Price / SF$123.98
Days on Market124
Property Features for 415 Fassen Street
General Information
Standard status
Active
Size
1,862 SF
Property subtype
2-4 Units
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$1,618
Building Details
Building Size
1,862 SF
Year Built
1914
Listing Agency:
EXP Realty, LLC
Listed By:
Jennifer Wilson · License #2019013461
(866) 224-1761
Source:
Janetmcafee
Added: Jun 29
Changed: Oct 27
Last Checked: Oct 26 at 2:18PM
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 EXP Realty, LLC
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Investment Insights
Based on property information with market context.
This 1,862-square-foot duplex contains two one-bedroom, one-bathroom residences, both leased. A detached garage is also part of the property. Built in 1914, the building offers a two-unit residential configuration.
Shopping, dining, parks, public transportation, and major highways are located nearby.
Shopping, dining, parks, public transportation, and major highways are located nearby.
Key Highlights
- Two units, each with 1 bedroom and 1 bathroom
- Both residences are currently leased
- Detached garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,912
Cap Rate
8.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$398,240
$398.2K
Cap Rate 7%
$284,457
$284.5K
Cap Rate 9%
$221,244
$221.2K
Market Conditions
NOI Build-Up for 1,862 SF
Gross rent
$30.2K $16.20/SF
− Vacancy
−$1.7K −$0.92/SF
EGI
$28.4K $15.28/SF
− OpEx
−$8.5K −$4.58/SF
NOI
$19.9K $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%
$398,240
Cap Rate 7%
$284,457
Cap Rate 9%
$221,244
Alternative Uses
Best Use
Multifamily LT 5
$284.5K
$248.9K – $331.9K
NOI $19,912 @ 7.0% cap · market cap 8.63%
Second Best
Apartment 5plus
$247.5K
$216.6K – $288.8K
NOI $17,328 @ 7.0% cap · market cap 7.51%
Theoretical Best
Office A
$399.6K
$349.7K – $466.2K
NOI $27,973 @ 7.0% cap · market cap 12.12%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
496
Businesses Nearby
Explore this area
Business Placement
Demographics for 63111, MO
19,538
Population
10,541
Households
1.9
Avg Household Size
37
Median Age
19%
College-Educated
86%
High-School Grad
3.2 sq mi
ZIP Area
6,106
Density / Sq Mi
$43,295
Median Household Income
$33,114
Median Earnings
$846
Median Rent
$115,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are leased, with one bedroom and one bathroom in each unit.
Where is this duplex located?
The property is located at 415 Fassen Street Saint Louis, MO.
What is the asking price?
The asking price for this property is $230,850.
What are key features of this property?
This property features: Two units, each with 1 bedroom and 1 bathroom; Both residences are currently leased; Detached garage
