Leased Two-Unit
For Sale
$230,850
415 Fassen Street, Saint Louis, MO 63111
Residential Income, St Louis, MO
Property Size1,862 SF
Lot Size0.07 Acres
Price / SF$123.98
Days on Market101
Property Features for 415 Fassen Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 2, Basement
Parking features
On Street
Basement
Full
Subdivision
Carondelet City Bl 2837
Elementary school
Woodward Elem.
Middle school
Lyon-Blow Middle
High school
Roosevelt High
Elementary school district
St. Louis City
Middle school district
St. Louis City
High school district
St. Louis City
Directions
Google Friendly
Standard status
Active
APN
2837-00-0100-0
Size
1,862 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
1618
Utilities
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1914
Floors in Building
2
Number of units
2
Building materials
Brick
Architectural style
Other
Listing Agency:
EXP Realty, LLC
(866) 224-1761
Listed By:
Jennifer Wilson · License #2019013461
(314) 225-1527
Added: Jul 22
Changed: Oct 28
Last Checked: Oct 30 at 9:06AM
MLS# 26040721
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.
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Investment Insights
Based on property information with market context.
Built in 1914, this brick duplex contains two one-bedroom, one-bathroom apartments, and both are leased. The 1,862-square-foot building includes a basement and a detached garage. Heating is provided by a forced-air system, with central air conditioning for cooling.
The property occupies a 0.0713-acre lot in St. Louis. Shopping, dining, parks, public transportation, and major highways are in the surrounding area.
The property occupies a 0.0713-acre lot in St. Louis. Shopping, dining, parks, public transportation, and major highways are in the surrounding area.
Key Highlights
- Two leased apartments, each with 1 bedroom and 1 bathroom
- 1,862‑square‑foot brick duplex built in 1914
- Detached garage and basement
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
100%
Occupancy
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - The brick residence has central air conditioning, forced-air heat, and a detached garage.
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 leased apartments, each with 1 bedroom and 1 bathroom; 1,862‑square‑foot brick duplex built in 1914; Detached garage and basement
