Two-Unit Residential Income
415 Fassen Street St Louis, MO 63111
415 Fassen Street St, Louis, MO, 63111
$239,900
For Sale
$239,900
MULTI_FAMILY - Other - St Louis, MO
Property Size1,862 SF
Lot Size0.07 Acres
Price / SF$128.84
Days on Market24
Property Features for 415 Fassen Street St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking features
- On Street
- Basement
- Full
- 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
(913) 908-8001
Added: Jun 29 Updated: Jul 22 at 12:33PM Checked: Jul 22 at 11:06PM
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.
Investment Insights
Based on property information with market context.
This two-unit residential income property features two separate 1-bedroom, 1-bath units. Both units are currently leased. A detached garage is included on the property.
Located in St. Louis City, the address is 415 Fassen Street (63111). The public remarks indicate convenience to shopping, restaurants, parks, public transportation, and major highways.
The property is listed with a lot size of 0.0713 acres and a total property size of 1,862 square feet.
Located in St. Louis City, the address is 415 Fassen Street (63111). The public remarks indicate convenience to shopping, restaurants, parks, public transportation, and major highways.
The property is listed with a lot size of 0.0713 acres and a total property size of 1,862 square feet.
Key Highlights
- 2‑family property with two 1‑bedroom, 1‑bath units, both currently leased
- Year built 1914 with brick construction
- Forced air heating and central air cooling
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $30.2k | $16.20 |
| − Vacancy | −$1.7k | −$0.92 |
| EGI | $28.4k | $15.28 |
| − OpEx | −$8.5k | −$4.58 |
| NOI | $19.9k | $10.69 |
1,862 SF · lease $16.20/SF/yr · vacancy 5.70% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$284.5K
$248.9K – $331.9K
NOI $19,912 @ 7.0% cap · market cap 8.30%
Second Best
Apartment 5plus
$247.5K
$216.6K – $288.8K
NOI $17,328 @ 7.0% cap · market cap 7.22%
Theoretical Best
Office A
$399.6K
$349.7K – $466.2K
NOI $27,973 @ 7.0% cap · market cap 11.66%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two 1-bedroom, 1-bath units are leased, with a detached garage on a small lot.
Where is this duplex located?
The property is located at 415 Fassen Street St Louis, MO.
What is the asking price?
The asking price for this property is $239,900.
What are key features of this property?
This property features: 2‑family property with two 1‑bedroom, 1‑bath units, both currently leased; Year built 1914 with brick construction; Forced air heating and central air cooling
