Updated All-Brick
For Sale
$499,000
4175 Flad Ave, Saint Louis, MO 63110
Two spacious residential units feature refreshed kitchens, bathrooms, hardwood flooring, and separate living and dining areas.
Property Size4,147 SF
Price / SF$120.33
Days on Market14
Property Features for 4175 Flad Ave
General Information
Standard status
Active
Size
4,147 SF
Property subtype
Residential Income
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$2,963
Amenities
hardwood floors
eat-in kitchens
laundry rooms
fenced backyard
central air
Building Details
Construction
all-brick
Listing Agency:
Clay Realty Group, LC
(314) 533-2529
Listed By:
Rubbie Groves-Clay · License #1999087401
(314) 533-2529
Source:
Exprealty
Added: Aug 7
Changed: Aug 19
Last Checked: Aug 19 at 2:15PM
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 Clay Realty Group, LC
Investment Insights
Based on property information with market context.
This 4,147-square-foot duplex is built in all brick and includes two spacious residential units with three bedrooms and three full bathrooms. Interior features include hardwood floors, oversized rooms, separate living and dining areas, updated eat-in kitchens, laundry rooms, dishwashers, and central air. The kitchens, bathrooms, central air units, and sewer line have been updated. A clean basement and fenced backyard add functional storage and outdoor space.
The property is in St. Louis’s Historic Shaw Neighborhood, within walking distance of Tower Grove Park, grocery stores, and restaurants. Downtown and major highways are also minutes away. The configuration supports either owner occupancy or continued use as a residential income property.
The property is in St. Louis’s Historic Shaw Neighborhood, within walking distance of Tower Grove Park, grocery stores, and restaurants. Downtown and major highways are also minutes away. The configuration supports either owner occupancy or continued use as a residential income property.
Key Highlights
- 4,147 SF all‑brick duplex in St. Louis’s Historic Shaw Neighborhood
- Two units with 3 bedrooms and 3 full bathrooms
- Updated kitchens, bathrooms, central air units, dishwashers, and sewer line
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$44,346
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.89%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$886,920
$886.9K
Cap Rate 7%
$633,514
$633.5K
Cap Rate 9%
$492,733
$492.7K
Market Conditions
NOI Build-Up for 4,147 SF
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.
Gross rent
$67.2K $16.20/SF
− Vacancy
−$3.8K −$0.92/SF
EGI
$63.4K $15.28/SF
− OpEx
−$19.0K −$4.58/SF
NOI
$44.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$886,920
Cap Rate 7%
$633,514
Cap Rate 9%
$492,733
Alternative Uses
Best Use
Multifamily LT 5
$633.5K
$554.3K – $739.1K
NOI $44,346 @ 7.0% cap · market cap 8.89%
Second Best
Apartment 5plus
$551.3K
$482.4K – $643.2K
NOI $38,592 @ 7.0% cap · market cap 7.73%
Theoretical Best
Office A
$890.0K
$778.8K – $1.04M
NOI $62,301 @ 7.0% cap · market cap 12.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
533
Businesses Nearby
Explore this area
Business Placement
Demographics for 63110, MO
18,199
Population
10,260
Households
1.8
Avg Household Size
33
Median Age
64%
College-Educated
97%
High-School Grad
6.6 sq mi
ZIP Area
2,757
Density / Sq Mi
$73,809
Median Household Income
$55,340
Median Earnings
$1,183
Median Rent
$314,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two spacious residential units feature refreshed kitchens, bathrooms, hardwood flooring, and separate living and dining areas.
Where is this duplex located?
The property is located at 4175 Flad Ave Saint Louis, MO.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 4,147 SF all‑brick duplex in St. Louis’s Historic Shaw Neighborhood; Two units with 3 bedrooms and 3 full bathrooms; Updated kitchens, bathrooms, central air units, dishwashers, and sewer line
