Duplex with Major Repair
4240 W Cook Ave, Saint Louis, MO 63113
For Sale
New
Contact for pricing
The two-family property requires extensive rehabilitation and is being sold without repairs or credits.
Property Size2,932 SF
Price / SF$10.20
Days on Market1
Property Features for 4240 W Cook Ave
General Information
Standard status
Size
Property subtype
Property Condition
Severity
Evidence
Additional Details
Multifamily Units
Building Details
Year Built
Listing Agency:
Midwest Farm & Land Co. LLC
Listed By:
Strait Realty
(314) 441-4444
Source:
Straitrealty
Added: Nov 10
Last Checked: Nov 10 at 2:23PM
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 Midwest Farm & Land Co. LLC
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Investment Insights
Based on property information with market context.
This 2,932-square-foot duplex, built in 1894, has substantial deferred maintenance. Sections of the roof have collapsed, and water damage affects both floors. The property requires comprehensive renovation and is offered in its current condition, with no seller repairs or credits.
Prospective buyers should independently assess the building, zoning, occupancy requirements, and renovation feasibility. Newer residential and commercial construction is present in the surrounding area.
Prospective buyers should independently assess the building, zoning, occupancy requirements, and renovation feasibility. Newer residential and commercial construction is present in the surrounding area.
Key Highlights
- 2,932‑square‑foot duplex built in 1894
- Collapsed roof sections and water damage on both floors
- Extensive renovation required; sale is as‑is with no repairs or credits
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,285
Suggested Prices Based on Cap Rates
Cap Rate 5%
$545,700
$545.7K
Cap Rate 7%
$389,786
$389.8K
Cap Rate 9%
$303,167
$303.2K
Market Conditions
NOI Build-Up for 2,932 SF
Gross rent
$52.8K $18.00/SF
− Vacancy
−$3.2K −$1.08/SF
EGI
$49.6K $16.92/SF
− OpEx
−$22.3K −$7.61/SF
NOI
$27.3K $9.31/SF
Area
St. Louis County, MO
Vacancy
6.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$545,700
Cap Rate 7%
$389,786
Cap Rate 9%
$303,167
Alternative Uses
Best Use
Multifamily LT 5
$447.9K
$391.9K – $522.6K
NOI $31,354 @ 7.0% cap
Second Best
Apartment 5plus
$389.8K
$341.1K – $454.8K
NOI $27,285 @ 7.0% cap
Theoretical Best
Office A
$629.3K
$550.6K – $734.1K
NOI $44,048 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
825
Businesses Nearby
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Business Placement
Demographics for 63113, MO
10,882
Population
7,400
Households
1.5
Avg Household Size
41
Median Age
17%
College-Educated
84%
High-School Grad
2.6 sq mi
ZIP Area
4,185
Density / Sq Mi
$38,647
Median Household Income
$29,648
Median Earnings
$914
Median Rent
$75,600
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Saint Louis, MO
Properties on Market for Duplexes in Saint Louis
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - The two-family property requires extensive rehabilitation and is being sold without repairs or credits.
Where is this duplex located?
The property is located at 4240 W Cook Ave Saint Louis, MO.
What are key features of this property?
This property features: 2,932‑square‑foot duplex built in 1894; Collapsed roof sections and water damage on both floors; Extensive renovation required; sale is as‑is with no repairs or credits
