Renovated Duplex with Off-Street
New
For Sale
$415,000
4448 Gibson Avenue St, Louis, MO 63110
Residential Income, St Louis, MO
Property Size1,968 SF
Lot Size0.07 Acres
Price / SF$210.87
Days on Market3
Property Features for 4448 Gibson Avenue St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1, Bedroom 2, Bedroom 1
Parking features
Off Street
Patio and Porch features
Deck
Fireplace
1
Appliances
Stainless Steel Appliance(s)
Subdivision
McBee Place
Elementary school
Adams Elem.
Middle school
Long Middle Community Ed. Center
High school
Vashon High
Elementary school district
St. Louis City
Middle school district
St. Louis City
High school district
St. Louis City
Directions
GPS
Standard status
Active
APN
5110-00-0070-0
Size
1,968 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
1470
Utilities
Utilities
Cable Available
Heating system
Forced Air
Cooling system
Central Air
Amenities
tall ceilings
large windows
hardwood floors
original pocket doors
quartz countertops
stainless steel appliances
in-unit washer and dryer
private outdoor space
backyard
off-street parking
Building Details
Year built
1894
Number of units
2
Flooring type
Hardwood
Building materials
Brick
Roof type
Flat
Architectural style
Other
Listing Agency:
Salient Realty Group, LLC
(314) 374-3687
Listed By:
Timothy McCarthy · License ##2019034093
(636) 699-5668
Added: Sep 12
Changed: Sep 13
Last Checked: Sep 14 at 12:06AM
MLS# 26057370
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 1,968-square-foot duplex includes two 1-bedroom, 1-bathroom residences within a brick building constructed in 1894. Both units have been renovated with tall ceilings, large windows, hardwood flooring, original pocket doors, quartz countertops, stainless steel appliances, and in-unit laundry. Central air, forced-air heating, a flat roof, a deck, backyard space, and off-street parking add to the property’s physical features. The lot measures 0.0723 acres, and the property includes two bathrooms and two bedrooms overall.
Located on Gibson Avenue in St. Louis, the property is within walking distance of The Grove’s restaurants, breweries, cafés, and entertainment. Cortex, Barnes-Jewish Hospital, Washington University Medical Campus, and Forest Park are minutes away. Both residences are currently leased, providing an existing duplex configuration in a central neighborhood setting.
Located on Gibson Avenue in St. Louis, the property is within walking distance of The Grove’s restaurants, breweries, cafés, and entertainment. Cortex, Barnes-Jewish Hospital, Washington University Medical Campus, and Forest Park are minutes away. Both residences are currently leased, providing an existing duplex configuration in a central neighborhood setting.
Key Highlights
- Two 1‑bedroom, 1‑bathroom units in a 1,968‑square‑foot duplex
- Fully renovated interiors with hardwood floors, quartz countertops, and stainless steel appliances
- In‑unit washer and dryer in each residence
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
$21,045
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
5.07%
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%
$420,900
$420.9K
Cap Rate 7%
$300,643
$300.6K
Cap Rate 9%
$233,833
$233.8K
Market Conditions
NOI Build-Up for 1,968 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
$31.9K $16.20/SF
− Vacancy
−$1.8K −$0.92/SF
EGI
$30.1K $15.28/SF
− OpEx
−$9.0K −$4.58/SF
NOI
$21.0K $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%
$420,900
Cap Rate 7%
$300,643
Cap Rate 9%
$233,833
Alternative Uses
Best Use
Multifamily LT 5
$300.6K
$263.1K – $350.8K
NOI $21,045 @ 7.0% cap · market cap 5.07%
Second Best
Apartment 5plus
$261.6K
$228.9K – $305.2K
NOI $18,314 @ 7.0% cap · market cap 4.41%
Theoretical Best
Office A
$422.4K
$369.6K – $492.8K
NOI $29,566 @ 7.0% cap · market cap 7.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
5,268
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 leased units offer updated interiors, private outdoor space, and convenient access to The Grove’s dining and entertainment.
Where is this duplex located?
The property is located at 4448 Gibson Avenue St Louis, MO.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: Two 1‑bedroom, 1‑bathroom units in a 1,968‑square‑foot duplex; Fully renovated interiors with hardwood floors, quartz countertops, and stainless steel appliances; In‑unit washer and dryer in each residence
