Brick Duplex with Fenced
For Sale
$399,900
4629 Washington Boulevard St, Louis, MO 63108
Residential Income, St Louis, MO
Property Size2,880 SF
Lot Size0.07 Acres
Price / SF$138.85
Days on Market49
Property Features for 4629 Washington Boulevard St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 5, Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 2, Bedroom 4
Parking features
On Street
Fencing
Fenced
Basement
Walk-Up Access, Unfinished, Walk-Out Access, Storage Space, Interior Entry, Full
Appliances
Gas Water Heater
Subdivision
Lindells Add 02
Elementary school
Hickey Elem.
Middle school
Yeatman-Liddell Middle School
High school
Sumner High
Elementary school district
St. Louis City
Middle school district
St. Louis City
High school district
St. Louis City
Standard status
Active
APN
4556-00-0370-0
Size
2,880 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
C.B.4556 WASHINGTON 26FT 6IN X 113FT P LINDELLS 2ND ADDN LOT PT 65 BOUNDED W-73 FT 6 IN E EL OF WALT
Legal Description
C.B.4556 WASHINGTON 26FT 6IN X 113FT P LINDELLS 2ND ADDN LOT PT 65 BOUNDED W-73 FT 6 IN E EL OF WALT
Utilities
Heating system
Forced Air, Natural Gas
Cooling system
Ceiling Fan(s), Central Air, Electric
Water source
Public
Amenities
in-unit laundry
private fenced backyard
outdoor living space
Building Details
Year built
1901
Number of units
2
Flooring type
Wood
Building materials
Brick, Stone
Roof type
Flat
Architectural style
Other
Listing Agency:
Worth Clark Realty
(314) 222-0065
Listed By:
Jim Willen · License #2006032973
(800) 991-6092
Added: Jul 22
Changed: Sep 2
Last Checked: Sep 8 at 6:06AM
MLS# 26032081
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 2,880-square-foot brick duplex, built in 1901, contains two distinct apartments. The main-level residence has three bedrooms and one bathroom, while the upper unit offers two bedrooms, one bathroom, and an open floor plan. Both apartments feature updated kitchens with granite countertops, refreshed bathrooms, wood flooring, large rooms, storage, breakfast bars, and double sinks. The upper unit also includes in-unit laundry, a spacious living room, and a separate dining area. It is available for an owner occupant or for placement with tenants.
The property includes a private fenced backyard with outdoor living space, public water, forced-air natural gas heat, central air, ceiling fans, and on-street parking. Positioned at 4629 Washington Boulevard in St. Louis, the property is one block from Euclid and directly across from Bowood Farms. Restaurants, shops, and small businesses are within walking distance.
The property includes a private fenced backyard with outdoor living space, public water, forced-air natural gas heat, central air, ceiling fans, and on-street parking. Positioned at 4629 Washington Boulevard in St. Louis, the property is one block from Euclid and directly across from Bowood Farms. Restaurants, shops, and small businesses are within walking distance.
Key Highlights
- 2,880‑square‑foot duplex built in 1901
- Main unit includes 3 bedrooms and 1 bathroom
- Upper apartment offers 2 bedrooms, 1 bathroom, and an open floor plan
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
$30,798
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
7.70%
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%
$615,960
$616.0K
Cap Rate 7%
$439,971
$440.0K
Cap Rate 9%
$342,200
$342.2K
Market Conditions
NOI Build-Up for 2,880 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
$46.7K $16.20/SF
− Vacancy
−$2.7K −$0.92/SF
EGI
$44.0K $15.28/SF
− OpEx
−$13.2K −$4.58/SF
NOI
$30.8K $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%
$615,960
Cap Rate 7%
$439,971
Cap Rate 9%
$342,200
Alternative Uses
Best Use
Multifamily LT 5
$440.0K
$385.0K – $513.3K
NOI $30,798 @ 7.0% cap · market cap 7.70%
Second Best
Apartment 5plus
$382.9K
$335.0K – $446.7K
NOI $26,801 @ 7.0% cap · market cap 6.70%
Theoretical Best
Office A
$618.1K
$540.8K – $721.1K
NOI $43,267 @ 7.0% cap · market cap 10.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,640
Businesses Nearby
Explore this area
Business Placement
Demographics for 63108, MO
23,603
Population
13,208
Households
1.8
Avg Household Size
30
Median Age
64%
College-Educated
94%
High-School Grad
2.2 sq mi
ZIP Area
10,729
Density / Sq Mi
$56,933
Median Household Income
$47,284
Median Earnings
$1,140
Median Rent
$337,300
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 updated apartments offer flexible occupancy, wood flooring, storage, and a private outdoor area.
Where is this duplex located?
The property is located at 4629 Washington Boulevard St Louis, MO.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: 2,880‑square‑foot duplex built in 1901; Main unit includes 3 bedrooms and 1 bathroom; Upper apartment offers 2 bedrooms, 1 bathroom, and an open floor plan
