Character-Rich Duplex with
For Sale
$335,000
4910 Bonita Ave, Saint Louis, MO 63109
Well-maintained duplex with two distinct apartments, period details, storage, laundry, and a detached two-car garage.
Property Size1,926 SF
Price / SF$173.94
Days on Market34
Property Features for 4910 Bonita Ave
General Information
Standard status
Active
Size
1,926 SF
Total Parking Spaces
2
Property subtype
Residential Income
Units
Unit Mix
1BR/1BA, 2BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,715
Amenities
laundry
Building Details
Buildings
1
Listing Agency:
Garcia Properties
(314) 280-3017
Listed By:
Christy Andrews
(314) 280-3017
Source:
Exprealty
Added: Jul 29
Changed: Aug 29
Last Checked: Aug 30 at 9:04PM
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 Garcia Properties
Investment Insights
Based on property information with market context.
This 1,926-square-foot duplex at 4910 Bonita Ave includes two separately configured apartments with distinctive period features. The main-level unit offers 1 bedroom and 1 bath, while the upper residence occupies two floors with 2 bedrooms and 2 baths. Both apartments include living space, bedrooms, kitchens adjoining dining areas, and sunrooms. Hardwood flooring, stained glass, and vintage fireplace mantels add architectural character throughout.
A two-car garage supports off-street parking, while the basement provides substantial storage and laundry facilities. The first-floor apartment is vacant, and the second-floor unit is leased through Dec 2026. A new roof was installed in July 2026. The property is in Princeton Heights, with restaurants, shopping, parks, and St. Louis attractions located minutes away.
A two-car garage supports off-street parking, while the basement provides substantial storage and laundry facilities. The first-floor apartment is vacant, and the second-floor unit is leased through Dec 2026. A new roof was installed in July 2026. The property is in Princeton Heights, with restaurants, shopping, parks, and St. Louis attractions located minutes away.
Key Highlights
- Two‑unit duplex totaling 1,926 square feet
- Unit mix includes a 1‑bedroom, 1‑bath apartment and a 2‑bedroom, 2‑bath apartment across two levels
- Hardwood floors, stained glass windows, and vintage fireplace mantels in both units
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
$20,596
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
6.15%
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%
$411,920
$411.9K
Cap Rate 7%
$294,229
$294.2K
Cap Rate 9%
$228,844
$228.8K
Market Conditions
NOI Build-Up for 1,926 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
$31.2K $16.20/SF
− Vacancy
−$1.8K −$0.92/SF
EGI
$29.4K $15.28/SF
− OpEx
−$8.8K −$4.58/SF
NOI
$20.6K $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%
$411,920
Cap Rate 7%
$294,229
Cap Rate 9%
$228,844
Alternative Uses
Best Use
Multifamily LT 5
$294.2K
$257.5K – $343.3K
NOI $20,596 @ 7.0% cap · market cap 6.15%
Second Best
Apartment 5plus
$256.0K
$224.0K – $298.7K
NOI $17,923 @ 7.0% cap · market cap 5.35%
Theoretical Best
Office A
$413.4K
$361.7K – $482.3K
NOI $28,935 @ 7.0% cap · market cap 8.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
599
Businesses Nearby
Explore this area
Business Placement
Demographics for 63109, MO
26,777
Population
14,963
Households
1.8
Avg Household Size
39
Median Age
52%
College-Educated
96%
High-School Grad
3.5 sq mi
ZIP Area
7,651
Density / Sq Mi
$71,563
Median Household Income
$52,245
Median Earnings
$929
Median Rent
$244,900
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 - Well-maintained duplex with two distinct apartments, period details, storage, laundry, and a detached two-car garage.
Where is this duplex located?
The property is located at 4910 Bonita Ave Saint Louis, MO.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 1,926 square feet; Unit mix includes a 1‑bedroom, 1‑bath apartment and a 2‑bedroom, 2‑bath apartment across two levels; Hardwood floors, stained glass windows, and vintage fireplace mantels in both units
