Two-Unit Brick
For Sale
$355,000
4954 Bancroft Avenue, Saint Louis, MO 63109
The property combines a three-bedroom apartment with a two-bedroom apartment; one is occupied and the other is vacant.
Property Size2,424 SF
Price / SF$146.45
Days on Market18
Property Features for 4954 Bancroft Avenue
General Information
Standard status
Active
Size
2,424 SF
Total Parking Spaces
2
Property subtype
Residential Income
Units
Unit Mix
1 x 3BR, 1 x 2BR
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Amenities
full basement with washer and dryer hookups
fenced yard
Ceiling Fan(s)
Center Hall Floorplan
Custom Cabinetry
Eat-in Kitchen
Entrance Foyer
Granite Counters
Private Yard
Building Details
Building Size
2,424 SF
Year Built
1924
Stories
2
Units
2
Construction
brick and stone
Tenancy
Single
Listing Agency:
Wood Brothers Realty
(314) 353-8888
Listed By:
Catie Mooney · License #1999133203
(314) 280-0677
Source:
Eaglerealtygroup
Added: Oct 13
Changed: Oct 27
Last Checked: Oct 29 at 8:26PM
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 Wood Brothers Realty
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Investment Insights
Based on property information with market context.
At 4954 Bancroft Avenue in St. Louis, this 2,424-square-foot duplex was built in 1924 and contains one three-bedroom apartment and one two-bedroom apartment. The main-floor unit is occupied, while the second-floor unit is vacant. Brick and stone exterior finishes complement wood floors, crown molding, and a fireplace with built-in bookcase in the upper apartment. Its kitchen has custom cabinetry, included appliances, ceramic tile flooring, and access to a covered deck.
Capital improvements include a replacement roof on the building and garage, updated electrical service and panels, new water lines serving the building and apartments, and a new condenser and A-coil. Other work includes tuckpointing, gutters, and siding repairs. The property also has a full basement with washer and dryer hookups, a one-car garage, an additional parking space, and a fenced yard.
Capital improvements include a replacement roof on the building and garage, updated electrical service and panels, new water lines serving the building and apartments, and a new condenser and A-coil. Other work includes tuckpointing, gutters, and siding repairs. The property also has a full basement with washer and dryer hookups, a one-car garage, an additional parking space, and a fenced yard.
Key Highlights
- 2,424‑square‑foot duplex built in 1924
- Three‑bedroom main‑floor apartment and two‑bedroom second‑floor apartment
- Replacement roof, updated electrical service and panels, and new water lines
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,921
Cap Rate
7.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$518,420
$518.4K
Cap Rate 7%
$370,300
$370.3K
Cap Rate 9%
$288,011
$288.0K
Market Conditions
NOI Build-Up for 2,424 SF
Gross rent
$39.3K $16.20/SF
− Vacancy
−$2.2K −$0.92/SF
EGI
$37.0K $15.28/SF
− OpEx
−$11.1K −$4.58/SF
NOI
$25.9K $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 Rate 5%
$518,420
Cap Rate 7%
$370,300
Cap Rate 9%
$288,011
Alternative Uses
Best Use
Multifamily LT 5
$370.3K
$324.0K – $432.0K
NOI $25,921 @ 7.0% cap · market cap 7.30%
Second Best
Apartment 5plus
$322.3K
$282.0K – $376.0K
NOI $22,558 @ 7.0% cap · market cap 6.35%
Theoretical Best
Office A
$520.2K
$455.2K – $606.9K
NOI $36,416 @ 7.0% cap · market cap 10.26%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
867
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - The property combines a three-bedroom apartment with a two-bedroom apartment; one is occupied and the other is vacant.
Where is this duplex located?
The property is located at 4954 Bancroft Avenue Saint Louis, MO.
What is the asking price?
The asking price for this property is $355,000.
What are key features of this property?
This property features: 2,424‑square‑foot duplex built in 1924; Three‑bedroom main‑floor apartment and two‑bedroom second‑floor apartment; Replacement roof, updated electrical service and panels, and new water lines
