Brick Duplex with Private
New
For Sale
$300,000
4990 Oleatha Avenue St, Louis, MO 63139
Residential Income, St Louis, MO
Property Size1,674 SF
Lot Size0.10 Acres
Price / SF$179.21
Days on Market3
Property Features for 4990 Oleatha Avenue St
General Information
Property type
Residential Multi Family
Property subtype
Single Family Residence
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 4, Bathroom 1, Bedroom 2, Basement, Bedroom 3, Bedroom 1
Parking
4
Parking features
Alley, Off Street
Window features
Blinds, Insulated Windows
Patio and Porch features
Porch
Interior features
Eat-in Kitchen, Solid Surface Countertop(s), Storage
Exterior features
Awning(s), Private Entrance
Basement
Interior Entry, Storage Space, Unfinished, Full, Concrete
Appliances
Dishwasher, Microwave, Gas Range, Refrigerator, Gas Water Heater
Subdivision
Kingshighway Hills Add
Lot features
Front Yard, Level, Near Park, Near Public Transit
Elementary school
Buder Elem.
Middle school
Long Middle Community Ed. Center
High school
Roosevelt High
Elementary school district
St. Louis City
Middle school district
St. Louis City
High school district
St. Louis City
Directions
Kingshighway to west on Oleatha Avenue to left on Hereford Street to left on Oleatha Avenue to property on the right, OR Chippewa Street to north on Hereford Street to right on Oleatha Avenue to property on the right, OR Fyler Avenue to south on Hereford Street to left on Oleatha Avenue to property on the right.
Standard status
Active
APN
6070-00-0010-0
Size
1,674 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2293
Utilities
Heating system
Forced Air, Natural Gas
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
1970
Floors in Building
1
Number of units
2
Flooring type
Tile - Ceramic, Wood
Building materials
Brick
Roof type
Shingle
Architectural style
Ranch
Additional Structures
Storage
Listing Agency:
RE/MAX Results · RE/MAX International
(636) 812-4400
Listed By:
Mark Lynch · License #2001008864
(314) 781-7777
Added: Aug 29
Last Checked: Aug 31 at 5:06AM
MLS# 26042103
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 1,674-square-foot brick duplex contains two two-bedroom units, each with a living room, eat-in kitchen, full bathroom, and private basement. Both residences include a gas range, microwave, dishwasher, refrigerator, central air, and forced-air natural gas heat. Basement areas provide laundry space and storage, with additional room that could be finished. Wood and ceramic tile flooring, newer windows, and a shingle roof replaced in 2025 add to the property's physical profile. The ranch-style building was constructed in 1970 and sits on a 0.0977-acre lot.
Located at 4990 Oleatha Avenue in St Louis, the property is near restaurants, parks, and neighborhood shops, with alley access and shared rear parking for up to four vehicles. Public water serves the building, and each unit has a private entrance and porch.
Located at 4990 Oleatha Avenue in St Louis, the property is near restaurants, parks, and neighborhood shops, with alley access and shared rear parking for up to four vehicles. Public water serves the building, and each unit has a private entrance and porch.
Key Highlights
- Two‑unit duplex with two bedrooms per residence
- 1,674 square feet on a 0.0977‑acre lot
- Private basement assigned to each unit
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
$17,901
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
5.97%
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%
$358,020
$358.0K
Cap Rate 7%
$255,729
$255.7K
Cap Rate 9%
$198,900
$198.9K
Market Conditions
NOI Build-Up for 1,674 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
$27.1K $16.20/SF
− Vacancy
−$1.5K −$0.92/SF
EGI
$25.6K $15.28/SF
− OpEx
−$7.7K −$4.58/SF
NOI
$17.9K $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 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%
$358,020
Cap Rate 7%
$255,729
Cap Rate 9%
$198,900
Alternative Uses
Best Use
Multifamily LT 5
$255.7K
$223.8K – $298.4K
NOI $17,901 @ 7.0% cap · market cap 5.97%
Second Best
Apartment 5plus
$222.5K
$194.7K – $259.6K
NOI $15,578 @ 7.0% cap · market cap 5.19%
Theoretical Best
Office A
$359.3K
$314.4K – $419.2K
NOI $25,149 @ 7.0% cap · market cap 8.38%
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
657
Businesses Nearby
Explore this area
Business Placement
Demographics for 63139, MO
21,971
Population
12,187
Households
1.8
Avg Household Size
38
Median Age
49%
College-Educated
96%
High-School Grad
3.8 sq mi
ZIP Area
5,782
Density / Sq Mi
$74,749
Median Household Income
$52,298
Median Earnings
$1,086
Median Rent
$199,400
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-bedroom units feature private basements, a recently replaced roof, and shared off-street parking.
Where is this duplex located?
The property is located at 4990 Oleatha Avenue St Louis, MO.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Two‑unit duplex with two bedrooms per residence; 1,674 square feet on a 0.0977‑acre lot; Private basement assigned to each unit
