Three-Bedroom
For Sale
$365,000
5004 Winona Ave, Saint Louis, MO 63109
Two separately arranged apartments with period details, private bedrooms, sunrooms, and rear parking improvements.
Property Size2,424 SF
Price / SF$150.58
Days on Market19
Property Features for 5004 Winona Ave
General Information
Standard status
Active
Size
2,424 SF
Property subtype
Residential Income
Units
Unit Mix
1 x 3BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,986
Amenities
covered front porch
large unfinished basement
vintage fireplaces
stained glass windows
original hardwood floors
garage
parking pad
Building Details
Buildings
1
Listing Agency:
Garcia Properties
(314) 353-0336
Listed By:
Jenifer Garcia · License #2011006921
(314) 565-3583
Source:
Exprealty
Added: Sep 15
Changed: Sep 23
Last Checked: Oct 3 at 1:42AM
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 2,424-square-foot duplex contains two apartments, each arranged with a living room, dining area, kitchen, full bath, and sunroom. The upper unit includes three private bedrooms, while the main-level apartment has two. Interior character includes original hardwood flooring on the main level, new carpet upstairs, vintage fireplaces, and stained-glass windows. A covered front porch, large unfinished basement, garage, and rear parking pad add usable space and practical convenience.
The property is located at 5004 Winona Ave in Saint Louis, MO. Nearby destinations named in the property information include The Attic Music Bar, The Royale, Silverleaf Lounge, Bud's Pizza & Beer, The Golden Hoosier, and Piper's.
The property is located at 5004 Winona Ave in Saint Louis, MO. Nearby destinations named in the property information include The Attic Music Bar, The Royale, Silverleaf Lounge, Bud's Pizza & Beer, The Golden Hoosier, and Piper's.
Key Highlights
- 2,424‑square‑foot duplex with two apartments
- Upper apartment has three private bedrooms; main‑level apartment has two
- Both units include living room, dining area, kitchen, full bath, and sunroom
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
$25,921
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
7.10%
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%
$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
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
$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 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%
$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 7.10%
Second Best
Apartment 5plus
$322.3K
$282.0K – $376.0K
NOI $22,558 @ 7.0% cap · market cap 6.18%
Theoretical Best
Office A
$520.2K
$455.2K – $606.9K
NOI $36,416 @ 7.0% cap · market cap 9.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
704
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
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Two separately arranged apartments with period details, private bedrooms, sunrooms, and rear parking improvements.
Where is this duplex located?
The property is located at 5004 Winona Ave Saint Louis, MO.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: 2,424‑square‑foot duplex with two apartments; Upper apartment has three private bedrooms; main‑level apartment has two; Both units include living room, dining area, kitchen, full bath, and sunroom
