Updated Duplex with Two-Bedroom
For Sale
$280,000
5006 Queens Ave, Saint Louis, MO 63115
Two updated residential units feature renovated interiors, full bathrooms, and kitchens equipped with stainless steel appliances.
Property Size1,968 SF
Price / SF$142.28
Days on Market46
Property Features for 5006 Queens Ave
General Information
Standard status
Active
Size
1,968 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$423
Listing Agency:
Coldwell Banker Realty - Gundaker
(314) 368-6210
Listed By:
Daryl Holland
(314) 368-6210
Source:
Exprealty
Added: Jul 9
Changed: Aug 21
Last Checked: Aug 23 at 3:53AM
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 Coldwell Banker Realty - Gundaker
Investment Insights
Based on property information with market context.
Located at 5006 Queens Ave in Saint Louis, Missouri, this 1,968-square-foot duplex contains two residential units, each arranged with 2 bedrooms and 1 full bathroom. The interiors have been refreshed with laminate flooring and new paint, while both kitchens include stainless steel appliances and updated finishes. Renovated bathrooms and improvements to the electrical and plumbing systems further define the property’s current configuration.
Key Highlights
- 1,968‑square‑foot duplex at 5006 Queens Ave, Saint Louis, MO
- Two units, each with 2 bedrooms and 1 full bathroom
- Updated electrical and plumbing systems
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
$21,045
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
7.52%
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%
$420,900
$420.9K
Cap Rate 7%
$300,643
$300.6K
Cap Rate 9%
$233,833
$233.8K
Market Conditions
NOI Build-Up for 1,968 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
$31.9K $16.20/SF
− Vacancy
−$1.8K −$0.92/SF
EGI
$30.1K $15.28/SF
− OpEx
−$9.0K −$4.58/SF
NOI
$21.0K $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%
$420,900
Cap Rate 7%
$300,643
Cap Rate 9%
$233,833
Alternative Uses
Best Use
Multifamily LT 5
$300.6K
$263.1K – $350.8K
NOI $21,045 @ 7.0% cap · market cap 7.52%
Second Best
Apartment 5plus
$261.6K
$228.9K – $305.2K
NOI $18,314 @ 7.0% cap · market cap 6.54%
Theoretical Best
Office A
$422.4K
$369.6K – $492.8K
NOI $29,566 @ 7.0% cap · market cap 10.56%
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
296
Businesses Nearby
Explore this area
Business Placement
Demographics for 63115, MO
16,056
Population
10,208
Households
1.6
Avg Household Size
42
Median Age
14%
College-Educated
85%
High-School Grad
4.3 sq mi
ZIP Area
3,734
Density / Sq Mi
$31,898
Median Household Income
$31,467
Median Earnings
$928
Median Rent
$61,600
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 residential units feature renovated interiors, full bathrooms, and kitchens equipped with stainless steel appliances.
Where is this duplex located?
The property is located at 5006 Queens Ave Saint Louis, MO.
What is the asking price?
The asking price for this property is $280,000.
What are key features of this property?
This property features: 1,968‑square‑foot duplex at 5006 Queens Ave, Saint Louis, MO; Two units, each with 2 bedrooms and 1 full bathroom; Updated electrical and plumbing systems
