Duplex with Attached
New
For Sale
$225,000
5011 Pernod Avenue St, Louis, MO 63139
Residential Income, St Louis, MO
Property Size1,290 SF
Lot Size0.09 Acres
Price / SF$174.42
Days on Market4
Property Features for 5011 Pernod Avenue St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Basement, Bedroom 1, Bathroom 1, Bedroom 2
Basement
Unfinished
Subdivision
Kingshighway Hills Add
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
Standard status
Active
APN
6080-00-0230-0
Size
1,290 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2068
Utilities
Cooling system
Central Air
Amenities
hardwood floors
arched openings
original-style woodwork
Building Details
Year built
1940
Building materials
Brick
Architectural style
Bungalow
Listing Agency:
JEL Realty LLC
(314) 396-6544
Listed By:
James Little
(314) 393-3125
Added: Aug 28
Changed: Aug 29
Last Checked: Aug 31 at 4:06AM
MLS# 26055443
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 1,290-square-foot duplex contains two one-bedroom, one-bathroom units, each with living areas and a functional kitchen. The property includes a one-car attached garage, central air, and a brick exterior. Built in 1940 with bungalow styling, the building features hardwood flooring, arched openings, woodwork, and natural light throughout the units.
Both residences are currently occupied by tenants, subject to existing leases. The property is being sold as-is. Its two-unit layout supports continued rental use, while the separate residences may also accommodate an owner-occupant arrangement subject to lease terms. The site encompasses 0.0872 acres in St. Louis City.
Both residences are currently occupied by tenants, subject to existing leases. The property is being sold as-is. Its two-unit layout supports continued rental use, while the separate residences may also accommodate an owner-occupant arrangement subject to lease terms. The site encompasses 0.0872 acres in St. Louis City.
Key Highlights
- Two‑unit duplex with 1,290 square feet of building area
- Each unit includes 1 bedroom and 1 full bathroom
- Both units are currently tenant occupied, subject to existing leases
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
$13,795
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
6.13%
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%
$275,900
$275.9K
Cap Rate 7%
$197,071
$197.1K
Cap Rate 9%
$153,278
$153.3K
Market Conditions
NOI Build-Up for 1,290 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
$20.9K $16.20/SF
− Vacancy
−$1.2K −$0.92/SF
EGI
$19.7K $15.28/SF
− OpEx
−$5.9K −$4.58/SF
NOI
$13.8K $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%
$275,900
Cap Rate 7%
$197,071
Cap Rate 9%
$153,278
Alternative Uses
Best Use
Multifamily LT 5
$197.1K
$172.4K – $229.9K
NOI $13,795 @ 7.0% cap · market cap 6.13%
Second Best
Apartment 5plus
$171.5K
$150.1K – $200.1K
NOI $12,005 @ 7.0% cap · market cap 5.34%
Theoretical Best
Office A
$276.9K
$242.3K – $323.0K
NOI $19,380 @ 7.0% cap · market cap 8.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
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 tenant-occupied one-bedroom units offer an established residential income configuration.
Where is this duplex located?
The property is located at 5011 Pernod Avenue St Louis, MO.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,290 square feet of building area; Each unit includes 1 bedroom and 1 full bathroom; Both units are currently tenant occupied, subject to existing leases
