Brick Duplex with Updated
New
For Sale
$194,900
5021 Ray Avenue St, Louis, MO 63116
MULTI_FAMILY - Other - St Louis, MO
Property Size1,536 SF
Lot Size0.14 Acres
Price / SF$126.89
Days on Market2
Property Features for 5021 Ray Avenue St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
1
Bathrooms
1
Full bathrooms
1
Rooms
Basement, Bathroom 1, Bedroom 1
Basement
Full
Subdivision
Usona Heights Add
Elementary school
Woerner 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
GPS
Standard status
Active
APN
5655-9-160.000
Size
1,536 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
C.B. 5655 RAY AVE, 108 FT 8 3/4 IN X 57 FT 6 IN, USONA HEIGHTS ADDN, LOT S.PT 121-122
Tax Annual Amount
1529
Legal Description
C.B. 5655 RAY AVE, 108 FT 8 3/4 IN X 57 FT 6 IN, USONA HEIGHTS ADDN, LOT S.PT 121-122
Utilities
Heating system
Forced Air
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Building Details
Year built
1931
Number of units
2
Building materials
Brick
Architectural style
Other
Listing Agency:
Invest St. Louis
(314) 325-6201
Listed By:
Joey Schenck · License #2025043112
(314) 255-5117
Added: Aug 11
Changed: Aug 12
Last Checked: Aug 12 at 11:06AM
MLS# 26051414
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 1,536-square-foot brick duplex, built in 1931, contains two one-bedroom, one-bathroom units. Both apartments are vacant and include updated kitchens and bathrooms, along with refreshed paint and flooring. Additional work includes electrical rewiring, sewer lateral replacement, tuckpointing, selected window-glass replacement, exterior trim and gutter repairs, and deck repairs. Forced-air heating, wall/window cooling units, a basement, and public water service are also in place.
The property occupies a 0.1435-acre double corner lot in St. Louis, near Holly Hills and Carondelet Park. The lot provides added outdoor space and separation for the two-family layout. Its configuration supports separate occupancy of the units, including use of one unit while the other is occupied independently.
The property occupies a 0.1435-acre double corner lot in St. Louis, near Holly Hills and Carondelet Park. The lot provides added outdoor space and separation for the two-family layout. Its configuration supports separate occupancy of the units, including use of one unit while the other is occupied independently.
Key Highlights
- Two vacant one‑bedroom, one‑bathroom units
- 1,536 square feet on a 0.1435‑acre double corner lot
- Solid brick construction built in 1931
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
$16,425
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
8.43%
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%
$328,500
$328.5K
Cap Rate 7%
$234,643
$234.6K
Cap Rate 9%
$182,500
$182.5K
Market Conditions
NOI Build-Up for 1,536 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
$24.9K $16.20/SF
− Vacancy
−$1.4K −$0.92/SF
EGI
$23.5K $15.28/SF
− OpEx
−$7.0K −$4.58/SF
NOI
$16.4K $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%
$328,500
Cap Rate 7%
$234,643
Cap Rate 9%
$182,500
Alternative Uses
Best Use
Multifamily LT 5
$234.6K
$205.3K – $273.8K
NOI $16,425 @ 7.0% cap · market cap 8.43%
Second Best
Apartment 5plus
$204.2K
$178.7K – $238.2K
NOI $14,294 @ 7.0% cap · market cap 7.33%
Theoretical Best
Office A
$329.7K
$288.5K – $384.6K
NOI $23,076 @ 7.0% cap · market cap 11.84%
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
291
Businesses Nearby
Explore this area
Business Placement
Demographics for 63116, MO
41,959
Population
22,394
Households
1.9
Avg Household Size
37
Median Age
37%
College-Educated
90%
High-School Grad
5.4 sq mi
ZIP Area
7,770
Density / Sq Mi
$60,193
Median Household Income
$42,012
Median Earnings
$946
Median Rent
$161,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two vacant one-bedroom units provide flexible occupancy options in a two-family property.
Where is this duplex located?
The property is located at 5021 Ray Avenue St Louis, MO.
What is the asking price?
The asking price for this property is $194,900.
What are key features of this property?
This property features: Two vacant one‑bedroom, one‑bathroom units; 1,536 square feet on a 0.1435‑acre double corner lot; Solid brick construction built in 1931
