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    Updated Two-Unit Bungalow Title is generated by Realmo AI

    5203 SCHOLLMEYER St, Louis, MO 63109

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    Claim this Listing
    Pending
    $349,900

    MULTI_FAMILY - Bungalow - St Louis, MO

    Property size:
    1,700 SF
    Added:
    May 14, 2026
    Days on Market:
    55
    Last Refresh:
    Jul 7 at 2:06 am

    Property Features for 5203 SCHOLLMEYER St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    1
    Bathrooms
    1
    Rooms
    Basement, Bathroom 1, Bedroom 1
    Parking features
    Open, On Street, Alley, Garage
    Appliances
    Stainless Steel Appliance(s), Dishwasher, Disposal, Microwave, Gas Range, Electric Water Heater
    Standard status
    Pending
    APN
    5765-9-190.000
    Size
    1,700 SF

    Taxes and HOA fees

    Tax Description
    C B 5765 SCHOLLMEYER AVE, 41 FT 10 IN / 45 FT X 120 FT, LYNNA ADDN, BLOCK 2, LOT 21

    Utilities

    Heating system
    Forced Air
    Cooling system
    Ceiling Fan(s), Central Air
    Water source
    Public

    Building Details

    Year built
    1948
    Building materials
    Brick
    Roof type
    Shingle
    Architectural style
    Bungalow

    We can help!

    Contact an agent
    Emir Kadic

    Listing agent Emir Kadic License #2021014732

    Listing office Worth Clark Realty 100 Chesterfield Bus Pkwy 2 Fl, Chesterfield, MO

    Listing date May 14, 2026

    MLS# 26021473 Listing URL

    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.

    HighLights

    • All‑brick 2‑family bungalow built in 1948
    • Updates include new roof, plumbing, and electric, plus new HVAC and new vinyl windows
    • Each unit offers 1 bed and 1 bath with waterproof laminate flooring and 6‑in baseboards
    • Kitchen features include new cabinets, quartz countertop, natural stone backsplash, and stainless‑steel appliances
    • Basement included and all serviced by public water
    • Fenced back yard plus all‑brick 2‑car garage with alley access and on‑street/open parking

    Overview

    This updated two-unit bungalow features a layout designed for comfortable, day-to-day living in both units, with each home offering one bedroom and one bathroom. Interiors include waterproof laminate flooring with 6" baseboards, new vinyl windows, updated bathrooms, and a clean, spacious basement. The kitchen upgrades include new cabinets, quartz countertops, a natural stone backsplash, and new stainless-steel appliances. Exterior and major components have been refreshed as well, with a new roof plus new plumbing, new electric, and new HVAC.

    Located in the heart of Princeton Heights in St. Louis, the property is described as being within walking distance of restaurants and bakeries, entertainment, shopping, and parks. The home also includes an outdoor space with a fenced-in back yard.

    Whether you’re looking to add to a rental portfolio or occupy one unit while renting the other, the property’s extensive update list and straightforward two-unit configuration are geared toward a hands-on, low-guesswork ownership experience. Additional practical value comes from the all-brick 2-car garage and the basement space.

    Local Financial Insights For Multifamily LT 5

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $27.5k $16.20
    − Vacancy −$1.6k −$0.92
    EGI $26.0k $15.28
    − OpEx −$7.8k −$4.58
    NOI $18.2k $10.69
    1,700 SF · lease $16.20/SF/yr · vacancy 5.70% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $259.7K
    $227.2K – $303.0K (±1% cap)
    NOI $18,179 @ 7.0% cap · market cap 5.20%
    Second Best
    Apartment 5plus
    $226.0K
    $197.8K – $263.7K (±1% cap)
    NOI $15,820 @ 7.0% cap · market cap 4.52%
    Theoretical Best
    Office A
    $364.8K
    $319.2K – $425.7K (±1% cap)
    NOI $25,539 @ 7.0% cap · market cap 7.30%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Map

    City
    Louis
    County
    St. Louis
    State
    Missouri
    Longitude
    -90.287742
    Latitude
    38.573052

    FAQs

    What type of property is this?
    Duplex - Fully updated 2-unit home with two 1-bedroom layouts, modern systems, fenced yard, and an all-brick 2-car garage.
    Where is this duplex located?
    The property is located at 5203 SCHOLLMEYER St Louis, MO.
    What is the asking price?
    The asking price for this property is $349,900.
    What are key features of this property?
    This property features: All‑brick 2‑family bungalow built in 1948; Updates include new roof, plumbing, and electric, plus new HVAC and new vinyl windows; Each unit offers 1 bed and 1 bath with waterproof laminate flooring and 6‑in baseboards
    More about this property
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