Historic Two-Family
For Sale
Contact for pricing
Pending
5600 S Kingshighway Blvd, Saint Louis, MO 63109
Well-maintained residential income property with flexible bonus rooms, a basement, backyard, and two-car garage.
Property Size2,268 SF
Days on Market237
Property Features for 5600 S Kingshighway Blvd
General Information
Standard status
Pending
Size
2,268 SF
Total Parking Spaces
2
Property subtype
Multifamily
Units
Unit Mix
2 x 2BR+bonus
Multifamily Units
2
Amenities
original arched doorways
cased windows
stained-glass accents
partially fenced backyard
expansive basement
Building Details
Year Built
1922
Buildings
1
Listing Agency:
KW Commercial St. Louis SW
Listed By:
Jarett Shaffer · License #2023026568
Source:
Crexi
Added: Jan 6
Changed: Aug 31
Last Checked: Aug 31 at 7:09AM
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 KW Commercial St. Louis SW
Investment Insights
Based on property information with market context.
Built in 1922, this two-family duplex contains approximately 2,268 square feet, with each unit offering approximately 1,125 square feet of living space. Both residences include two bedrooms, an additional bonus room, living and dining areas, and period details such as arched doorways, cased windows, 6-inch baseboards, and stained-glass accents. Recent improvements have been completed throughout the building.
Exterior features include a partially fenced backyard, a two-car garage, and a full basement providing storage space for both units. The property is located at 5600 S Kingshighway Blvd in Saint Louis, within the 63109 ZIP code and near local restaurants and dining establishments.
Exterior features include a partially fenced backyard, a two-car garage, and a full basement providing storage space for both units. The property is located at 5600 S Kingshighway Blvd in Saint Louis, within the 63109 ZIP code and near local restaurants and dining establishments.
Key Highlights
- Two‑family duplex built in 1922
- Approximately 2,268 square feet overall
- Each unit has approximately 1,125 square feet, two bedrooms, and a bonus room
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
$21,106
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
8.44%
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%
$422,120
$422.1K
Cap Rate 7%
$301,514
$301.5K
Cap Rate 9%
$234,511
$234.5K
Market Conditions
NOI Build-Up for 2,268 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
$40.8K $18.00/SF
− Vacancy
−$2.4K −$1.08/SF
EGI
$38.4K $16.92/SF
− OpEx
−$17.3K −$7.61/SF
NOI
$21.1K $9.31/SF
Area
St. Louis County, MO
Vacancy
6.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
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%
$422,120
Cap Rate 7%
$301,514
Cap Rate 9%
$234,511
Alternative Uses
Best Use
Multifamily LT 5
$346.5K
$303.2K – $404.2K
NOI $24,253 @ 7.0% cap · market cap 9.70%
Second Best
Apartment 5plus
$301.5K
$263.8K – $351.8K
NOI $21,106 @ 7.0% cap · market cap 8.44%
Theoretical Best
Office A
$486.8K
$425.9K – $567.9K
NOI $34,073 @ 7.0% cap · market cap 13.63%
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
679
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
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 - Well-maintained residential income property with flexible bonus rooms, a basement, backyard, and two-car garage.
Where is this duplex located?
The property is located at 5600 S Kingshighway Blvd Saint Louis, MO.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Two‑family duplex built in 1922; Approximately 2,268 square feet overall; Each unit has approximately 1,125 square feet, two bedrooms, and a bonus room
