Updated Duplex Near Washington
New
For Sale
$515,000
5641 Cates Avenue St, Louis, MO 63112
Residential Income, St Louis, MO
Property Size2,090 SF
Lot Size0.11 Acres
Price / SF$246.41
Days on Market2
Property Features for 5641 Cates Avenue St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 5, Bedroom 3, Bathroom 1, Bedroom 1, Bedroom 2, Bathroom 3, Bathroom 2, Basement, Bedroom 4
Parking features
On Street
Window features
Blinds
Patio and Porch features
Porch, Deck
Fencing
Fenced
Basement
Unfinished, Full
Appliances
Stainless Steel Appliance(s), Electric Range, Refrigerator, Washer/Dryer, Gas Water Heater
Subdivision
Clemens Place Add
Lot features
Back Yard
Elementary school
Hamilton Elem. Community Ed.
Middle school
Yeatman-Liddell Middle School
High school
Sumner High
Elementary school district
St. Louis City
Middle school district
St. Louis City
High school district
St. Louis City
Standard status
Active
APN
3864-04-0310-0
Size
2,090 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
1228
Utilities
Utilities
Cable Available
Heating system
Natural Gas, Forced Air
Cooling system
Ceiling Fan(s), Central Air
Water source
Public
Amenities
private backyard
Building Details
Year built
1902
Floors in Building
2
Number of units
2
Flooring type
Vinyl, Carpet
Building materials
Brick, Vinyl Siding
Roof type
Shingle
Architectural style
Other
Listing Agency:
Berkshire Hathaway HomeServices Select Properties
(636) 720-1100
Listed By:
Toni Roberts · License #2013043742
(314) 835-6000
Added: Sep 1
Last Checked: Sep 2 at 5:06AM
MLS# 26055632
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 duplex at 5641 Cates Avenue contains 2,090 square feet across two residential units. The larger two-story residence has 3 bedrooms and 3 bathrooms, while the second unit provides 2 bedrooms and 1 bathroom. Both interiors have been updated and include vinyl and carpet flooring, central air, forced-air natural gas heating, and kitchens with stainless steel appliances. A washer and dryer, electric range, refrigerator, and gas water heater are also included.
The property occupies 0.1074 acres on a quiet cul-de-sac near Washington University and 1.5 miles from the Delmar Loop. Public water service, on-street parking, a fenced backyard, porch, and deck add practical site features. The property previously operated as a short-term rental, and furnishings are negotiable.
The property occupies 0.1074 acres on a quiet cul-de-sac near Washington University and 1.5 miles from the Delmar Loop. Public water service, on-street parking, a fenced backyard, porch, and deck add practical site features. The property previously operated as a short-term rental, and furnishings are negotiable.
Key Highlights
- Two‑unit duplex totaling 2,090 square feet
- Larger unit offers 3 bedrooms and 3 bathrooms
- Second unit includes 2 bedrooms and 1 bathroom
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
$22,350
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
4.34%
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%
$447,000
$447.0K
Cap Rate 7%
$319,286
$319.3K
Cap Rate 9%
$248,333
$248.3K
Market Conditions
NOI Build-Up for 2,090 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
$33.9K $16.20/SF
− Vacancy
−$1.9K −$0.92/SF
EGI
$31.9K $15.28/SF
− OpEx
−$9.6K −$4.58/SF
NOI
$22.3K $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%
$447,000
Cap Rate 7%
$319,286
Cap Rate 9%
$248,333
Alternative Uses
Best Use
Multifamily LT 5
$319.3K
$279.4K – $372.5K
NOI $22,350 @ 7.0% cap · market cap 4.34%
Second Best
Apartment 5plus
$277.9K
$243.1K – $324.2K
NOI $19,450 @ 7.0% cap · market cap 3.78%
Theoretical Best
Office A
$448.6K
$392.5K – $523.3K
NOI $31,399 @ 7.0% cap · market cap 6.10%
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
747
Businesses Nearby
Explore this area
Business Placement
Demographics for 63112, MO
18,954
Population
11,521
Households
1.6
Avg Household Size
33
Median Age
44%
College-Educated
89%
High-School Grad
3.2 sq mi
ZIP Area
5,923
Density / Sq Mi
$43,262
Median Household Income
$36,297
Median Earnings
$911
Median Rent
$216,400
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 refreshed residences include a three-bedroom layout and a separate two-bedroom unit.
Where is this duplex located?
The property is located at 5641 Cates Avenue St Louis, MO.
What is the asking price?
The asking price for this property is $515,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 2,090 square feet; Larger unit offers 3 bedrooms and 3 bathrooms; Second unit includes 2 bedrooms and 1 bathroom
