Two-Unit
New
For Sale
$379,900
5837 Nina Place, Saint Louis, MO 63112
Each residence has two bedrooms, two bathrooms, in-unit laundry, and an updated kitchen.
Property Size2,116 SF
Price / SF$179.54
Days on Market3
Property Features for 5837 Nina Place
General Information
Standard status
Active
Size
2,116 SF
Total Parking Spaces
3
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Amenities
in-unit washer/dryer
Building Details
Year Built
1912
Buildings
1
Listing Agency:
Edge Realty, Era Powered
Listed By:
Strait Realty
(314) 441-4444
Source:
Straitrealty
Added: Oct 16
Last Checked: Oct 16 at 6:58AM
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 Edge Realty, Era Powered
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Investment Insights
Based on property information with market context.
Built in 1912, this 2,116-square-foot duplex contains two units, each with two bedrooms and two bathrooms. Both residences have renovated kitchens with stone countertops and newer appliances, large living rooms, and in-unit washers and dryers. The first-floor unit also has a new shower and LVP flooring. The roof was replaced in 2016.
A rear parking pad provides three parking spaces. Forest Park, Washington University, the Delmar Loop, and the Central West End are among the nearby destinations identified for the property.
A rear parking pad provides three parking spaces. Forest Park, Washington University, the Delmar Loop, and the Central West End are among the nearby destinations identified for the property.
Key Highlights
- Two 2‑bedroom, 2‑bathroom units in a 2,116‑square‑foot duplex
- Renovated kitchens feature stone countertops and newer appliances
- In‑unit washers and dryers in both residences
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,628
Cap Rate
5.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$452,560
$452.6K
Cap Rate 7%
$323,257
$323.3K
Cap Rate 9%
$251,422
$251.4K
Market Conditions
NOI Build-Up for 2,116 SF
Gross rent
$34.3K $16.20/SF
− Vacancy
−$2.0K −$0.92/SF
EGI
$32.3K $15.28/SF
− OpEx
−$9.7K −$4.58/SF
NOI
$22.6K $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 Rate 5%
$452,560
Cap Rate 7%
$323,257
Cap Rate 9%
$251,422
Alternative Uses
Best Use
Multifamily LT 5
$323.3K
$282.9K – $377.1K
NOI $22,628 @ 7.0% cap · market cap 5.96%
Second Best
Apartment 5plus
$281.3K
$246.1K – $328.2K
NOI $19,691 @ 7.0% cap · market cap 5.18%
Theoretical Best
Office A
$454.1K
$397.4K – $529.8K
NOI $31,789 @ 7.0% cap · market cap 8.37%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
903
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has two bedrooms, two bathrooms, in-unit laundry, and an updated kitchen.
Where is this duplex located?
The property is located at 5837 Nina Place Saint Louis, MO.
What is the asking price?
The asking price for this property is $379,900.
What are key features of this property?
This property features: Two 2‑bedroom, 2‑bathroom units in a 2,116‑square‑foot duplex; Renovated kitchens feature stone countertops and newer appliances; In‑unit washers and dryers in both residences
