Six-Unit Apartment
For Sale
$997,000
5943 Kingsbury Ave, Saint Louis, MO 63112
Multifamily property with spacious two- and three-bedroom residences, individual systems, and off-street parking.
Property Size7,209 SF
Price / SF$138.30
Days on Market194
Property Features for 5943 Kingsbury Ave
General Information
Standard status
Active
Size
7,209 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$4,138
Listing Agency:
Realty Exchange
(314) 647-2220
Listed By:
Christopher Tucker · License #1999080123
(314) 647-2220
Source:
Exprealty
Added: Feb 9
Changed: Aug 21
Last Checked: Aug 21 at 3:59AM
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 Realty Exchange
Investment Insights
Based on property information with market context.
This 7,209-square-foot apartment building contains six units with spacious two- and three-bedroom layouts. Individual systems, off-street parking, and period character add practical and physical appeal to the property. The unit mix supports a range of household configurations within a compact multifamily asset.
Located at 5943 Kingsbury Ave in Saint Louis, the property is in the Hot Skinker Debaliviere neighborhood. Forest Park, the U City Loop, and Washington University are all identified as walkable destinations from the property. Tenant privacy is requested during any inspection or showing activity.
Located at 5943 Kingsbury Ave in Saint Louis, the property is in the Hot Skinker Debaliviere neighborhood. Forest Park, the U City Loop, and Washington University are all identified as walkable destinations from the property. Tenant privacy is requested during any inspection or showing activity.
Key Highlights
- Six‑unit apartment building with 7,209 square feet
- Two- and three‑bedroom units
- Individual systems serving the units
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
$67,087
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
6.73%
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%
$1,341,740
$1.3M
Cap Rate 7%
$958,386
$958.4K
Cap Rate 9%
$745,411
$745.4K
Market Conditions
NOI Build-Up for 7,209 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
$129.8K $18.00/SF
− Vacancy
−$7.8K −$1.08/SF
EGI
$122.0K $16.92/SF
− OpEx
−$54.9K −$7.61/SF
NOI
$67.1K $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%
$1,341,740
Cap Rate 7%
$958,386
Cap Rate 9%
$745,411
Alternative Uses
Best Use
Apartment 5plus
$958.4K
$838.6K – $1.12M
NOI $67,087 @ 7.0% cap · market cap 6.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.55M
$1.35M – $1.81M
NOI $108,302 @ 7.0% cap · market cap 10.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
947
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?
Apartment building - Multifamily property with spacious two- and three-bedroom residences, individual systems, and off-street parking.
Where is this apartment building located?
The property is located at 5943 Kingsbury Ave Saint Louis, MO.
What is the asking price?
The asking price for this property is $997,000.
What are key features of this property?
This property features: Six‑unit apartment building with 7,209 square feet; Two- and three‑bedroom units; Individual systems serving the units
