Updated Duplex with Rear
For Sale
$595,000
6017 Kingsbury Ave, Saint Louis, MO 63112
Two-unit residential property with renovated interiors, private laundry, central air, rear parking, and proximity to Washington University.
Property Size3,180 SF
Price / SF$187.11
Days on Market21
Property Features for 6017 Kingsbury Ave
General Information
Standard status
Active
Size
3,180 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,405
Amenities
in-unit laundry
central A/C
forced-air heat
renovated kitchen
updated bathrooms
stainless steel appliances
stone countertops
high ceilings
natural light
bonus rear sunrooms
newer front deck
parking pad
Building Details
Buildings
1
Construction
masonry
Listing Agency:
Avenue Real Estate Group
Listed By:
Jackie Rose
(314) 665-2010
Source:
Exprealty
Added: Aug 25
Changed: Sep 13
Last Checked: Sep 13 at 12:37PM
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 Avenue Real Estate Group
Investment Insights
Based on property information with market context.
This two-unit residential property at 6017 Kingsbury Ave offers 3,180 square feet with spacious layouts, high ceilings, strong natural light, and rear sunrooms. Both units feature renovated kitchens with stainless steel appliances and stone countertops, updated bathrooms, in-unit laundry, central A/C, and forced-air heat.
Recent improvements include replaced plumbing stacks, updated electrical panels, newer windows, masonry and brickwork repairs, a newer front deck, and a roof installed within the last year. A newly poured rear parking pad adds on-site convenience. The property is located near Washington University in Saint Louis, Missouri, and has been operated as a rental property with a documented rental history.
Recent improvements include replaced plumbing stacks, updated electrical panels, newer windows, masonry and brickwork repairs, a newer front deck, and a roof installed within the last year. A newly poured rear parking pad adds on-site convenience. The property is located near Washington University in Saint Louis, Missouri, and has been operated as a rental property with a documented rental history.
Key Highlights
- 3,180‑square‑foot duplex with two spacious residential units
- Renovated kitchens with stainless steel appliances and stone countertops
- Each unit includes a rear sunroom, in‑unit laundry, central A/C, and forced‑air heat
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
$34,006
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
5.72%
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%
$680,120
$680.1K
Cap Rate 7%
$485,800
$485.8K
Cap Rate 9%
$377,844
$377.8K
Market Conditions
NOI Build-Up for 3,180 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
$51.5K $16.20/SF
− Vacancy
−$2.9K −$0.92/SF
EGI
$48.6K $15.28/SF
− OpEx
−$14.6K −$4.58/SF
NOI
$34.0K $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%
$680,120
Cap Rate 7%
$485,800
Cap Rate 9%
$377,844
Alternative Uses
Best Use
Multifamily LT 5
$485.8K
$425.1K – $566.8K
NOI $34,006 @ 7.0% cap · market cap 5.72%
Second Best
Apartment 5plus
$422.8K
$369.9K – $493.2K
NOI $29,593 @ 7.0% cap · market cap 4.97%
Theoretical Best
Office A
$682.5K
$597.2K – $796.2K
NOI $47,774 @ 7.0% cap · market cap 8.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
947
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property with renovated interiors, private laundry, central air, rear parking, and proximity to Washington University.
Where is this duplex located?
The property is located at 6017 Kingsbury Ave Saint Louis, MO.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: 3,180‑square‑foot duplex with two spacious residential units; Renovated kitchens with stainless steel appliances and stone countertops; Each unit includes a rear sunroom, in‑unit laundry, central A/C, and forced‑air heat
