Duplex with Screened
For Sale
$575,000
6114 Waterman Boulevard, Saint Louis, MO 63112
Two three-bedroom residences offer updated kitchens and separate outdoor living areas.
Property Size2,884 SF
Price / SF$199.38
Days on Market24
Property Features for 6114 Waterman Boulevard
General Information
Standard status
Active
Size
2,884 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 3BR, unit_mix
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,667
Amenities
screened porch
fenced backyard
mature landscaping
Building Details
Building Size
2,884 SF
Year Built
1909
Listing Agency:
Keller Williams Realty St. Louis
(314) 677-6000
Listed By:
Kraemer & Kraemer · License #2017000519
(314) 496-2529
Source:
Flowershomerealty
Added: Oct 7
Changed: Oct 29
Last Checked: Oct 29 at 11:21PM
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 Keller Williams Realty St. Louis
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Investment Insights
Based on property information with market context.
Built in 1909, this 2,884-square-foot duplex contains two three-bedroom units. Interior details include hardwood floors, high ceilings, spacious rooms, original millwork and decorative fireplaces. Both kitchens have stainless steel appliances and stone countertops.
A two-story screened porch provides outdoor space for each unit, with views toward the fenced backyard and mature landscaping. The property is at 6114 Waterman Boulevard, a short distance from Washington University.
A two-story screened porch provides outdoor space for each unit, with views toward the fenced backyard and mature landscaping. The property is at 6114 Waterman Boulevard, a short distance from Washington University.
Key Highlights
- Two 3‑bedroom units in a 2,884‑square‑foot duplex
- Built in 1909
- Two‑story screened porch provides outdoor space for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,840
Cap Rate
5.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$616,800
$616.8K
Cap Rate 7%
$440,571
$440.6K
Cap Rate 9%
$342,667
$342.7K
Market Conditions
NOI Build-Up for 2,884 SF
Gross rent
$46.7K $16.20/SF
− Vacancy
−$2.7K −$0.92/SF
EGI
$44.1K $15.28/SF
− OpEx
−$13.2K −$4.58/SF
NOI
$30.8K $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%
$616,800
Cap Rate 7%
$440,571
Cap Rate 9%
$342,667
Alternative Uses
Best Use
Multifamily LT 5
$440.6K
$385.5K – $514.0K
NOI $30,840 @ 7.0% cap · market cap 5.36%
Second Best
Apartment 5plus
$383.4K
$335.5K – $447.3K
NOI $26,839 @ 7.0% cap · market cap 4.67%
Theoretical Best
Office A
$619.0K
$541.6K – $722.1K
NOI $43,327 @ 7.0% cap · market cap 7.54%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
856
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 - Two three-bedroom residences offer updated kitchens and separate outdoor living areas.
Where is this duplex located?
The property is located at 6114 Waterman Boulevard Saint Louis, MO.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Two 3‑bedroom units in a 2,884‑square‑foot duplex; Built in 1909; Two‑story screened porch provides outdoor space for each unit
