Two-Family Residential Income
6114 Waterman Boulevard St Louis, MO 63112
For Sale
$599,000
MULTI_FAMILY - Other - St Louis, MO
Property Size2,884 SF
Lot Size0.10 Acres
Price / SF$207.70
Days on Market13
Property Features for 6114 Waterman Boulevard St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 3
- Bathrooms
- 1
- Rooms
- Bedroom 1, Bathroom 1, Bedroom 3, Bedroom 2
- Parking features
- Off Street, On Street
- Patio and Porch features
- Porch
- Exterior features
- Courtyard, Lighting
- Fireplace
- 1
- Basement
- Walk-Out Access, Unfinished
- Appliances
- Dishwasher, Dryer, Range, Refrigerator, Washer
- Standard status
- Active
- APN
- 5416-00-0170-0
- Size
- 2,884 SF
- Lot size
- 0.10 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 4667
Utilities
- Heating system
- Natural Gas
- Cooling system
- Central Air
Building Details
- Year built
- 1909
- Floors in Building
- 3
- Number of units
- 2
- Flooring type
- Hardwood
- Building materials
- Brick
- Architectural style
- Other
Listing Agency:
Invest St. Louis
(314) 325-6201
Listed By:
Megan Skaggs · License #2026024794
(314) 255-5117
Added: Jul 11
Changed: Jul 22
Last Checked: Jul 23 at 9:06PM
MLS# 26039288
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.
6114 Waterman Boulevard is a vacant two-family asset offering two spacious three-bedroom, one-bath units in a single building. The property totals 2,884 square feet, with each apartment featuring hardwood floors, large bedrooms, built-in bookshelves and cabinetry, and original fireplaces, along with bay windows. Kitchens open to rear screened-in porches, and both units benefit from updated plumbing, HVAC, and electric systems. A private fenced backyard with patio area and ample basement storage add practical day-to-day value, and the apartments have been recently painted to support a quick move toward leasing or occupancy.
Set on a premier street in the Skinker-DeBaliviere area, the property is described as blocks from Washington University and the Delmar Loop, with proximity to Forest Park.
The most recent rental history shows strong tenant demand, with prior furnished rents of $3,000 per month and $2,695 per month. The remarks note that if both units were leased at $3,000 per month, annual gross rent would total $72,000.
Set on a premier street in the Skinker-DeBaliviere area, the property is described as blocks from Washington University and the Delmar Loop, with proximity to Forest Park.
The most recent rental history shows strong tenant demand, with prior furnished rents of $3,000 per month and $2,695 per month. The remarks note that if both units were leased at $3,000 per month, annual gross rent would total $72,000.
Key Highlights
- Brick 2‑family home built in 1909 with 2,884 SF total and two units, each with 3 bedrooms and 1 bathroom
- Central air and natural gas heating; fireplace in each unit, with original fireplaces and hardwood flooring
- Kitchens open to rear screened‑in porches; bay windows plus built‑in bookshelves and cabinetry in the units
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $46.7k | $16.20 |
| − Vacancy | −$2.7k | −$0.92 |
| EGI | $44.1k | $15.28 |
| − OpEx | −$13.2k | −$4.58 |
| NOI | $30.8k | $10.69 |
2,884 SF · lease $16.20/SF/yr · vacancy 5.70% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$440.6K
$385.5K – $514.0K
NOI $30,840 @ 7.0% cap · market cap 5.15%
Second Best
Apartment 5plus
$383.4K
$335.5K – $447.3K
NOI $26,839 @ 7.0% cap · market cap 4.48%
Theoretical Best
Office A
$619.0K
$541.6K – $722.1K
NOI $43,327 @ 7.0% cap · market cap 7.23%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Vacant two-family with two spacious three-bedroom, one-bath apartments, updated systems, and screened porches.
Where is this duplex located?
The property is located at 6114 Waterman Boulevard St Louis, MO.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Brick 2‑family home built in 1909 with 2,884 SF total and two units, each with 3 bedrooms and 1 bathroom; Central air and natural gas heating; fireplace in each unit, with original fireplaces and hardwood flooring; Kitchens open to rear screened‑in porches; bay windows plus built‑in bookshelves and cabinetry in the units
