Brick Duplex with Two-Car
New
For Sale
$315,000
6218 S Kingshighway Boulevard St, Louis, MO 63109
MULTI_FAMILY - Other - St Louis, MO
Property Size2,644 SF
Lot Size0.09 Acres
Price / SF$119.14
Days on Market2
Property Features for 6218 S Kingshighway Boulevard St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 1, Bathroom 3, Bedroom 2, Bedroom 3, Bathroom 2, Bathroom 1, Basement, Bedroom 4
Parking features
Garage
Interior features
Crown Molding
Fencing
Fenced
Basement
Unfinished
Appliances
Stainless Steel Appliance(s), Dishwasher, Electric Oven, Refrigerator
Subdivision
Arcadia Heights Add
Lot features
Back Yard, Corner Lot, Front Yard, Level
Elementary school
Buder Elem.
Middle school
Long Middle Community Ed. Center
High school
Roosevelt High
Elementary school district
St. Louis City
Middle school district
St. Louis City
High school district
St. Louis City
Directions
South Kingshighway Blvd towards Gravois. Turn left onto Alma for parking, entry to building will be on the right.
Standard status
Active
APN
5643-00-0230-0
Size
2,644 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3076
Utilities
Utilities
Cable Available
Heating system
Natural Gas, Forced Air
Cooling system
Ceiling Fan(s), Central Air
Water source
Public
Amenities
fenced backyard
garage
basement
laundry
Building Details
Year built
1924
Floors in Building
2
Number of units
2
Flooring type
Wood
Building materials
Brick, Brick Veneer
Architectural style
Other
Listing Agency:
Keller Williams Realty St. Louis
(314) 677-6000
Listed By:
Jay Vandenburgh · License #2015032484
(314) 677-6000
Added: Aug 11
Changed: Aug 12
Last Checked: Aug 12 at 12:06PM
MLS# 26050461
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.
This 2,644-square-foot brick duplex, built in 1924, offers two residential units with wood flooring and distinct layouts. The first-floor residence includes living and dining areas, a kitchen, two bedrooms, bathrooms, and sunroom space. The upper unit has two bedrooms, two bathrooms, a laundry room, and an updated kitchen with granite countertops and stainless steel appliances. Crown molding, central air, forced-air natural-gas heat, and public water serve the property.
Exterior features include a fenced backyard and a two-car garage with one parking space allocated to each unit. The basement provides additional storage and includes laundry equipment for the first-floor residence. Both hot water heaters were replaced in 2025. The property is located near shops, restaurants, parks, and other amenities in South City.
Exterior features include a fenced backyard and a two-car garage with one parking space allocated to each unit. The basement provides additional storage and includes laundry equipment for the first-floor residence. Both hot water heaters were replaced in 2025. The property is located near shops, restaurants, parks, and other amenities in South City.
Key Highlights
- 2,644 SF brick duplex built in 1924
- Two‑car garage with one parking space for each unit
- Upper unit includes 2 bedrooms, 2 bathrooms, laundry, and updated kitchen
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
$28,274
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
8.98%
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%
$565,480
$565.5K
Cap Rate 7%
$403,914
$403.9K
Cap Rate 9%
$314,156
$314.2K
Market Conditions
NOI Build-Up for 2,644 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
$42.8K $16.20/SF
− Vacancy
−$2.4K −$0.92/SF
EGI
$40.4K $15.28/SF
− OpEx
−$12.1K −$4.58/SF
NOI
$28.3K $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%
$565,480
Cap Rate 7%
$403,914
Cap Rate 9%
$314,156
Alternative Uses
Best Use
Multifamily LT 5
$403.9K
$353.4K – $471.2K
NOI $28,274 @ 7.0% cap · market cap 8.98%
Second Best
Apartment 5plus
$351.5K
$307.6K – $410.1K
NOI $24,605 @ 7.0% cap · market cap 7.81%
Theoretical Best
Office A
$567.4K
$496.5K – $662.0K
NOI $39,721 @ 7.0% cap · market cap 12.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
6,548
Businesses Nearby
Explore this area
Business Placement
Demographics for 63109, MO
26,777
Population
14,963
Households
1.8
Avg Household Size
39
Median Age
52%
College-Educated
96%
High-School Grad
3.5 sq mi
ZIP Area
7,651
Density / Sq Mi
$71,563
Median Household Income
$52,245
Median Earnings
$929
Median Rent
$244,900
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?
Duplex - Two-unit brick property with separate living spaces, a fenced backyard, basement storage, and dedicated garage parking.
Where is this duplex located?
The property is located at 6218 S Kingshighway Boulevard St Louis, MO.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: 2,644 SF brick duplex built in 1924; Two‑car garage with one parking space for each unit; Upper unit includes 2 bedrooms, 2 bathrooms, laundry, and updated kitchen
