2-Unit Duplex with Kitchen
For Sale
$369,500
6225 Victoria Avenue, Saint Louis, MO 63139
The upper apartment has a long-term tenant, while the first-floor unit is occupied month to month.
Property Size1,944 SF
Price / SF$190.07
Days on Market102
Property Features for 6225 Victoria Avenue
General Information
Standard status
Active
Size
1,944 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$3,799
Building Details
Building Size
1,944 SF
Year Built
1910
Buildings
1
Units
2
Tenancy
Multi
Listing Agency:
Cathlee's Real Estate
(573) 860-4400
Listed By:
Chase Zancauske · License #2011005814
(573) 604-0085
Source:
Cathlees
Added: Jul 21
Changed: Oct 25
Last Checked: Oct 29 at 6:36PM
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 Cathlee's Real Estate
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Investment Insights
Based on property information with market context.
This 1,944-square-foot duplex, built in 1910, contains two apartments traditionally configured as one-bedroom units. Each has a floor plan that may accommodate a second bedroom or alternate room use. Hardwood floors and porches off the kitchens are among the interior features. Improvements include a new roof, newer windows and electric panels, PVs, and copper plumbing.
The upper apartment is occupied by a long-term tenant; the first-floor unit is rented month to month. The property is in the Dogtown neighborhood, minutes from Forest Park, restaurants, shops, and major highways.
The upper apartment is occupied by a long-term tenant; the first-floor unit is rented month to month. The property is in the Dogtown neighborhood, minutes from Forest Park, restaurants, shops, and major highways.
Key Highlights
- 1,944‑square‑foot duplex built in 1910
- Two apartments, each traditionally used as a one‑bedroom unit
- Porches extend from the kitchens
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,788
Cap Rate
5.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$415,760
$415.8K
Cap Rate 7%
$296,971
$297.0K
Cap Rate 9%
$230,978
$231.0K
Market Conditions
NOI Build-Up for 1,944 SF
Gross rent
$31.5K $16.20/SF
− Vacancy
−$1.8K −$0.92/SF
EGI
$29.7K $15.28/SF
− OpEx
−$8.9K −$4.58/SF
NOI
$20.8K $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%
$415,760
Cap Rate 7%
$296,971
Cap Rate 9%
$230,978
Alternative Uses
Best Use
Multifamily LT 5
$297.0K
$259.9K – $346.5K
NOI $20,788 @ 7.0% cap · market cap 5.63%
Second Best
Apartment 5plus
$258.4K
$226.1K – $301.5K
NOI $18,091 @ 7.0% cap · market cap 4.90%
Theoretical Best
Office A
$417.2K
$365.1K – $486.8K
NOI $29,205 @ 7.0% cap · market cap 7.90%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
746
Businesses Nearby
Explore this area
Business Placement
Demographics for 63139, MO
21,971
Population
12,187
Households
1.8
Avg Household Size
38
Median Age
49%
College-Educated
96%
High-School Grad
3.8 sq mi
ZIP Area
5,782
Density / Sq Mi
$74,749
Median Household Income
$52,298
Median Earnings
$1,086
Median Rent
$199,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - The upper apartment has a long-term tenant, while the first-floor unit is occupied month to month.
Where is this duplex located?
The property is located at 6225 Victoria Avenue Saint Louis, MO.
What is the asking price?
The asking price for this property is $369,500.
What are key features of this property?
This property features: 1,944‑square‑foot duplex built in 1910; Two apartments, each traditionally used as a one‑bedroom unit; Porches extend from the kitchens
