Brick Duplex with Detached
New
For Sale
$429,000
6500 Devonshire Avenue St, Louis, MO 63109
MULTI_FAMILY - Other - St Louis, MO
Property Size2,686 SF
Lot Size0.10 Acres
Price / SF$159.72
Days on Market1
Property Features for 6500 Devonshire Avenue St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Dining Room, Bedroom 4, Bedroom 3, Bathroom 1, Basement, Bedroom 1, Bedroom 2
Parking
2
Parking features
Alley
Interior features
Ceiling Fan(s), Eat-in Kitchen, Natural Woodwork, Separate Dining
Fireplace
1
Basement
Full
Subdivision
St Louis Hills Add
Lot features
City Lot, Corner Lot, Front Yard, Near Public Transit
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
Standard status
Active
APN
6192-00-0080-0
Size
2,686 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4875
Utilities
Heating system
Forced Air, Natural Gas
Cooling system
Central Air, Ceiling Fan(s)
Water source
Public
Amenities
fenced backyard
Building Details
Year built
1937
Number of units
2
Flooring type
Wood, Tile - Ceramic
Building materials
Brick
Architectural style
Other
Listing Agency:
Failoni Consultants R.E.Co.
(314) 772-8407
Listed By:
Wayne Failoni · License #1999019426
(314) 772-8407
Added: Aug 11
Last Checked: Aug 11 at 5:06PM
MLS# 26046597
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 1937 brick duplex contains two 2-bedroom, 1-bathroom residences within 2,686 square feet. Interior details include wood and ceramic tile flooring, natural woodwork, ceiling fans, eat-in kitchens, and separate dining rooms. Forced-air natural gas heating and central air conditioning serve the property, while a fireplace adds another interior feature. Public water is available, and alley access supports parking and property circulation.
The 0.1005-acre property occupies a corner lot at 6500 Devonshire Avenue in St. Louis, MO 63109. A detached two-car garage and fenced backyard add functional outdoor space. The property is near Ted Drewes Frozen Custard, Francis Park, restaurants, and shops along the Hampton commercial corridor. Its two-unit layout also supports either owner occupancy or an income-producing residential use.
The 0.1005-acre property occupies a corner lot at 6500 Devonshire Avenue in St. Louis, MO 63109. A detached two-car garage and fenced backyard add functional outdoor space. The property is near Ted Drewes Frozen Custard, Francis Park, restaurants, and shops along the Hampton commercial corridor. Its two-unit layout also supports either owner occupancy or an income-producing residential use.
Key Highlights
- Two‑unit duplex with 2‑bedroom/1‑bathroom residences
- 2,686 square feet on a 0.1005‑acre corner lot
- Detached two‑car garage and fenced backyard
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
$28,723
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
6.70%
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%
$574,460
$574.5K
Cap Rate 7%
$410,329
$410.3K
Cap Rate 9%
$319,144
$319.1K
Market Conditions
NOI Build-Up for 2,686 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
$43.5K $16.20/SF
− Vacancy
−$2.5K −$0.92/SF
EGI
$41.0K $15.28/SF
− OpEx
−$12.3K −$4.58/SF
NOI
$28.7K $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%
$574,460
Cap Rate 7%
$410,329
Cap Rate 9%
$319,144
Alternative Uses
Best Use
Multifamily LT 5
$410.3K
$359.0K – $478.7K
NOI $28,723 @ 7.0% cap · market cap 6.70%
Second Best
Apartment 5plus
$357.1K
$312.5K – $416.6K
NOI $24,996 @ 7.0% cap · market cap 5.83%
Theoretical Best
Office A
$576.5K
$504.4K – $672.5K
NOI $40,352 @ 7.0% cap · market cap 9.41%
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
667
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-bedroom units feature separate dining areas, natural woodwork, and access to a fenced backyard.
Where is this duplex located?
The property is located at 6500 Devonshire Avenue St Louis, MO.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: Two‑unit duplex with 2‑bedroom/1‑bathroom residences; 2,686 square feet on a 0.1005‑acre corner lot; Detached two‑car garage and fenced backyard
