Renovated Two-Unit
For Sale
$499,900
7150 Tulane Ave, Saint Louis, MO 63130
Fully furnished residential property with updated interiors, laundry facilities, storage, and a two-car garage.
Property Size2,468 SF
Price / SF$202.55
Days on Market86
Property Features for 7150 Tulane Ave
General Information
Standard status
Active
Size
2,468 SF
Total Parking Spaces
2
Property subtype
Residential Income
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Furnished
Yes
Taxes and HOA fees
Annual Taxes
$4,074
Amenities
in-unit laundry
bonus flex space
storage
Building Details
Buildings
1
Listing Agency:
Portica Real Estate LLC
(314) 266-6556
Listed By:
Raj Tailor
(314) 952-5472
Source:
Exprealty
Added: Jul 22
Changed: Oct 7
Last Checked: Oct 15 at 1:46AM
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 Portica Real Estate LLC
Investment Insights
Based on property information with market context.
Renovated duplex at 7150 Tulane Ave in Saint Louis, Missouri, with two furnished residential units. Each unit includes two bedrooms, one bathroom, refinished hardwood flooring, a kitchen with granite countertops, mosaic tile backsplashes, premium appliances, and bedrooms with walk-in closets. Natural light is present throughout both units. The upper-level residence adds in-unit laundry and flexible bonus space, while the lower level provides clean, dry storage, additional laundry hookups, and updated systems.
The property includes a two-car garage and is being offered with its furnishings. It has been operated as a short-term rental and has an established rental history. The configuration also supports owner occupancy or long-term rental use, as stated in the property information.
The property includes a two-car garage and is being offered with its furnishings. It has been operated as a short-term rental and has an established rental history. The configuration also supports owner occupancy or long-term rental use, as stated in the property information.
Key Highlights
- Two 2‑bedroom, 1‑bath units
- Fully furnished and operated as a short‑term rental
- Refinished hardwood floors, granite countertops, mosaic tile backsplashes, and premium appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,392
Cap Rate
5.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$527,840
$527.8K
Cap Rate 7%
$377,029
$377.0K
Cap Rate 9%
$293,244
$293.2K
Market Conditions
NOI Build-Up for 2,468 SF
Gross rent
$40.0K $16.20/SF
− Vacancy
−$2.3K −$0.92/SF
EGI
$37.7K $15.28/SF
− OpEx
−$11.3K −$4.58/SF
NOI
$26.4K $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%
$527,840
Cap Rate 7%
$377,029
Cap Rate 9%
$293,244
Alternative Uses
Best Use
Multifamily LT 5
$377.0K
$329.9K – $439.9K
NOI $26,392 @ 7.0% cap · market cap 5.28%
Second Best
Apartment 5plus
$328.1K
$287.1K – $382.8K
NOI $22,967 @ 7.0% cap · market cap 4.59%
Theoretical Best
Office A
$529.7K
$463.5K – $618.0K
NOI $37,077 @ 7.0% cap · market cap 7.42%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
490
Businesses Nearby
Explore this area
Business Placement
Demographics for 63130, MO
29,454
Population
14,106
Households
2.1
Avg Household Size
35
Median Age
64%
College-Educated
97%
High-School Grad
5.0 sq mi
ZIP Area
5,891
Density / Sq Mi
$81,103
Median Household Income
$50,407
Median Earnings
$1,199
Median Rent
$285,500
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
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Frequently Asked Questions
What type of property is this?
Duplex - Fully furnished residential property with updated interiors, laundry facilities, storage, and a two-car garage.
Where is this duplex located?
The property is located at 7150 Tulane Ave Saint Louis, MO.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bath units; Fully furnished and operated as a short‑term rental; Refinished hardwood floors, granite countertops, mosaic tile backsplashes, and premium appliances
