Renovated Two-Unit
For Sale
$475,000
7240 Balson Avenue, Saint Louis, MO 63130
Two three-bedroom residences pair updated kitchens and baths with basement storage, laundry hookups, and off-street parking.
Property Size2,800 SF
Price / SF$169.64
Days on Market36
Property Features for 7240 Balson Avenue
General Information
Standard status
Active
Size
2,800 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$6,328
Amenities
basement storage
washer/dryer hookups
fenced backyard
Dining/Living Room Combo
Granite Counters
Shower
Storage
Tub
Building Details
Building Size
2,800 SF
Year Built
1952
Year Renovated
2025
Buildings
1
Listing Agency:
The Agency
(314) 677-1477
Listed By:
Brian Tash · License #2005020526
(314) 893-7870
Source:
Finehomesbydawn
Added: Sep 25
Changed: Oct 26
Last Checked: Oct 29 at 8:20PM
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 The Agency
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Investment Insights
Based on property information with market context.
This 2,800-square-foot duplex contains two residences, each arranged with three bedrooms and two full bathrooms. Both units received renovations in 2025, including updated kitchens and baths, new appliances, flooring, windows, and major mechanical systems. A new roof, fresh paint, and concrete driveway and walkways are also part of the improvements. Hardwood floors remain in the living and dining areas, and each unit has a primary bedroom with an ensuite bath.
Additional property features include basement storage, washer and dryer hookups, dedicated off-street parking, and a fenced backyard. The second-floor unit is leased, while the first-floor unit was previously rented. The property is in University City, near shops, restaurants, parks, the Delmar Loop, and Washington University.
Additional property features include basement storage, washer and dryer hookups, dedicated off-street parking, and a fenced backyard. The second-floor unit is leased, while the first-floor unit was previously rented. The property is in University City, near shops, restaurants, parks, the Delmar Loop, and Washington University.
Key Highlights
- Two units, each with 3 bedrooms and 2 full baths
- 2,800 square feet; built in 1952
- Renovations completed in 2025, including major mechanical systems, roof, and windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,942
Cap Rate
6.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$598,840
$598.8K
Cap Rate 7%
$427,743
$427.7K
Cap Rate 9%
$332,689
$332.7K
Market Conditions
NOI Build-Up for 2,800 SF
Gross rent
$45.4K $16.20/SF
− Vacancy
−$2.6K −$0.92/SF
EGI
$42.8K $15.28/SF
− OpEx
−$12.8K −$4.58/SF
NOI
$29.9K $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%
$598,840
Cap Rate 7%
$427,743
Cap Rate 9%
$332,689
Alternative Uses
Best Use
Multifamily LT 5
$427.7K
$374.3K – $499.0K
NOI $29,942 @ 7.0% cap · market cap 6.30%
Second Best
Apartment 5plus
$372.2K
$325.7K – $434.3K
NOI $26,057 @ 7.0% cap · market cap 5.49%
Theoretical Best
Office A
$600.9K
$525.8K – $701.1K
NOI $42,065 @ 7.0% cap · market cap 8.86%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
501
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom residences pair updated kitchens and baths with basement storage, laundry hookups, and off-street parking.
Where is this duplex located?
The property is located at 7240 Balson Avenue Saint Louis, MO.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Two units, each with 3 bedrooms and 2 full baths; 2,800 square feet; built in 1952; Renovations completed in 2025, including major mechanical systems, roof, and windows
