Three-Unit Mixed-Use
New
For Sale
$260,000
7254 Gravois Ave, Saint Louis, MO 63116
A commercial salon space accompanies residential units, including a two-bedroom home and a rear studio.
Property Size1,428 SF
Price / SF$182.07
Days on Market2
Property Features for 7254 Gravois Ave
General Information
Standard status
Active
Size
1,428 SF
Property subtype
Multi-Family
Building Details
Year Built
1907
Listing Agency:
Salient Realty Group, LLC
Listed By:
DRG - Delhougne Realty Group
(636) 238-3830
Source:
Drgstl
Added: Oct 4
Last Checked: Oct 4 at 8:23AM
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 Salient Realty Group, LLC
Investment Insights
Based on property information with market context.
This mixed-use property comprises three units across two buildings: a commercial salon, a two-bedroom, two-bathroom residence, and a rear studio. The main home includes a full basement, and the property totals approximately 2,042 square feet. The studio measures 529 square feet. Appliances are included.
Updates include a kitchen, bathroom, and flooring completed in 2026, along with newer electrical service, a driveway, an HVAC system installed in 2018, and a water heater. Laminate flooring is also noted.
Updates include a kitchen, bathroom, and flooring completed in 2026, along with newer electrical service, a driveway, an HVAC system installed in 2018, and a water heater. Laminate flooring is also noted.
Key Highlights
- Three units distributed across two buildings
- Commercial salon space plus a two‑bedroom, two‑bathroom residence and rear studio
- Approximately 2,042 total square feet; rear studio is 529 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,564
Cap Rate
6.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$351,280
$351.3K
Cap Rate 7%
$250,914
$250.9K
Cap Rate 9%
$195,156
$195.2K
Market Conditions
NOI Build-Up for 1,428 SF
Gross rent
$32.3K $22.62/SF
− Vacancy
−$4.2K −$2.94/SF
EGI
$28.1K $19.68/SF
− OpEx
−$10.5K −$7.38/SF
NOI
$17.6K $12.30/SF
Area
St. Louis County, MO
Vacancy
13.00%
Lease Rate
$22.62 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$351,280
Cap Rate 7%
$250,914
Cap Rate 9%
$195,156
Alternative Uses
Best Use
Mixed Use
$250.9K
$219.6K – $292.7K
NOI $17,564 @ 7.0% cap · market cap 6.76%
Second Best
Apartment 5plus
$189.8K
$166.1K – $221.5K
NOI $13,289 @ 7.0% cap · market cap 5.11%
Theoretical Best
Office A
$306.5K
$268.2K – $357.6K
NOI $21,453 @ 7.0% cap · market cap 8.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
331
Businesses Nearby
Explore this area
Business Placement
Demographics for 63116, MO
41,959
Population
22,394
Households
1.9
Avg Household Size
37
Median Age
37%
College-Educated
90%
High-School Grad
5.4 sq mi
ZIP Area
7,770
Density / Sq Mi
$60,193
Median Household Income
$42,012
Median Earnings
$946
Median Rent
$161,100
Median Home Value
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Frequently Asked Questions
What type of property is this?
Mixed-use property - A commercial salon space accompanies residential units, including a two-bedroom home and a rear studio.
Where is this mixed-use property located?
The property is located at 7254 Gravois Ave Saint Louis, MO.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: Three units distributed across two buildings; Commercial salon space plus a two‑bedroom, two‑bathroom residence and rear studio; Approximately 2,042 total square feet; rear studio is 529 square feet
