Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Well-Maintained Two-Unit Building Title is generated by Realmo AI

    738 Dover Pl, Saint Louis, MO 63111

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Updated duplex with tenant income potential in Saint Louis.

    Type:Multifamily
    Property size:
    2,576 SF
    Price / SF:
    $93/SF
    Added:
    Feb 26, 2026
    Days on Market:
    80
    Last Refresh:
    Mar 17 at 1:17 pm

    Property Features for 738 Dover Pl

    General Information

    Standard status
    Active
    Size
    2,576 SF
    Property subtype
    Multifamily

    Building Details

    Year Built
    1906

    We can help!

    Listing Contact
    Jarett Shaffer

    Listing agent Jarett Shaffer License #2023026568

    Listing office KW Commercial St. Louis SW

    Listing date Feb 26, 2026

    Source Crexi

    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 KW Commercial St. Louis SW

    HighLights

    • Turnkey Investment: Two updated units, both currently occupied and generating rental income.
    • Recent Major Updates: Newer roof, HVAC, and sewer lateral lining.
    • House Hacking Opportunity: Live in one unit and rent out the other to offset mortgage costs.
    • Potential Interest Rate Buy‑Down: Owner occupants may qualify for a lower monthly payment.
    • Outdoor Space: Each unit features a private balcony/deck.
    • Hardwood Floors: Beautiful hardwood floors throughout both units.

    Overview

    This well-maintained two-unit building features two beds and one bath in each unit. Both units are currently occupied, providing immediate rental income. Recent updates include a newer roof, HVAC system, and sewer lateral lining. Each unit includes a private balcony or deck. The interior features hardwood floors throughout, offering ample living space. The property presents a potential opportunity for owner-occupancy, allowing the owner to reside in one unit while tenants contribute to the mortgage payments. The property size is 2576 square feet and is located in Saint Louis, MO.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Saint Louis
    County
    St. Louis
    State
    Missouri
    Longitude
    -90.25173
    Latitude
    38.564224

    Nearby Similar for Sale

    • $650,000
      16,441 SF

      Versatile Brick Building in Prime Location

      16,441 SF mixed-use building on 1.92 acres for sale.
      9707 Chicago Heights Boulevard, Unincorporated, MO 63132
      View Details
    • $100,000

      Remodeled Retail Building with Highway Access

      Freestanding commercial building with highway access, suitable for various businesses.
      1310 S Florissant Road, Cool Valley, MO 63121
      View Details
    • $2,399,999
      27,946 SF

      St. John Multifamily Investment Opportunity

      Well-maintained 24-unit apartment community with value-add potential.
      9310 Shirley Gardens Drive, St John, MO 63114
      View Details
    • $4,999,000
      1,040 SF

      Diversified Condominium Portfolio Opportunity

      Portfolio of 75 condominiums across North St. Louis County.
      11978 Del Reo Court, Unincorporated, MO 63138
      View Details
    • $800,000
      16,144 SF

      School/Church

      All-brick building suitable for various businesses, church, or school.
      9707 Chicago Heights Blvd, Saint Louis, MO 63132
      View Details
    • $800,000
      16,144 SF

      9707 Chicago Heights Blvd

      Versatile brick building suitable for various businesses or redevelopment.
      9707 Chicago Heights Blvd, Saint Louis, MO 63132
      View Details
    • $1,895,000
      37,544 SF

      Soulard Office/Warehouse Buildings For Sale

      Two buildings with office and warehouse space in Soulard.
      620 Shenandoah & 2322 South 7th Street, Saint Louis, MO 63104
      View Details
    • $425,000
      5,282 SF

      Downtown St. Louis Redevelopment Opportunity

      Historic two-story building in downtown St. Louis with redevelopment potential.
      1011 OLIVE ST, SAINT LOUIS, MO
      View Details
    • $475,000
      2,280 SF

      Freestanding Building in Webster Groves

      Versatile commercial building in a high-demand St. Louis submarket.
      Saint Louis, MO 63119
      View Details
    • $350,000
      2,643 SF

      Office Building with Road Frontage

      Office space for lease or sale with excellent road frontage.
      10236 Halls Ferry Rd, Saint Louis, MO
      View Details
    • $1,100,000
      18,975 SF

      Office/Warehouse Building in St. Louis

      18,975 SF office/warehouse on 1.07 acres in St. Louis.
      620 Shenandoah Avenue, Saint Louis, MO 63104
      View Details
    • $475,000
      2,280 SF

      Freestanding Building in Webster Groves

      2,280 SF building in high-demand Webster Groves submarket.
      7927 Big Bend Blvd, Saint Louis, MO
      View Details

    FAQs

    What type of property is this?
    Duplex - Updated duplex with tenant income potential in Saint Louis.
    Where is this duplex located?
    The property is located at 738 Dover Pl Saint Louis, MO.
    What is the asking price?
    The asking price for this property is $240,000.
    What are key features of this property?
    This property features: Turnkey Investment: Two updated units, both currently occupied and generating rental income.; Recent Major Updates: Newer roof, HVAC, and sewer lateral lining.; House Hacking Opportunity: Live in one unit and rent out the other to offset mortgage costs.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Jarett Shaffer
    Real Estate License ID: 2023026568
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    738 Dover Pl, Saint Louis, MO 63111
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!