Duplex with Two-Car
For Sale
$289,900
739 Dover Place St, Louis, MO 63111
MULTI_FAMILY - Other - St Louis, MO
Property Size2,468 SF
Lot Size0.08 Acres
Price / SF$117.46
Days on Market41
Property Features for 739 Dover Place St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 3, Bedroom 1, Bathroom 2, Bathroom 1
Parking
2
Patio and Porch features
Porch, Deck
Interior features
Bookcases, Built-in Features, Ceiling Fan(s), Crown Molding, Custom Cabinetry, Natural Woodwork, Recessed Lighting
Exterior features
Balcony
Fireplace
1
Appliances
Gas Water Heater
Subdivision
Dover Place Add
Lot features
Back Yard, Level, Near Park
Elementary school
Woodward Elem.
Middle school
Lyon-Blow Middle
High school
Roosevelt High
Elementary school district
St. Louis City
Middle school district
St. Louis City
High school district
St. Louis City
Directions
GPS Friendly!
Standard status
Active
APN
2870-00-0220-0
Size
2,468 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
C.B. 2870 DOVER PL 26 FT 9 IN X 132 FT 6 IN DOVER PLACE ADDN LOT W-16 & E-17
Tax Annual Amount
3462
Legal Description
C.B. 2870 DOVER PL 26 FT 9 IN X 132 FT 6 IN DOVER PLACE ADDN LOT W-16 & E-17
Utilities
Utilities
Cable Available
Heating system
Forced Air, Natural Gas, Varies by Unit (Heating)
Cooling system
Electric, Central Air, Multi Units
Water source
Public
Amenities
crown molding
decorative fireplaces
built-in bookcases
updated kitchen
granite counters
wood flooring
contemporary lighting
fenced backyard
Building Details
Year built
1922
Floors in Building
2
Number of units
2
Flooring type
Hardwood
Building materials
Brick
Architectural style
Other
Listing Agency:
Nettwork Global
(636) 614-5132
Listed By:
Joe Geary · License #2018025898
(636) 614-5132
Added: Jul 12
Changed: Aug 5
Last Checked: Aug 21 at 6:06AM
MLS# 26030836
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.
Two-family duplex at 739 Dover Place offering approximately 2,468 square feet of living space on a 0.0788-acre lot. Built in 1922 with brick construction, the property features a fenced backyard and a two-car garage, plus a porch and deck. Interior highlights include crown molding, decorative fireplaces, built-in bookcases, custom cabinetry, hardwood flooring, recessed lighting, and ceiling fans.
Both units include similar character and finishes. The second-floor unit has two bedrooms and an updated kitchen with granite counters, wood flooring, and contemporary lighting. The first-floor unit offers an oversized one-bedroom layout.
Heating is provided by natural gas and forced air, varying by unit, with central air and electric cooling across the home. Public water is available, and a gas water heater and cable availability support everyday tenant needs.
Both units include similar character and finishes. The second-floor unit has two bedrooms and an updated kitchen with granite counters, wood flooring, and contemporary lighting. The first-floor unit offers an oversized one-bedroom layout.
Heating is provided by natural gas and forced air, varying by unit, with central air and electric cooling across the home. Public water is available, and a gas water heater and cable availability support everyday tenant needs.
Key Highlights
- Two‑family duplex at 739 Dover Place on a 0.0788‑acre lot
- Approximately 2,468 square feet of living space
- Built in 1922 with brick construction and hardwood flooring
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
$26,392
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
9.10%
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%
$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
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
$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 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%
$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 9.10%
Second Best
Apartment 5plus
$328.1K
$287.1K – $382.8K
NOI $22,967 @ 7.0% cap · market cap 7.92%
Theoretical Best
Office A
$529.7K
$463.5K – $618.0K
NOI $37,077 @ 7.0% cap · market cap 12.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
563
Businesses Nearby
Explore this area
Business Placement
Demographics for 63111, MO
19,538
Population
10,541
Households
1.9
Avg Household Size
37
Median Age
19%
College-Educated
86%
High-School Grad
3.2 sq mi
ZIP Area
6,106
Density / Sq Mi
$43,295
Median Household Income
$33,114
Median Earnings
$846
Median Rent
$115,500
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-family duplex with brick construction, central air, and a two-car garage.
Where is this duplex located?
The property is located at 739 Dover Place St Louis, MO.
What is the asking price?
The asking price for this property is $289,900.
What are key features of this property?
This property features: Two‑family duplex at 739 Dover Place on a 0.0788‑acre lot; Approximately 2,468 square feet of living space; Built in 1922 with brick construction and hardwood flooring
