Two-Unit Brick
New
For Sale
$369,900
753-755 Lepere Ave, Saint Louis, MO 63132
Two two-bedroom residences offer separate entrances, central air, and a shared outdoor area.
Property Size1,960 SF
Price / SF$188.72
Days on Market2
Property Features for 753-755 Lepere Ave
General Information
Standard status
Active
Size
1,960 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
2 x 2BR
Multifamily Units
2
Additional Details
Gross Income
$33,600
Amenities
central air
full basement
private entrances
shared backyard
large deck
hardwood floors
modern kitchen with stainless steel appliances
Building Details
Year Built
1957
Buildings
1
Stories
1
Construction
brick
Tenancy
Multi
Abandoned
No
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 8:27AM
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.
Built in 1957, this one-story brick duplex contains approximately 1,960 square feet across two residences of approximately 975 square feet each. Both units have two bedrooms and private entrances. Building features include central air, a full basement, a shared backyard, and a large deck. Interior details include hardwood flooring and a kitchen with stainless steel appliances in select areas.
The property is in University City, bordering Olivette, with access to Clayton, Washington University, employment centers, shopping, dining, and regional transportation corridors.
The building is fully occupied and offers two distinct residences within a shared property, combining private entry with common outdoor space.
The property is in University City, bordering Olivette, with access to Clayton, Washington University, employment centers, shopping, dining, and regional transportation corridors.
The building is fully occupied and offers two distinct residences within a shared property, combining private entry with common outdoor space.
Key Highlights
- Two residences, each with two bedrooms and approximately 975 square feet
- One‑story brick building with approximately 1,960 square feet; built in 1957
- Central air and a full basement
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
$20,959
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
5.67%
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%
$419,180
$419.2K
Cap Rate 7%
$299,414
$299.4K
Cap Rate 9%
$232,878
$232.9K
Market Conditions
NOI Build-Up for 1,960 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
$31.8K $16.20/SF
− Vacancy
−$1.8K −$0.92/SF
EGI
$29.9K $15.28/SF
− OpEx
−$9.0K −$4.58/SF
NOI
$21.0K $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%
$419,180
Cap Rate 7%
$299,414
Cap Rate 9%
$232,878
Alternative Uses
Best Use
Multifamily LT 5
$299.4K
$262.0K – $349.3K
NOI $20,959 @ 7.0% cap · market cap 5.67%
Second Best
Apartment 5plus
$260.6K
$228.0K – $304.0K
NOI $18,240 @ 7.0% cap · market cap 4.93%
Theoretical Best
Office A
$420.7K
$368.1K – $490.8K
NOI $29,446 @ 7.0% cap · market cap 7.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
573
Businesses Nearby
Explore this area
Business Placement
Demographics for 63132, MO
14,657
Population
6,253
Households
2.3
Avg Household Size
39
Median Age
62%
College-Educated
97%
High-School Grad
5.2 sq mi
ZIP Area
2,819
Density / Sq Mi
$84,034
Median Household Income
$47,082
Median Earnings
$1,325
Median Rent
$403,600
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 two-bedroom residences offer separate entrances, central air, and a shared outdoor area.
Where is this duplex located?
The property is located at 753-755 Lepere Ave Saint Louis, MO.
What is the asking price?
The asking price for this property is $369,900.
What are key features of this property?
This property features: Two residences, each with two bedrooms and approximately 975 square feet; One‑story brick building with approximately 1,960 square feet; built in 1957; Central air and a full basement
