Duplex with
7768 Wise Avenue, Richmond Heights, MO 63117
For Sale
New
$475,000
Residential Income, Richmond Heights, MO
Property Size2,502 SF
Lot Size0.12 Acres
Price / SF$189.85
Days on Market5
Property Features for 7768 Wise Avenue
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Basement
Subdivision
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Heating system
Cooling system
Water source
Amenities
backyard
basement laundry
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Architectural style
Listing Agency:
STL Rental Services and Sales
Listed By:
Mimi Mackey Hollrah
(314) 609-2829
Added: Nov 3
Changed: Nov 5
Last Checked: Nov 7 at 2:06PM
MLS# 26070096
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.
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Investment Insights
Based on property information with market context.
This 2,502-square-foot brick duplex contains two units, each with two bedrooms, one full bath, hardwood floors, and a sunroom. Updated kitchens and bathrooms serve both residences. A two-car garage, backyard, and basement laundry add practical features to the property, which was built in 1927. The 0.1205-acre parcel is served by public water.
In Richmond Heights, the property sits one block from Clayton and has access to Highway 40 for travel toward Downtown or West County. Electrical work, PVC and copper plumbing, hot water heaters, and HVAC units have been updated within the past 10 years. The property is offered at a 7.4% in-place cap rate.
In Richmond Heights, the property sits one block from Clayton and has access to Highway 40 for travel toward Downtown or West County. Electrical work, PVC and copper plumbing, hot water heaters, and HVAC units have been updated within the past 10 years. The property is offered at a 7.4% in-place cap rate.
Key Highlights
- Two units, each with 2 bedrooms, 1 full bath, and a sunroom
- 2,502‑square‑foot brick building on a 0.1205‑acre lot
- Two‑car garage, backyard, and basement laundry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,755
Cap Rate
5.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$535,100
$535.1K
Cap Rate 7%
$382,214
$382.2K
Cap Rate 9%
$297,278
$297.3K
Market Conditions
NOI Build-Up for 2,502 SF
Gross rent
$40.5K $16.20/SF
− Vacancy
−$2.3K −$0.92/SF
EGI
$38.2K $15.28/SF
− OpEx
−$11.5K −$4.58/SF
NOI
$26.8K $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%
$535,100
Cap Rate 7%
$382,214
Cap Rate 9%
$297,278
Alternative Uses
Best Use
Multifamily LT 5
$382.2K
$334.4K – $445.9K
NOI $26,755 @ 7.0% cap · market cap 5.63%
Second Best
Apartment 5plus
$332.6K
$291.1K – $388.1K
NOI $23,284 @ 7.0% cap · market cap 4.90%
Theoretical Best
Office A
$537.0K
$469.9K – $626.5K
NOI $37,588 @ 7.0% cap · market cap 7.91%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
816
Businesses Nearby
Explore this area
Business Placement
Demographics for 63117, MO
9,660
Population
4,917
Households
2
Avg Household Size
37
Median Age
74%
College-Educated
99%
High-School Grad
2.4 sq mi
ZIP Area
4,025
Density / Sq Mi
$86,667
Median Household Income
$59,872
Median Earnings
$1,216
Median Rent
$330,100
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in St. Louis County, MO
Properties on Market for Duplexes in St. Louis County
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two units offer updated kitchens and baths, hardwood flooring, and flexible additional space in each sunroom.
Where is this duplex located?
The property is located at 7768 Wise Avenue Richmond Heights, 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 2 bedrooms, 1 full bath, and a sunroom; 2,502‑square‑foot brick building on a 0.1205‑acre lot; Two‑car garage, backyard, and basement laundry
