Two-Unit Ranch
For Sale
$450,000
916 N Main Street, O Fallon, MO 63366
Each residence has private laundry and flexible space created from converted garage areas.
Property Size2,220 SF
Price / SF$202.70
Days on Market24
Property Features for 916 N Main Street
General Information
Standard status
Active
Size
2,220 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 2BR/1.5BA
Multifamily Units
2
Amenities
luxury vinyl flooring
central air
forced-air heating
ceiling fans
private laundry
fenced backyard
paved parking
accessibility features
Building Details
Building Size
2,220 SF
Year Built
1960
Buildings
1
Construction
ranch-style
Listing Agency:
Flowers Home Realty
(636) 348-0222
Listed By:
Marletta Flowers
(314) 614-8707
Source:
Flowershomerealty
Added: Oct 1
Changed: Oct 23
Last Checked: Oct 23 at 1:26PM
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 Flowers Home Realty
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Investment Insights
Based on property information with market context.
At 916 N Main Street in O’Fallon, this ranch-style duplex contains approximately 2,220 square feet above grade. Its two residences each have 2 bedrooms, 1.5 bathrooms, living and dining areas, a kitchen, and private laundry. Converted garage areas provide additional flexible interior space. One unit includes accessibility modifications to its entrance, doors, bedroom, common areas, and bathroom features.
The property also has central air, forced-air heating, ceiling fans, luxury vinyl flooring, and a fenced backyard. Paved parking includes a driveway and parking area, with a shared driveway configuration. Built in 1960, the duplex offers two distinct residential units along Main Street.
The property also has central air, forced-air heating, ceiling fans, luxury vinyl flooring, and a fenced backyard. Paved parking includes a driveway and parking area, with a shared driveway configuration. Built in 1960, the duplex offers two distinct residential units along Main Street.
Key Highlights
- Two residences, each with 2 bedrooms and 1.5 bathrooms
- Approximately 2,220 square feet above grade
- One unit has accessibility modifications to the entrance, doors, bedroom, common areas, and bathroom features
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,979
Cap Rate
5.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$479,580
$479.6K
Cap Rate 7%
$342,557
$342.6K
Cap Rate 9%
$266,433
$266.4K
Market Conditions
NOI Build-Up for 2,220 SF
Gross rent
$36.0K $16.20/SF
− Vacancy
−$1.7K −$0.77/SF
EGI
$34.3K $15.43/SF
− OpEx
−$10.3K −$4.63/SF
NOI
$24.0K $10.80/SF
Area
St. Charles County, MO
Vacancy
4.75%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$479,580
Cap Rate 7%
$342,557
Cap Rate 9%
$266,433
Alternative Uses
Best Use
Multifamily LT 5
$342.6K
$299.7K – $399.7K
NOI $23,979 @ 7.0% cap · market cap 5.33%
Second Best
Apartment 5plus
$318.2K
$278.4K – $371.2K
NOI $22,271 @ 7.0% cap · market cap 4.95%
Theoretical Best
Warehouse
$587.5K
$514.1K – $685.5K
NOI $41,128 @ 7.0% cap · market cap 9.14%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
196
Businesses Nearby
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Business Placement
Demographics for 63366, MO
53,861
Population
21,204
Households
2.5
Avg Household Size
38
Median Age
34%
College-Educated
95%
High-School Grad
69.3 sq mi
ZIP Area
777
Density / Sq Mi
$98,237
Median Household Income
$51,750
Median Earnings
$1,274
Median Rent
$283,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has private laundry and flexible space created from converted garage areas.
Where is this duplex located?
The property is located at 916 N Main Street O Fallon, MO.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1.5 bathrooms; Approximately 2,220 square feet above grade; One unit has accessibility modifications to the entrance, doors, bedroom, common areas, and bathroom features
