Occupied Duplex Rental
New
For Sale
$325,000
999-1001 Cole Blvd, Saint Charles, MO 63301
Fully occupied duplex with tenant-paid utilities and lawn care.
Property Size1,765 SF
Price / SF$184.14
Days on Market7
Property Features for 999-1001 Cole Blvd
General Information
Standard status
Active
Size
1,765 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Multifamily Units
2
Building Details
Year Built
1968
Buildings
1
Tenancy
Multi
Abandoned
No
Listing Agency:
RE/MAX Results
Listed By:
DRG - Delhougne Realty Group
(636) 238-3830
Source:
Drgstl
Added: Sep 20
Changed: Sep 24
Last Checked: Sep 24 at 9:40AM
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 RE/MAX Results
Investment Insights
Based on property information with market context.
This 1,765-square-foot duplex, built in 1968, contains two residential units and is fully occupied. Both units are currently rented, providing an established rental setup for continued income generation. Tenants are responsible for utilities and lawn care, reducing the owner’s direct involvement in those operating responsibilities.
The property is located at 999-1001 Cole Blvd in St. Charles, Missouri, within an established neighborhood with access to shopping, dining, employment centers, McNair Park, and major roadways. The two-unit configuration offers a straightforward addition to an existing rental portfolio or an entry point into multifamily ownership.
The property is located at 999-1001 Cole Blvd in St. Charles, Missouri, within an established neighborhood with access to shopping, dining, employment centers, McNair Park, and major roadways. The two-unit configuration offers a straightforward addition to an existing rental portfolio or an entry point into multifamily ownership.
Key Highlights
- Fully occupied duplex with two residential units
- 1,765 SF property built in 1968
- Both units are currently rented
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
$19,064
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
5.87%
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%
$381,280
$381.3K
Cap Rate 7%
$272,343
$272.3K
Cap Rate 9%
$211,822
$211.8K
Market Conditions
NOI Build-Up for 1,765 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
$28.6K $16.20/SF
− Vacancy
−$1.4K −$0.77/SF
EGI
$27.2K $15.43/SF
− OpEx
−$8.2K −$4.63/SF
NOI
$19.1K $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 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%
$381,280
Cap Rate 7%
$272,343
Cap Rate 9%
$211,822
Alternative Uses
Best Use
Multifamily LT 5
$272.3K
$238.3K – $317.7K
NOI $19,064 @ 7.0% cap · market cap 5.87%
Second Best
Apartment 5plus
$252.9K
$221.3K – $295.1K
NOI $17,706 @ 7.0% cap · market cap 5.45%
Theoretical Best
Warehouse
$467.1K
$408.7K – $545.0K
NOI $32,699 @ 7.0% cap · market cap 10.06%
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
319
Businesses Nearby
Explore this area
Business Placement
Demographics for 63301, MO
50,890
Population
22,687
Households
2.2
Avg Household Size
39
Median Age
39%
College-Educated
94%
High-School Grad
84.3 sq mi
ZIP Area
604
Density / Sq Mi
$83,551
Median Household Income
$46,433
Median Earnings
$1,093
Median Rent
$249,400
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 - Fully occupied duplex with tenant-paid utilities and lawn care.
Where is this duplex located?
The property is located at 999-1001 Cole Blvd Saint Charles, MO.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Fully occupied duplex with two residential units; 1,765 SF property built in 1968; Both units are currently rented
