Rehabilitated Brick
For Sale
$235,000
A-5880 Kennerly Ave, Saint Louis, MO 63113
Two all-electric units offer flexible living arrangements with bonus rooms for storage or home-office use.
Property Size2,112 SF
Price / SF$111.27
Days on Market12
Property Features for A-5880 Kennerly Ave
General Information
Standard status
Active
Size
2,112 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$306
Building Details
Year Renovated
2025
Construction
brick
Listing Agency:
Legacy Realty & Associates, LLC
Listed By:
Tara Herron
(314) 608-2342
Source:
Exprealty
Added: Sep 16
Changed: Sep 19
Last Checked: Sep 26 at 7:39AM
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 Legacy Realty & Associates, LLC
Investment Insights
Based on property information with market context.
Located at 5880 Kennerly Ave in Saint Louis, MO, this 2,112-square-foot brick duplex contains two separate residential units. Each unit provides 2 bedrooms, 1 full bathroom, and an additional bonus room that can serve as storage or a small home office. Both units are all-electric, with refreshed interior finishes throughout.
The property underwent substantial updates, including replacement of all major systems in 2025 and installation of a new roof. Its two-unit configuration supports separate household living within one building, with the updated interiors providing a practical foundation for occupancy or rental use.
The property underwent substantial updates, including replacement of all major systems in 2025 and installation of a new roof. Its two-unit configuration supports separate household living within one building, with the updated interiors providing a practical foundation for occupancy or rental use.
Key Highlights
- 2,112‑square‑foot brick duplex
- Two separate all‑electric residential units
- Each unit includes 2 bedrooms and 1 full bathroom
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
$19,654
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
8.36%
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%
$393,080
$393.1K
Cap Rate 7%
$280,771
$280.8K
Cap Rate 9%
$218,378
$218.4K
Market Conditions
NOI Build-Up for 2,112 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
$38.0K $18.00/SF
− Vacancy
−$2.3K −$1.08/SF
EGI
$35.7K $16.92/SF
− OpEx
−$16.1K −$7.61/SF
NOI
$19.7K $9.31/SF
Area
St. Louis County, MO
Vacancy
6.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
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%
$393,080
Cap Rate 7%
$280,771
Cap Rate 9%
$218,378
Alternative Uses
Best Use
Multifamily LT 5
$322.6K
$282.3K – $376.4K
NOI $22,585 @ 7.0% cap · market cap 9.61%
Second Best
Apartment 5plus
$280.8K
$245.7K – $327.6K
NOI $19,654 @ 7.0% cap · market cap 8.36%
Theoretical Best
Office A
$453.3K
$396.6K – $528.8K
NOI $31,729 @ 7.0% cap · market cap 13.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
489
Businesses Nearby
Explore this area
Business Placement
Demographics for 63113, MO
10,882
Population
7,400
Households
1.5
Avg Household Size
41
Median Age
17%
College-Educated
84%
High-School Grad
2.6 sq mi
ZIP Area
4,185
Density / Sq Mi
$38,647
Median Household Income
$29,648
Median Earnings
$914
Median Rent
$75,600
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 all-electric units offer flexible living arrangements with bonus rooms for storage or home-office use.
Where is this duplex located?
The property is located at A-5880 Kennerly Ave Saint Louis, MO.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: 2,112‑square‑foot brick duplex; Two separate all‑electric residential units; Each unit includes 2 bedrooms and 1 full bathroom
