1468 E Warne Ave · St. Louis, MO 63107

$150,000

8 bd · 2.0 ba · 980 sqft · MultiFamily public records · 54 Days on market

Built 1905 3,249 sqft lot $153/sqft · 137% above area

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Why this score? — see what drove the B- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• DSCR +10.0/10.0
• 1% rule +8.9/10.0
• ARV discount +7.5/15.0
• Appreciation +4.1/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.2/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 2 units. confirmed

Listing remarks MLS

Stunning turnkey duplex in a prime St. Louis City location offering a high-performing, income-producing opportunity for investors seeking strong cash flow and long-term appreciation. This fully renovated multi-family property features two spacious units, each with 3 bedrooms and 1 full bathroom. An ideal layout for maximizing rental income, attracting long-term tenants, or short-term rental (Airbnb/STR) potential. Perfect for house hacking, buy-and-hold investors, or those building a rental portfolio. Both units have been extensively updated with modern, durable finishes designed for low maintenance and tenant appeal, including fully renovated bathrooms, new flooring, fresh paint, and elegant porcelain tile in the kitchens, bathrooms, and laundry areas. Each unit offers a fully equipped kitchen with essential appliances and in-unit laundry, increasing rental value and tenant retention. Major capital improvements have already been completed, including brand new HVAC systems for both units, along with updated plumbing and electrical significantly reducing future maintenance costs and improving overall ROI. The exterior features a new deck and a large private parking lot with space for up to 6 vehicles, a rare and valuable amenity for tenants. Located on a quiet street just minutes from Downtown St. Louis with easy access to major highways, shopping, dining, and major employment centers, this property is well-positioned for consistent occupancy and strong rental demand. Furnishings and appliances can be included, making this a true turnkey investment ideal for immediate leasing, short-term rental setup, or a seamless addition to any investor’s portfolio.

Key facts

• Turnkey duplex
• In unit laundry
• Spacious units

Tags

• TURNKEY DUPLEX
• INCOME PRODUCING OPPORTUNITY
• SPACIOUS UNITS
• FULLY EQUIPPED KITCHEN
• IN UNIT LAUNDRY
• MAJOR CAPITAL IMPROVEMENTS

What this means for you Summary

Snapshot

• This is a 2 × 3-bed/1-bath units multifamily listed at $150k.

Deal economics

• At list price, monthly cash flow is $606 ($7k/yr) — positive. Per door: $303/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Recommended offer: $146k (3.0% below list) — sets the bar for market timing.
• Cap rate 11.1% vs local median 5.0% in St. Louis — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads: area grade B — affects rentability + tenant quality, not the cash-flow math above.
• St. Louis City (urban): math 10% / reading 18% proficiency, ranked #312 of 324 in MO (top 96%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 80% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 58 active listings in the ZIP; 294 units permitted in St. Louis city in 2024 (227 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-1.8%/yr); year-one equity from $1k of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• St. Louis County population projected to shrink 6% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-1.8% appreciation + 3.0% rent growth), your $42k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 54 days — a 3% lower offer ($146k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $15k (9%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $19k; list at $150k implies a 689% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1905 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $145,500 (3.0% below list)

Questions for the listing agent

1. It's been on market 54 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
4. Built in 1905 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
7. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
8. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.39% ✓
• Cap rate: 11.14%
• Cash-on-cash: 17.31%
• DSCR: 1.77
• GRM: 6.0

CMA / ARV

• ARV (median comp): $63,322
• List price: $150,000
• Delta: 136.88%
• Verdict: OVERPRICED
• Comps: 2 within 1.0 mi

Projected returns pro-forma

-1.75% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 12.3%
• Equity multiple: 1.53×
• Total profit: $22,301
• Equity at exit: $30,869

10-year hold

• IRR: 19.4%
• Equity multiple: 2.82×
• Total profit: $76,450
• Equity at exit: $28,055

Cash invested: $42,000 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 81 Strongly Landlord-Friendly
• State Missouri: 81 Strongly Landlord-Friendly · R+10
• County: — inherits STATE
• City: — inherits STATE

Generally landlord-friendly; St Louis has some habitability requirements.

Methodology + full state rankings →

ZIP-level market 63107

• Home prices YoY: -1.9%
• Active inventory: 58
• Price-to-rent: 12.0×

Monthly cashflow live

• Estimated rent: $2,079 medium
• Mortgage (P&I): −$787
• Tax est. 1.5%: −$188 /mo · $2,250/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$437
• Net cashflow: $606

Break-even live

Break-even rent $1,312

Max offer price $150,000

Occupancy floor 66%

2-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 2× units	3	1	$2,080
Total (2 units)			$2,079

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $37,500
• Closing costs: $4,500
• Reserves months: —
• Total cash needed: —

Listing history 18 events

1. 2026-06-18
   days on market $150,000 Active 54 DOM
2. 2026-06-17
   days on market $150,000 Active 53 DOM
3. 2026-06-16
   days on market $150,000 Active 52 DOM
4. 2026-06-15
   days on market $150,000 Active 51 DOM
5. 2026-06-13
   days on market $150,000 Active 49 DOM
6. 2026-06-09
   days on market $150,000 Active 45 DOM
7. 2026-06-08
   days on market $150,000 Active 44 DOM
8. 2026-06-07
   days on market $150,000 Active 43 DOM
9. 2026-06-05
   days on market $150,000 Active 40 DOM
10. 2026-06-03
    days on market $150,000 Active 39 DOM
11. 2026-06-02
    days on market $150,000 Active 38 DOM
12. 2026-06-01
    days on market $150,000 Active 37 DOM
13. 2026-05-31
    days on market $150,000 Active 36 DOM
14. 2026-05-08
    price $155,000 1687-char remark

    Show marketing remark (1687 chars)

    Stunning turnkey duplex in a prime St. Louis City location offering a high-performing, income-producing opportunity for investors seeking strong cash flow and long-term appreciation. This fully renovated multi-family property features two spacious units, each with 3 bedrooms and 1 full bathroom. An ideal layout for maximizing rental income, attracting long-term tenants, or short-term rental (Airbnb/STR) potential. Perfect for house hacking, buy-and-hold investors, or those building a rental portfolio. Both units have been extensively updated with modern, durable finishes designed for low maintenance and tenant appeal, including fully renovated bathrooms, new flooring, fresh paint, and elegant porcelain tile in the kitchens, bathrooms, and laundry areas. Each unit offers a fully equipped kitchen with essential appliances and in-unit laundry, increasing rental value and tenant retention. Major capital improvements have already been completed, including brand new HVAC systems for both units, along with updated plumbing and electrical significantly reducing future maintenance costs and improving overall ROI. The exterior features a new deck and a large private parking lot with space for up to 6 vehicles, a rare and valuable amenity for tenants. Located on a quiet street just minutes from Downtown St. Louis with easy access to major highways, shopping, dining, and major employment centers, this property is well-positioned for consistent occupancy and strong rental demand. Furnishings and appliances can be included, making this a true turnkey investment ideal for immediate leasing, short-term rental setup, or a seamless addition to any investor’s portfolio.

15. 2026-05-04
    status Active 1687-char remark

    Show marketing remark (1687 chars)

    Stunning turnkey duplex in a prime St. Louis City location offering a high-performing, income-producing opportunity for investors seeking strong cash flow and long-term appreciation. This fully renovated multi-family property features two spacious units, each with 3 bedrooms and 1 full bathroom. An ideal layout for maximizing rental income, attracting long-term tenants, or short-term rental (Airbnb/STR) potential. Perfect for house hacking, buy-and-hold investors, or those building a rental portfolio. Both units have been extensively updated with modern, durable finishes designed for low maintenance and tenant appeal, including fully renovated bathrooms, new flooring, fresh paint, and elegant porcelain tile in the kitchens, bathrooms, and laundry areas. Each unit offers a fully equipped kitchen with essential appliances and in-unit laundry, increasing rental value and tenant retention. Major capital improvements have already been completed, including brand new HVAC systems for both units, along with updated plumbing and electrical significantly reducing future maintenance costs and improving overall ROI. The exterior features a new deck and a large private parking lot with space for up to 6 vehicles, a rare and valuable amenity for tenants. Located on a quiet street just minutes from Downtown St. Louis with easy access to major highways, shopping, dining, and major employment centers, this property is well-positioned for consistent occupancy and strong rental demand. Furnishings and appliances can be included, making this a true turnkey investment ideal for immediate leasing, short-term rental setup, or a seamless addition to any investor’s portfolio.

16. 2026-04-02
    status Pending 1687-char remark

    Show marketing remark (1687 chars)

    Stunning turnkey duplex in a prime St. Louis City location offering a high-performing, income-producing opportunity for investors seeking strong cash flow and long-term appreciation. This fully renovated multi-family property features two spacious units, each with 3 bedrooms and 1 full bathroom. An ideal layout for maximizing rental income, attracting long-term tenants, or short-term rental (Airbnb/STR) potential. Perfect for house hacking, buy-and-hold investors, or those building a rental portfolio. Both units have been extensively updated with modern, durable finishes designed for low maintenance and tenant appeal, including fully renovated bathrooms, new flooring, fresh paint, and elegant porcelain tile in the kitchens, bathrooms, and laundry areas. Each unit offers a fully equipped kitchen with essential appliances and in-unit laundry, increasing rental value and tenant retention. Major capital improvements have already been completed, including brand new HVAC systems for both units, along with updated plumbing and electrical significantly reducing future maintenance costs and improving overall ROI. The exterior features a new deck and a large private parking lot with space for up to 6 vehicles, a rare and valuable amenity for tenants. Located on a quiet street just minutes from Downtown St. Louis with easy access to major highways, shopping, dining, and major employment centers, this property is well-positioned for consistent occupancy and strong rental demand. Furnishings and appliances can be included, making this a true turnkey investment ideal for immediate leasing, short-term rental setup, or a seamless addition to any investor’s portfolio.

17. 2026-03-23
    listed $165,000 Active 1687-char remark

    Show marketing remark (1687 chars)

    Stunning turnkey duplex in a prime St. Louis City location offering a high-performing, income-producing opportunity for investors seeking strong cash flow and long-term appreciation. This fully renovated multi-family property features two spacious units, each with 3 bedrooms and 1 full bathroom. An ideal layout for maximizing rental income, attracting long-term tenants, or short-term rental (Airbnb/STR) potential. Perfect for house hacking, buy-and-hold investors, or those building a rental portfolio. Both units have been extensively updated with modern, durable finishes designed for low maintenance and tenant appeal, including fully renovated bathrooms, new flooring, fresh paint, and elegant porcelain tile in the kitchens, bathrooms, and laundry areas. Each unit offers a fully equipped kitchen with essential appliances and in-unit laundry, increasing rental value and tenant retention. Major capital improvements have already been completed, including brand new HVAC systems for both units, along with updated plumbing and electrical significantly reducing future maintenance costs and improving overall ROI. The exterior features a new deck and a large private parking lot with space for up to 6 vehicles, a rare and valuable amenity for tenants. Located on a quiet street just minutes from Downtown St. Louis with easy access to major highways, shopping, dining, and major employment centers, this property is well-positioned for consistent occupancy and strong rental demand. Furnishings and appliances can be included, making this a true turnkey investment ideal for immediate leasing, short-term rental setup, or a seamless addition to any investor’s portfolio.

18. 2025-03-04
    soldstatus $19,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 5/10 Major 7 d/yr ≥108°F today · 20 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 5 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $24,948
• − Mortgage interest: −$8,402
• − Property taxes: −$2,250
• − Insurance: −$750
• − Repairs & maintenance: −$1,996
• − Management: −$1,996
• − Depreciation: −$4,364
• Taxable income: $5,190
• Est. tax owed @ 24.0%: −$1,246
• After-tax cash flow: $6,024/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: St. Louis City
• NCES district ID: 2929280
• Math proficiency: 10% ▼ -6.00%
• Reading proficiency: 18% ▼ -3.00%
• Median HH income: $35,685
• Composite: 11.54/100
• National rank: #9699
• State rank: #312 of 324 in MO

Livability — St. Louis

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• Census place: St. Louis, MO
• City population: 283,259
• Population (ZIP): 9,082

Population outlook (St. Louis County) Hauer SSP2

• Today (2025): 315,737 people
• By 2030: 313,865 · -0.6%
• By 2040: 305,439 · -3.3%
• By 2050: 296,529 · -6.1%
• By 2075: 271,028 · -14.2%
• By 2100: 255,359 · -19.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Black (89%)
• Race & ethnicity: Black 89% White 8% Hispanic / Latino 2% Two or more races 2%
• Common ancestry: Lithuanian 1%
• Foreign-born: 1% · Canada
• Languages at home: 98% English-only · Spanish 1%

Political lean MEDSL · St. Louis

• 2024 margin: Solid D (+64.7) · D 81.4% · R 16.7% · Other 2.0%
• 2008→2024 swing: -3.5pp toward R · 2008: 68.2pp · 2024: 64.7pp
• All cycles: 2024: D+64.7 2020: D+66.2 2016: D+63.7 2012: D+66.6 2008: D+68.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -1.75%
• Current HPI: 92.7423
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 1.84%
• F500 in state: 20

Industry mix (Fortune 500 HQ in MO)

Industry	F500 HQs	Revenue
▸Healthcare	1	$163B
▸Insurance	1	$21B
▸Industrial Technology	1	$17B
▸Retail	1	$16B
▸Industrial Distribution	1	$10B
▸Utilities	1	$9B

Price history

+715.8% since first listed

5 events — show timeline

• 2026-05-08 Price Changed $155,000 MARIS as Distributed by MLS Grid
• 2026-05-04 Relisted — MARIS as Distributed by MLS Grid
• 2026-04-02 Pending — MARIS as Distributed by MLS Grid
• 2026-03-23 Listed $165,000 MARIS as Distributed by MLS Grid
• 2025-03-04 Sold (Public Records) $19,000 Public Records

Property tax history

+1.2%/yr

Latest (2024): $141 · +4.1% YoY. Source: county tax records.