1215 Clara Ave · St. Louis, MO 63112

$160,000

4 bd · 2.0 ba · 2,886 sqft · MultiFamily public records · 84 Days on market

Built 1915 4,761 sqft lot $55/sqft · 166% 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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Rent growth +3.1/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.2/10.0
• Appreciation +0.0/10.0

Multi-family units

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

Listing remarks MLS

A MUST SEE!! Duplex with major updates already completed, including updated ductwork and a new furnace & AC throughout the building. No A/C for the 2nd unit. This can be installed at closing, upon acceptance of the offer. Each unit has very large rooms, 2 bedrooms in 1st unit. Some minor cosmetic and repair work remains for the new buyer to complete. Roof repaired in 2025. Still needs gutters & downspouts. One unit is ready for owner-occupancy, and the other unit could provide immediate rental income. Each unit contains a living room, dining room, and large eat-in kitchen, crown molding, hardwood floors, and high ceilings. Upstairs, you'll find 3 additional bedrooms and a full bath. The radiators you see in the pictures are NOT connected; they just need to be removed. Whether you’re looking to live in one unit while renting the other or add a strong property to your investment portfolio, this building offers excellent potential and value. Great opportunity for a Section 8 tenant on a quiet street!

Key facts

• 4,761 sq ft lot
• Built 1915
• Listed 83 days

What this means for you Summary

Snapshot

• This is a 2 × 2-bed/1.0-bath units multifamily listed at $160k.

Deal economics

• At list price, monthly cash flow is $1k ($17k/yr) — positive. Per door: $711/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $160k).
• Recommended offer: $150k (6.0% below list) — sets the bar for market timing.
• Cap rate 17.0% 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: Rents rising (+2.4%/yr); 118 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 43% of comp listings sitting > 30 days — soft ceiling on asking rent; 294 units permitted in St. Louis city in 2024 (227 in 5+ unit buildings).
• At $3,007/mo this rent would consume 79% of the median local household income ($46k/yr) (locally 1457% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k 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 (-3.0% appreciation + 2.4% rent growth), your $45k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 84 days — a 6% lower offer ($150k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $24k; list at $160k implies a 581% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1915 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $150,400 (6.0% below list)

Questions for the listing agent

1. It's been on market 84 days. Have you received any prior offers? Is the seller open to a 6% 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 1915 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. 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.
8. 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.
9. 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: 1.88% ✓
• Cap rate: 16.96%
• Cash-on-cash: 38.08%
• DSCR: 2.69
• GRM: 4.4

CMA / ARV

• ARV (median comp): $60,053
• List price: $160,000
• Delta: 166.43%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
5866 Etzel Ave	0.38mi	5/2.0 (+1)	2,806 (-3%)	13mo	$174,900	$62	62
6010 Bartmer Ave	0.63mi	5/2.0 (+1)	2,784 (-4%)	2mo	$85,000	$31	58

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 2.39% rent growth · sell at horizon

5-year hold

• IRR: 33.5%
• Equity multiple: 2.40×
• Total profit: $62,745
• Equity at exit: $23,857

10-year hold

• IRR: 40.1%
• Equity multiple: 4.65×
• Total profit: $163,609
• Equity at exit: $13,834

Cash invested: $44,800 (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 63112

• Rents YoY: 2.4%
• Active inventory: 118
• Price-to-rent: 8.9×

Monthly cashflow live

• Estimated rent: $3,007 high
• Mortgage (P&I): −$839
• Tax from tax record: −$48 /mo · $576/yr
• Insurance: −$67
• HOA: −$0
• Vacancy / Maint / Mgmt: −$631
• Net cashflow: $1,422

Break-even live

Break-even rent $1,207

Max offer price $160,000

Occupancy floor 48%

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

Units	Beds	Baths	Est. rent
▸ 2× units	2	1	$3,006
Total (2 units)			$3,007

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: $40,000
• Closing costs: $4,800
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
14 Parkland Pl Unit 1 St. Louis, MO	5.0	3.0	2830	$2,700	$0.95	23d	1	0.41mi
14 Parkland Pl Saint Louis, MO	5.0	3.0	2830	$2,500	$0.88	23d	1	0.41mi
14 Parkland Pl Unit NA St. Louis, MO	5.0	3.0	2830	$2,700	$0.95	43d	1	0.41mi
14 Parkland Pl Saint Louis, MO	5.0	3.0	2830	$2,500	$0.88	7d	1	0.41mi
5345 Wells Ave Saint Louis, MO	3.0	1.0	2254	$1,295	$0.57	43d	1	0.60mi
275 Union Blvd St. Louis, MO	3.0	1.0–3.0	1317	$4,686	$3.56	2d	58	1.21mi
5223 Ashland Ave Unit 2 St. Louis, MO	3.0	1.0	2200	$1,450	$0.66	43d	1	1.49mi

Listing history 18 events

1. 2026-06-18
   days on market $160,000 Active 84 DOM
2. 2026-06-17
   days on market $160,000 Active 83 DOM
3. 2026-06-16
   days on market $160,000 Active 82 DOM
4. 2026-06-15
   days on market $160,000 Active 81 DOM
5. 2026-06-13
   days on market $160,000 Active 79 DOM
6. 2026-06-09
   pricedays on market $160,000 Active 75 DOM
7. 2026-06-08
   days on market $168,400 Active 74 DOM
8. 2026-06-08
   days on market $168,400 Active 73 DOM
9. 2026-06-05
   days on market $168,400 Active 70 DOM
10. 2026-06-03
    days on market $168,400 Active 69 DOM
11. 2026-06-02
    days on market $168,400 Active 68 DOM
12. 2026-06-01
    days on market $168,400 Active 67 DOM
13. 2026-05-31
    days on market $168,400 Active 66 DOM
14. 2026-04-21
    price $168,400 1034-char remark

    Show marketing remark (1034 chars)

    A MUST SEE!! Duplex with major updates already completed, including updated ductwork and a new furnace & AC throughout the building. No A/C for the 2nd unit. This can be installed at closing, upon acceptance of the offer. Each unit has very large rooms, 2 bedrooms in 1st unit. Some minor cosmetic and repair work remains for the new buyer to complete. Roof repaired in 2025. Still needs gutters & downspouts. One unit is ready for owner-occupancy, and the other unit could provide immediate rental income. Each unit contains a living room, dining room, and large eat-in kitchen, crown molding, hardwood floors, and high ceilings. Upstairs, you'll find 3 additional bedrooms and a full bath. The radiators you see in the pictures are NOT connected; they just need to be removed. Whether you’re looking to live in one unit while renting the other or add a strong property to your investment portfolio, this building offers excellent potential and value. Great opportunity for a Section 8 tenant on a quiet street!

15. 2026-03-27
    listed $176,800 Active 1034-char remark

    Show marketing remark (1034 chars)

    A MUST SEE!! Duplex with major updates already completed, including updated ductwork and a new furnace & AC throughout the building. No A/C for the 2nd unit. This can be installed at closing, upon acceptance of the offer. Each unit has very large rooms, 2 bedrooms in 1st unit. Some minor cosmetic and repair work remains for the new buyer to complete. Roof repaired in 2025. Still needs gutters & downspouts. One unit is ready for owner-occupancy, and the other unit could provide immediate rental income. Each unit contains a living room, dining room, and large eat-in kitchen, crown molding, hardwood floors, and high ceilings. Upstairs, you'll find 3 additional bedrooms and a full bath. The radiators you see in the pictures are NOT connected; they just need to be removed. Whether you’re looking to live in one unit while renting the other or add a strong property to your investment portfolio, this building offers excellent potential and value. Great opportunity for a Section 8 tenant on a quiet street!

16. 2026-03-26
    historical $176,800 1034-char remark

    Show marketing remark (1034 chars)

    A MUST SEE!! Duplex with major updates already completed, including updated ductwork and a new furnace & AC throughout the building. No A/C for the 2nd unit. This can be installed at closing, upon acceptance of the offer. Each unit has very large rooms, 2 bedrooms in 1st unit. Some minor cosmetic and repair work remains for the new buyer to complete. Roof repaired in 2025. Still needs gutters & downspouts. One unit is ready for owner-occupancy, and the other unit could provide immediate rental income. Each unit contains a living room, dining room, and large eat-in kitchen, crown molding, hardwood floors, and high ceilings. Upstairs, you'll find 3 additional bedrooms and a full bath. The radiators you see in the pictures are NOT connected; they just need to be removed. Whether you’re looking to live in one unit while renting the other or add a strong property to your investment portfolio, this building offers excellent potential and value. Great opportunity for a Section 8 tenant on a quiet street!

17. 2024-08-01
    soldstatus $23,500
18. 2024-08-01
    soldstatus $69,000

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

Tax reassessment forecast MO · Resets to sale price

• Current annual tax: $576 · $48/mo
• Projected year-2 tax: $1,552 · $129/mo
• Expected delta: +$976/yr (+$81/mo · 169.3%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

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 ≥107°F today · 21 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 4 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $36,084
• − Mortgage interest: −$8,962
• − Property taxes: −$576
• − Insurance: −$800
• − Repairs & maintenance: −$2,887
• − Management: −$2,887
• − Depreciation: −$4,655
• Taxable income: $15,317
• Est. tax owed @ 24.0%: −$3,676
• After-tax cash flow: $13,385/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
• County: Saint Louis City · 254,015 people
• City population: 283,259
• Metro: St. Louis, MO-IL
• Population (ZIP): 17,985
• Household income: $45,542
• Rent vs Own: 64.1% rent · 35.9% own
• Severe rent burden: 1457.0

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: Majority Black (63%)
• Race & ethnicity: Black 63% White 24% Asian 6% Two or more races 5% Hispanic / Latino 4%
• Common ancestry: Lithuanian 1% Scotch-Irish 1% Romanian 1%
• Foreign-born: 9% · China, South Korea, Canada
• Languages at home: 88% English-only · Spanish 3% Chinese 2% Korean 2%

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: ▼ -158.94%
• Current HPI: 115.1863
• Rent YoY: ▲ 2.39%
• Metro: St. Louis, MO-IL
• 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

+616.6% since first listed

5 events — show timeline

• 2026-04-21 Price Changed $168,400 MARIS as Distributed by MLS Grid
• 2026-03-27 Listed $176,800 MARIS as Distributed by MLS Grid
• 2026-03-26 Coming Soon $176,800 MARIS as Distributed by MLS Grid
• 2024-08-01 Sold (Public Records) $69,000 Public Records
• 2024-08-01 Sold (Public Records) $23,500 Public Records

Property tax history

+2.0%/yr

Latest (2024): $576 · +4.9% YoY. Source: county tax records.