6914 Waldemar Ave · St. Louis, MO 63139

$300,000

2 bd · 2.0 ba · 1,650 sqft · MultiFamily public records · 2 Days on market

Built 1907 4,395 sqft lot Est $300k · at est.

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Why this score? — see what drove the D 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 +16.0/30.0
• ARV discount +7.5/15.0
• DSCR +5.0/10.0
• Rent growth +3.8/5.0
• 1% rule +3.4/10.0
• 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: 1 unit. estimate disagrees with records

Listing remarks MLS

So many options, add to your portfolio, live in one of the units lease the other an start a portfolio, Airbnb, or if multigenerational property is a need! This brick 2 family is your opportunity. Both units are freshly painted, beautiful Pine wood flooring, millwork, large bedrooms & living rooms (NOT shot gun style). Updated baths. Main level Kitchen has oak cabinets, lots of counter space & all appliances, deck leading to patio. Second level Bedroom has huge 12X6.8 closet, Kitchen has maple cabinets, lots of counter space, all appliances, deck leading to patio. HVACs 2024, 100 amp electric panels 2007, Water heaters 2019, & updated plumbing. Delightful yard to enjoy, newer fencing, & parking pad for 2. Blocks to downtown Maplewood, dog town, and Forest Park amenities. Great location with easy access to Hwy 40. Enjoy the Hibernian St. Pats day festivities every March 17th! Please note pocket door upper unit is non functioning.These are 1 bedroom units.

Key facts

• Updated baths
• Oak cabinets
• Pine wood flooring

Tags

• BRICK 2 FAMILY
• PINE WOOD FLOORING
• UPDATED BATHS
• OAK CABINETS
• LOTS OF COUNTER SPACE
• DECK LEADING TO PATIO

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath multifamily listed at $300k.

Deal economics

• At list price, monthly cash flow is $150 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $251k (16.3% below list).
• Recommended offer: $251k (16.3% below list) — sets the bar for 1% rule.
• Cap rate 6.9% 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 D — 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.
• Zoned schools: Adams Elem. (math 2% / reading 8%, grade F, #1,072 of 1,115 statewide, top 98%, 174 students, 98% FRL); Roosevelt High (math 2% / reading 8%, grade F, #517 of 521 statewide, top 100%, 460 students, 99% FRL) — zoned schools average 99% FRL vs 80% district-wide (18 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising fast (+5.4%/yr); 137 active listings in the ZIP; 32 comparable units currently listed for rent nearby; rentals at typical pace (median 20d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 294 units permitted in St. Louis city in 2024 (227 in 5+ unit buildings).
• This rent runs 40% of the median local income ($76k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $9k 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.

Negotiation context

• Only 2 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $159k; list at $300k implies a 89% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1907 — 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 $251,100 (16.3% below list)

Questions for the listing agent

1. Built in 1907 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
4. 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.
5. 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.
6. 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: 0.84% ✗
• Cap rate: 6.89%
• Cash-on-cash: 2.14%
• DSCR: 1.10
• GRM: 10.0

CMA / ARV

• ARV (on-the-fly): $300,300
• Comps found: 2

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
6914 Waldemar Ave	0.00mi	3/3.0 (+1)	1,650 (0%)	1mo	$300,000	$182	90
7117 Rabenberg Pl	0.55mi	2/2.0	1,848 (+12%)	13mo	$199,000	$108	43

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 · 5.39% rent growth · sell at horizon

5-year hold

• IRR: -10.6%
• Equity multiple: 0.61×
• Total profit: $-33,011
• Equity at exit: $44,731

10-year hold

• IRR: 1.5%
• Equity multiple: 1.12×
• Total profit: $9,723
• Equity at exit: $25,939

Cash invested: $84,000 (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 63139

• Rents YoY: 5.4%
• Active inventory: 137
• Price-to-rent: 19.9×

Monthly cashflow live

• Estimated rent: $2,511 high
• Mortgage (P&I): −$1,573
• Tax from tax record: −$136 /mo · $1,630/yr
• Insurance: −$125
• HOA: −$0
• Vacancy / Maint / Mgmt: −$527
• Net cashflow: $150

Break-even live

Break-even rent $2,322

Max offer price $300,000

Occupancy floor 89%

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

Units	Beds	Baths	Est. rent
▸ 2× units	2	1	$2,512
Total (2 units)			$2,511

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: $75,000
• Closing costs: $9,000
• Reserves months: —
• Total cash needed: —

Rent comps 32 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1617 Forest Ave Saint Louis, MO	3.0	2.5	1822	$1,195	$0.66	2d	1	0.30mi
7208 Zephyr Pl Apt 1E Maplewood, MO	2.0	1.0	1100	$1,199	$1.09	43d	1	0.44mi
7103 Horner Ave Unit 7 Richmond Heights, MO	3.0	2.5	1816	$2,995	$1.65	1d	1	0.49mi
7230 W Park Ave Unit 1fl Richmond Heights, MO	2.0	1.0	1350	$1,650	$1.22	43d	1	0.73mi
7135 Canterbury Ave Saint Louis, MO	1.0–2.0	1.0–1.5	1016	$2,155	$2.12	19d	4	0.74mi
2311 S Big Bend Blvd Saint Louis, MO	2.0	1.5	1298	$1,599	$1.23	43d	1	0.81mi
7349 Myrtle Ave Apt 1W Maplewood, MO	2.0	1.0	1220	$1,895	$1.55	4d	1	0.82mi
7380 Marietta Ave Maplewood, MO	3.0	2.0	1800	$1,900	$1.06	3d	1	0.84mi
1034 Blendon Pl Saint Louis, MO	2.0	1.0	1300	$1,995	$1.53	1d	1	0.90mi
7403 Commonwealth Ave Saint Louis, MO	3.0	2.0	1444	$2,500	$1.73	1d	1	0.90mi
6114 Columbia Ave Saint Louis, MO	3.0	1.0	1600	$1,850	$1.16	23d	1	0.96mi
6414 Wise Ave Unit 401 St. Louis, MO	3.0	2.0	1850	$2,500	$1.35	43d	1	0.98mi
6044 Southwest Ave Saint Louis, MO	2.0	1.0	1175	$1,495	$1.27	10d	1	1.03mi
6228 Arsenal St Unit 1F St. Louis, MO	2.0	1.0	1050	$1,250	$1.19	43d	1	1.05mi
6238 Southwood Ave Unit 3S St. Louis, MO	2.0	2.0	1100	$1,595	$1.45	43d	1	1.19mi
6044 Arsenal St Unit 1E St. Louis, MO	1.0	1.0	1050	$1,150	$1.10	43d	1	1.21mi
6044 Arsenal St Apt 2E St. Louis, MO	1.0	1.0	1050	$1,150	$1.10	23d	1	1.21mi
6314 S Rosebury Ave Clayton, MO	2.0	2.0	1395	$2,500	$1.79	3d	1	1.25mi
6318 S Rosebury Ave Clayton, MO	3.0	2.0	1712	$2,600	$1.52	14d	1	1.25mi
6323 S Rosebury Ave Unit 2E Clayton, MO	2.0	2.0	1100	$1,995	$1.81	17d	1	1.28mi
1146 Moorlands Dr Richmond Heights, MO	2.0	1.0	1075	$1,500	$1.40	43d	1	1.30mi
2732 59th St Saint Louis, MO	3.0	2.5	2060	$3,999	$1.94	20d	1	1.30mi
3246 S Big Bend Blvd Saint Louis, MO	2.0	1.0	1132	$1,700	$1.50	43d	1	1.31mi
665 S Skinker Blvd Saint Louis, MO	3.0	1.0–2.0	1080	$2,495	$2.31	1d	43	1.31mi
665 S Skinker Blvd Saint Louis, MO	3.0	1.0–2.0	1080	$2,808	$2.60	16d	40	1.31mi
2734 59th St Saint Louis, MO	3.0	2.5	2060	$3,999	$1.94	20d	1	1.31mi
6328 Northwood Ave Unit 2nd floor Clayton, MO	3.0	1.0	1700	$2,950	$1.74	23d	1	1.35mi
2744 Dalton Ave St. Louis, MO	2.0	1.0	1340	$1,350	$1.01	17d	1	1.37mi
3132 Park Hampton Ct Saint Louis, MO	3.0	2.5	1106	$2,100	$1.90	43d	1	1.43mi
5700 Highlands Plaza Dr Saint Louis, MO	3.0	1.0–2.0	1029	$3,247	$3.15	1d	24	1.46mi
6042 Hancock Ave Saint Louis, MO	3.0	1.0	1400	$3,500	$2.50	23d	1	1.48mi
31 Sunnen Dr Maplewood, MO	1.0–2.0	1.0–2.0	956	$2,428	$2.54	1d	17	1.50mi

Listing history 13 events

1. 2026-05-21
   soldstatus Closed 987-char remark

   Show marketing remark (987 chars)

   So many options, add to your portfolio, live in one of the units lease the other an start a portfolio, Airbnb, or if multigenerational property is a need! This brick 2 family is your opportunity. Both units are freshly painted, beautiful Pine wood flooring, millwork, large bedrooms & living rooms (NOT shot gun style). Updated baths. Main level Kitchen has oak cabinets, lots of counter space & all appliances, deck leading to patio. Second level Bedroom has huge 12X6.8 closet, Kitchen has maple cabinets, lots of counter space, all appliances, deck leading to patio. HVACs 2024, 100 amp electric panels 2007, Water heaters 2019, & updated plumbing. Delightful yard to enjoy, newer fencing, & parking pad for 2. Blocks to downtown Maplewood, dog town, and Forest Park amenities. Great location with easy access to Hwy 40. Enjoy the Hibernian St. Pats day festivities every March 17th! Please note pocket door upper unit is non functioning.These are 1 bedroom units.

2. 2026-04-22
   status Pending

   Show marketing remark (987 chars)

   So many options, add to your portfolio, live in one of the units lease the other an start a portfolio, Airbnb, or if multigenerational property is a need! This brick 2 family is your opportunity. Both units are freshly painted, beautiful Pine wood flooring, millwork, large bedrooms & living rooms (NOT shot gun style). Updated baths. Main level Kitchen has oak cabinets, lots of counter space & all appliances, deck leading to patio. Second level Bedroom has huge 12X6.8 closet, Kitchen has maple cabinets, lots of counter space, all appliances, deck leading to patio. HVACs 2024, 100 amp electric panels 2007, Water heaters 2019, & updated plumbing. Delightful yard to enjoy, newer fencing, & parking pad for 2. Blocks to downtown Maplewood, dog town, and Forest Park amenities. Great location with easy access to Hwy 40. Enjoy the Hibernian St. Pats day festivities every March 17th! Please note pocket door upper unit is non functioning.These are 1 bedroom units.

3. 2026-04-22
   status Pending 987-char remark

   Show marketing remark (987 chars)

   So many options, add to your portfolio, live in one of the units lease the other an start a portfolio, Airbnb, or if multigenerational property is a need! This brick 2 family is your opportunity. Both units are freshly painted, beautiful Pine wood flooring, millwork, large bedrooms & living rooms (NOT shot gun style). Updated baths. Main level Kitchen has oak cabinets, lots of counter space & all appliances, deck leading to patio. Second level Bedroom has huge 12X6.8 closet, Kitchen has maple cabinets, lots of counter space, all appliances, deck leading to patio. HVACs 2024, 100 amp electric panels 2007, Water heaters 2019, & updated plumbing. Delightful yard to enjoy, newer fencing, & parking pad for 2. Blocks to downtown Maplewood, dog town, and Forest Park amenities. Great location with easy access to Hwy 40. Enjoy the Hibernian St. Pats day festivities every March 17th! Please note pocket door upper unit is non functioning.These are 1 bedroom units.

4. 2026-04-20
   listed $300,000 Active
5. 2026-03-30
   listed $300,000 Active 987-char remark

   Show marketing remark (987 chars)

   So many options, add to your portfolio, live in one of the units lease the other an start a portfolio, Airbnb, or if multigenerational property is a need! This brick 2 family is your opportunity. Both units are freshly painted, beautiful Pine wood flooring, millwork, large bedrooms & living rooms (NOT shot gun style). Updated baths. Main level Kitchen has oak cabinets, lots of counter space & all appliances, deck leading to patio. Second level Bedroom has huge 12X6.8 closet, Kitchen has maple cabinets, lots of counter space, all appliances, deck leading to patio. HVACs 2024, 100 amp electric panels 2007, Water heaters 2019, & updated plumbing. Delightful yard to enjoy, newer fencing, & parking pad for 2. Blocks to downtown Maplewood, dog town, and Forest Park amenities. Great location with easy access to Hwy 40. Enjoy the Hibernian St. Pats day festivities every March 17th! Please note pocket door upper unit is non functioning.These are 1 bedroom units.

6. 2026-03-11
   price $300,000 987-char remark

   Show marketing remark (987 chars)

   So many options, add to your portfolio, live in one of the units lease the other an start a portfolio, Airbnb, or if multigenerational property is a need! This brick 2 family is your opportunity. Both units are freshly painted, beautiful Pine wood flooring, millwork, large bedrooms & living rooms (NOT shot gun style). Updated baths. Main level Kitchen has oak cabinets, lots of counter space & all appliances, deck leading to patio. Second level Bedroom has huge 12X6.8 closet, Kitchen has maple cabinets, lots of counter space, all appliances, deck leading to patio. HVACs 2024, 100 amp electric panels 2007, Water heaters 2019, & updated plumbing. Delightful yard to enjoy, newer fencing, & parking pad for 2. Blocks to downtown Maplewood, dog town, and Forest Park amenities. Great location with easy access to Hwy 40. Enjoy the Hibernian St. Pats day festivities every March 17th! Please note pocket door upper unit is non functioning.These are 1 bedroom units.

7. 2026-03-11
   historical $319,900 987-char remark

   Show marketing remark (987 chars)

   So many options, add to your portfolio, live in one of the units lease the other an start a portfolio, Airbnb, or if multigenerational property is a need! This brick 2 family is your opportunity. Both units are freshly painted, beautiful Pine wood flooring, millwork, large bedrooms & living rooms (NOT shot gun style). Updated baths. Main level Kitchen has oak cabinets, lots of counter space & all appliances, deck leading to patio. Second level Bedroom has huge 12X6.8 closet, Kitchen has maple cabinets, lots of counter space, all appliances, deck leading to patio. HVACs 2024, 100 amp electric panels 2007, Water heaters 2019, & updated plumbing. Delightful yard to enjoy, newer fencing, & parking pad for 2. Blocks to downtown Maplewood, dog town, and Forest Park amenities. Great location with easy access to Hwy 40. Enjoy the Hibernian St. Pats day festivities every March 17th! Please note pocket door upper unit is non functioning.These are 1 bedroom units.

8. 2007-12-12
   soldstatus $159,000
9. 2005-11-23
   soldstatus $103,800
10. 2001-03-06
    soldstatus $45,500
11. 2001-03-06
    soldstatus $45,500
12. 1999-07-22
    soldstatus $42,500
13. 1995-07-11
    soldstatus

ⓘ 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: $1,630 · $136/mo
• Projected year-2 tax: $2,910 · $242/mo
• Expected delta: +$1,280/yr (+$107/mo · 78.5%)

ⓘ 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 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $30,132
• − Mortgage interest: −$16,805
• − Property taxes: −$1,630
• − Insurance: −$1,500
• − Repairs & maintenance: −$2,411
• − Management: −$2,411
• − Depreciation: −$8,727
• Taxable loss: −$3,351
• Est. tax savings @ 24.0%: +$804
• After-tax cash flow: $2,600/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): 21,631
• Household income: $75,757
• Rent vs Own: 37.4% rent · 62.6% own
• Severe rent burden: 653.0

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: Predominantly White (70%)
• Race & ethnicity: White 70% Black 16% Two or more races 7% Hispanic / Latino 5% Asian 3%
• Hispanic origin (detail): Mexican 3%
• Common ancestry: Lithuanian 4% Slovak 2% Romanian 2%
• Foreign-born: 5% · Canada, China
• Languages at home: 93% English-only · Spanish 2% Other Indo-European 1% German/W. Germanic 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: ▼ -277.54%
• Current HPI: 256.7513
• Rent YoY: ▲ 5.39%
• 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

+605.9% since first listed

13 events — show timeline

• 2026-05-21 Sold (MLS) — MARIS as Distributed by MLS Grid
• 2026-04-22 Pending — MARIS as Distributed by MLS Grid
• 2026-04-22 Pending — MARIS as Distributed by MLS Grid
• 2026-04-20 Listed $300,000 MARIS as Distributed by MLS Grid
• 2026-03-30 Listed $300,000 MARIS as Distributed by MLS Grid
• 2026-03-11 Price Changed $300,000 MARIS as Distributed by MLS Grid
• 2026-03-11 Coming Soon $319,900 MARIS as Distributed by MLS Grid
• 2007-12-12 Sold (Public Records) $159,000 Public Records
• 2005-11-23 Sold (Public Records) $103,800 Public Records
• 2001-03-06 Sold (Public Records) $45,500 Public Records
• 2001-03-06 Sold (Public Records) $45,500 Public Records
• 1999-07-22 Sold (Public Records) $42,500 Public Records
• 1995-07-11 Sold (Public Records) — Public Records

Property tax history

+6.1%/yr

Latest (2024): $1,630 · +5.1% YoY. Source: county tax records.