A rare chance to acquire an entire 16-building duplex community on Jo Court in Berkeley. The 32 two bedroom, one bath homes pair the familiar feel of individual residences with the scale of a multifamily investment. All 16 buildings underwent documented roof restoration in 2024, including new decking, architectural shingles and weather protection. The supplied rent schedule shows all 32 homes leased, with residents paying electric, gas, water and sewer. At the $3,995,000 offering price, the owner's stated $317,266 net operating income implies an approximately 7.94% cap rate, subject to a buyer's review of leases and expenses.
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$ 3,995,000
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26062626
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Jo Court
Berkeley
St Louis
Commercial Sale
Commercial Sale
$29,606
Last 6 closed homes in this zip.
| Address | Bd/Ba | SqFt | List | Sold | Closed |
|---|---|---|---|---|---|
| 6539 Alder Avenue, Berkeley, MO 63134 | 3/2 | 1,568 | $164,999 | $164,999 100% of ask |
Sep 30, 2026 |
| 4508 Edmundson Road, Edmundson, MO 63134 | 2/1 | 864 | $109,000 | $88,500 81.2% of ask |
Sep 25, 2026 |
| 6619 Graybirch Drive, Berkeley, MO 63134 | 3/1 | 1,120 | $94,900 | $86,900 91.6% of ask |
Sep 22, 2026 |
| 8102 Frost Avenue, Berkeley, MO 63134 | 3/1 | 1,180 | $94,900 | $81,320 85.7% of ask |
Sep 22, 2026 |
| 6829 Saint Olaf Drive, Berkeley, MO 63134 | 3/1 | 1,140 | $99,900 | $90,000 90.1% of ask |
Sep 21, 2026 |
| 8217 Cadillac Lane, Berkeley, MO 63134 | 4/1 | 1,864 | $174,900 | $174,900 100% of ask |
Sep 18, 2026 |
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