Fully Renovated Four-Unit
For Sale
$650,000
1850 Russell Boulevard St, Louis, MO 63104
MULTI_FAMILY - Other - St Louis, MO
Property Size5,508 SF
Lot Size0.13 Acres
Price / SF$118.01
Days on Market95
Property Features for 1850 Russell Boulevard St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
8
Bathrooms
6
Full bathrooms
6
Rooms
Bedroom 5, Bathroom 3, Bedroom 7, Bedroom 8, Basement, Bedroom 4, Bedroom 2, Bedroom 3, Bedroom 6, Bathroom 6, Bedroom 1, Bathroom 2, Bathroom 1, Bathroom 5, Bathroom 4
Subdivision
Allens Lafayette Park Add
Elementary school
Sigel Elem. Comm. Ed. Center
Middle school
Long Middle Community Ed. Center
High school
Roosevelt High
Elementary school district
St. Louis City
Middle school district
St. Louis City
High school district
St. Louis City
Directions
russell
Standard status
Active
APN
1337-00-0020-0
Size
5,508 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
5122
Utilities
Cooling system
Central Air
Building Details
Year built
1911
Building materials
Brick
Architectural style
Other
Listing Agency:
Invest St. Louis
(314) 325-6201
Listed By:
Mike Shepherd · License #2010038439
(314) 255-5117
Added: Apr 28
Changed: Jul 29
Last Checked: Jul 31 at 1:06AM
MLS# 26010749
Copyright © 2026 Mid America Regional Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This fully renovated all-brick four-unit property was renovated in 2020 and offers a straightforward fourplex layout with two 3-bedroom/2-bath units and two 1-bedroom/1-bath units. Each unit includes a large living room with a fireplace and hardwood floors, with the living area opening to an eat-in kitchen. Kitchens feature updated cabinetry and countertops, stainless steel appliances, a dishwasher, and in-unit laundry. Bathrooms have been updated with subway tile, fresh gray vanities, and new hardware. Additional interior updates include ceiling fans and large windows in the bedrooms, and the property has PVC stacks and upgraded plumbing and electrical components.
The property is located at 1850 Russell Boulevard in St. Louis City, MO, within a short distance to restaurants, bars, parks, and entertainment. The lot size is 0.1304 acres, and the building totals 5,508 square feet.
For buyers seeking a renovated small multifamily asset, the unit mix provides flexibility for tenant demand profiles, with two larger 3/2 layouts and two more compact 1/1 layouts. The substantial systems and interior upgrades listed for the plumbing, electric, furnaces and AC condensers, and water heaters may support a lower-maintenance approach relative to older, unrenovated properties.
The property is located at 1850 Russell Boulevard in St. Louis City, MO, within a short distance to restaurants, bars, parks, and entertainment. The lot size is 0.1304 acres, and the building totals 5,508 square feet.
For buyers seeking a renovated small multifamily asset, the unit mix provides flexibility for tenant demand profiles, with two larger 3/2 layouts and two more compact 1/1 layouts. The substantial systems and interior upgrades listed for the plumbing, electric, furnaces and AC condensers, and water heaters may support a lower-maintenance approach relative to older, unrenovated properties.
Key Highlights
- All‑brick four‑family fully renovated in 2020
- Unit mix: two 3BR/2BA units and two 1BR/1BA units
- Central air plus newer furnaces and AC condensers
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $89.2k | $16.20 |
| − Vacancy | −$5.1k | −$0.92 |
| EGI | $84.1k | $15.28 |
| − OpEx | −$25.2k | −$4.58 |
| NOI | $58.9k | $10.69 |
5,508 SF · lease $16.20/SF/yr · vacancy 5.70% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$841.4K
$736.3K – $981.7K
NOI $58,900 @ 7.0% cap · market cap 9.06%
Second Best
Apartment 5plus
$732.2K
$640.7K – $854.3K
NOI $51,257 @ 7.0% cap · market cap 7.89%
Theoretical Best
Office A
$1.18M
$1.03M – $1.38M
NOI $82,748 @ 7.0% cap · market cap 12.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,145
Businesses Nearby
Explore this area
Business Placement
Demographics for 63104, MO
19,317
Population
10,958
Households
1.8
Avg Household Size
34
Median Age
54%
College-Educated
94%
High-School Grad
3.4 sq mi
ZIP Area
5,681
Density / Sq Mi
$70,127
Median Household Income
$53,693
Median Earnings
$1,054
Median Rent
$249,500
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?
Quadplex - All-brick fourplex with two 3-bedroom units and two 1-bedroom units, each featuring updated kitchens and in-unit laundry.
Where is this quadplex located?
The property is located at 1850 Russell Boulevard St Louis, MO.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: All‑brick four‑family fully renovated in 2020; Unit mix: two 3BR/2BA units and two 1BR/1BA units; Central air plus newer furnaces and AC condensers
