Updated Four-Unit
For Sale
$950,000
1917 Alfred Avenue St, Louis, MO 63110
MULTI_FAMILY - Other - St Louis, MO
Property Size4,340 SF
Lot Size0.16 Acres
Price / SF$218.89
Days on Market10
Property Features for 1917 Alfred Avenue St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
8
Bathrooms
8
Full bathrooms
8
Rooms
Bedroom 7, Bedroom 3, Bathroom 8, Basement, Bedroom 5, Bathroom 3, Bathroom 1, Bathroom 5, Bedroom 6, Bedroom 1, Bedroom 8, Bathroom 4, Bedroom 4, Bathroom 2, Bathroom 6, Bathroom 7, Bedroom 2
Parking features
On Street
Basement
Unfinished
Appliances
Dishwasher, Disposal, Built-In Electric Range, Refrigerator, Washer/Dryer
Subdivision
Shaws Garden
Elementary school
Mann Elem.
Middle school
Fanning Middle Community Ed.
High school
Roosevelt High
Elementary school district
St. Louis City
Middle school district
St. Louis City
High school district
St. Louis City
Standard status
Active
APN
5910-00-0130-0
Size
4,340 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7799
Utilities
Heating system
Forced Air, Electric (Heating)
Cooling system
Central Air, Ceiling Fan(s), Electric
Water source
Public
Building Details
Year built
1925
Floors in Building
2
Number of units
4
Flooring type
Hardwood
Building materials
Brick
Architectural style
Other
Listing Agency:
Fathom Realty-St. Louis
(888) 455-6040
Listed By:
Kimberly Vavere
(314) 308-1923
Added: Aug 3
Changed: Aug 7
Last Checked: Aug 12 at 12:06AM
MLS# 26047065
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 brick quadplex contains four similarly configured residences within 4,340 square feet on a 0.155-acre parcel. The property offers eight bedrooms and eight bathrooms overall, with each unit featuring an open kitchen, island, dishwasher, electric range, refrigerator, and full-size washer and dryer. Bedroom ceiling fans, hardwood floors, stained glass, and original woodwork add to the interior character. A 2018 renovation addressed the TPO roof, plumbing, electrical systems, HVAC, and other major components, excluding the windows. Central air, forced-air electric heating, public water, and on-street parking are also in place.
The property is located at 1917 Alfred Avenue in St. Louis, directly across from the Missouri Botanical Garden. Restaurants and commercial activity in Tower Grove, The Hill, and Shaw are nearby, with access to Hwy 44 and Hwy 40/64. All four units are currently rented, providing an established multifamily configuration for an owner-occupant or portfolio buyer.
The property is located at 1917 Alfred Avenue in St. Louis, directly across from the Missouri Botanical Garden. Restaurants and commercial activity in Tower Grove, The Hill, and Shaw are nearby, with access to Hwy 44 and Hwy 40/64. All four units are currently rented, providing an established multifamily configuration for an owner-occupant or portfolio buyer.
Key Highlights
- Four‑unit quadplex with 8 bedrooms and 8 bathrooms
- 4,340 square feet on a 0.155‑acre lot
- Renovated in 2018; TPO roof, plumbing, electric, and HVAC updated
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$46,410
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.89%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$928,200
$928.2K
Cap Rate 7%
$663,000
$663.0K
Cap Rate 9%
$515,667
$515.7K
Market Conditions
NOI Build-Up for 4,340 SF
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.
Gross rent
$70.3K $16.20/SF
− Vacancy
−$4.0K −$0.92/SF
EGI
$66.3K $15.28/SF
− OpEx
−$19.9K −$4.58/SF
NOI
$46.4K $10.69/SF
Area
St. Louis County, MO
Vacancy
5.70%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$928,200
Cap Rate 7%
$663,000
Cap Rate 9%
$515,667
Alternative Uses
Best Use
Multifamily LT 5
$663.0K
$580.1K – $773.5K
NOI $46,410 @ 7.0% cap · market cap 4.89%
Second Best
Apartment 5plus
$577.0K
$504.9K – $673.1K
NOI $40,388 @ 7.0% cap · market cap 4.25%
Theoretical Best
Office A
$931.4K
$815.0K – $1.09M
NOI $65,201 @ 7.0% cap · market cap 6.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
747
Businesses Nearby
Explore this area
Business Placement
Demographics for 63110, MO
18,199
Population
10,260
Households
1.8
Avg Household Size
33
Median Age
64%
College-Educated
97%
High-School Grad
6.6 sq mi
ZIP Area
2,757
Density / Sq Mi
$73,809
Median Household Income
$55,340
Median Earnings
$1,183
Median Rent
$314,600
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 - Matching residences combine modern appliances with preserved architectural details and consistent interior finishes.
Where is this quadplex located?
The property is located at 1917 Alfred Avenue St Louis, MO.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Four‑unit quadplex with 8 bedrooms and 8 bathrooms; 4,340 square feet on a 0.155‑acre lot; Renovated in 2018; TPO roof, plumbing, electric, and HVAC updated
