Brick Four-Unit
For Sale
$445,000
3400 Lawn Avenue St, Louis, MO 63139
Residential Income, St Louis, MO
Property Size3,440 SF
Lot Size0.13 Acres
Price / SF$129.36
Days on Market37
Property Features for 3400 Lawn Avenue St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
1
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1, Bedroom 1, Basement
Appliances
Oven, Refrigerator
Subdivision
Northampton
Elementary school
Buder Elem.
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
Standard status
Active
APN
6066-00-0060-0
Size
3,440 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
C. B. 6066 LAWN, 47.50 FT X 120 FT, KINGSHIGHWAY HILLS ADDN, BLK 3 LOT 16 & N 15
Tax Annual Amount
5044
Legal Description
C. B. 6066 LAWN, 47.50 FT X 120 FT, KINGSHIGHWAY HILLS ADDN, BLK 3 LOT 16 & N 15
Utilities
Heating system
Forced Air, Natural Gas
Cooling system
Central Air, Window Unit(s), Wall/Window Unit(s)
Water source
Public
Building Details
Year built
1941
Number of units
4
Building materials
Brick
Architectural style
Other
Listing Agency:
Salient Realty Group, LLC
(314) 374-3687
Listed By:
James Anderson · License #2019046652
(618) 567-8346
Added: Aug 3
Changed: Sep 5
Last Checked: Sep 8 at 5:06PM
MLS# 26049480
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 one-bedroom, one-bathroom residences within 3,440 square feet. Built in 1941, the property includes a basement, oven and refrigerator appliances, public water service, and a combination of natural-gas forced-air and unit-based cooling systems.
The 0.1309-acre property is located at 3400 Lawn Avenue in St. Louis, Missouri. Vehicle storage includes a detached two-car garage and a separate single-car garage at the rear. The site also provides parking and storage, while the residential layout supports continued multifamily use.
The 0.1309-acre property is located at 3400 Lawn Avenue in St. Louis, Missouri. Vehicle storage includes a detached two-car garage and a separate single-car garage at the rear. The site also provides parking and storage, while the residential layout supports continued multifamily use.
Key Highlights
- Four one‑bedroom, one‑bathroom units
- 3,440 square feet on a 0.1309‑acre lot
- Detached 2‑car garage plus an additional single‑car garage
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
$36,786
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
8.27%
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%
$735,720
$735.7K
Cap Rate 7%
$525,514
$525.5K
Cap Rate 9%
$408,733
$408.7K
Market Conditions
NOI Build-Up for 3,440 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
$55.7K $16.20/SF
− Vacancy
−$3.2K −$0.92/SF
EGI
$52.6K $15.28/SF
− OpEx
−$15.8K −$4.58/SF
NOI
$36.8K $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%
$735,720
Cap Rate 7%
$525,514
Cap Rate 9%
$408,733
Alternative Uses
Best Use
Multifamily LT 5
$525.5K
$459.8K – $613.1K
NOI $36,786 @ 7.0% cap · market cap 8.27%
Second Best
Apartment 5plus
$457.3K
$400.2K – $533.6K
NOI $32,013 @ 7.0% cap · market cap 7.19%
Theoretical Best
Office A
$738.3K
$646.0K – $861.3K
NOI $51,680 @ 7.0% cap · market cap 11.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
778
Businesses Nearby
Explore this area
Business Placement
Demographics for 63139, MO
21,971
Population
12,187
Households
1.8
Avg Household Size
38
Median Age
49%
College-Educated
96%
High-School Grad
3.8 sq mi
ZIP Area
5,782
Density / Sq Mi
$74,749
Median Household Income
$52,298
Median Earnings
$1,086
Median Rent
$199,400
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 - Income-producing multifamily property with detached garages, additional parking, and storage space.
Where is this quadplex located?
The property is located at 3400 Lawn Avenue St Louis, MO.
What is the asking price?
The asking price for this property is $445,000.
What are key features of this property?
This property features: Four one‑bedroom, one‑bathroom units; 3,440 square feet on a 0.1309‑acre lot; Detached 2‑car garage plus an additional single‑car garage
