Rehabilitated
For Sale
$725,000
4109 Lafayette Avenue St, Louis, MO 63110
Residential Income, St Louis, MO
Property Size3,962 SF
Lot Size0.12 Acres
Price / SF$182.99
Days on Market33
Property Features for 4109 Lafayette Avenue St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
8
Bathrooms
8
Full bathrooms
8
Rooms
Bathroom 7, Bathroom 3, Basement, Bedroom 3, Bedroom 2, Bedroom 6, Bedroom 5, Bathroom 2, Bathroom 6, Bedroom 7, Bathroom 1, Bedroom 8, Bedroom 4, Bathroom 8, Bathroom 4, Bedroom 1, Bathroom 5
Window features
Wood Frames, Window Coverings, Screens
Interior features
Ceiling Fan(s), Granite Counters, Kitchen Island, Stone Counters
Exterior features
Balcony
Basement
Sump Pump, Full, Unfinished
Appliances
Dishwasher, Disposal, Free-Standing Electric Range, Refrigerator, Washer/Dryer Stacked, Electric Water Heater
Subdivision
Shaws Lafayette Add 03
Elementary school
Adams Elem.
Middle school
Elias Michael Elem.
High school
Vashon High
Elementary school district
St. Louis City
Middle school district
St. Louis City
High school district
St. Louis City
Standard status
Active
APN
5442-00-0220-1
Size
3,962 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
C B 5442 LAFAYETTE 40 FT X 130 FT SHAWS LAFAYETTE 3RD ADDN LOT 48 & W-49
Tax Annual Amount
288
Legal Description
C B 5442 LAFAYETTE 40 FT X 130 FT SHAWS LAFAYETTE 3RD ADDN LOT 48 & W-49
Utilities
Heating system
Forced Air, Natural Gas
Cooling system
Ceiling Fan(s), Central Air
Water source
Public
Amenities
private in-unit laundry room
basement storage
private balcony
Building Details
Year built
1916
Floors in Building
2
Number of units
4
Flooring type
Wood, Carpet, Laminate
Building materials
Brick, Stone
Roof type
Flat, Shingle
Architectural style
Other
Listing Agency:
The Hermann London Group LLC
(314) 802-0797
Listed By:
Nidhi Soni · License #2014008871
(314) 802-0797
Added: Jul 30
Changed: Aug 20
Last Checked: Aug 31 at 2:06PM
MLS# 26048603
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 3,962-square-foot quadplex contains four approximately 900-square-foot units, each arranged with two bedrooms, two full bathrooms, a living room, kitchen, private laundry room, and bedroom balcony. The fully rehabilitated building includes granite and stone counters, wood, carpet, and laminate flooring, central air, forced-air natural gas heat, and electric water heating. Brick and stone construction dates to 1916, with electric panels and plumbing replaced within the last 6–8 years. A basement provides additional storage, while the rear of the property offers private off-street parking for four vehicles.
The property is located at 4109 Lafayette Avenue in St Louis, Missouri, within the Botanical Heights and Forest Park Southeast submarkets. It is positioned between Shaw and The Grove, with the Missouri Botanical Gardens, Tower Grove Park, and the WashU Medical Campus identified as nearby destinations. The building is 100% occupied, and one lease expires at the end of October.
The property is located at 4109 Lafayette Avenue in St Louis, Missouri, within the Botanical Heights and Forest Park Southeast submarkets. It is positioned between Shaw and The Grove, with the Missouri Botanical Gardens, Tower Grove Park, and the WashU Medical Campus identified as nearby destinations. The building is 100% occupied, and one lease expires at the end of October.
Key Highlights
- Four‑unit building totaling 3,962 square feet on 0.1194 acres
- Each unit is approximately 900sf with 2 bedrooms and 2 full bathrooms
- 100% occupied; one lease expires at the end of October
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
$42,368
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
5.84%
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%
$847,360
$847.4K
Cap Rate 7%
$605,257
$605.3K
Cap Rate 9%
$470,756
$470.8K
Market Conditions
NOI Build-Up for 3,962 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
$64.2K $16.20/SF
− Vacancy
−$3.7K −$0.92/SF
EGI
$60.5K $15.28/SF
− OpEx
−$18.2K −$4.58/SF
NOI
$42.4K $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%
$847,360
Cap Rate 7%
$605,257
Cap Rate 9%
$470,756
Alternative Uses
Best Use
Multifamily LT 5
$605.3K
$529.6K – $706.1K
NOI $42,368 @ 7.0% cap · market cap 5.84%
Second Best
Apartment 5plus
$526.7K
$460.9K – $614.5K
NOI $36,870 @ 7.0% cap · market cap 5.09%
Theoretical Best
Office A
$850.3K
$744.0K – $992.0K
NOI $59,522 @ 7.0% cap · market cap 8.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
2,120
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 - Fully occupied four-unit property with private balconies, in-unit laundry, basement storage, and rear parking.
Where is this quadplex located?
The property is located at 4109 Lafayette Avenue St Louis, MO.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Four‑unit building totaling 3,962 square feet on 0.1194 acres; Each unit is approximately 900sf with 2 bedrooms and 2 full bathrooms; 100% occupied; one lease expires at the end of October
