Renovated Four-Unit
New
For Sale
$664,000
4217 Blaine Avenue St, Louis, MO 63110
Residential Income, St Louis, MO
Property Size3,400 SF
Lot Size0.15 Acres
Price / SF$195.29
Days on Market4
Property Features for 4217 Blaine Avenue St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 4, Bedroom 3, Bathroom 4, Bedroom 5, Bedroom 6, Bedroom 2, Bathroom 1, Bathroom 3, Basement, Bedroom 1, Bathroom 2
Parking
4
Parking features
Open, Off Street
Subdivision
Dunde Place Add
Elementary school
Adams 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
4972-00-0210-0
Size
3,400 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
5597
Utilities
Heating system
Forced Air, Natural Gas
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
1926
Floors in Building
2
Number of units
4
Building materials
Brick, Stone
Architectural style
Other
Listing Agency:
Keller Williams Realty St. Louis
(314) 677-6000
Listed By:
Brueggemann Tadlock · License #2011010667
(314) 677-6000
Added: Aug 24
Changed: Aug 25
Last Checked: Aug 27 at 9:06AM
MLS# 26052534
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.
Built in 1926, this 3,400-square-foot brick and stone quadplex contains four residences: two two-bedroom units and two one-bedroom units. The interiors include open layouts, hardwood floors, and updated kitchens and bathrooms. Improvements include newer plumbing, electrical systems, HVAC equipment, water heaters, and a new roof.
The property occupies 0.1469 acres at 4217 Blaine Avenue in St. Louis, Missouri. Off-street parking behind the building accommodates 4+ vehicles. Public water serves the property, with forced-air, natural-gas heating and central-air, electric cooling. The building is near Highway 44, Tower Grove Park, and the restaurants and shops of The Grove.
The property occupies 0.1469 acres at 4217 Blaine Avenue in St. Louis, Missouri. Off-street parking behind the building accommodates 4+ vehicles. Public water serves the property, with forced-air, natural-gas heating and central-air, electric cooling. The building is near Highway 44, Tower Grove Park, and the restaurants and shops of The Grove.
Key Highlights
- Four‑unit configuration with two 2‑bedroom and two 1‑bedroom residences
- 3,400 SF building on 0.1469 acres
- Updated kitchens, bathrooms, open layouts, and hardwood floors
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
$36,358
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
5.48%
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%
$727,160
$727.2K
Cap Rate 7%
$519,400
$519.4K
Cap Rate 9%
$403,978
$404.0K
Market Conditions
NOI Build-Up for 3,400 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
$55.1K $16.20/SF
− Vacancy
−$3.1K −$0.92/SF
EGI
$51.9K $15.28/SF
− OpEx
−$15.6K −$4.58/SF
NOI
$36.4K $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%
$727,160
Cap Rate 7%
$519,400
Cap Rate 9%
$403,978
Alternative Uses
Best Use
Multifamily LT 5
$519.4K
$454.5K – $606.0K
NOI $36,358 @ 7.0% cap · market cap 5.48%
Second Best
Apartment 5plus
$452.0K
$395.5K – $527.3K
NOI $31,640 @ 7.0% cap · market cap 4.77%
Theoretical Best
Office A
$729.7K
$638.5K – $851.3K
NOI $51,079 @ 7.0% cap · market cap 7.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
822
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 - Four updated residences feature hardwood flooring, refreshed kitchens and baths, and off-street parking.
Where is this quadplex located?
The property is located at 4217 Blaine Avenue St Louis, MO.
What is the asking price?
The asking price for this property is $664,000.
What are key features of this property?
This property features: Four‑unit configuration with two 2‑bedroom and two 1‑bedroom residences; 3,400 SF building on 0.1469 acres; Updated kitchens, bathrooms, open layouts, and hardwood floors
