Brick Quadplex with In-Unit
New
For Sale
$525,000
4555 Shenandoah Avenue St, Louis, MO 63110
MULTI_FAMILY - Other - St Louis, MO
Property Size3,468 SF
Lot Size0.12 Acres
Price / SF$151.38
Days on Market1
Property Features for 4555 Shenandoah Avenue St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
3
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 3, Bedroom 1, Bathroom 3, Bathroom 1, Bedroom 2, Bathroom 2
Subdivision
Shaws Garden
Elementary school
Adams 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
5902-00-0170-0
Size
3,468 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6896
Utilities
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Amenities
in-unit laundry
central HVAC
hardwood flooring
thermal windows
granite countertops
gas ranges
dishwashers
Building Details
Year built
1925
Building materials
Brick
Architectural style
Other
Listing Agency:
Epique Realty
(888) 893-3537
Listed By:
David Nall
(816) 522-4531
Added: Aug 12
Last Checked: Aug 12 at 12:06PM
MLS# 26051322
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 1925, this 3,468-square-foot quadplex is constructed of brick and contains four residential units. Each unit includes in-unit laundry, while central air conditioning and forced-air natural gas heat serve the building. Property improvements include updated electrical service, newer plumbing stacks on both sides, hardwood floors and thermal windows in most units, plus kitchens with granite countertops, gas ranges, and dishwashers. Three units are occupied by tenants described as vetted and qualified.
The property occupies 0.1166 acres at 4555 Shenandoah Avenue in St. Louis, Missouri. Missouri Botanical Garden is one block away, and Tower Grove Park is described as a five-minute bike ride from the property. Dining, entertainment, and community destinations identified in the surrounding area include The Grove, Tower Grove South, the Morgan Ford Business District, City Foundry STL, and the St. Louis CITY SC stadium district.
The property occupies 0.1166 acres at 4555 Shenandoah Avenue in St. Louis, Missouri. Missouri Botanical Garden is one block away, and Tower Grove Park is described as a five-minute bike ride from the property. Dining, entertainment, and community destinations identified in the surrounding area include The Grove, Tower Grove South, the Morgan Ford Business District, City Foundry STL, and the St. Louis CITY SC stadium district.
Key Highlights
- Four‑unit quadplex with 3,468 square feet of building area
- Brick construction dating to 1925
- In‑unit laundry provided in all 4 units
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
$37,085
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
7.06%
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%
$741,700
$741.7K
Cap Rate 7%
$529,786
$529.8K
Cap Rate 9%
$412,056
$412.1K
Market Conditions
NOI Build-Up for 3,468 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
$56.2K $16.20/SF
− Vacancy
−$3.2K −$0.92/SF
EGI
$53.0K $15.28/SF
− OpEx
−$15.9K −$4.58/SF
NOI
$37.1K $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%
$741,700
Cap Rate 7%
$529,786
Cap Rate 9%
$412,056
Alternative Uses
Best Use
Multifamily LT 5
$529.8K
$463.6K – $618.1K
NOI $37,085 @ 7.0% cap · market cap 7.06%
Second Best
Apartment 5plus
$461.0K
$403.4K – $537.9K
NOI $32,273 @ 7.0% cap · market cap 6.15%
Theoretical Best
Office A
$744.3K
$651.3K – $868.4K
NOI $52,101 @ 7.0% cap · market cap 9.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
511
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-unit brick property with central HVAC, updated systems, and kitchens equipped with granite counters, gas ranges, and dishwashers.
Where is this quadplex located?
The property is located at 4555 Shenandoah Avenue St Louis, MO.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Four‑unit quadplex with 3,468 square feet of building area; Brick construction dating to 1925; In‑unit laundry provided in all 4 units
