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    4579 Gibson Avenue St Louis, MO 63110

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    Claim this Listing
    For Sale
    $499,900

    2-4 Units, Apartment Style - St Louis, MO

    Property size:
    2,808 SF
    Lot size:
    0.08 Acres
    Added:
    Mar 12, 2026
    Days on Market:
    38
    Last Refresh:
    Apr 18 at 10:06 pm

    Property Features for 4579 Gibson Avenue St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Rooms
    Basement
    Basement Y/N
    1
    Standard status
    Active
    APN
    5073-00-0440-0
    Size
    2,808 SF
    Lot size
    0.08 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    1659

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1910
    Building materials
    Brick
    Architectural style
    Other

    We can help!

    Listing Contact
    Mike Shepherd

    Listing agent Mike Shepherd License #2010038439

    Listing office Invest St. Louis 2309 Thurman, St. Louis, MO

    Listing date Mar 12, 2026

    MLS# 26010475 Listing URL

    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.

    Overview

    Renovated Two-Family Property in Grove

    This renovated two-family property is located in The Grove neighborhood, with close proximity to many hospitals. Each unit is approximately 1404 square feet. The first-floor unit will be vacant on March 30, 2026, and features an open floor plan, a living room with a corner electric fireplace, and a large primary suite with two full bathrooms and a walk-in closet. The second-floor unit is currently vacant; all furnishings in this unit are included in the sales price. It features 3 bedrooms, 1 bath, an in-unit laundry area, and an exposed brick staircase. The units have high ceilings, a full walk-out basement, separate decks, lots of closets throughout, and a fenced-in yard. System updates have been made, including a TPO roof, electrical upgrades, plumbing, PVC sewer lateral, and tuckpointing. The property is one block away from the pedestrian bridge to Forest Park and BJC Hospital and is conveniently located near area restaurants, entertainment, breweries, bars, and nightlife. The lot size is 0.084 acres, and the total property size is 2808 square feet.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Map

    City
    Louis
    County
    St. Louis
    State
    Missouri
    Longitude
    -90.2636315
    Latitude
    38.6303442

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    FAQs

    What type of property is this?
    Duplex - Renovated two-family property near hospitals, restaurants, and Forest Park.
    Where is this duplex located?
    The property is located at 4579 Gibson Avenue St Louis, MO.
    What is the asking price?
    The asking price for this property is $499,900.
    (314) 662-6453
    We can help!
    Listing Contact
    Mike Shepherd
    Real Estate License ID: 2010038439
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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