Quadplex With Four One-Bedroom
For Sale
$499,500
4614 Shenandoah Avenue St, Louis, MO 63110
MULTI_FAMILY - Other - St Louis, MO
Property Size3,536 SF
Lot Size0.11 Acres
Price / SF$141.26
Days on Market62
Property Features for 4614 Shenandoah Avenue St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 2, Bedroom 1, Bathroom 4, Bedroom 2, Bathroom 3, Bedroom 4, Bathroom 1, Bedroom 3
Parking features
Off Street, On Street
Fencing
Fenced
Appliances
Gas Water Heater
Subdivision
Shaws Garden Add
Elementary school
Mann 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
4098-05-0090-0
Size
3,536 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
C. B. 4098 N SHENANDOAH AVE 40 FT X 120 FT SHAWS GARDEN ADDN BLK B LOT 4
Tax Annual Amount
5495
Legal Description
C. B. 4098 N SHENANDOAH AVE 40 FT X 120 FT SHAWS GARDEN ADDN BLK B LOT 4
Utilities
Heating system
Natural Gas, Forced Air
Cooling system
Gas (Cooling), Central Air
Water source
Public
Amenities
central heating and cooling
basement laundry hookups
fenced backyard
Building Details
Year built
1925
Floors in Building
2
Number of units
4
Flooring type
Hardwood
Building materials
Brick
Architectural style
Other
Listing Agency:
Invest St. Louis
(314) 325-6201
Listed By:
Jeffrey Jollar · License #2026020322
(314) 255-5117
Added: Jun 12
Changed: Aug 2
Last Checked: Aug 12 at 2:06PM
MLS# 26037176
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 quadplex at 4614 Shenandoah Avenue offers four true one-bedroom units in a 3,536 SF, brick building on a 0.1102-acre lot. Each apartment is described as having its own dedicated basement laundry hookups, with central heating and cooling throughout. The layout supports straightforward resident use across all units, and two units are currently occupied with one unit vacant.
The building is positioned in the Southwest Garden neighborhood, described as just minutes from major regional employers and attractions including the Missouri Botanical Garden, Barnes-Jewish Hospital, Washington University Medical School, Forest Park, and Tower Grove Park. Off-street and on-street parking are both present, and the property also includes a fenced backyard and a rear parking pad.
Key building updates noted include a 6-year-old TPO roof, mostly replaced vinyl windows, and PVC plumbing stacks, drains, and lateral. Additional amenities include a gas water heater and hardwood flooring. The property is served by public water.
The building is positioned in the Southwest Garden neighborhood, described as just minutes from major regional employers and attractions including the Missouri Botanical Garden, Barnes-Jewish Hospital, Washington University Medical School, Forest Park, and Tower Grove Park. Off-street and on-street parking are both present, and the property also includes a fenced backyard and a rear parking pad.
Key building updates noted include a 6-year-old TPO roof, mostly replaced vinyl windows, and PVC plumbing stacks, drains, and lateral. Additional amenities include a gas water heater and hardwood flooring. The property is served by public water.
Key Highlights
- 3,536 SF quadplex on a 0.1102‑acre lot with four true one‑bedroom units
- Central heating and cooling in each unit plus dedicated basement laundry hookups
- One unit vacant and three units described as occupied
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
$37,813
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
7.57%
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%
$756,260
$756.3K
Cap Rate 7%
$540,186
$540.2K
Cap Rate 9%
$420,144
$420.1K
Market Conditions
NOI Build-Up for 3,536 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
$57.3K $16.20/SF
− Vacancy
−$3.3K −$0.92/SF
EGI
$54.0K $15.28/SF
− OpEx
−$16.2K −$4.58/SF
NOI
$37.8K $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%
$756,260
Cap Rate 7%
$540,186
Cap Rate 9%
$420,144
Alternative Uses
Best Use
Multifamily LT 5
$540.2K
$472.7K – $630.2K
NOI $37,813 @ 7.0% cap · market cap 7.57%
Second Best
Apartment 5plus
$470.1K
$411.3K – $548.4K
NOI $32,906 @ 7.0% cap · market cap 6.59%
Theoretical Best
Office A
$758.9K
$664.0K – $885.4K
NOI $53,122 @ 7.0% cap · market cap 10.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Quadplex with four one-bedroom units, central heating and cooling, and basement laundry hookups for each apartment.
Where is this quadplex located?
The property is located at 4614 Shenandoah Avenue St Louis, MO.
What is the asking price?
The asking price for this property is $499,500.
What are key features of this property?
This property features: 3,536 SF quadplex on a 0.1102‑acre lot with four true one‑bedroom units; Central heating and cooling in each unit plus dedicated basement laundry hookups; One unit vacant and three units described as occupied
