Brick Ranch
For Sale
$265,000
4978 Parker Avenue St, Louis, MO 63139
Residential Income, St Louis, MO
Property Size1,624 SF
Lot Size0.10 Acres
Price / SF$163.18
Days on Market10
Property Features for 4978 Parker Avenue St
General Information
Property type
Residential Multi Family
Property subtype
Single Family Residence
Bedrooms
1
Bathrooms
1
Full bathrooms
1
Rooms
Basement, Bathroom 1, Bedroom 1
Parking features
Garage
Patio and Porch features
Porch
Interior features
Eat-in Kitchen
Exterior features
Awning(s)
Fencing
Chain Link, Gate, Fenced
Basement
Full
Appliances
Dryer, Range, Refrigerator, Washer
Subdivision
Kingshighway Hills
Lot features
City Lot, Front Yard
Elementary school
Mason 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
Directions
Kingshighway to west on Parker Ave.
Standard status
Active
APN
6073-00-0070-0
Size
1,624 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2189
Utilities
Heating system
Forced Air, Natural Gas
Cooling system
Central Air, Electric
Water source
Public
Amenities
fenced yard
Building Details
Year built
1953
Floors in Building
1
Flooring type
Carpet, Tile, Hardwood
Building materials
Brick
Roof type
Shingle
Architectural style
Ranch
Listing Agency:
Berkshire Hathaway HomeServices Select Properties
(314) 775-2050
Listed By:
Mary Kay Gitto
(314) 575-8407
Added: Sep 18
Changed: Sep 26
Last Checked: Sep 27 at 2:06PM
MLS# 26055471
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.
Located at 4978 Parker Avenue in St. Louis, this 1,624-square-foot brick duplex was built in 1953 and follows a ranch-style layout. Each unit includes a living room, dining room, eat-in kitchen, bedroom, and full bathroom. Hardwood flooring serves the living and dining areas, while the kitchens use tile or laminate and the bedrooms have carpeting.
The property occupies 0.1045 acres and includes a fenced yard, porch, and 2-car brick garage. Additional features include forced-air natural gas heating, central air conditioning, public water, a shingle roof, and basement space. Appliances include ranges, refrigerators, washers, and dryers. The home is near parks, shopping, and restaurants in St. Louis.
The property occupies 0.1045 acres and includes a fenced yard, porch, and 2-car brick garage. Additional features include forced-air natural gas heating, central air conditioning, public water, a shingle roof, and basement space. Appliances include ranges, refrigerators, washers, and dryers. The home is near parks, shopping, and restaurants in St. Louis.
Key Highlights
- Two‑unit brick duplex with 1,624 square feet
- Built in 1953 with a ranch‑style layout
- Each unit includes a living room, dining room, eat‑in kitchen, bedroom, and full bathroom
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
$17,366
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
6.55%
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%
$347,320
$347.3K
Cap Rate 7%
$248,086
$248.1K
Cap Rate 9%
$192,956
$193.0K
Market Conditions
NOI Build-Up for 1,624 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
$26.3K $16.20/SF
− Vacancy
−$1.5K −$0.92/SF
EGI
$24.8K $15.28/SF
− OpEx
−$7.4K −$4.58/SF
NOI
$17.4K $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%
$347,320
Cap Rate 7%
$248,086
Cap Rate 9%
$192,956
Alternative Uses
Best Use
Multifamily LT 5
$248.1K
$217.1K – $289.4K
NOI $17,366 @ 7.0% cap · market cap 6.55%
Second Best
Apartment 5plus
$215.9K
$188.9K – $251.9K
NOI $15,113 @ 7.0% cap · market cap 5.70%
Theoretical Best
Office A
$348.5K
$305.0K – $406.6K
NOI $24,398 @ 7.0% cap · market cap 9.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
689
Businesses Nearby
Explore this area
Business Placement
Demographics for 63139, MO
21,971
Population
12,187
Households
1.8
Avg Household Size
38
Median Age
49%
College-Educated
96%
High-School Grad
3.8 sq mi
ZIP Area
5,782
Density / Sq Mi
$74,749
Median Household Income
$52,298
Median Earnings
$1,086
Median Rent
$199,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit brick residence with separate living areas, fenced outdoor space, and a detached garage for off-street parking.
Where is this duplex located?
The property is located at 4978 Parker Avenue St Louis, MO.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: Two‑unit brick duplex with 1,624 square feet; Built in 1953 with a ranch‑style layout; Each unit includes a living room, dining room, eat‑in kitchen, bedroom, and full bathroom
