Renovated Quadplex with Basement
For Sale
$408,999
5022 Elenore Avenue St, Louis, MO 63116
MULTI_FAMILY - Other - St Louis, MO
Property Size2,938 SF
Lot Size0.11 Acres
Price / SF$139.21
Days on Market56
Property Features for 5022 Elenore Avenue St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
1
Bathrooms
1
Full bathrooms
1
Rooms
Basement, Bathroom 1, Bedroom 1
Parking features
Assigned, On Street, Alley
Window features
Storm Window(s)
Interior features
Built-in Features, Ceiling Fan(s), Custom Cabinetry, Eat-in Kitchen, Granite Counters, Kitchen Island, Open Floorplan, Recessed Lighting, Separate Shower, Tub
Exterior features
Entry Steps/Stairs
Basement
Full, Concrete, Unfinished, Block
Appliances
Stainless Steel Appliance(s), Electric Cooktop, Dishwasher, Microwave, Electric Oven, Electric Range
Subdivision
South Kingshighway Tr Add
Lot features
Back Yard, City Lot, Front Yard, Gentle Sloping, Level, Near Public Transit, Private, Rectangular Lot
Elementary school
Buder 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
5842-00-0360-0
Size
2,938 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
CB 5842 Elenore Av 40' 10"/40' x 117 FT 4"/119.85' S Kingshighway Ter Addn Block 3 Lot 6
Tax Annual Amount
2993
Legal Description
CB 5842 Elenore Av 40' 10"/40' x 117 FT 4"/119.85' S Kingshighway Ter Addn Block 3 Lot 6
Utilities
Utilities
Electricity Available
Heating system
Varies by Unit (Heating), Natural Gas
Cooling system
Electric, Varies by Unit, Gas (Cooling), Central Air
Water source
Public
Amenities
on-site laundry
Building Details
Year built
1926
Floors in Building
3
Number of units
4
Flooring type
Vinyl
Building materials
Brick, Concrete
Roof type
Flat
Architectural style
Other
Listing Agency:
Platinum Realty of St. Louis
(888) 220-0988
Listed By:
Kathleen Lawrence · License #2012006198
(913) 378-2807
Added: Jun 12
Changed: Aug 2
Last Checked: Aug 6 at 3:06PM
MLS# 25058455
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.
Renovated quadplex featuring four one-bedroom units. The apartments have cohesive, modern finishes including granite countertops, upgraded LVP flooring, and updated kitchen and bath features such as stainless steel appliances and soaking tubs. The property includes built-in interior features, recessed lighting, and an open floorplan. Heating is provided via natural gas (varies by unit) and central air (varies by unit), with electric cooling elements also listed. On-site laundry is located in the basement, and parking is provided via assigned spaces plus on-street and alley parking. The building includes entry steps and a flat roof, with brick and concrete construction.\n\nThe property sits on a 0.1074-acre lot and is listed with 2,938 square feet. Electricity is available and water service is public. Built in 1926, it is sold “as is, where is,” with no repairs or credits from the seller. Tenants are currently in place, so do not disturb tenants.
Key Highlights
- Four one‑bedroom units
- 2,938 square feet
- 0.1074‑acre lot
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
$31,418
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
7.68%
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%
$628,360
$628.4K
Cap Rate 7%
$448,829
$448.8K
Cap Rate 9%
$349,089
$349.1K
Market Conditions
NOI Build-Up for 2,938 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
$47.6K $16.20/SF
− Vacancy
−$2.7K −$0.92/SF
EGI
$44.9K $15.28/SF
− OpEx
−$13.5K −$4.58/SF
NOI
$31.4K $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%
$628,360
Cap Rate 7%
$448,829
Cap Rate 9%
$349,089
Alternative Uses
Best Use
Multifamily LT 5
$448.8K
$392.7K – $523.6K
NOI $31,418 @ 7.0% cap · market cap 7.68%
Second Best
Apartment 5plus
$390.6K
$341.8K – $455.7K
NOI $27,341 @ 7.0% cap · market cap 6.68%
Theoretical Best
Office A
$630.5K
$551.7K – $735.6K
NOI $44,138 @ 7.0% cap · market cap 10.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
942
Businesses Nearby
Explore this area
Business Placement
Demographics for 63116, MO
41,959
Population
22,394
Households
1.9
Avg Household Size
37
Median Age
37%
College-Educated
90%
High-School Grad
5.4 sq mi
ZIP Area
7,770
Density / Sq Mi
$60,193
Median Household Income
$42,012
Median Earnings
$946
Median Rent
$161,100
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 - Renovated quadplex with four one-bedroom units, in-unit updates, and on-site basement laundry plus assigned parking for each unit.
Where is this quadplex located?
The property is located at 5022 Elenore Avenue St Louis, MO.
What is the asking price?
The asking price for this property is $408,999.
What are key features of this property?
This property features: Four one‑bedroom units; 2,938 square feet; 0.1074‑acre lot
