Four-Unit Quadplex with
For Sale
$325,000
5026 - 5028 Chippewa St, Louis, MO 63109
Residential Income, St Louis, MO
Property Size2,856 SF
Lot Size0.14 Acres
Price / SF$113.80
Days on Market73
Property Features for 5026 - 5028 Chippewa St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Basement, Bedroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bathroom 3, Bathroom 2, Bathroom 4, Bathroom 1
Parking
6
Parking features
Parking Lot
Exterior features
Balcony
Basement
Block, Full
Subdivision
Northhampton Park Add
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
Directions
GPS FRIENDLY
Standard status
Active
APN
6038-00-0100-0
Size
2,856 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2023
Tax Description
C. B. 6038 CHIPPEWA ST 42 FT 8 IN X 145 FT NORTHHAPTON PK ADDN BLK 12 LOT E-11 & W-12
Tax Annual Amount
2771
Legal Description
C. B. 6038 CHIPPEWA ST 42 FT 8 IN X 145 FT NORTHHAPTON PK ADDN BLK 12 LOT E-11 & W-12
Utilities
Heating system
Forced Air
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Amenities
sunroom
washer/dryer hookups
Building Details
Year built
1926
Floors in Building
2
Number of units
4
Building materials
Brick, Stone
Architectural style
Other
Listing Agency:
Berkshire Hathaway HomeServices Select Properties
(636) 720-1100
Listed By:
David Haley · License #2007017472
(314) 835-6000
Added: Jun 30
Changed: Sep 3
Last Checked: Sep 10 at 3:06AM
MLS# 25055468
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 2,856-square-foot quadplex contains four fully occupied one-bedroom, one-bath units. Each residence includes a living room, eat-in kitchen with appliances, private bedroom and bathroom, and access to a sunroom. The property also offers a shared basement with designated washer and dryer hookups plus storage. Brick and stone construction, forced-air heating, window and wall units for cooling, a balcony, and public water service are among the recorded features.
Built in 1926, the property occupies 0.14 acres at 5026–5028 Chippewa in St. Louis, Missouri. On-site parking is provided through a parking lot, while parks, shopping, dining, and major highways are identified in the surrounding area.
Built in 1926, the property occupies 0.14 acres at 5026–5028 Chippewa in St. Louis, Missouri. On-site parking is provided through a parking lot, while parks, shopping, dining, and major highways are identified in the surrounding area.
Key Highlights
- Four fully occupied one‑bedroom, one‑bath units
- 2,856 square feet on 0.14 acres
- Shared basement with laundry hookups and storage
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
$26,578
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
8.18%
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%
$531,560
$531.6K
Cap Rate 7%
$379,686
$379.7K
Cap Rate 9%
$295,311
$295.3K
Market Conditions
NOI Build-Up for 2,856 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
$51.4K $18.00/SF
− Vacancy
−$3.1K −$1.08/SF
EGI
$48.3K $16.92/SF
− OpEx
−$21.7K −$7.61/SF
NOI
$26.6K $9.31/SF
Area
St. Louis County, MO
Vacancy
6.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
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%
$531,560
Cap Rate 7%
$379,686
Cap Rate 9%
$295,311
Alternative Uses
Best Use
Multifamily LT 5
$436.3K
$381.8K – $509.0K
NOI $30,541 @ 7.0% cap · market cap 9.40%
Second Best
Apartment 5plus
$379.7K
$332.2K – $443.0K
NOI $26,578 @ 7.0% cap · market cap 8.18%
Theoretical Best
Office A
$612.9K
$536.3K – $715.1K
NOI $42,906 @ 7.0% cap · market cap 13.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
704
Businesses Nearby
Explore this area
Business Placement
Demographics for 63109, MO
26,777
Population
14,963
Households
1.8
Avg Household Size
39
Median Age
52%
College-Educated
96%
High-School Grad
3.5 sq mi
ZIP Area
7,651
Density / Sq Mi
$71,563
Median Household Income
$52,245
Median Earnings
$929
Median Rent
$244,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - Fully occupied units include eat-in kitchens, appliances, and shared basement storage.
Where is this quadplex located?
The property is located at 5026 - 5028 Chippewa St Louis, MO.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Four fully occupied one‑bedroom, one‑bath units; 2,856 square feet on 0.14 acres; Shared basement with laundry hookups and storage
