Renovated 4-Unit
1022 ALLEN AVE, Saint Louis, MO 63104
For Sale
Contact for pricing
The brick property pairs a mixed-bedroom unit layout with off-street parking and a fenced backyard.
Property Size4,557 SF
Price / SF$197.28
Days on Market11
Property Features for 1022 ALLEN AVE
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Occupancy
Net Operating Income
Financials
Asking Price
Cap Rate
Gross Income
Units
Unit Mix
Multifamily Units
Additional Details
Road Access
Tenant in Place
Amenities
central air
in-unit laundry
fenced gated backyard
Building Details
Year Built
Year Renovated
Buildings
Construction
Listing Agency:
The Agency
Listed By:
Anthony Klier · License MO #2022012991
(314) 517-1925
Source:
Crexi
Added: Oct 31
Changed: Nov 8
Last Checked: Nov 8 at 5:32PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Agency
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Investment Insights
Based on property information with market context.
This renovated brick quadplex at 1022 Allen Avenue contains four apartments totaling approximately 4,557 square feet. Built in 1890 and updated in 2024, it is fully leased and offers a mix of two one-bedroom, one-bath units and two three-bedroom, two-bath units. Apartment features include island kitchens, in-unit laundry, and central air; select units also have original storefront windows or exposed-beam ceilings. Updated PVC plumbing is in place. The property produces a 7.13% cap rate based on actual expenses.
The building sits at Allen Avenue and Menard Street in Soulard, a National Register historic district. The site includes three off-street parking spaces and a fenced, gated backyard. Walk Score is 81, with the Soulard Farmers Market an eight-minute walk away and Busch Stadium, Enterprise Center, and downtown a five-minute walk away.
The building sits at Allen Avenue and Menard Street in Soulard, a National Register historic district. The site includes three off-street parking spaces and a fenced, gated backyard. Walk Score is 81, with the Soulard Farmers Market an eight-minute walk away and Busch Stadium, Enterprise Center, and downtown a five-minute walk away.
Key Highlights
- Four apartments totaling approximately 4,557 square feet; fully leased
- 7.13% cap rate based on actual expenses
- Built in 1890 and renovated in 2024
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,731
Cap Rate
5.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$974,620
$974.6K
Cap Rate 7%
$696,157
$696.2K
Cap Rate 9%
$541,456
$541.5K
Market Conditions
NOI Build-Up for 4,557 SF
Gross rent
$73.8K $16.20/SF
− Vacancy
−$4.2K −$0.92/SF
EGI
$69.6K $15.28/SF
− OpEx
−$20.9K −$4.58/SF
NOI
$48.7K $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 Rate 5%
$974,620
Cap Rate 7%
$696,157
Cap Rate 9%
$541,456
Alternative Uses
Best Use
Multifamily LT 5
$696.2K
$609.1K – $812.2K
NOI $48,731 @ 7.0% cap · market cap 5.42%
Second Best
Apartment 5plus
$605.8K
$530.1K – $706.8K
NOI $42,407 @ 7.0% cap · market cap 4.72%
Theoretical Best
Office A
$978.0K
$855.8K – $1.14M
NOI $68,461 @ 7.0% cap · market cap 7.62%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
4
Residential units
100%
Occupancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,005
Businesses Nearby
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Business Placement
Demographics for 63104, MO
19,317
Population
10,958
Households
1.8
Avg Household Size
34
Median Age
54%
College-Educated
94%
High-School Grad
3.4 sq mi
ZIP Area
5,681
Density / Sq Mi
$70,127
Median Household Income
$53,693
Median Earnings
$1,054
Median Rent
$249,500
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in St. Louis County, MO
Properties on Market for Quadplexes in St. Louis County
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Quadplex - The brick property pairs a mixed-bedroom unit layout with off-street parking and a fenced backyard.
Where is this quadplex located?
The property is located at 1022 ALLEN AVE Saint Louis, MO.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Four apartments totaling approximately 4,557 square feet; fully leased; 7.13% cap rate based on actual expenses; Built in 1890 and renovated in 2024
