Renovated Four-Unit
1022 Allen Avenue, Saint Louis, MO 63104
For Sale
New
$899,000
Residential Income, St Louis, MO
Property Size4,590 SF
Lot Size0.11 Acres
Price / SF$195.86
Days on Market1
Property Features for 1022 Allen Avenue
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Parking features
Patio and Porch features
Interior features
Fencing
Appliances
Subdivision
Lot features
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Heating system
Cooling system
Water source
Amenities
in-unit laundry
central air
fenced and gated backyard
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Architectural style
Buildings
Listing Agency:
The Agency
(314) 677-1477
Listed By:
Anthony Klier · License MO #2022012991
(314) 517-1925
Added: Nov 13
Last Checked: Nov 13 at 11:06PM
MLS# 26069855
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.
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Investment Insights
Based on property information with market context.
This 4,590-square-foot brick Victorian quadplex, built in 1890, contains four occupied apartments on a 0.1108-acre lot. The mix comprises two three-bedroom, two-bath units of approximately 1,519 square feet each and two one-bedroom, one-bath units of approximately 759 square feet each. Renovations include updated kitchens and baths, while in-unit laundry is provided in every apartment. Central air, hardwood flooring, and beamed ceilings are among the building’s features.
The property includes three off-street parking spaces and a fenced backyard with a gate. It is in Soulard, an eight-minute walk from Soulard Farmers Market and a five-minute drive from Busch Stadium and downtown St. Louis. The stated cap rate is 7.13%.
The property includes three off-street parking spaces and a fenced backyard with a gate. It is in Soulard, an eight-minute walk from Soulard Farmers Market and a five-minute drive from Busch Stadium and downtown St. Louis. The stated cap rate is 7.13%.
Key Highlights
- Four occupied apartments: two 3‑bedroom, 2‑bath units and two 1‑bedroom, 1‑bath units
- 4,590 square feet on a 0.1108‑acre lot
- Three off‑street parking spaces and a gated, fenced backyard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,084
Cap Rate
5.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$981,680
$981.7K
Cap Rate 7%
$701,200
$701.2K
Cap Rate 9%
$545,378
$545.4K
Market Conditions
NOI Build-Up for 4,590 SF
Gross rent
$74.4K $16.20/SF
− Vacancy
−$4.2K −$0.92/SF
EGI
$70.1K $15.28/SF
− OpEx
−$21.0K −$4.58/SF
NOI
$49.1K $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%
$981,680
Cap Rate 7%
$701,200
Cap Rate 9%
$545,378
Alternative Uses
Best Use
Multifamily LT 5
$701.2K
$613.6K – $818.1K
NOI $49,084 @ 7.0% cap · market cap 5.46%
Second Best
Apartment 5plus
$610.2K
$533.9K – $711.9K
NOI $42,715 @ 7.0% cap · market cap 4.75%
Theoretical Best
Office A
$985.1K
$862.0K – $1.15M
NOI $68,957 @ 7.0% cap · market cap 7.67%
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
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 - Two three-bedroom residences and two one-bedroom apartments create a varied unit mix within this occupied property.
Where is this quadplex located?
The property is located at 1022 Allen Avenue 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 occupied apartments: two 3‑bedroom, 2‑bath units and two 1‑bedroom, 1‑bath units; 4,590 square feet on a 0.1108‑acre lot; Three off‑street parking spaces and a gated, fenced backyard
