5-Unit Apartment
For Sale
$485,000
1035 Geyer Avenue, Saint Louis, MO 63104
Two-level apartment layouts and a separate carriage house provide varied rental configurations.
Property Size4,012 SF
Price / SF$120.89
Days on Market10
Property Features for 1035 Geyer Avenue
General Information
Standard status
Active
Size
4,012 SF
Property subtype
Residential Income
Property Condition
Severity
Repairs Needed
Evidence
One unit needs updated
Additional Details
Highway Access
Yes
Multifamily Units
5
Taxes and HOA fees
Annual Taxes
$3,500
Building Details
Building Size
4,012 SF
Year Built
1896
Buildings
2
Units
5
Listing Agency:
Rybo Properties, LLC
(314) 644-7746
Listed By:
Greg Rybacki
(314) 566-5950
Source:
Finehomesbydawn
Added: Oct 15
Changed: Oct 23
Last Checked: Oct 23 at 1:12PM
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 Rybo Properties, LLC
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Investment Insights
Based on property information with market context.
This 4,012-square-foot apartment property, built in 1896, comprises four units in the main building and a detached one-bedroom carriage house with a loft. The two-bedroom apartments have two levels, a full bath on each floor, and kitchen-based in-unit laundry. One-bedroom apartments occupy a main floor and partially finished basement, with laundry below. One unit needs updating; the others have older renovations. Three or four units may need only patching, painting, and cleaning before rental, depending on turnover needs.
Recent work includes mansard roof shingles, a rear carriage-house deck, carriage-house gutters and downspouts, sewer lateral and riser repairs between the buildings and alley, and a new HVAC system in unit 2E. Replacement of 13 historic windows on the Geyer and alley sides of the front building is anticipated. Additional tuckpointing or wood repairs may also be needed. Four units have previously operated as short-term rentals, and the owner is transitioning away from that use.
Recent work includes mansard roof shingles, a rear carriage-house deck, carriage-house gutters and downspouts, sewer lateral and riser repairs between the buildings and alley, and a new HVAC system in unit 2E. Replacement of 13 historic windows on the Geyer and alley sides of the front building is anticipated. Additional tuckpointing or wood repairs may also be needed. Four units have previously operated as short-term rentals, and the owner is transitioning away from that use.
Key Highlights
- Five rental units: four in the main building and one in a detached carriage house
- 4,012 square feet; built in 1896
- Two‑bedroom units have two levels, a full bath on each floor, and in‑unit laundry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,336
Cap Rate
7.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$746,720
$746.7K
Cap Rate 7%
$533,371
$533.4K
Cap Rate 9%
$414,844
$414.8K
Market Conditions
NOI Build-Up for 4,012 SF
Gross rent
$72.2K $18.00/SF
− Vacancy
−$4.3K −$1.08/SF
EGI
$67.9K $16.92/SF
− OpEx
−$30.5K −$7.61/SF
NOI
$37.3K $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 Rate 5%
$746,720
Cap Rate 7%
$533,371
Cap Rate 9%
$414,844
Alternative Uses
Best Use
Apartment 5plus
$533.4K
$466.7K – $622.3K
NOI $37,336 @ 7.0% cap · market cap 7.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$861.0K
$753.4K – $1.00M
NOI $60,273 @ 7.0% cap · market cap 12.43%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
5
Residential units
Yes
Highway 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
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Two-level apartment layouts and a separate carriage house provide varied rental configurations.
Where is this apartment building located?
The property is located at 1035 Geyer Avenue Saint Louis, MO.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: Five rental units: four in the main building and one in a detached carriage house; 4,012 square feet; built in 1896; Two‑bedroom units have two levels, a full bath on each floor, and in‑unit laundry
