Four-Unit Property with
New
For Sale
$575,000
1704 S Tucker Blvd, Saint Louis, MO 63104
Four residential units include townhome-style layouts and private balconies in a walkable urban setting.
Property Size4,662 SF
Price / SF$123.34
Days on Market7
Property Features for 1704 S Tucker Blvd
General Information
Standard status
Active
Size
4,662 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 1BR/1BA, 2 x 2BR/1.5BA
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$3,853
Amenities
private balconies
Building Details
Buildings
1
Listing Agency:
Ascend Real Estate Advisors
(314) 594-4024
Listed By:
Antione Lawrence
(314) 471-5073
Source:
Exprealty
Added: Sep 1
Changed: Sep 5
Last Checked: Sep 6 at 3:02PM
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 Ascend Real Estate Advisors
Investment Insights
Based on property information with market context.
This four-unit residential property contains two 1-bedroom, 1-bath apartments and two 2-bedroom, 1.5-bath townhome-style units. The townhomes include private balconies, and three of the four units were renovated in 2026. The building measures 4,662 square feet and includes a renovated townhome suitable for occupancy or leasing, along with an occupied townhome held by a tenant for more than 10 years.
The property is located at 1704 S Tucker Blvd in Saint Louis, near Soulard and Lafayette Square. Both neighborhoods are within walking distance, while Lafayette Park is less than one mile away. The unit mix provides a combination of apartment and townhome configurations within a single four-unit building.
The property is located at 1704 S Tucker Blvd in Saint Louis, near Soulard and Lafayette Square. Both neighborhoods are within walking distance, while Lafayette Park is less than one mile away. The unit mix provides a combination of apartment and townhome configurations within a single four-unit building.
Key Highlights
- Four‑unit residential property totaling 4,662 square feet
- Three of four units renovated in 2026
- Two 1‑bedroom, 1‑bath apartments
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
$49,854
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
8.67%
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%
$997,080
$997.1K
Cap Rate 7%
$712,200
$712.2K
Cap Rate 9%
$553,933
$553.9K
Market Conditions
NOI Build-Up for 4,662 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
$75.5K $16.20/SF
− Vacancy
−$4.3K −$0.92/SF
EGI
$71.2K $15.28/SF
− OpEx
−$21.4K −$4.58/SF
NOI
$49.9K $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%
$997,080
Cap Rate 7%
$712,200
Cap Rate 9%
$553,933
Alternative Uses
Best Use
Multifamily LT 5
$712.2K
$623.2K – $830.9K
NOI $49,854 @ 7.0% cap · market cap 8.67%
Second Best
Apartment 5plus
$619.8K
$542.3K – $723.1K
NOI $43,385 @ 7.0% cap · market cap 7.55%
Theoretical Best
Office A
$1.00M
$875.5K – $1.17M
NOI $70,038 @ 7.0% cap · market cap 12.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,158
Businesses Nearby
Explore this area
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
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 - Four residential units include townhome-style layouts and private balconies in a walkable urban setting.
Where is this quadplex located?
The property is located at 1704 S Tucker Blvd Saint Louis, MO.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Four‑unit residential property totaling 4,662 square feet; Three of four units renovated in 2026; Two 1‑bedroom, 1‑bath apartments
