Furnished 4-Unit
For Sale
$450,000
1916 Serbian Dr, Saint Louis, MO 63104
Four furnished apartments include appliances and provide an established rental setup.
Property Size3,420 SF
Price / SF$131.58
Days on Market35
Property Features for 1916 Serbian Dr
General Information
Standard status
Active
Size
3,420 SF
Property subtype
Residential Income
Additional Details
Furnished
Yes
Average Monthly Rent
$1,400
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$4,889
Building Details
Buildings
1
Listing Agency:
Worth Clark Realty
(314) 222-0065
Listed By:
Karan Madra · License #2025015899
(573) 612-8713
Source:
Exprealty
Added: Sep 3
Changed: Oct 6
Last Checked: Oct 6 at 2:43AM
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 Worth Clark Realty
Investment Insights
Based on property information with market context.
This 3,420-square-foot quadplex contains four furnished residential units, with appliances and furnishings included in the sale. Three apartments are occupied, while one is vacant, giving the next owner a four-unit property with a mix of current tenancy and available space.
The building is located at 1916 Serbian Drive in Saint Louis, Missouri.
The building is located at 1916 Serbian Drive in Saint Louis, Missouri.
Key Highlights
- Four residential units in a 3,420‑square‑foot building
- Three of the four apartments are occupied
- All four units are furnished
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,572
Cap Rate
8.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$731,440
$731.4K
Cap Rate 7%
$522,457
$522.5K
Cap Rate 9%
$406,356
$406.4K
Market Conditions
NOI Build-Up for 3,420 SF
Gross rent
$55.4K $16.20/SF
− Vacancy
−$3.2K −$0.92/SF
EGI
$52.2K $15.28/SF
− OpEx
−$15.7K −$4.58/SF
NOI
$36.6K $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%
$731,440
Cap Rate 7%
$522,457
Cap Rate 9%
$406,356
Alternative Uses
Best Use
Multifamily LT 5
$522.5K
$457.2K – $609.5K
NOI $36,572 @ 7.0% cap · market cap 8.13%
Second Best
Apartment 5plus
$454.7K
$397.8K – $530.5K
NOI $31,827 @ 7.0% cap · market cap 7.07%
Theoretical Best
Office A
$734.0K
$642.2K – $856.3K
NOI $51,379 @ 7.0% cap · market cap 11.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,069
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Four furnished apartments include appliances and provide an established rental setup.
Where is this quadplex located?
The property is located at 1916 Serbian Dr Saint Louis, MO.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Four residential units in a 3,420‑square‑foot building; Three of the four apartments are occupied; All four units are furnished
