4-Unit Residential Income
For Sale
$575,000
2009 S 11th St, Saint Louis, MO 63104
Four residential units include a vacant unit and renovated setup with off-street parking and a shared backyard.
Property Size3,426 SF
Price / SF$167.83
Days on Market136
Property Features for 2009 S 11th St
General Information
Standard status
Active
Size
3,426 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
4
Building Details
Year Built
1885
Tenancy
Multi
Listing Agency:
Garcia Properties
Listed By:
Jenifer Garcia · License #2011006921
(314) 565-3583
Source:
Gracestreetrealty
Added: Jun 17
Changed: Oct 26
Last Checked: Oct 7 at 5:15PM
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 Garcia Properties
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 4-unit residential income property is set up for owner-occupancy with one unit vacant for immediate move-in. The building features a classic first-floor layout with living room, kitchen, and a private bedroom in each first-floor unit, while the upstairs units are configured as two-story, townhome-style apartments with kitchen, living room, and a bedroom on the main floor and a second bedroom plus a full bath on the upper level. The property was completely renovated as part of a historic renovation in the 1990s, with additional system updates reported since then.
The address is 2009 South 11th Street in St. Louis, Missouri, and the property includes off-street parking described as car- and golf-cart-friendly, along with a large backyard.
With one unit available to occupy and the remaining units positioned for rental use, the building offers a straightforward multi-family configuration supported by prior renovations and ongoing system updates.
The address is 2009 South 11th Street in St. Louis, Missouri, and the property includes off-street parking described as car- and golf-cart-friendly, along with a large backyard.
With one unit available to occupy and the remaining units positioned for rental use, the building offers a straightforward multi-family configuration supported by prior renovations and ongoing system updates.
Key Highlights
- 1885‑built Soulard 4‑family with one vacant unit, allowing potential move‑in and rent collection at the same time
- Complete historic renovation in the 1990s with additional system updates since then
- Upstairs units are 2‑story, townhome‑style layouts with kitchen/living/bedroom on main level plus second bedroom and full bath upstairs
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,636
Cap Rate
6.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$732,720
$732.7K
Cap Rate 7%
$523,371
$523.4K
Cap Rate 9%
$407,067
$407.1K
Market Conditions
NOI Build-Up for 3,426 SF
Gross rent
$55.5K $16.20/SF
− Vacancy
−$3.2K −$0.92/SF
EGI
$52.3K $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%
$732,720
Cap Rate 7%
$523,371
Cap Rate 9%
$407,067
Alternative Uses
Best Use
Multifamily LT 5
$523.4K
$458.0K – $610.6K
NOI $36,636 @ 7.0% cap · market cap 6.37%
Second Best
Apartment 5plus
$455.5K
$398.5K – $531.4K
NOI $31,882 @ 7.0% cap · market cap 5.54%
Theoretical Best
Office A
$735.3K
$643.4K – $857.8K
NOI $51,470 @ 7.0% cap · market cap 8.95%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,005
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
Frequently Asked Questions
What type of property is this?
Quadplex - Four residential units include a vacant unit and renovated setup with off-street parking and a shared backyard.
Where is this quadplex located?
The property is located at 2009 S 11th St 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: 1885‑built Soulard 4‑family with one vacant unit, allowing potential move‑in and rent collection at the same time; Complete historic renovation in the 1990s with additional system updates since then; Upstairs units are 2‑story, townhome‑style layouts with kitchen/living/bedroom on main level plus second bedroom and full bath upstairs
