4-Unit Residential Income
2009 South 11th Street St. Louis, MO 63104
2009 South 11th Street St., Louis, MO, 63104
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For Sale
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Four residential units include a vacant unit and renovated setup with off-street parking and a shared backyard.
Property Size3,426 SF
Price / SF$173.67
Days on Market49
Property Features for 2009 South 11th Street St.
General Information
- Standard status
- Active
- Size
- 3,426 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1885
Listing agency
Garcia Properties
Listed by
Jenifer Garcia · License #MO 2011006921
Source
Crexi
Added: Jun 4 Updated: Jul 22 at 4:34PM Checked: Jul 22 at 4:34PM
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
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
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $55.5k | $16.20 |
| − Vacancy | −$3.2k | −$0.92 |
| EGI | $52.3k | $15.28 |
| − OpEx | −$15.7k | −$4.58 |
| NOI | $36.6k | $10.69 |
3,426 SF · lease $16.20/SF/yr · vacancy 5.70% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$523.4K
$458.0K – $610.6K
NOI $36,636 @ 7.0% cap · market cap 6.16%
Second Best
Apartment 5plus
$455.5K
$398.5K – $531.4K
NOI $31,882 @ 7.0% cap · market cap 5.36%
Theoretical Best
Office A
$735.3K
$643.4K – $857.8K
NOI $51,470 @ 7.0% cap · market cap 8.65%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
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 South 11th Street St. Louis, MO.
What is the asking price?
The asking price for this property is $595,000.
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
