Rehabilitated Four-Unit
New
For Sale
$795,000
2018 S 9th St, Saint Louis, MO 63104
Each residence has two bedrooms and one bath, with updated kitchens, baths, appliances, and major building systems.
Property Size4,946 SF
Price / SF$160.74
Days on Market3
Property Features for 2018 S 9th St
General Information
Standard status
Active
Size
4,946 SF
Property subtype
Multi-Family
Occupancy
50%
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Building Details
Year Built
1906
Listing Agency:
Mossy Oak Properties-Central
Listed By:
DRG - Delhougne Realty Group
(636) 238-3830
Source:
Drgstl
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 15 at 2:25AM
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 Mossy Oak Properties-Central
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Investment Insights
Based on property information with market context.
This 4,946-square-foot quadplex contains four two-bedroom, one-bath residences. A comprehensive renovation brought new air conditioning, furnaces, water heaters, roofing, appliances, kitchens, and bathrooms. Interior finishes include quartz countertops, stainless steel appliances, matte-black fixtures, wide-plank flooring, marble-look tile, and exposed brick. The property was built in 1906.
The building is in Soulard, where a Walk Score of 93 reflects proximity to dining, coffee shops, and entertainment. Planned site improvements include gated asphalt parking and a turf area for residents.
The building is in Soulard, where a Walk Score of 93 reflects proximity to dining, coffee shops, and entertainment. Planned site improvements include gated asphalt parking and a turf area for residents.
Key Highlights
- Four residences, each with 2 bedrooms and 1 bathroom
- 4,946 square feet; built in 1906
- New A/C, furnaces, water heaters, roof, appliances, kitchens, and baths
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,891
Cap Rate
6.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,057,820
$1.1M
Cap Rate 7%
$755,586
$755.6K
Cap Rate 9%
$587,678
$587.7K
Market Conditions
NOI Build-Up for 4,946 SF
Gross rent
$80.1K $16.20/SF
− Vacancy
−$4.6K −$0.92/SF
EGI
$75.6K $15.28/SF
− OpEx
−$22.7K −$4.58/SF
NOI
$52.9K $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 Rate 5%
$1,057,820
Cap Rate 7%
$755,586
Cap Rate 9%
$587,678
Alternative Uses
Best Use
Multifamily LT 5
$755.6K
$661.1K – $881.5K
NOI $52,891 @ 7.0% cap · market cap 6.65%
Second Best
Apartment 5plus
$657.5K
$575.3K – $767.1K
NOI $46,027 @ 7.0% cap · market cap 5.79%
Theoretical Best
Office A
$1.06M
$928.8K – $1.24M
NOI $74,305 @ 7.0% cap · market cap 9.35%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Residential units
50%
Occupancy
Location Intelligence
Trade Area within ½ mile
845
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Quadplex - Each residence has two bedrooms and one bath, with updated kitchens, baths, appliances, and major building systems.
Where is this quadplex located?
The property is located at 2018 S 9th St Saint Louis, MO.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Four residences, each with 2 bedrooms and 1 bathroom; 4,946 square feet; built in 1906; New A/C, furnaces, water heaters, roof, appliances, kitchens, and baths
