Updated 4-Unit
For Sale
$585,000
2037 Maury Ave, Saint Louis, MO 63110
Fully occupied building with refreshed interiors, renovated kitchens and baths, and rear off-street parking.
Property Size3,500 SF
Price / SF$167.14
Days on Market57
Property Features for 2037 Maury Ave
General Information
Standard status
Active
Size
3,500 SF
Property subtype
Residential Income
Listing Agency:
Nettwork Global
(636) 614-5132
Listed By:
Joe Geary · License #2018025898
(314) 403-3283
Source:
Exprealty
Added: Aug 20
Changed: Oct 7
Last Checked: Oct 15 at 1:52AM
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 Nettwork Global
Investment Insights
Based on property information with market context.
This 3,500 SF quadplex contains four two-bedroom, one-bathroom units. Interior improvements include newer flooring, fresh paint, updated lighting, and refreshed kitchens and bathrooms. The property is fully occupied with tenants in place, providing an operating multifamily asset with established occupancy.
Located at 2037 Maury Ave in Saint Louis, the building is within walking distance of local coffee shops, restaurants, and the Missouri Botanical Garden. Off-street parking is positioned behind the building, adding a practical amenity for residents. The four-unit configuration offers a straightforward addition to a residential income portfolio.
Located at 2037 Maury Ave in Saint Louis, the building is within walking distance of local coffee shops, restaurants, and the Missouri Botanical Garden. Off-street parking is positioned behind the building, adding a practical amenity for residents. The four-unit configuration offers a straightforward addition to a residential income portfolio.
Key Highlights
- Four units, each with 2 bedrooms and 1 bathroom
- 3,500 SF quadplex at 2037 Maury Ave, Saint Louis, MO
- Fully occupied with tenants in place
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,428
Cap Rate
6.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$748,560
$748.6K
Cap Rate 7%
$534,686
$534.7K
Cap Rate 9%
$415,867
$415.9K
Market Conditions
NOI Build-Up for 3,500 SF
Gross rent
$56.7K $16.20/SF
− Vacancy
−$3.2K −$0.92/SF
EGI
$53.5K $15.28/SF
− OpEx
−$16.0K −$4.58/SF
NOI
$37.4K $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%
$748,560
Cap Rate 7%
$534,686
Cap Rate 9%
$415,867
Alternative Uses
Best Use
Multifamily LT 5
$534.7K
$467.9K – $623.8K
NOI $37,428 @ 7.0% cap · market cap 6.40%
Second Best
Apartment 5plus
$465.3K
$407.1K – $542.9K
NOI $32,571 @ 7.0% cap · market cap 5.57%
Theoretical Best
Office A
$751.2K
$657.3K – $876.4K
NOI $52,581 @ 7.0% cap · market cap 8.99%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
747
Businesses Nearby
Explore this area
Business Placement
Demographics for 63110, MO
18,199
Population
10,260
Households
1.8
Avg Household Size
33
Median Age
64%
College-Educated
97%
High-School Grad
6.6 sq mi
ZIP Area
2,757
Density / Sq Mi
$73,809
Median Household Income
$55,340
Median Earnings
$1,183
Median Rent
$314,600
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
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Frequently Asked Questions
What type of property is this?
Quadplex - Fully occupied building with refreshed interiors, renovated kitchens and baths, and rear off-street parking.
Where is this quadplex located?
The property is located at 2037 Maury Ave Saint Louis, MO.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: Four units, each with 2 bedrooms and 1 bathroom; 3,500 SF quadplex at 2037 Maury Ave, Saint Louis, MO; Fully occupied with tenants in place
