Updated 4-Unit
For Sale
$599,900
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$171.40
Days on Market11
Property Features for 2037 Maury Ave
General Information
Standard status
Active
Size
3,500 SF
Property subtype
Residential Income
Listing Agency:
Nettwork Global
(314) 403-3283
Listed By:
Joe Geary · License #2018025898
(314) 403-3283
Source:
Exprealty
Added: Aug 20
Changed: Aug 29
Last Checked: Aug 29 at 3:09PM
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$37,428
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.24%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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 6.24%
Second Best
Apartment 5plus
$465.3K
$407.1K – $542.9K
NOI $32,571 @ 7.0% cap · market cap 5.43%
Theoretical Best
Office A
$751.2K
$657.3K – $876.4K
NOI $52,581 @ 7.0% cap · market cap 8.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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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 $599,900.
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
