4-Unit Quadplex with Private Rear
For Sale
$450,000
2116 Geyer Avenue St, Louis, MO 63104
MULTI_FAMILY - St Louis, MO
Property Size2,880 SF
Price / SF$156.25
Days on Market265
Property Features for 2116 Geyer Avenue St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
1
Bathrooms
1
Full bathrooms
1
Rooms
Bedroom 1, Basement, Bathroom 1
Subdivision
McKinley Heights
Elementary school
Sigel Elem. Comm. Ed. Center
Middle school
Fanning Middle Community Ed.
High school
Roosevelt High
Elementary school district
St. Louis City
Middle school district
St. Louis City
High school district
St. Louis City
Directions
GPS is best.
Standard status
Active
APN
1341-00-0135-0
Size
2,880 SF
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
2804
Utilities
Heating system
Forced Air
Cooling system
Central Air
Amenities
shared laundry
private rear decks
Building Details
Year built
1927
Number of units
4
Roof type
Rubber
Listing Agency:
Salient Realty Group, LLC
(314) 374-3687
Listed By:
Timothy McCarthy · License ##2019034093
(314) 374-3687
Added: Nov 29, 2025
Changed: Aug 3
Last Checked: Aug 21 at 5:06AM
MLS# 25052302
Copyright © 2026 Mid America Regional Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 4-unit quadplex features four updated 1-bedroom, 1-bath units. Interior finishes include hardwood flooring, along with newly updated kitchens and baths. Each unit includes a private rear deck, and residents share basement laundry facilities. The property is heated by forced air and cooled with central air.
Built in 1927, the building includes rubber roofing and offers street parking directly in front of the property. It is located in the heart of The McKinley Heights, with convenient access to Lafayette Square, Soulard, and Downtown St. Louis, and is within walking distance to many historical areas.
The property is available as part of a three-property portfolio or individually.
Built in 1927, the building includes rubber roofing and offers street parking directly in front of the property. It is located in the heart of The McKinley Heights, with convenient access to Lafayette Square, Soulard, and Downtown St. Louis, and is within walking distance to many historical areas.
The property is available as part of a three-property portfolio or individually.
Key Highlights
- 4 updated 1‑bedroom, 1‑bath units with private rear decks
- Hardwood flooring plus newly updated kitchens and baths
- Shared basement laundry facilities
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
$30,798
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
6.84%
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%
$615,960
$616.0K
Cap Rate 7%
$439,971
$440.0K
Cap Rate 9%
$342,200
$342.2K
Market Conditions
NOI Build-Up for 2,880 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
$46.7K $16.20/SF
− Vacancy
−$2.7K −$0.92/SF
EGI
$44.0K $15.28/SF
− OpEx
−$13.2K −$4.58/SF
NOI
$30.8K $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%
$615,960
Cap Rate 7%
$439,971
Cap Rate 9%
$342,200
Alternative Uses
Best Use
Multifamily LT 5
$440.0K
$385.0K – $513.3K
NOI $30,798 @ 7.0% cap · market cap 6.84%
Second Best
Apartment 5plus
$382.9K
$335.0K – $446.7K
NOI $26,801 @ 7.0% cap · market cap 5.96%
Theoretical Best
Office A
$618.1K
$540.8K – $721.1K
NOI $43,267 @ 7.0% cap · market cap 9.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
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
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 - Quadplex with hardwood flooring, updated kitchens and baths, and private rear decks, plus shared basement laundry and street parking.
Where is this quadplex located?
The property is located at 2116 Geyer Avenue St Louis, MO.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 4 updated 1‑bedroom, 1‑bath units with private rear decks; Hardwood flooring plus newly updated kitchens and baths; Shared basement laundry facilities
