Four-Unit Residential Income
For Sale
$520,000
2116 Portis Ave, Saint Louis, MO 63110
Well-maintained four-unit building with central heat and cooling, laundry hook-ups, and rear tenant parking.
Property Size3,400 SF
Price / SF$152.94
Days on Market99
Property Features for 2116 Portis Ave
General Information
Standard status
Active
Size
3,400 SF
Property subtype
Multifamily
Occupancy
75%
Additional Details
Multifamily Units
4
Amenities
Central heating and cooling
Laundry hook-ups
Newer roof
Updated kitchen and bathrooms
Hardwood floors
Vinyl windows
Rear parking for tenants
Building Details
Building Size
3,400 SF
Year Built
1925
Tenancy
Multi
Listing Agency:
Invest St. Louis
Listed By:
Mike Shepherd · License #2010038439
(314) 662-6453
Source:
Investstl
Added: Jul 24
Changed: Oct 25
Last Checked: Oct 28 at 6:14AM
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 Invest St. Louis
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This four-family residential income property is a well-maintained building with four large one-bedroom units. Each unit includes central heating and cooling, and laundry hook-ups are provided in the basement. The building has a newer roof and includes updates such as updated kitchens and bathrooms, hardwood floors, and vinyl windows, along with a rear parking area for tenants.
The property is located in the Southwest Garden neighborhood and is described as being just minutes from several area destinations, including Missouri Botanical Garden, Barnes Hospital, WashU Medical School, Forest Park, and Tower Grove Park.
The building totals 3,400 square feet and includes four one-bedroom units, with one unit currently vacant and suitable for an owner-occupant.
The property is located in the Southwest Garden neighborhood and is described as being just minutes from several area destinations, including Missouri Botanical Garden, Barnes Hospital, WashU Medical School, Forest Park, and Tower Grove Park.
The building totals 3,400 square feet and includes four one-bedroom units, with one unit currently vacant and suitable for an owner-occupant.
Key Highlights
- 1925‑built four‑family building with 3,400 sq. ft. total and four large 1‑bedroom units (~800 sq. ft. each).
- One unit is currently vacant, offering an option for an owner‑occupant while others remain rented/updated.
- Each unit has central heating and cooling.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,358
Cap Rate
6.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$727,160
$727.2K
Cap Rate 7%
$519,400
$519.4K
Cap Rate 9%
$403,978
$404.0K
Market Conditions
NOI Build-Up for 3,400 SF
Gross rent
$55.1K $16.20/SF
− Vacancy
−$3.1K −$0.92/SF
EGI
$51.9K $15.28/SF
− OpEx
−$15.6K −$4.58/SF
NOI
$36.4K $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%
$727,160
Cap Rate 7%
$519,400
Cap Rate 9%
$403,978
Alternative Uses
Best Use
Multifamily LT 5
$519.4K
$454.5K – $606.0K
NOI $36,358 @ 7.0% cap · market cap 6.99%
Second Best
Apartment 5plus
$452.0K
$395.5K – $527.3K
NOI $31,640 @ 7.0% cap · market cap 6.08%
Theoretical Best
Office A
$729.7K
$638.5K – $851.3K
NOI $51,079 @ 7.0% cap · market cap 9.82%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
75%
Occupancy
Multi-tenant
Tenancy
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Quadplex - Well-maintained four-unit building with central heat and cooling, laundry hook-ups, and rear tenant parking.
Where is this quadplex located?
The property is located at 2116 Portis Ave Saint Louis, MO.
What is the asking price?
The asking price for this property is $520,000.
What are key features of this property?
This property features: 1925‑built four‑family building with 3,400 sq. ft. total and four large 1‑bedroom units (~800 sq. ft. each).; One unit is currently vacant, offering an option for an owner‑occupant while others remain rented/updated.; Each unit has central heating and cooling.
