Four-Unit Residential Income
2116 Portis Ave Saint Louis, MO 63110
New
For Sale
$520,000
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 Market4
Property Features for 2116 Portis Ave
General Information
Standard status
Active
Size
3,400 SF
Property subtype
Multifamily
Building Details
Year Built
1925
Listing Agency:
Invest St. Louis
(314) 662-6453
Listed By:
Mike Shepherd · License #2010038439
Source:
Investstl
Added: Jul 24
Changed: Jul 25
Last Checked: Jul 27 at 2:32AM
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
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 For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $55.1k | $16.20 |
| − Vacancy | −$3.1k | −$0.92 |
| EGI | $51.9k | $15.28 |
| − OpEx | −$15.6k | −$4.58 |
| NOI | $36.4k | $10.69 |
3,400 SF · lease $16.20/SF/yr · vacancy 5.70% · expense 30.00%
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.
Property Analytics
Location Intelligence
Current Use
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.
