Updated Four-Unit
For Sale
$515,000
2301 S 11th St, Saint Louis, MO 63104
Two one-bedroom and two two-bedroom units are occupied under long-term leases.
Property Size3,600 SF
Price / SF$143.06
Days on Market51
Property Features for 2301 S 11th St
General Information
Standard status
Active
Size
3,600 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
2 x 1BR, 2 x 2BR
Multifamily Units
4
Additional Details
Gross Income
$47,760
Amenities
courtyard
Building Details
Year Built
1888
Buildings
1
Tenancy
Multi
Listing Agency:
Nettwork Global
Listed By:
Joe Geary · License #2018025898
(314) 403-3283
Source:
Gracestreetrealty
Added: Aug 26
Changed: Oct 4
Last Checked: Oct 7 at 2:43PM
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
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Investment Insights
Based on property information with market context.
Located at 2301 S 11th St in Saint Louis, this 3,600-square-foot quadplex contains four residential units with a balanced mix of two one-bedroom and two two-bedroom layouts. The units have been updated, and all are occupied under long-term leases.
The property includes a rear courtyard that provides shared outdoor space for residents. An exterior stairwell serves the upper units. Its Soulard setting places the building near restaurants, entertainment, parks, and other neighborhood amenities.
The property includes a rear courtyard that provides shared outdoor space for residents. An exterior stairwell serves the upper units. Its Soulard setting places the building near restaurants, entertainment, parks, and other neighborhood amenities.
Key Highlights
- Four‑unit quadplex with two 1‑bedroom units and two 2‑bedroom units
- 3,600 square feet of residential property
- All four units occupied with long‑term leases
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,497
Cap Rate
7.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$769,940
$769.9K
Cap Rate 7%
$549,957
$550.0K
Cap Rate 9%
$427,744
$427.7K
Market Conditions
NOI Build-Up for 3,600 SF
Gross rent
$58.3K $16.20/SF
− Vacancy
−$3.3K −$0.92/SF
EGI
$55.0K $15.28/SF
− OpEx
−$16.5K −$4.58/SF
NOI
$38.5K $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%
$769,940
Cap Rate 7%
$549,957
Cap Rate 9%
$427,744
Alternative Uses
Best Use
Multifamily LT 5
$550.0K
$481.2K – $641.6K
NOI $38,497 @ 7.0% cap · market cap 7.48%
Second Best
Apartment 5plus
$478.6K
$418.8K – $558.4K
NOI $33,502 @ 7.0% cap · market cap 6.51%
Theoretical Best
Office A
$772.6K
$676.1K – $901.4K
NOI $54,084 @ 7.0% cap · market cap 10.50%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,023
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Quadplex - Two one-bedroom and two two-bedroom units are occupied under long-term leases.
Where is this quadplex located?
The property is located at 2301 S 11th St Saint Louis, MO.
What is the asking price?
The asking price for this property is $515,000.
What are key features of this property?
This property features: Four‑unit quadplex with two 1‑bedroom units and two 2‑bedroom units; 3,600 square feet of residential property; All four units occupied with long‑term leases
