4-Unit Multifamily
2351 Menard Street, Saint Louis, MO 63104
For Sale
New
$599,900
Residential Income, St Louis, MO
Property Size1,941 SF
Lot Size0.05 Acres
Price / SF$309.07
Days on Market3
Property Features for 2351 Menard Street
General Information
Property type
Property subtype
Rooms
Interior features
Appliances
Subdivision
Lot features
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Heating system
Cooling system
Water source
Amenities
in-unit laundry
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Architectural style
Buildings
Listing Agency:
The Agency
(314) 677-1477
Listed By:
Justin Taylor · License MO #2007032934
(314) 280-9996
Added: Nov 13
Changed: Nov 14
Last Checked: Nov 15 at 3:06PM
MLS# 26071840
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.
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Investment Insights
Based on property information with market context.
This 1,941-square-foot brick quadplex contains four one-bedroom, one-and-a-half-bath units, with living areas separated from upstairs bedrooms. Two units have been renovated and furnished for short- or midterm stays; a third has updates and is used as a long-term rental. The remaining unit retains its original condition and has a long-term tenant. Three units have new appliances, and two have new HVAC systems. Other work includes gutter replacement and structural repairs to exterior steps and decks. In-unit laundry serves the building, and a two-car garage is located behind it.
Key Highlights
- Four one‑bedroom, one‑and‑a‑half‑bath units in 1,941 square feet
- Two units renovated and furnished for short- or midterm stays
- One updated unit and one original‑condition unit, both with long‑term tenants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,756
Cap Rate
3.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$415,120
$415.1K
Cap Rate 7%
$296,514
$296.5K
Cap Rate 9%
$230,622
$230.6K
Market Conditions
NOI Build-Up for 1,941 SF
Gross rent
$31.4K $16.20/SF
− Vacancy
−$1.8K −$0.92/SF
EGI
$29.7K $15.28/SF
− OpEx
−$8.9K −$4.58/SF
NOI
$20.8K $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 Rate 5%
$415,120
Cap Rate 7%
$296,514
Cap Rate 9%
$230,622
Alternative Uses
Best Use
Multifamily LT 5
$296.5K
$259.5K – $345.9K
NOI $20,756 @ 7.0% cap · market cap 3.46%
Second Best
Apartment 5plus
$258.0K
$225.8K – $301.1K
NOI $18,063 @ 7.0% cap · market cap 3.01%
Theoretical Best
Office A
$416.6K
$364.5K – $486.0K
NOI $29,160 @ 7.0% cap · market cap 4.86%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
966
Businesses Nearby
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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
$249,500
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in St. Louis County, MO
Properties on Market for Quadplexes in St. Louis County
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Quadplex - The building combines updated and original rental units with in-unit laundry and a detached two-car garage.
Where is this quadplex located?
The property is located at 2351 Menard Street 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 one‑bedroom, one‑and‑a‑half‑bath units in 1,941 square feet; Two units renovated and furnished for short- or midterm stays; One updated unit and one original‑condition unit, both with long‑term tenants
