Four-Unit Brick
New
For Sale
$475,000
2616 Allen Avenue, Saint Louis, MO 63104
Residential Income, St Louis, MO
Property Size4,464 SF
Lot Size0.14 Acres
Price / SF$106.41
Days on Market2
Property Features for 2616 Allen Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
3
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 3, Bathroom 1, Bedroom 2, Bedroom 1, Bathroom 2, Bedroom 3
Parking features
Offsite
Subdivision
Allens Thomas Western Add
Elementary school
Adams Elem.
Middle school
Blewett Middle
High school
Beaumont Cte High School
Elementary school district
St. Louis City
Middle school district
St. Louis City
High school district
St. Louis City
Standard status
Active
APN
1319-00-0120-0
Size
4,464 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4296
Utilities
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Amenities
in-unit washers and dryers
off-street parking
Building Details
Year built
1894
Number of units
4
Building materials
Brick
Architectural style
Other
Listing Agency:
Realty Exchange · Coldwell Banker Real Estate
(314) 647-2220
Listed By:
Andy Scott · License #2008032735
(314) 323-3831
Added: Oct 15
Changed: Oct 16
Last Checked: Oct 16 at 4:06PM
MLS# 26066171
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 4,464-square-foot brick quadplex, built in 1894, contains four apartments. Two are two-story, townhome-style units with two bedrooms and two full bathrooms apiece; the other two each have one bedroom and one bathroom. Kitchens and bathrooms have been updated, and every unit includes a washer and dryer. The property also has a newer roof and updated plumbing.
Forced-air heating and central air serve the building. The unit mix combines larger two-bedroom layouts with one-bedroom apartments, all within the same residential property.
Forced-air heating and central air serve the building. The unit mix combines larger two-bedroom layouts with one-bedroom apartments, all within the same residential property.
Key Highlights
- Four apartments across 4,464 square feet
- Two two‑story townhome‑style units, each with 2 bedrooms and 2 full bathrooms
- Two apartments with 1 bedroom and 1 bathroom each
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,542
Cap Rate
8.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$830,840
$830.8K
Cap Rate 7%
$593,457
$593.5K
Cap Rate 9%
$461,578
$461.6K
Market Conditions
NOI Build-Up for 4,464 SF
Gross rent
$80.4K $18.00/SF
− Vacancy
−$4.8K −$1.08/SF
EGI
$75.5K $16.92/SF
− OpEx
−$34.0K −$7.61/SF
NOI
$41.5K $9.31/SF
Area
St. Louis County, MO
Vacancy
6.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$830,840
Cap Rate 7%
$593,457
Cap Rate 9%
$461,578
Alternative Uses
Best Use
Multifamily LT 5
$681.9K
$596.7K – $795.6K
NOI $47,736 @ 7.0% cap · market cap 10.05%
Second Best
Apartment 5plus
$593.5K
$519.3K – $692.4K
NOI $41,542 @ 7.0% cap · market cap 8.75%
Theoretical Best
Office A
$958.1K
$838.3K – $1.12M
NOI $67,064 @ 7.0% cap · market cap 14.12%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
787
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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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 - The residence pairs townhome-style units with updated kitchens, in-unit laundry, and a mix of one- and two-bedroom layouts.
Where is this quadplex located?
The property is located at 2616 Allen Avenue Saint Louis, MO.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Four apartments across 4,464 square feet; Two two‑story townhome‑style units, each with 2 bedrooms and 2 full bathrooms; Two apartments with 1 bedroom and 1 bathroom each
