4-Unit Apartment
New
For Sale
$515,000
3004-3006 Henrietta St, Saint Louis, MO 63104
The unit mix includes first-floor two-bedroom apartments and upper-level three-bedroom apartments, with one first-floor unit available for occupancy.
Property Size4,950 SF
Price / SF$104.04
Days on Market2
Property Features for 3004-3006 Henrietta St
General Information
Standard status
Active
Size
4,950 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA, 2 x 3BR/1BA
Multifamily Units
4
Additional Details
Highway Access
Yes
Building Details
Year Built
1905
Buildings
1
Listing Agency:
Midwest Land Group LLC
Listed By:
Strait Realty
(314) 441-4444
Source:
Straitrealty
Added: Oct 19
Last Checked: Oct 19 at 2:25PM
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 Midwest Land Group LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1905, this 4,950-square-foot apartment building contains four units: two two-bedroom, one-bath apartments on the main level and two three-bedroom, one-bath apartments upstairs. One first-floor unit is available for an owner occupant at closing. Apartments feature tall ceilings, large living rooms, eat-in kitchens with pantries, updated bathrooms and generous closet space. Central air conditioning and heating serve each unit; improvements include vinyl windows, newer circuit breaker panels, work to the sewer stack and one newer HVAC unit.
The property is in St. Louis’s Gate District, between Highways 44 and 40. South Grand, Tower Grove Park, Lafayette Square and the Central West End are among the nearby areas identified in the property information.
The property is in St. Louis’s Gate District, between Highways 44 and 40. South Grand, Tower Grove Park, Lafayette Square and the Central West End are among the nearby areas identified in the property information.
Key Highlights
- Four apartments totaling 4,950 square feet
- Two 2‑bedroom/1‑bath units on the main level and two 3‑bedroom/1‑bath units upstairs
- One first‑floor 2‑bedroom unit available for owner occupancy at closing
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,065
Cap Rate
8.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$921,300
$921.3K
Cap Rate 7%
$658,071
$658.1K
Cap Rate 9%
$511,833
$511.8K
Market Conditions
NOI Build-Up for 4,950 SF
Gross rent
$89.1K $18.00/SF
− Vacancy
−$5.3K −$1.08/SF
EGI
$83.8K $16.92/SF
− OpEx
−$37.7K −$7.61/SF
NOI
$46.1K $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%
$921,300
Cap Rate 7%
$658,071
Cap Rate 9%
$511,833
Alternative Uses
Best Use
Multifamily LT 5
$756.2K
$661.7K – $882.2K
NOI $52,933 @ 7.0% cap · market cap 10.28%
Second Best
Apartment 5plus
$658.1K
$575.8K – $767.8K
NOI $46,065 @ 7.0% cap · market cap 8.94%
Theoretical Best
Office A
$1.06M
$929.6K – $1.24M
NOI $74,365 @ 7.0% cap · market cap 14.44%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,232
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
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Quadplex - The unit mix includes first-floor two-bedroom apartments and upper-level three-bedroom apartments, with one first-floor unit available for occupancy.
Where is this quadplex located?
The property is located at 3004-3006 Henrietta 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 apartments totaling 4,950 square feet; Two 2‑bedroom/1‑bath units on the main level and two 3‑bedroom/1‑bath units upstairs; One first‑floor 2‑bedroom unit available for owner occupancy at closing
