Brick Quadplex with Owner-Occupant
For Sale
$525,000
3004-3006 Henrietta Street St, Louis, MO 63104
Residential Income, St Louis, MO
Property Size4,950 SF
Lot Size0.13 Acres
Price / SF$106.06
Days on Market20
Property Features for 3004-3006 Henrietta Street St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
10
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 7, Bedroom 5, Bedroom 3, Bedroom 1, Bedroom 9, Bedroom 10, Bathroom 4, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 2, Bedroom 6, Basement, Bedroom 8, Bedroom 4
Parking features
On Street
Window features
Double Pane Windows
Basement
Unfinished, Full
Subdivision
St Louis Commons Add
Elementary school
Hodgen Elem.
Middle school
Long Middle Community Ed. Center
High school
Vashon High
Elementary school district
St. Louis City
Middle school district
St. Louis City
High school district
St. Louis City
Standard status
Active
APN
2127-00-0080-0
Size
4,950 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
C. B. 2127 HENRIETTA 54 FT 4 IN X 104 FT 10 1/4 IN /105.03 FT ST LOUIS COMMONS ADDN BLK 7 BD E 36 FT 7 IN W WL OF PENNSYLVNIA
Tax Annual Amount
3376
Legal Description
C. B. 2127 HENRIETTA 54 FT 4 IN X 104 FT 10 1/4 IN /105.03 FT ST LOUIS COMMONS ADDN BLK 7 BD E 36 FT 7 IN W WL OF PENNSYLVNIA
Utilities
Utilities
Cable Available
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1905
Floors in Building
2
Number of units
4
Flooring type
Laminate, Tile
Building materials
Brick, Stone
Architectural style
Other
Listing Agency:
RedKey Realty Leaders Circa
(314) 352-5200
Listed By:
Christopher Thiemet
(314) 692-7200
Added: Aug 11
Changed: Aug 29
Last Checked: Aug 30 at 6:06PM
MLS# 26048436
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.
Investment Insights
Based on property information with market context.
Constructed in 1905, this 4,950-square-foot brick and stone quadplex contains four apartments within a 0.1289-acre parcel. The unit mix includes two 2-bedroom, 1-bath units on the main level and two 3-bedroom, 1-bath units upstairs. Each apartment includes a large living room, eat-in kitchen, pantry, updated bathroom, and substantial closet storage. Central air conditioning and forced-air heat serve all four units, with vinyl windows, updated circuit breaker panels, sewer stack improvements, and one newer HVAC unit among the property updates. One first-floor 2-bedroom apartment is available for an owner occupant at closing.
The property is located at 3004-3006 Henrietta Street in St Louis, Missouri, between highways 44 and 40. South Grand, Tower Grove Park, Lafayette Square, and the Central West End are identified as nearby areas. On-street parking and public water service are provided.
The property is located at 3004-3006 Henrietta Street in St Louis, Missouri, between highways 44 and 40. South Grand, Tower Grove Park, Lafayette Square, and the Central West End are identified as nearby areas. On-street parking and public water service are provided.
Key Highlights
- Four‑unit apartment building with two 2‑bedroom and two 3‑bedroom units
- 4,950 square feet on a 0.1289‑acre parcel
- One first‑floor 2‑bedroom unit available for owner occupancy at closing
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$46,065
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.77%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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 10.08%
Second Best
Apartment 5plus
$658.1K
$575.8K – $767.8K
NOI $46,065 @ 7.0% cap · market cap 8.77%
Theoretical Best
Office A
$1.06M
$929.6K – $1.24M
NOI $74,365 @ 7.0% cap · market cap 14.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four apartment units feature spacious layouts, updated bathrooms, central HVAC, and one first-floor unit available for owner occupancy.
Where is this quadplex located?
The property is located at 3004-3006 Henrietta Street St Louis, MO.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Four‑unit apartment building with two 2‑bedroom and two 3‑bedroom units; 4,950 square feet on a 0.1289‑acre parcel; One first‑floor 2‑bedroom unit available for owner occupancy at closing
