4-Unit Building with
For Sale
$460,000
3400 Lawn Ave, Saint Louis, MO 63139
Income-producing property with dedicated parking and substantial storage capacity.
Property Size3,440 SF
Price / SF$133.72
Days on Market29
Property Features for 3400 Lawn Ave
General Information
Standard status
Active
Size
3,440 SF
Total Parking Spaces
3
Property subtype
Residential Income
Occupancy
100%
Units
Unit Mix
4 x 1BR/1BA
Multifamily Units
4
Additional Details
Gross Income
$55,200
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$5,044
Listing Agency:
Salient Realty Group, LLC
(618) 567-8346
Listed By:
James Anderson · License #2019046652
(618) 567-8346
Source:
Exprealty
Added: Aug 2
Changed: Aug 29
Last Checked: Aug 29 at 6:21PM
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 Salient Realty Group, LLC
Investment Insights
Based on property information with market context.
Located at 3400 Lawn Ave in Saint Louis, this 3,440-square-foot quadplex contains four one-bedroom, one-bathroom units. The property is fully income-producing and configured as a four-family residential asset.
Parking and storage are provided by a detached two-car garage and an additional single-car garage positioned at the rear of the property. The North Hampton setting places the building near parks, restaurants, shopping, and major highways, with access to the surrounding South St. Louis area.
Parking and storage are provided by a detached two-car garage and an additional single-car garage positioned at the rear of the property. The North Hampton setting places the building near parks, restaurants, shopping, and major highways, with access to the surrounding South St. Louis area.
Key Highlights
- Four 1‑bedroom, 1‑bathroom units in a quadplex configuration
- 3,440 SF residential income property
- Detached 2‑car garage included
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
$36,786
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
8.00%
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%
$735,720
$735.7K
Cap Rate 7%
$525,514
$525.5K
Cap Rate 9%
$408,733
$408.7K
Market Conditions
NOI Build-Up for 3,440 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
$55.7K $16.20/SF
− Vacancy
−$3.2K −$0.92/SF
EGI
$52.6K $15.28/SF
− OpEx
−$15.8K −$4.58/SF
NOI
$36.8K $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 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%
$735,720
Cap Rate 7%
$525,514
Cap Rate 9%
$408,733
Alternative Uses
Best Use
Multifamily LT 5
$525.5K
$459.8K – $613.1K
NOI $36,786 @ 7.0% cap · market cap 8.00%
Second Best
Apartment 5plus
$457.3K
$400.2K – $533.6K
NOI $32,013 @ 7.0% cap · market cap 6.96%
Theoretical Best
Office A
$738.3K
$646.0K – $861.3K
NOI $51,680 @ 7.0% cap · market cap 11.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
778
Businesses Nearby
Explore this area
Business Placement
Demographics for 63139, MO
21,971
Population
12,187
Households
1.8
Avg Household Size
38
Median Age
49%
College-Educated
96%
High-School Grad
3.8 sq mi
ZIP Area
5,782
Density / Sq Mi
$74,749
Median Household Income
$52,298
Median Earnings
$1,086
Median Rent
$199,400
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 - Income-producing property with dedicated parking and substantial storage capacity.
Where is this quadplex located?
The property is located at 3400 Lawn Ave Saint Louis, MO.
What is the asking price?
The asking price for this property is $460,000.
What are key features of this property?
This property features: Four 1‑bedroom, 1‑bathroom units in a quadplex configuration; 3,440 SF residential income property; Detached 2‑car garage included
