Four-Unit Multifamily
For Sale
$680,000
3430 Grace Ave, Saint Louis, MO 63116
Three units are occupied, while the remaining unit is vacant.
Property Size4,424 SF
Price / SF$153.71
Days on Market16
Property Features for 3430 Grace Ave
General Information
Standard status
Active
Size
4,424 SF
Property subtype
Residential Income
Additional Details
Gross Income
$53,640
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$6,361
Listing Agency:
RE/MAX Integrity
(314) 842-2277
Listed By:
Amaris Williams · License #2021045775
(314) 494-3021
Source:
Exprealty
Added: Sep 29
Changed: Oct 11
Last Checked: Oct 12 at 11:18PM
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 RE/MAX Integrity
Investment Insights
Based on property information with market context.
This 4,424-square-foot multifamily property is configured as a four-unit building. Three units are occupied, and one is vacant.
The property is near grocery stores, restaurants, entertainment, Saint Louis University, and Tower Grove Park in the South City area of Saint Louis.
The property is near grocery stores, restaurants, entertainment, Saint Louis University, and Tower Grove Park in the South City area of Saint Louis.
Key Highlights
- Four‑unit multifamily property
- 4,424 square feet
- Three units occupied; one unit vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,309
Cap Rate
6.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$946,180
$946.2K
Cap Rate 7%
$675,843
$675.8K
Cap Rate 9%
$525,656
$525.7K
Market Conditions
NOI Build-Up for 4,424 SF
Gross rent
$71.7K $16.20/SF
− Vacancy
−$4.1K −$0.92/SF
EGI
$67.6K $15.28/SF
− OpEx
−$20.3K −$4.58/SF
NOI
$47.3K $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%
$946,180
Cap Rate 7%
$675,843
Cap Rate 9%
$525,656
Alternative Uses
Best Use
Multifamily LT 5
$675.8K
$591.4K – $788.5K
NOI $47,309 @ 7.0% cap · market cap 6.96%
Second Best
Apartment 5plus
$588.1K
$514.6K – $686.2K
NOI $41,170 @ 7.0% cap · market cap 6.05%
Theoretical Best
Office A
$949.5K
$830.8K – $1.11M
NOI $66,463 @ 7.0% cap · market cap 9.77%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,061
Businesses Nearby
Explore this area
Business Placement
Demographics for 63116, MO
41,959
Population
22,394
Households
1.9
Avg Household Size
37
Median Age
37%
College-Educated
90%
High-School Grad
5.4 sq mi
ZIP Area
7,770
Density / Sq Mi
$60,193
Median Household Income
$42,012
Median Earnings
$946
Median Rent
$161,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - Three units are occupied, while the remaining unit is vacant.
Where is this quadplex located?
The property is located at 3430 Grace Ave Saint Louis, MO.
What is the asking price?
The asking price for this property is $680,000.
What are key features of this property?
This property features: Four‑unit multifamily property; 4,424 square feet; Three units occupied; one unit vacant
