Four-Unit Brick Apartment
For Sale
$298,000
3733 Oregon Avenue, Saint Louis, MO 63118
Residential Income, St Louis, MO
Property Size2,480 SF
Lot Size0.07 Acres
Price / SF$120.16
Days on Market47
Property Features for 3733 Oregon Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
Security features
Security Lighting
Elementary school
Froebel Elem.
Middle school
Long Middle Community Ed. Center
High school
Roosevelt High
Elementary school district
St. Louis City
Middle school district
St. Louis City
High school district
St. Louis City
Directions
Use Showing Time
Subdivision
Tower Grove South
Standard status
Active
APN
1634-00-0235-0
Size
2,480 SF
Lot size
0.07 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
236
Utilities
Heating system
Natural Gas
Cooling system
Central Air, Window Unit(s)
Water source
Public
Amenities
ADA ramp
a/c window units
Building Details
Year built
1887
Building materials
Brick
Architectural style
Other
Listing Agency:
EXP Realty, LLC
(866) 224-1761
Listed By:
Jared Smith
(636) 439-9893
Added: Sep 14
Changed: Oct 29
Last Checked: Oct 30 at 1:06PM
MLS# 26059180
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.
Located at 3733 Oregon Avenue in St. Louis, this four-unit apartment property contains 2,480 square feet on a 0.073-acre parcel. The brick building dates to 1887 and includes a basement, public water service, and natural-gas heating. Recent improvements include new water heaters and interior paint, while an ADA ramp provides accessible entry.
All four apartments are occupied under leases extending into next spring or summer, with automatic rent increases incorporated into the leases. Tenants are billed directly for utilities, reducing the owner’s utility-management responsibilities. The property reports an 11% cap rate and is positioned in the 63118 postal area of St. Louis City.
All four apartments are occupied under leases extending into next spring or summer, with automatic rent increases incorporated into the leases. Tenants are billed directly for utilities, reducing the owner’s utility-management responsibilities. The property reports an 11% cap rate and is positioned in the 63118 postal area of St. Louis City.
Key Highlights
- Four apartment units within a 2,480‑square‑foot building
- All four units leased through next spring or summer
- 11% cap rate reported
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,520
Cap Rate
8.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$530,400
$530.4K
Cap Rate 7%
$378,857
$378.9K
Cap Rate 9%
$294,667
$294.7K
Market Conditions
NOI Build-Up for 2,480 SF
Gross rent
$40.2K $16.20/SF
− Vacancy
−$2.3K −$0.92/SF
EGI
$37.9K $15.28/SF
− OpEx
−$11.4K −$4.58/SF
NOI
$26.5K $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%
$530,400
Cap Rate 7%
$378,857
Cap Rate 9%
$294,667
Alternative Uses
Best Use
Multifamily LT 5
$378.9K
$331.5K – $442.0K
NOI $26,520 @ 7.0% cap · market cap 8.90%
Second Best
Apartment 5plus
$329.7K
$288.5K – $384.7K
NOI $23,079 @ 7.0% cap · market cap 7.74%
Theoretical Best
Office A
$532.3K
$465.7K – $621.0K
NOI $37,258 @ 7.0% cap · market cap 12.50%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,322
Businesses Nearby
Explore this area
Business Placement
Demographics for 63118, MO
25,194
Population
14,770
Households
1.7
Avg Household Size
34
Median Age
38%
College-Educated
87%
High-School Grad
3.4 sq mi
ZIP Area
7,410
Density / Sq Mi
$57,268
Median Household Income
$44,717
Median Earnings
$952
Median Rent
$210,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Quadplex - Fully leased multifamily property with updated water heaters, tenant-billed utilities, and accessible entry improvements.
Where is this quadplex located?
The property is located at 3733 Oregon Avenue Saint Louis, MO.
What is the asking price?
The asking price for this property is $298,000.
What are key features of this property?
This property features: Four apartment units within a 2,480‑square‑foot building; All four units leased through next spring or summer; 11% cap rate reported
