4-Unit Brick
For Sale
$320,000
3914 Chippewa St, Saint Louis, MO 63116
Four apartments feature a pitched roof, a rear parking pad, and recent water heater and sewer lateral work.
Property Size3,128 SF
Price / SF$102.30
Days on Market9
Property Features for 3914 Chippewa St
General Information
Standard status
Active
Size
3,128 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
4
Amenities
rear parking pad
Building Details
Year Built
1939
Buildings
1
Construction
brick
Listing Agency:
Mogul Realty
Listed By:
Brian Miller · License #2016012615
(314) 651-2261
Source:
Nations-network
Added: Oct 7
Changed: Oct 10
Last Checked: Oct 7 at 2:41PM
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 Mogul Realty
Investment Insights
Based on property information with market context.
This 3,128-square-foot, four-unit residential property at 3914 Chippewa St in St. Louis was built in 1939. The brick building has a pitched roof and a parking pad at the rear. Recent work includes replacement of the water heaters and repairs to the sewer lateral.
The property is near Civil Life Brewery and Friendly's. Three units have rent paid by BJC or DePaul, while the remarks identify one apartment as vacant and another as recently leased; unit availability is not described consistently.
The property is near Civil Life Brewery and Friendly's. Three units have rent paid by BJC or DePaul, while the remarks identify one apartment as vacant and another as recently leased; unit availability is not described consistently.
Key Highlights
- Four residential units in a brick building
- 3,128 square feet; built in 1939
- Pitched roof and rear parking pad
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,109
Cap Rate
9.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$582,180
$582.2K
Cap Rate 7%
$415,843
$415.8K
Cap Rate 9%
$323,433
$323.4K
Market Conditions
NOI Build-Up for 3,128 SF
Gross rent
$56.3K $18.00/SF
− Vacancy
−$3.4K −$1.08/SF
EGI
$52.9K $16.92/SF
− OpEx
−$23.8K −$7.61/SF
NOI
$29.1K $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%
$582,180
Cap Rate 7%
$415,843
Cap Rate 9%
$323,433
Alternative Uses
Best Use
Multifamily LT 5
$477.9K
$418.1K – $557.5K
NOI $33,450 @ 7.0% cap · market cap 10.45%
Second Best
Apartment 5plus
$415.8K
$363.9K – $485.2K
NOI $29,109 @ 7.0% cap · market cap 9.10%
Theoretical Best
Office A
$671.3K
$587.4K – $783.2K
NOI $46,993 @ 7.0% cap · market cap 14.69%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
860
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four apartments feature a pitched roof, a rear parking pad, and recent water heater and sewer lateral work.
Where is this quadplex located?
The property is located at 3914 Chippewa St Saint Louis, MO.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: Four residential units in a brick building; 3,128 square feet; built in 1939; Pitched roof and rear parking pad
