Brick 4-Unit
For Sale
$320,000
3914 Chippewa Street St, Louis, MO 63116
MULTI_FAMILY - Other - St Louis, MO
Property Size3,128 SF
Lot Size0.13 Acres
Price / SF$102.30
Days on Market8
Property Features for 3914 Chippewa Street St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 1, Bathroom 3, Bathroom 4, Bedroom 4, Bedroom 2, Bathroom 1, Basement, Bedroom 3, Bathroom 2
Window features
Wood Frames
Interior features
Ceiling Fan(s)
Fencing
Chain Link
Basement
Unfinished
Appliances
Gas Oven, Refrigerator
Subdivision
Grand Gravois Park
Lot features
Level
Elementary school
Oak Hill 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
GPS friendly.
Standard status
Active
APN
4175-00-0100-0
Size
3,128 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2893
Utilities
Utilities
Cable Available
Heating system
Forced Air, Natural Gas
Cooling system
Ceiling Fan(s), Wall/Window Unit(s), Central Air, Window Unit(s)
Water source
Public
Amenities
rear parking pad
Building Details
Year built
1939
Floors in Building
2
Number of units
4
Flooring type
Hardwood
Building materials
Brick
Roof type
Shingle
Architectural style
Other
Listing Agency:
Mogul Realty
(314) 865-1170
Listed By:
Brian Miller · License #2016012615
(314) 865-1170
Added: Aug 14
Changed: Aug 15
Last Checked: Aug 21 at 3:06AM
MLS# 26031939
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.
This 4-unit residential property contains 3,128 square feet on a 0.1313-acre lot in St. Louis. Built in 1939, the building has brick construction, hardwood flooring, forced-air natural gas heat, and a shingle roof. Cooling includes central air and wall or window units. One unit is vacant, while three are occupied. Recent work includes replacement of all water heaters and sewer lateral repairs. The property also includes a basement, chain-link fencing, and a rear parking pad.
Located at 3914 Chippewa Street in St. Louis, the property is near Civil Life Brewery and Friendly's, with access to public water and cable availability. Interior features include ceiling fans, gas ovens, and refrigerators.
Located at 3914 Chippewa Street in St. Louis, the property is near Civil Life Brewery and Friendly's, with access to public water and cable availability. Interior features include ceiling fans, gas ovens, and refrigerators.
Key Highlights
- 4‑unit residential property with 3,128 square feet
- 0.1313‑acre lot at 3914 Chippewa Street, St. Louis, MO 63116
- Brick construction dating to 1939 with a shingle roof
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
$29,109
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
9.10%
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%
$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
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
$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 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%
$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.
Property Analytics
Current Use
Lease Details
4
Residential units
75%
Occupancy
Multi-tenant
Tenancy
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
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 residential units include one vacancy, updated water heaters, and rear parking.
Where is this quadplex located?
The property is located at 3914 Chippewa Street St 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: 4‑unit residential property with 3,128 square feet; 0.1313‑acre lot at 3914 Chippewa Street, St. Louis, MO 63116; Brick construction dating to 1939 with a shingle roof
