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    3956 Pennsylvania Avenue St Louis, MO 63118

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    Claim this Listing
    New
    For Sale
    $359,900

    Traditional, 2-4 Units - St Louis, MO

    Property size:
    2,886 SF
    Lot size:
    0.06 Acres
    Price / SF:
    $124/SF
    Added:
    May 4, 2026
    Days on Market:
    4
    Last Refresh:
    May 7 at 6:06 pm

    Property Features for 3956 Pennsylvania Avenue St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Rooms
    Basement
    Basement Y/N
    1
    Standard status
    Active
    APN
    2570-00-0005-0
    Size
    2,886 SF
    Lot size
    0.06 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    671

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1927
    Number of units
    4
    Building materials
    Brick
    Architectural style
    New Traditional

    We can help!

    Listing Contact
    Anthony Schreiber

    Listing agent Anthony Schreiber License #2023017404

    Listing office EXP Realty, LLC 3636 S Geyer Rd Ste 100, Overland Park, MO

    Listing date May 4, 2026

    MLS# 26027413 Listing URL

    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.

    HighLights

    • Fully renovated building with all major systems replaced in 2024‑2025
    • Opportunity for owner‑occupancy with one unit vacant at closing
    • Immediate rental income upside with current rents below market value
    • Updated units featuring luxury vinyl plank flooring, butcher block countertops, stainless steel appliances, and tiled bathrooms
    • Roof repaired in 2024
    • Durable brick construction with basement

    Overview

    Renovated Four-Unit Building in St. Louis

    This fully renovated four-unit building features a consistent layout of two bedrooms and one bathroom in each unit. Major systems, including plumbing, electrical, HVAC, windows, and water heaters, were replaced between 2024 and 2025. The roof was repaired in 2024. Each unit includes luxury vinyl plank flooring, updated kitchens with butcher block countertops and stainless steel appliances, and bathrooms with tile floors and tile shower surrounds. Three units are currently leased at $995 per month. One tenant will vacate before closing, offering an opportunity for an owner-occupant. Comparable two-bedroom units in the area are renting for $1,100 to $1,200 or more, providing potential upside as leases renew. This property, situated on a 0.0622-acre lot, is suitable for an owner-occupant or buy-and-hold investor. The building has a total area of 2,886 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Map

    City
    Louis
    County
    St. Louis
    State
    Missouri
    Longitude
    -90.235423
    Latitude
    38.583656

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    FAQs

    What type of property is this?
    Quadplex - Fully renovated four-unit building with updated systems and tenant occupancy.
    Where is this quadplex located?
    The property is located at 3956 Pennsylvania Avenue St Louis, MO.
    What is the asking price?
    The asking price for this property is $359,900.
    What are key features of this property?
    This property features: Fully renovated building with all major systems replaced in 2024‑2025; Opportunity for owner‑occupancy with one unit vacant at closing; Immediate rental income upside with current rents below market value
    (217) 419-2251
    We can help!
    Listing Contact
    Anthony Schreiber
    Real Estate License ID: 2023017404
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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