Occupied Quadplex with In-Unit
For Sale
$565,000
4126 Mcree Ave, Saint Louis, MO 63110
Fully occupied four-unit property with private laundry areas, basement storage, and rear off-street parking.
Property Size3,570 SF
Price / SF$158.26
Days on Market12
Property Features for 4126 Mcree Ave
General Information
Standard status
Active
Size
3,570 SF
Total Parking Spaces
4
Property subtype
Residential Income
Occupancy
100%
Units
Unit Mix
4 x 1BR/1BA
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$1,784
Amenities
in-unit laundry
basement storage
Building Details
Buildings
1
Listing Agency:
The Hermann London Group LLC
(314) 802-0797
Listed By:
Nidhi Soni · License #2014008871
(314) 276-4154
Source:
Exprealty
Added: Sep 16
Changed: Sep 26
Last Checked: Sep 26 at 1:14PM
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 The Hermann London Group LLC
Investment Insights
Based on property information with market context.
This 3,570-square-foot quadplex contains four approximately 650-square-foot units, each arranged with a living room, kitchen, bathroom, one bedroom, and a private in-unit laundry area. The property is 100% occupied and also includes basement storage plus private rear parking for four vehicles.
Electrical panels and plumbing were replaced within the last 6–8 years. The property is located near Botanical Heights and Forest Park Southeast, with restaurants and the Missouri Botanical Garden within walking distance. Tower Grove Park and the Washington University Medical Campus are also nearby, providing access to established neighborhood amenities and employment destinations.
Electrical panels and plumbing were replaced within the last 6–8 years. The property is located near Botanical Heights and Forest Park Southeast, with restaurants and the Missouri Botanical Garden within walking distance. Tower Grove Park and the Washington University Medical Campus are also nearby, providing access to established neighborhood amenities and employment destinations.
Key Highlights
- 3,570 SF quadplex with four approximately 650 SF units
- 100% occupied
- Each unit includes 1 bedroom, 1 bathroom, living room, kitchen, and private in‑unit laundry
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
$38,176
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
6.76%
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%
$763,520
$763.5K
Cap Rate 7%
$545,371
$545.4K
Cap Rate 9%
$424,178
$424.2K
Market Conditions
NOI Build-Up for 3,570 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
$57.8K $16.20/SF
− Vacancy
−$3.3K −$0.92/SF
EGI
$54.5K $15.28/SF
− OpEx
−$16.4K −$4.58/SF
NOI
$38.2K $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 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%
$763,520
Cap Rate 7%
$545,371
Cap Rate 9%
$424,178
Alternative Uses
Best Use
Multifamily LT 5
$545.4K
$477.2K – $636.3K
NOI $38,176 @ 7.0% cap · market cap 6.76%
Second Best
Apartment 5plus
$474.6K
$415.3K – $553.7K
NOI $33,222 @ 7.0% cap · market cap 5.88%
Theoretical Best
Office A
$766.2K
$670.4K – $893.9K
NOI $53,633 @ 7.0% cap · market cap 9.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
610
Businesses Nearby
Explore this area
Business Placement
Demographics for 63110, MO
18,199
Population
10,260
Households
1.8
Avg Household Size
33
Median Age
64%
College-Educated
97%
High-School Grad
6.6 sq mi
ZIP Area
2,757
Density / Sq Mi
$73,809
Median Household Income
$55,340
Median Earnings
$1,183
Median Rent
$314,600
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 - Fully occupied four-unit property with private laundry areas, basement storage, and rear off-street parking.
Where is this quadplex located?
The property is located at 4126 Mcree Ave Saint Louis, MO.
What is the asking price?
The asking price for this property is $565,000.
What are key features of this property?
This property features: 3,570 SF quadplex with four approximately 650 SF units; 100% occupied; Each unit includes 1 bedroom, 1 bathroom, living room, kitchen, and private in‑unit laundry
