Brick Quadplex with In-Unit
For Sale
$565,000
4126 McRee Avenue St, Louis, MO 63110
Residential Income, St Louis, MO
Property Size3,570 SF
Lot Size0.13 Acres
Price / SF$158.26
Days on Market12
Property Features for 4126 McRee Avenue St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bedroom 4, Bathroom 3, Bedroom 2, Bathroom 2, Bedroom 3, Bathroom 4, Bedroom 1, Basement
Interior features
Ceiling Fan(s), Open Floorplan, Solid Surface Countertop(s), Stone Counters
Basement
Sump Pump, Full
Appliances
Stainless Steel Appliance(s), Dishwasher, Disposal, Free-Standing Electric Oven, Refrigerator, Washer/Dryer Stacked, Water Heater
Subdivision
Shaws Lafayette Ave Add 3
Elementary school
Adams Elem.
Middle school
Elias Michael Elem.
High school
Vashon High
Elementary school district
St. Louis City
Middle school district
St. Louis City
High school district
St. Louis City
Standard status
Active
APN
5442-00-0140-1
Size
3,570 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
C.B.5442 MCREE AVE 42 FT 6 IN X 131 FT SHAW LAFAYETTE 3RD ADDN LOT 8 W-7 E-9
Tax Annual Amount
1784
Legal Description
C.B.5442 MCREE AVE 42 FT 6 IN X 131 FT SHAW LAFAYETTE 3RD ADDN LOT 8 W-7 E-9
Utilities
Utilities
Cable Available
Heating system
Forced Air, Hot Water(Heating)
Cooling system
Electric, Ceiling Fan(s), Central Air
Water source
Public
Amenities
in-unit laundry
basement storage
Building Details
Year built
1922
Floors in Building
2
Number of units
4
Building materials
Brick, Stone
Roof type
Flat, Shingle
Architectural style
Other
Listing Agency:
The Hermann London Group LLC
(314) 802-0797
Listed By:
Nidhi Soni · License #2014008871
(314) 276-4154
Added: Sep 16
Changed: Sep 26
Last Checked: Sep 27 at 1:06PM
MLS# 26059676
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 3,570-square-foot brick quadplex contains four approximately 650-square-foot units, each arranged with a bedroom, bathroom, kitchen, living room, and private in-unit laundry area. The property also includes basement storage, four rear off-street parking spaces, and a mix of hot-water and forced-air heating. Electric panels and plumbing were replaced within the last 6–8 years.
Built in 1922 on a 0.1263-acre lot, the building is 100% occupied and located at 4126 McRee Avenue in St. Louis. The property is within walking distance of the WashU Medical Campus and the Missouri Botanical Garden, with Tower Grove Park and neighborhood restaurants nearby. The source information indicates potential for an over 8.0% CAP RATE when rents are increased.
Built in 1922 on a 0.1263-acre lot, the building is 100% occupied and located at 4126 McRee Avenue in St. Louis. The property is within walking distance of the WashU Medical Campus and the Missouri Botanical Garden, with Tower Grove Park and neighborhood restaurants nearby. The source information indicates potential for an over 8.0% CAP RATE when rents are increased.
Key Highlights
- 100% occupied four‑unit property
- 3,570 SF brick building on a 0.1263‑acre lot
- Each unit is approximately 650sf with 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
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four occupied apartments include private laundry areas, basement storage, and rear off-street parking.
Where is this quadplex located?
The property is located at 4126 McRee Avenue St 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: 100% occupied four‑unit property; 3,570 SF brick building on a 0.1263‑acre lot; Each unit is approximately 650sf with private in‑unit laundry
