Apartment Building
4333 N Newstead Ave, Saint Louis, MO 63115
For Sale
$600,000
Multibuilding apartment group with a defined unit mix, existing occupancy, and renovation needs in select vacant units.
Property Size3,744 SF
Price / SF$160.26
Days on Market106
Property Features for 4333 N Newstead Ave
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Buildings
Listing Agency:
Sorkin & Associates, LLC
Listed By:
Richard Sorkin
(314) 368-2463
Source:
Exprealty
Added: Aug 1
Changed: Nov 6
Last Checked: Nov 12 at 10:47AM
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 Sorkin & Associates, LLC
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Investment Insights
Based on property information with market context.
This apartment property comprises 9 buildings, with 2 scheduled for demolition; the group will include 7 buildings and 2 lots. The remaining housing inventory includes 8 two-bedroom units, 10 three-bedroom units, and 2 four-bedroom, 2 1/2-bath townhouses in a building constructed in 2000. Thirteen units are occupied, while vacant units require work. The buildings must be sold together.
A prior rehabilitation program completed about 25 years ago replaced plumbing, electrical systems, windows, roofs, and other components. Certain units have newer HVAC systems, and some buildings have newer roofs. The property experienced damage from the 2025 tornado. MHDC rental restrictions apply, and any new owner and management company must receive MHDC approval. The property is located at 4333 N Newstead Ave in Saint Louis, Missouri.
A prior rehabilitation program completed about 25 years ago replaced plumbing, electrical systems, windows, roofs, and other components. Certain units have newer HVAC systems, and some buildings have newer roofs. The property experienced damage from the 2025 tornado. MHDC rental restrictions apply, and any new owner and management company must receive MHDC approval. The property is located at 4333 N Newstead Ave in Saint Louis, Missouri.
Key Highlights
- 9 buildings with 2 slated for demolition, leaving 7 buildings and 2 lots
- Unit mix includes 8 two‑bedroom, 10 three‑bedroom, and 2 four‑bedroom 2 1/2‑bath townhouses
- 13 units are occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,842
Cap Rate
5.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$696,840
$696.8K
Cap Rate 7%
$497,743
$497.7K
Cap Rate 9%
$387,133
$387.1K
Market Conditions
NOI Build-Up for 3,744 SF
Gross rent
$67.4K $18.00/SF
− Vacancy
−$4.0K −$1.08/SF
EGI
$63.3K $16.92/SF
− OpEx
−$28.5K −$7.61/SF
NOI
$34.8K $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%
$696,840
Cap Rate 7%
$497,743
Cap Rate 9%
$387,133
Alternative Uses
Best Use
Apartment 5plus
$497.7K
$435.5K – $580.7K
NOI $34,842 @ 7.0% cap · market cap 5.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$803.5K
$703.1K – $937.5K
NOI $56,247 @ 7.0% cap · market cap 9.37%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
20
Residential units
Location Intelligence
Trade Area within ½ mile
340
Businesses Nearby
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Business Placement
Demographics for 63115, MO
16,056
Population
10,208
Households
1.6
Avg Household Size
42
Median Age
14%
College-Educated
85%
High-School Grad
4.3 sq mi
ZIP Area
3,734
Density / Sq Mi
$31,898
Median Household Income
$31,467
Median Earnings
$928
Median Rent
$61,600
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in St. Louis County, MO
Properties on Market for Apartment buildings in St. Louis County
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Multibuilding apartment group with a defined unit mix, existing occupancy, and renovation needs in select vacant units.
Where is this apartment building located?
The property is located at 4333 N Newstead Ave Saint Louis, MO.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 9 buildings with 2 slated for demolition, leaving 7 buildings and 2 lots; Unit mix includes 8 two‑bedroom, 10 three‑bedroom, and 2 four‑bedroom 2 1/2‑bath townhouses; 13 units are occupied
