Quadplex with In-Unit
For Sale
$595,000
4344 McRee Avenue St, Louis, MO 63110
Residential Income, St Louis, MO
Property Size3,570 SF
Lot Size0.11 Acres
Price / SF$166.67
Days on Market8
Property Features for 4344 McRee Avenue St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 2, Bathroom 3, Basement, Bedroom 1, Bedroom 4, Bathroom 1, Bathroom 4, Bedroom 5, Bedroom 2, Bedroom 3
Basement
Unfinished, Sump Pump
Appliances
Dishwasher, Free-Standing Electric Oven, Refrigerator, Washer/Dryer
Subdivision
Shaws Vandevnter Ave Add
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
5197-00-0040-1
Size
3,570 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
C. B. 5197 MCREE 42 FT X 110 FT 7 1/2 IN SHAWS VANDEVENTER ADDN BLK 1 LOT W-15 E-16
Tax Annual Amount
822
Legal Description
C. B. 5197 MCREE 42 FT X 110 FT 7 1/2 IN SHAWS VANDEVENTER ADDN BLK 1 LOT W-15 E-16
Utilities
Heating system
Forced Air
Cooling system
Central Air, Ceiling Fan(s)
Amenities
in-unit laundry room
basement storage
Building Details
Year built
1924
Floors in Building
2
Number of units
4
Building materials
Brick, Stone Veneer
Architectural style
Other
Listing Agency:
The Hermann London Group LLC
(314) 802-0797
Listed By:
Nidhi Soni · License #2014008871
(314) 802-0797
Added: Aug 23
Changed: Aug 24
Last Checked: Aug 30 at 5:06PM
MLS# 26030585
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.
Built in 1924, this brick and stone-veneer quadplex contains four residential units: three one-bedroom apartments and one two-bedroom apartment. Each unit measures approximately 690 square feet and includes a living room, kitchen, bathroom, and private in-unit laundry room. The property is 100% occupied and provides basement storage along with rear off-street parking for four vehicles. Electrical panels and plumbing were replaced within the last 6–8 years. Forced-air heating, central air, ceiling fans, dishwashers, electric ovens, refrigerators, and washer/dryers are included across the property.
The building is located in St. Louis’ Botanical Heights and Forest Park Southeast submarkets, between Shaw and The Grove. The Missouri Botanical Garden, Tower Grove Park, and the WashU Medical Campus are within walking distance, with restaurants and neighborhood amenities nearby.
The building is located in St. Louis’ Botanical Heights and Forest Park Southeast submarkets, between Shaw and The Grove. The Missouri Botanical Garden, Tower Grove Park, and the WashU Medical Campus are within walking distance, with restaurants and neighborhood amenities nearby.
Key Highlights
- 100% occupied four‑unit property with three one‑bedroom units and one two‑bedroom unit
- Approximately 3,570 square feet on a 0.1061‑acre lot
- Each unit is approximately 690sf with a private in‑unit laundry room
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
6.42%
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 6.42%
Second Best
Apartment 5plus
$474.6K
$415.3K – $553.7K
NOI $33,222 @ 7.0% cap · market cap 5.58%
Theoretical Best
Office A
$766.2K
$670.4K – $893.9K
NOI $53,633 @ 7.0% cap · market cap 9.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
936
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
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 offer private laundry rooms, basement storage, and rear off-street parking in St. Louis.
Where is this quadplex located?
The property is located at 4344 McRee Avenue St Louis, MO.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: 100% occupied four‑unit property with three one‑bedroom units and one two‑bedroom unit; Approximately 3,570 square feet on a 0.1061‑acre lot; Each unit is approximately 690sf with a private in‑unit laundry room
