Four-Unit Quadplex with Rear
For Sale
$595,000
4344 McRee Avenue St, Louis, MO 63110
MULTI_FAMILY - Other - St Louis, MO
Property Size3,570 SF
Lot Size0.11 Acres
Price / SF$166.67
Days on Market88
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 4, Bathroom 3, Bedroom 5, Bedroom 2, Bedroom 4, Bedroom 1, Bedroom 3, Bathroom 2, Bathroom 1, Basement
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
Ceiling Fan(s), Central Air
Amenities
in-unit laundry
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: May 17
Changed: Aug 1
Last Checked: Aug 12 at 6:06PM
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.
4344 McRee Avenue is a well-maintained, 100% occupied four-unit quadplex built in 1924. The property includes three one-bedroom units and one two-bedroom unit. Each unit is approximately 690 SF and features a spacious living room, kitchen, bathroom, and private in-unit laundry room. The basement provides additional storage space.
Improvements include recently replaced electric panels and plumbing within the last 6–8 years. Construction materials are brick with stone veneer. Heating is forced air, and cooling is provided by central air with ceiling fan(s). Units include appliances such as a dishwasher, refrigerator, and free-standing electric oven, along with washer/dryer.
Tenants have private off-street rear parking for four vehicles, supported by the property’s rear tenant parking layout.
Improvements include recently replaced electric panels and plumbing within the last 6–8 years. Construction materials are brick with stone veneer. Heating is forced air, and cooling is provided by central air with ceiling fan(s). Units include appliances such as a dishwasher, refrigerator, and free-standing electric oven, along with washer/dryer.
Tenants have private off-street rear parking for four vehicles, supported by the property’s rear tenant parking layout.
Key Highlights
- 100% occupied four‑unit quadplex with three one‑bedroom units and one two‑bedroom unit
- Each unit is approximately 690 SF with private in‑unit laundry
- Electric panels and plumbing replaced within the last 6–8 years
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
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,087
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 - 100% occupied quadplex with three one-bedroom and one two-bedroom unit, each with in-unit laundry and private rear parking.
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 quadplex with three one‑bedroom units and one two‑bedroom unit; Each unit is approximately 690 SF with private in‑unit laundry; Electric panels and plumbing replaced within the last 6–8 years
