22-Unit Apartment
New
For Sale
$1,850,000
4528 Nebraska Avenue, Saint Louis, MO 63111
Recently updated residences feature stainless steel appliances, modern cabinetry and in-unit laundry.
Property Size15,900 SF
Price / SF$116.35
Days on Market2
Property Features for 4528 Nebraska Avenue
General Information
Standard status
Active
Size
15,900 SF
Property subtype
Multifamily
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
22
Amenities
secure off-street parking
in-unit washers and dryers
stainless steel appliances
modern cabinetry
Listing Agency:
CBRE
Listed By:
Matt Bukhshtaber · License #2011029892
(314) 655-6060
Source:
Cbre
Added: Oct 19
Last Checked: Oct 19 at 2:19PM
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 CBRE
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Investment Insights
Based on property information with market context.
This historic South St. Louis apartment property contains 22 units. Recent renovations to some residences include stainless steel appliances, modern cabinetry and in-unit washers and dryers. Secure off-street parking serves the property.
The building is in an established residential area with access to Interstate 55 and Downtown St. Louis. Shopping, dining, parks and public transportation are nearby.
The building is in an established residential area with access to Interstate 55 and Downtown St. Louis. Shopping, dining, parks and public transportation are nearby.
Key Highlights
- 22‑unit apartment property in South St. Louis
- Recently renovated units have stainless steel appliances and modern cabinetry
- In‑unit washers and dryers in renovated residences
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$147,965
Cap Rate
8.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,959,300
$3.0M
Cap Rate 7%
$2,113,786
$2.1M
Cap Rate 9%
$1,644,056
$1.6M
Market Conditions
NOI Build-Up for 15,900 SF
Gross rent
$286.2K $18.00/SF
− Vacancy
−$17.2K −$1.08/SF
EGI
$269.0K $16.92/SF
− OpEx
−$121.1K −$7.61/SF
NOI
$148.0K $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%
$2,959,300
Cap Rate 7%
$2,113,786
Cap Rate 9%
$1,644,056
Alternative Uses
Best Use
Apartment 5plus
$2.11M
$1.85M – $2.47M
NOI $147,965 @ 7.0% cap · market cap 8.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.41M
$2.99M – $3.98M
NOI $238,869 @ 7.0% cap · market cap 12.91%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
22
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
493
Businesses Nearby
Explore this area
Business Placement
Demographics for 63111, MO
19,538
Population
10,541
Households
1.9
Avg Household Size
37
Median Age
19%
College-Educated
86%
High-School Grad
3.2 sq mi
ZIP Area
6,106
Density / Sq Mi
$43,295
Median Household Income
$33,114
Median Earnings
$846
Median Rent
$115,500
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
Frequently Asked Questions
What type of property is this?
Apartment building - Recently updated residences feature stainless steel appliances, modern cabinetry and in-unit laundry.
Where is this apartment building located?
The property is located at 4528 Nebraska Avenue Saint Louis, MO.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: 22‑unit apartment property in South St. Louis; Recently renovated units have stainless steel appliances and modern cabinetry; In‑unit washers and dryers in renovated residences
