Renovated 4-Unit
For Sale
$649,000
4560 Flad Avenue St, Louis, MO 63110
Residential Income, St Louis, MO
Property Size2,720 SF
Lot Size0.10 Acres
Price / SF$238.60
Days on Market59
Property Features for 4560 Flad Avenue St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 1, Bathroom 2, Bedroom 2, Bathroom 1, Bathroom 4, Bedroom 3, Bedroom 4, Bathroom 3
Appliances
Stainless Steel Appliance(s), Dishwasher, Microwave, Built-In Electric Range, Refrigerator, Washer, Washer/Dryer Stacked
Subdivision
Shaws Garden Add
Elementary school
Mann Elem.
Middle school
Long Middle Community Ed. Center
High school
Roosevelt High
Elementary school district
St. Louis City
Middle school district
St. Louis City
High school district
St. Louis City
Standard status
Active
APN
5904-00-0010-0
Size
2,720 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4404
Utilities
Heating system
Forced Air
Cooling system
Central Air
Amenities
in-unit washer and dryer
automatic watering system
Building Details
Year built
1926
Number of units
4
Building materials
Brick
Architectural style
Craftsman
Listing Agency:
Worth Clark Realty
(314) 222-0065
Listed By:
Weston Harding
(800) 991-6092
Added: Jul 14
Changed: Sep 2
Last Checked: Sep 10 at 4:06PM
MLS# 26045026
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 2,720-square-foot Craftsman quadplex contains four residential units, each reconfigured with an open-concept floor plan and matching finishes. The 1926 brick building underwent rehabilitation in 2022, including renovated kitchens and bathrooms, refinished hardwood flooring, fresh interior paint, stainless steel appliances, granite countertops, 42-inch shaker cabinetry, and tile backsplashes. Each residence also includes individual in-unit laundry, central air, and forced-air heating. A new water service line and substantially modernized electrical system add to the building’s infrastructure improvements, with the remaining 10% of original knob-and-tube wiring scheduled for seller completion before closing.
The property occupies 0.0955 acres at 4560 Flad Avenue in St. Louis, within the Southwest Garden neighborhood. Recent exterior work includes landscaping and an automatic irrigation system. One unit is vacant, while the other three can remain income-producing for an owner-occupant or investor. The location is near the Missouri Botanical Garden, Tower Grove Park, and The Hill.
The property occupies 0.0955 acres at 4560 Flad Avenue in St. Louis, within the Southwest Garden neighborhood. Recent exterior work includes landscaping and an automatic irrigation system. One unit is vacant, while the other three can remain income-producing for an owner-occupant or investor. The location is near the Missouri Botanical Garden, Tower Grove Park, and The Hill.
Key Highlights
- Four‑unit building rehabilitated in 2022
- 2,720 square feet on a 0.0955‑acre lot
- One unit vacant; three units available for continued rental use
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
$29,087
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
4.48%
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%
$581,740
$581.7K
Cap Rate 7%
$415,529
$415.5K
Cap Rate 9%
$323,189
$323.2K
Market Conditions
NOI Build-Up for 2,720 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
$44.1K $16.20/SF
− Vacancy
−$2.5K −$0.92/SF
EGI
$41.6K $15.28/SF
− OpEx
−$12.5K −$4.58/SF
NOI
$29.1K $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%
$581,740
Cap Rate 7%
$415,529
Cap Rate 9%
$323,189
Alternative Uses
Best Use
Multifamily LT 5
$415.5K
$363.6K – $484.8K
NOI $29,087 @ 7.0% cap · market cap 4.48%
Second Best
Apartment 5plus
$361.6K
$316.4K – $421.9K
NOI $25,312 @ 7.0% cap · market cap 3.90%
Theoretical Best
Office A
$583.8K
$510.8K – $681.1K
NOI $40,863 @ 7.0% cap · market cap 6.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
75%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
747
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 - Updated systems, private laundry, and consistent contemporary finishes support rental or owner-occupant use.
Where is this quadplex located?
The property is located at 4560 Flad Avenue St Louis, MO.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Four‑unit building rehabilitated in 2022; 2,720 square feet on a 0.0955‑acre lot; One unit vacant; three units available for continued rental use
