Brick Quadplex with Fenced
For Sale
$499,500
4614 Shenandoah Avenue St, Louis, MO 63110
Residential Income, St Louis, MO
Property Size3,536 SF
Lot Size0.11 Acres
Price / SF$141.26
Days on Market95
Property Features for 4614 Shenandoah Avenue St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 2, Bedroom 1, Bathroom 3, Bedroom 4, Bathroom 2, Bathroom 4, Bedroom 3, Bathroom 1
Parking features
On Street, Off Street
Fencing
Fenced
Appliances
Gas Water Heater
Subdivision
Shaws Garden Add
Elementary school
Mann Elem.
Middle school
Fanning Middle Community Ed.
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
4098-05-0090-0
Size
3,536 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
C. B. 4098 N SHENANDOAH AVE 40 FT X 120 FT SHAWS GARDEN ADDN BLK B LOT 4
Tax Annual Amount
5495
Legal Description
C. B. 4098 N SHENANDOAH AVE 40 FT X 120 FT SHAWS GARDEN ADDN BLK B LOT 4
Utilities
Heating system
Natural Gas, Forced Air
Cooling system
Central Air, Gas (Cooling)
Water source
Public
Amenities
central heating and cooling
dedicated laundry hookups
fenced backyard
rear parking pad
Building Details
Year built
1925
Floors in Building
2
Number of units
4
Flooring type
Hardwood
Building materials
Brick
Architectural style
Other
Listing Agency:
Invest St. Louis
(314) 325-6201
Listed By:
Jeffrey Jollar · License #2026020322
(314) 255-5117
Added: Jun 12
Changed: Sep 13
Last Checked: Sep 14 at 11:06PM
MLS# 26037176
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 3,536-square-foot brick quadplex, built in 1925, contains four one-bedroom apartments of approximately 775 square feet each. Two units are occupied, while one unit is vacant. Apartment features include central heating and cooling, hardwood flooring, and dedicated basement laundry hookups. The property also has a gas water heater, public water service, mostly replaced vinyl windows, PVC plumbing stacks, drains, and lateral, plus a 6-year-old TPO roof.
Set on 0.1102 acres at 4614 Shenandoah Avenue in St Louis, the property includes a fenced backyard and rear parking pad, with additional off-street and on-street parking. The address is in the 63110 ZIP code and St Louis City. Existing layouts may support reconfiguration from one-bedroom to two-bedroom units through the changes described in the property information.
Set on 0.1102 acres at 4614 Shenandoah Avenue in St Louis, the property includes a fenced backyard and rear parking pad, with additional off-street and on-street parking. The address is in the 63110 ZIP code and St Louis City. Existing layouts may support reconfiguration from one-bedroom to two-bedroom units through the changes described in the property information.
Key Highlights
- Four‑unit building with four one‑bedroom apartments, each approximately 775 square feet
- 3,536‑square‑foot brick building built in 1925
- Two units occupied and one unit vacant
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
$37,813
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
7.57%
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%
$756,260
$756.3K
Cap Rate 7%
$540,186
$540.2K
Cap Rate 9%
$420,144
$420.1K
Market Conditions
NOI Build-Up for 3,536 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
$57.3K $16.20/SF
− Vacancy
−$3.3K −$0.92/SF
EGI
$54.0K $15.28/SF
− OpEx
−$16.2K −$4.58/SF
NOI
$37.8K $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%
$756,260
Cap Rate 7%
$540,186
Cap Rate 9%
$420,144
Alternative Uses
Best Use
Multifamily LT 5
$540.2K
$472.7K – $630.2K
NOI $37,813 @ 7.0% cap · market cap 7.57%
Second Best
Apartment 5plus
$470.1K
$411.3K – $548.4K
NOI $32,906 @ 7.0% cap · market cap 6.59%
Theoretical Best
Office A
$758.9K
$664.0K – $885.4K
NOI $53,122 @ 7.0% cap · market cap 10.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
807
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Four one-bedroom apartments include central HVAC and basement laundry hookups.
Where is this quadplex located?
The property is located at 4614 Shenandoah Avenue St Louis, MO.
What is the asking price?
The asking price for this property is $499,500.
What are key features of this property?
This property features: Four‑unit building with four one‑bedroom apartments, each approximately 775 square feet; 3,536‑square‑foot brick building built in 1925; Two units occupied and one unit vacant
