8-Unit Apartment
For Sale
$745,000
4615 Virginia Avenue, Saint Louis, MO 63111
Residential Income, St Louis, MO
Property Size5,800 SF
Lot Size0.13 Acres
Price / SF$128.45
Days on Market91
Property Features for 4615 Virginia Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
12
Bathrooms
8
Full bathrooms
8
Rooms
Bedroom 2, Bathroom 8, Bedroom 12, Bathroom 2, Bathroom 6, Bedroom 5, Basement, Bathroom 4, Bedroom 11, Bathroom 3, Bedroom 9, Bathroom 1, Bathroom 5, Bedroom 7, Bedroom 1, Bedroom 3, Bedroom 10, Bedroom 6, Bedroom 4, Bedroom 8, Bathroom 7
Fencing
Chain Link
Basement
Walk-Up Access
Appliances
Stainless Steel Appliance(s), Dishwasher, Electric Oven, Refrigerator
Subdivision
Louisiana Heights Add
Lot features
Level
Elementary school
Woodward 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
Directions
GPS friendly
Standard status
Active
APN
2740-00-0210-0
Size
5,800 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4103
Utilities
Heating system
Natural Gas, Forced Air
Cooling system
Wall Unit(s)
Water source
Public
Amenities
through-wall A/C units
washer/dryer hookups
tenant storage areas
Building Details
Year built
1963
Floors in Building
2
Number of units
8
Flooring type
Vinyl
Building materials
Brick
Roof type
Flat
Architectural style
Other
Listing Agency:
Mogul Realty
(314) 865-1170
Listed By:
Brian Miller
(314) 651-2261
Added: Jul 22
Changed: Oct 19
Last Checked: Oct 20 at 12:06AM
MLS# 26041459
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.
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Investment Insights
Based on property information with market context.
This 5,800-square-foot apartment building in St. Louis contains eight units, including four one-bedroom apartments and four two-bedroom apartments. Interior work completed from 2023 through 2025 includes refreshed kitchens and bathrooms, new flooring, paint, lighting, doors, trim, blinds, and electrical devices. Mechanical updates include through-wall A/C units and seven new furnaces.
The brick building was constructed in 1963 and includes a basement with tenant storage, washer and dryer hookups, and an owner storage room. Common-area improvements include new carpet, LVP flooring, stair treads, lighting, and restored railings. Exterior features include a flat roof replaced in 2022, exterior lighting, landscaping improvements, chain-link fencing, and off-street parking for approximately five vehicles. The property is fully occupied and professionally managed.
The brick building was constructed in 1963 and includes a basement with tenant storage, washer and dryer hookups, and an owner storage room. Common-area improvements include new carpet, LVP flooring, stair treads, lighting, and restored railings. Exterior features include a flat roof replaced in 2022, exterior lighting, landscaping improvements, chain-link fencing, and off-street parking for approximately five vehicles. The property is fully occupied and professionally managed.
Key Highlights
- Eight units with four 1‑bedroom and four 2‑bedroom apartments
- 5,800 square feet on 0.1338 acres
- Interior renovations completed from 2023‑2025
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,975
Cap Rate
7.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,079,500
$1.1M
Cap Rate 7%
$771,071
$771.1K
Cap Rate 9%
$599,722
$599.7K
Market Conditions
NOI Build-Up for 5,800 SF
Gross rent
$104.4K $18.00/SF
− Vacancy
−$6.3K −$1.08/SF
EGI
$98.1K $16.92/SF
− OpEx
−$44.2K −$7.61/SF
NOI
$54.0K $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%
$1,079,500
Cap Rate 7%
$771,071
Cap Rate 9%
$599,722
Alternative Uses
Best Use
Apartment 5plus
$771.1K
$674.7K – $899.6K
NOI $53,975 @ 7.0% cap · market cap 7.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.24M
$1.09M – $1.45M
NOI $87,135 @ 7.0% cap · market cap 11.70%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
8
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
466
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 - Renovated apartment property with updated kitchens, bathrooms, flooring, and mechanical systems.
Where is this apartment building located?
The property is located at 4615 Virginia Avenue Saint Louis, MO.
What is the asking price?
The asking price for this property is $745,000.
What are key features of this property?
This property features: Eight units with four 1‑bedroom and four 2‑bedroom apartments; 5,800 square feet on 0.1338 acres; Interior renovations completed from 2023‑2025
