Renovated 8-Unit Apartment
For Sale
$775,000
4615 Virginia Avenue St, Louis, MO 63111
Residential Income, St Louis, MO
Property Size5,800 SF
Lot Size0.13 Acres
Price / SF$133.62
Days on Market56
Property Features for 4615 Virginia Avenue St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
12
Bathrooms
8
Full bathrooms
8
Rooms
Bedroom 7, Bathroom 2, Bedroom 9, Basement, Bedroom 5, Bathroom 6, Bedroom 1, Bathroom 8, Bedroom 2, Bathroom 1, Bedroom 10, Bedroom 4, Bedroom 11, Bathroom 3, Bathroom 7, Bedroom 8, Bedroom 6, Bedroom 3, Bathroom 4, Bedroom 12, Bathroom 5
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
Forced Air, Natural Gas
Cooling system
Wall Unit(s)
Water source
Public
Amenities
washer/dryer hookups
tenant storage areas
through-wall A/C units
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 · License #2016012615
(314) 651-2261
Added: Jul 15
Changed: Sep 5
Last Checked: Sep 8 at 3:06AM
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.
Investment Insights
Based on property information with market context.
Located at 4615 Virginia Avenue in St. Louis, this 5,800-square-foot brick apartment building contains eight units, including four one-bedroom and four two-bedroom apartments. Interior renovations completed from 2023 through 2025 include flooring, paint, kitchens, bathrooms, lighting, doors, trim, blinds, and electrical devices. Apartments include stainless steel appliances, dishwashers, electric ovens, and refrigerators.
Major property improvements include seven new furnaces, through-wall A/C units, a newer roof installed in 2022, refreshed common areas, restored railings, updated lighting, basement cleaning, tenant storage, washer/dryer hookups, and an owner storage room. The 0.1338-acre site also provides exterior lighting, landscaping improvements, chain-link fencing, and off-street parking for approximately five vehicles. The building is fully occupied and has professional property management in place.
Major property improvements include seven new furnaces, through-wall A/C units, a newer roof installed in 2022, refreshed common areas, restored railings, updated lighting, basement cleaning, tenant storage, washer/dryer hookups, and an owner storage room. The 0.1338-acre site also provides exterior lighting, landscaping improvements, chain-link fencing, and off-street parking for approximately five vehicles. The building is fully occupied and has professional property management in place.
Key Highlights
- Eight units with four 1‑bedroom and four 2‑bedroom apartments
- 5,800‑square‑foot brick apartment building on a 0.1338‑acre lot
- Interior and common‑area renovations completed from 2023‑2025
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
$53,975
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
6.96%
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%
$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
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
$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 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%
$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 6.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.24M
$1.09M – $1.45M
NOI $87,135 @ 7.0% cap · market cap 11.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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
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?
Apartment building - Brick multifamily asset with updated interiors, mechanical systems, common areas, and off-street parking.
Where is this apartment building located?
The property is located at 4615 Virginia Avenue St Louis, MO.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: Eight units with four 1‑bedroom and four 2‑bedroom apartments; 5,800‑square‑foot brick apartment building on a 0.1338‑acre lot; Interior and common‑area renovations completed from 2023‑2025
