Historic Three-Unit Rental
4632 McPherson Avenue, Saint Louis, MO 63108
For Sale
New
$1,500,000
Residential Income, St Louis, MO
Property Size6,180 SF
Lot Size0.09 Acres
Price / SF$242.72
Days on Market4
Property Features for 4632 McPherson Avenue
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Subdivision
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Tenancy & Operations
Currently Operating
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Heating system
Water source
Building Details
Year built
Building materials
Architectural style
Buildings
Listing Agency:
HomeCoin.com
Listed By:
Jonathan Minerick
(888) 400-2513
Added: Nov 6
Changed: Nov 7
Last Checked: Nov 9 at 3:06AM
MLS# 26070610
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 1902 property comprises three furnished rental units across two restored buildings, totaling approximately 6,180 square feet on a 0.09-acre parcel. The unit mix includes a three-bedroom, 2.5-bath residence; a one-bedroom, one-bath residence; and a two-bedroom, two-bath residence with a private garage. Brick and stone construction, forced-air heating, and parking lot and on-street parking are among the documented features. The property is zoned F Neighborhood Commercial and taxed in the commercial class.
The Central West End location is near Barnes-Jewish Hospital, the Washington University Medical Campus, Forest Park, the Cathedral Basilica, and the Euclid Avenue restaurant row. An event venue is on the same block.
The three units generated $110,684 in gross rental revenue during calendar 2025, before management and operating expenses. This is historical operating information, not a projection.
The Central West End location is near Barnes-Jewish Hospital, the Washington University Medical Campus, Forest Park, the Cathedral Basilica, and the Euclid Avenue restaurant row. An event venue is on the same block.
The three units generated $110,684 in gross rental revenue during calendar 2025, before management and operating expenses. This is historical operating information, not a projection.
Key Highlights
- Three furnished rental units in two restored buildings
- Approximately 6,180 square feet on a 0.09‑acre parcel
- Unit mix: 3‑bedroom/2.5‑bath, 1‑bedroom/1‑bath, and 2‑bedroom/2‑bath residences
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,087
Cap Rate
4.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,321,740
$1.3M
Cap Rate 7%
$944,100
$944.1K
Cap Rate 9%
$734,300
$734.3K
Market Conditions
NOI Build-Up for 6,180 SF
Gross rent
$100.1K $16.20/SF
− Vacancy
−$5.7K −$0.92/SF
EGI
$94.4K $15.28/SF
− OpEx
−$28.3K −$4.58/SF
NOI
$66.1K $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 Rate 5%
$1,321,740
Cap Rate 7%
$944,100
Cap Rate 9%
$734,300
Alternative Uses
Best Use
Multifamily LT 5
$944.1K
$826.1K – $1.10M
NOI $66,087 @ 7.0% cap · market cap 4.41%
Second Best
Apartment 5plus
$821.6K
$718.9K – $958.5K
NOI $57,511 @ 7.0% cap · market cap 3.83%
Theoretical Best
Office A
$1.33M
$1.16M – $1.55M
NOI $92,844 @ 7.0% cap · market cap 6.19%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
3,129
Businesses Nearby
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Business Placement
Demographics for 63108, MO
23,603
Population
13,208
Households
1.8
Avg Household Size
30
Median Age
64%
College-Educated
94%
High-School Grad
2.2 sq mi
ZIP Area
10,729
Density / Sq Mi
$56,933
Median Household Income
$47,284
Median Earnings
$1,140
Median Rent
$337,300
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in St. Louis County, MO
Properties on Market for Triplexes in St. Louis County
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Triplex - Three furnished residences operate as a professionally managed rental portfolio in two restored buildings.
Where is this triplex located?
The property is located at 4632 McPherson Avenue Saint Louis, MO.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Three furnished rental units in two restored buildings; Approximately 6,180 square feet on a 0.09‑acre parcel; Unit mix: 3‑bedroom/2.5‑bath, 1‑bedroom/1‑bath, and 2‑bedroom/2‑bath residences
