4-Unit Quadplex with Covered
New
For Sale
$799,900
4736-38 Olive St, Saint Louis, MO 63108
One apartment is vacant, while three others are tenant occupied and include in-unit laundry.
Property Size4,368 SF
Price / SF$183.13
Days on Market2
Property Features for 4736-38 Olive St
General Information
Standard status
Active
Size
4,368 SF
Total Parking Spaces
4
Property subtype
Multi-Family
Property Condition
Severity
Repairs Needed
Evidence
The tile roof is part of an open insurance claim and is expected to be replaced
Units
Unit Mix
2 x 2BR/1BA, 1 x 2BR/1.5BA
Multifamily Units
4
Additional Details
Gross Income
$52,800
Highway Access
Yes
Amenities
exposed brick
gas fireplace
granite countertops
stainless steel appliances
private dry sauna
in-unit laundry
shared outdoor patio
fenced backyard
basement storage
bonus room
walk-in closet
private bathroom
Building Details
Year Built
1904
Listing Agency:
Exp Realty, LLC
Listed By:
DRG - Delhougne Realty Group
(636) 238-3830
Source:
Drgstl
Added: Oct 1
Last Checked: Oct 1 at 1:58PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Exp Realty, LLC
Investment Insights
Based on property information with market context.
Built in 1904, this 4-unit property contains 4,368 square feet. One apartment is vacant; the other three are occupied. Among the occupied units, two have 2 bedrooms and 1 bathroom, and the third has 2 bedrooms and 1.5 bathrooms. Each occupied apartment also has a bonus room and in-unit laundry. The vacant unit features exposed brick, a gas fireplace, granite kitchen countertops, stainless steel appliances, a main-floor primary suite, and a basement sauna. Recent work includes HVAC and plumbing updates, appliance replacements, garage-door work, and repairs to rear stairs and decks. The flat roof was replaced in fall 2025; the tile roof is subject to an open insurance claim and is expected to be replaced, pending scheduling coordination.
Shared amenities include a fenced backyard with an outdoor patio, basement storage, and 4 secured covered parking spaces accessed from the alley. The property is in the Central West End, within walking distance of restaurants, grocery stores, shopping, and Forest Park. Access to I-64/40, I-44, and I-70 connects the property with Downtown St. Louis and nearby cultural and medical destinations.
Shared amenities include a fenced backyard with an outdoor patio, basement storage, and 4 secured covered parking spaces accessed from the alley. The property is in the Central West End, within walking distance of restaurants, grocery stores, shopping, and Forest Park. Access to I-64/40, I-44, and I-70 connects the property with Downtown St. Louis and nearby cultural and medical destinations.
Key Highlights
- 4,368‑square‑foot quadplex built in 1904
- One vacant apartment and three tenant‑occupied units
- Occupied unit mix: two 2‑bedroom, 1‑bathroom units and one 2‑bedroom, 1.5‑bathroom unit
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
$46,710
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
5.84%
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%
$934,200
$934.2K
Cap Rate 7%
$667,286
$667.3K
Cap Rate 9%
$519,000
$519.0K
Market Conditions
NOI Build-Up for 4,368 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
$70.8K $16.20/SF
− Vacancy
−$4.0K −$0.92/SF
EGI
$66.7K $15.28/SF
− OpEx
−$20.0K −$4.58/SF
NOI
$46.7K $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%
$934,200
Cap Rate 7%
$667,286
Cap Rate 9%
$519,000
Alternative Uses
Best Use
Multifamily LT 5
$667.3K
$583.9K – $778.5K
NOI $46,710 @ 7.0% cap · market cap 5.84%
Second Best
Apartment 5plus
$580.7K
$508.1K – $677.5K
NOI $40,649 @ 7.0% cap · market cap 5.08%
Theoretical Best
Office A
$937.4K
$820.3K – $1.09M
NOI $65,621 @ 7.0% cap · market cap 8.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,576
Businesses Nearby
Explore this area
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
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 - One apartment is vacant, while three others are tenant occupied and include in-unit laundry.
Where is this quadplex located?
The property is located at 4736-38 Olive St Saint Louis, MO.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: 4,368‑square‑foot quadplex built in 1904; One vacant apartment and three tenant‑occupied units; Occupied unit mix: two 2‑bedroom, 1‑bathroom units and one 2‑bedroom, 1.5‑bathroom unit
