4-Unit Brick
New
For Sale
$799,900
4736-38 Olive Street, Saint Louis, MO 63108
Residential Income, St Louis, MO
Property Size4,368 SF
Lot Size0.20 Acres
Price / SF$183.13
Days on Market2
Property Features for 4736-38 Olive Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
8
Bathrooms
6
Full bathrooms
6
Rooms
Bedroom 3, Bedroom 4, Bathroom 4, Bathroom 3, Bathroom 1, Bedroom 2, Bedroom 5, Bedroom 8, Bedroom 7, Bathroom 2, Bathroom 5, Dining Room, Basement, Bathroom 6, Bedroom 6, Bedroom 1
Parking features
Covered, Assigned, Open, Off Street
Window features
Blinds, Insulated Windows
Interior features
Shower, Sauna, Breakfast Bar, Custom Cabinetry, Eat-in Kitchen, Granite Counters, Bookcases, Open Floorplan, Walk-In Closet(s), Central Vacuum, Kitchen/Dining Room Combo
Exterior features
Entry Steps/Stairs, Fire Pit
Fencing
Fenced
Fireplace
1
Basement
Unfinished, Storage Space
Appliances
Electric Cooktop, Gas Cooktop, Dishwasher, Disposal, Dryer, Exhaust Fan, Microwave, Range, Gas Range, Refrigerator, Wall Oven, Washer, Washer/Dryer, Water Heater, Gas Water Heater
Subdivision
Central West End
Lot features
Near Public Transit
Elementary school
Cote Brilliante Elem.
Middle school
Langston Middle
High school
Sumner High
Elementary school district
St. Louis City
Middle school district
St. Louis City
High school district
St. Louis City
Standard status
Active
APN
2964-00-0065-0
Size
4,368 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
CB 2964 OLIVE ST 52 FT X 167.99 FT PRT PETER LINDELLS 2ND ADDN BLK 63 BND W 400 FT EEL EUCLID AV
Tax Annual Amount
7388
Legal Description
CB 2964 OLIVE ST 52 FT X 167.99 FT PRT PETER LINDELLS 2ND ADDN BLK 63 BND W 400 FT EEL EUCLID AV
Utilities
Heating system
Natural Gas, Forced Air
Cooling system
Ceiling Fan(s), Electric, Central Air
Water source
Public
Amenities
shared outdoor patio
fenced backyard
basement storage
Building Details
Year built
1904
Floors in Building
2
Number of units
4
Flooring type
Carpet, Tile - Ceramic, Laminate, Vinyl
Building materials
Brick
Architectural style
Other
Listing Agency:
The Hermann London Group LLC
(314) 802-0797
Listed By:
Amy Gordon
(314) 614-2454
Added: Oct 1
Changed: Oct 2
Last Checked: Oct 2 at 10:06PM
MLS# 26056299
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 4,368-square-foot brick quadplex, built in 1904, sits on a 0.2005-acre lot. Three residences are occupied; the fourth is vacant. Two occupied units have 2 bedrooms and 1 bathroom, and the third has 2 bedrooms and 1.5 bathrooms. Each occupied unit includes a bonus room and in-unit laundry. The vacant unit features exposed brick, a gas fireplace, granite kitchen counters, stainless steel appliances, a main-floor primary suite, and a basement sauna. Shared amenities include a fenced backyard patio, basement storage, and four covered, secured parking spaces with alley access. Recent work includes HVAC, plumbing, and appliance updates, plus replacement of the flat and shingle roofs. Custom tile for the tile roof is being manufactured as part of an open insurance claim.
The property is in St. Louis’s Central West End, within walking distance of restaurants, grocery stores, shopping, and Forest Park. Access to I-64/40, I-44, and I-70 is available nearby. Downtown St. Louis, the Fox Theatre, Powell Hall, Washington University Medical Center, BJC, and SLU are described as minutes away.
The property is in St. Louis’s Central West End, within walking distance of restaurants, grocery stores, shopping, and Forest Park. Access to I-64/40, I-44, and I-70 is available nearby. Downtown St. Louis, the Fox Theatre, Powell Hall, Washington University Medical Center, BJC, and SLU are described as minutes away.
Key Highlights
- Four residences in a 4,368‑square‑foot brick building on 0.2005 acres
- Built in 1904; three units are occupied and one is vacant
- Two occupied units have 2 bedrooms and 1 bathroom; the third has 2 bedrooms and 1.5 bathrooms
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
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
4
Residential units
75%
Occupancy
Multi-tenant
Tenancy
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Three residences are occupied, while the fourth is vacant and includes a fireplace, granite counters, and stainless steel appliances.
Where is this quadplex located?
The property is located at 4736-38 Olive Street 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: Four residences in a 4,368‑square‑foot brick building on 0.2005 acres; Built in 1904; three units are occupied and one is vacant; Two occupied units have 2 bedrooms and 1 bathroom; the third has 2 bedrooms and 1.5 bathrooms
