20-Unit Brick Apartment
For Sale
$1,700,000
4770 Kings Dr, Saint Louis, MO 63116
Updated apartments with on-site coin laundry and private rear parking serve an established St. Louis City neighborhood.
Property Size12,614 SF
Price / SF$134.77
Days on Market51
Property Features for 4770 Kings Dr
General Information
Standard status
Active
Size
12,614 SF
Total Parking Spaces
15
Property subtype
Residential Income
Occupancy
95%
Additional Details
Gross Income
$169,000
Highway Access
Yes
Multifamily Units
20
Taxes and HOA fees
Annual Taxes
$9,998
Amenities
on-site coin laundry
Building Details
Buildings
1
Stories
2
Construction
brick
Listing Agency:
Keller Williams Realty St. Louis
(314) 677-6000
Listed By:
David Nations · License #2007027969
(314) 775-2777
Source:
Exprealty
Added: Aug 25
Changed: Oct 7
Last Checked: Oct 12 at 9:47PM
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 Keller Williams Realty St. Louis
Investment Insights
Based on property information with market context.
This 12,614-square-foot, brick apartment property contains 20 units across two stories and is currently 95% occupied. Recent improvements include new flooring, refreshed kitchens with updated countertops and cabinetry, and modernized bathrooms in many units. The basement laundry room has also been renovated and provides on-site coin-operated laundry. A private rear lot adds 15 parking spaces, with additional street parking available.
Located in St. Louis City's Princeton Heights neighborhood near the Kingshighway and Gravois area, the property is close to local shops, schools, grocery stores, gas stations, and neighborhood restaurants. Joseph R. Leisure Park and Christy Park are a few blocks away, while Wilmore Park is accessible via Gravois. I-55 and I-44 provide connections to Downtown St. Louis.
Located in St. Louis City's Princeton Heights neighborhood near the Kingshighway and Gravois area, the property is close to local shops, schools, grocery stores, gas stations, and neighborhood restaurants. Joseph R. Leisure Park and Christy Park are a few blocks away, while Wilmore Park is accessible via Gravois. I-55 and I-44 provide connections to Downtown St. Louis.
Key Highlights
- 20‑unit, two‑story brick apartment building
- 12,614 square feet with 95% occupancy
- Many units feature updated flooring, kitchens, and bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$117,386
Cap Rate
6.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,347,720
$2.3M
Cap Rate 7%
$1,676,943
$1.7M
Cap Rate 9%
$1,304,289
$1.3M
Market Conditions
NOI Build-Up for 12,614 SF
Gross rent
$227.1K $18.00/SF
− Vacancy
−$13.6K −$1.08/SF
EGI
$213.4K $16.92/SF
− OpEx
−$96.0K −$7.61/SF
NOI
$117.4K $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%
$2,347,720
Cap Rate 7%
$1,676,943
Cap Rate 9%
$1,304,289
Alternative Uses
Best Use
Apartment 5plus
$1.68M
$1.47M – $1.96M
NOI $117,386 @ 7.0% cap · market cap 6.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.71M
$2.37M – $3.16M
NOI $189,503 @ 7.0% cap · market cap 11.15%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
20
Residential units
95%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
516
Businesses Nearby
Explore this area
Business Placement
Demographics for 63116, MO
41,959
Population
22,394
Households
1.9
Avg Household Size
37
Median Age
37%
College-Educated
90%
High-School Grad
5.4 sq mi
ZIP Area
7,770
Density / Sq Mi
$60,193
Median Household Income
$42,012
Median Earnings
$946
Median Rent
$161,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Updated apartments with on-site coin laundry and private rear parking serve an established St. Louis City neighborhood.
Where is this apartment building located?
The property is located at 4770 Kings Dr Saint Louis, MO.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: 20‑unit, two‑story brick apartment building; 12,614 square feet with 95% occupancy; Many units feature updated flooring, kitchens, and bathrooms
