Brick Quadplex with
For Sale
$399,900
4928 Winona Avenue St, Louis, MO 63109
Residential Income, St Louis, MO
Property Size2,900 SF
Lot Size0.10 Acres
Price / SF$137.90
Days on Market9
Property Features for 4928 Winona Avenue St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bedroom 3, Bedroom 2, Bathroom 4, Bathroom 2, Basement, Bathroom 3, Bedroom 1, Bedroom 4
Parking features
On Street, Garage, Covered, Alley
Basement
Full, Unfinished
Subdivision
Northampton Add
Elementary school
Buder 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
Standard status
Active
APN
5775-00-0300-0
Size
2,900 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4129
Utilities
Heating system
Forced Air
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1942
Building materials
Brick
Architectural style
Other
Listing Agency:
Homecoming Realty, LLC
(314) 484-6396
Listed By:
Matt Cook
(314) 556-0688
Added: Sep 19
Changed: Sep 26
Last Checked: Sep 27 at 1:06PM
MLS# 26060601
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 2,900-square-foot quadplex contains four one-bedroom, one-bathroom apartments in an all-brick building constructed in 1942. Three units are occupied on month-to-month arrangements, while the fourth is vacant. The property includes updated plumbing, replacement windows, forced-air heating, window-unit cooling, and public water service. A covered three-car garage adds substantial on-site parking and storage capacity.
Set on a 0.0994-acre parcel at 4928 Winona Avenue in St. Louis, the property also offers alley access and on-street parking. The unit layout and current vacancy provide an owner-occupant option, while the existing occupancy supports continued multifamily use. Basement space is also included among the building's features.
Set on a 0.0994-acre parcel at 4928 Winona Avenue in St. Louis, the property also offers alley access and on-street parking. The unit layout and current vacancy provide an owner-occupant option, while the existing occupancy supports continued multifamily use. Basement space is also included among the building's features.
Key Highlights
- Four 1‑bedroom, 1‑bathroom units in a 2,900‑square‑foot quadplex
- Three of four units occupied; all leases are month to month
- Covered 3‑car garage with alley access
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
$31,011
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
7.75%
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%
$620,220
$620.2K
Cap Rate 7%
$443,014
$443.0K
Cap Rate 9%
$344,567
$344.6K
Market Conditions
NOI Build-Up for 2,900 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
$47.0K $16.20/SF
− Vacancy
−$2.7K −$0.92/SF
EGI
$44.3K $15.28/SF
− OpEx
−$13.3K −$4.58/SF
NOI
$31.0K $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%
$620,220
Cap Rate 7%
$443,014
Cap Rate 9%
$344,567
Alternative Uses
Best Use
Multifamily LT 5
$443.0K
$387.6K – $516.9K
NOI $31,011 @ 7.0% cap · market cap 7.75%
Second Best
Apartment 5plus
$385.5K
$337.3K – $449.8K
NOI $26,987 @ 7.0% cap · market cap 6.75%
Theoretical Best
Office A
$622.4K
$544.6K – $726.1K
NOI $43,567 @ 7.0% cap · market cap 10.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
831
Businesses Nearby
Explore this area
Business Placement
Demographics for 63109, MO
26,777
Population
14,963
Households
1.8
Avg Household Size
39
Median Age
52%
College-Educated
96%
High-School Grad
3.5 sq mi
ZIP Area
7,651
Density / Sq Mi
$71,563
Median Household Income
$52,245
Median Earnings
$929
Median Rent
$244,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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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?
Quadplex - Four one-bedroom apartments with updated plumbing, replacement windows, and a covered three-car garage.
Where is this quadplex located?
The property is located at 4928 Winona Avenue St Louis, MO.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Four 1‑bedroom, 1‑bathroom units in a 2,900‑square‑foot quadplex; Three of four units occupied; all leases are month to month; Covered 3‑car garage with alley access
