Furnished
For Sale
$625,000
4930 Wise Ave, Saint Louis, MO 63110
Rehabilitated multifamily property with four separate residences, upscale finishes, appliances, and designer furnishings.
Property Size3,300 SF
Price / SF$189.39
Days on Market120
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Property Features for 4930 Wise Ave
General Information
Standard status
Active
Size
3,300 SF
Property subtype
Residential Income
Additional Details
Furnished
Yes
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$3,385
Listing Agency:
Apartment Advisors of America LLC
(314) 716-2213
Listed By:
Michael Zangara
(314) 517-0903
Source:
Exprealty
Added: Jun 18
Changed: Oct 5
Last Checked: Oct 15 at 4:29AM
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 Apartment Advisors of America LLC
Investment Insights
Based on property information with market context.
This 3,300-square-foot quadplex contains four separate residential units and is offered with furniture and decorative appointments in place. The property has undergone rehabilitation, with improvements including granite countertops, custom cabinetry, stainless steel appliances, tile work, and spa-inspired bathrooms.
The building operates as a short-term rental property and is positioned on Wise Ave in Saint Louis, Missouri. Its stated setting is south of the Central West End, north of The Grove, and within blocks of the St. Louis Science Center. Parks and nightlife are described as walkable from the property.
The building operates as a short-term rental property and is positioned on Wise Ave in Saint Louis, Missouri. Its stated setting is south of the Central West End, north of The Grove, and within blocks of the St. Louis Science Center. Parks and nightlife are described as walkable from the property.
Key Highlights
- 3,300‑square‑foot quadplex with four separate units
- Recently rehabilitated building with updated interiors
- Granite countertops, custom cabinetry, and stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,289
Cap Rate
5.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$705,780
$705.8K
Cap Rate 7%
$504,129
$504.1K
Cap Rate 9%
$392,100
$392.1K
Market Conditions
NOI Build-Up for 3,300 SF
Gross rent
$53.5K $16.20/SF
− Vacancy
−$3.0K −$0.92/SF
EGI
$50.4K $15.28/SF
− OpEx
−$15.1K −$4.58/SF
NOI
$35.3K $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%
$705,780
Cap Rate 7%
$504,129
Cap Rate 9%
$392,100
Alternative Uses
Best Use
Multifamily LT 5
$504.1K
$441.1K – $588.2K
NOI $35,289 @ 7.0% cap · market cap 5.65%
Second Best
Apartment 5plus
$438.7K
$383.9K – $511.8K
NOI $30,710 @ 7.0% cap · market cap 4.91%
Theoretical Best
Office A
$708.2K
$619.7K – $826.3K
NOI $49,577 @ 7.0% cap · market cap 7.93%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,009
Businesses Nearby
Explore this area
Business Placement
Demographics for 63110, MO
18,199
Population
10,260
Households
1.8
Avg Household Size
33
Median Age
64%
College-Educated
97%
High-School Grad
6.6 sq mi
ZIP Area
2,757
Density / Sq Mi
$73,809
Median Household Income
$55,340
Median Earnings
$1,183
Median Rent
$314,600
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
Frequently Asked Questions
What type of property is this?
Quadplex - Rehabilitated multifamily property with four separate residences, upscale finishes, appliances, and designer furnishings.
Where is this quadplex located?
The property is located at 4930 Wise Ave Saint Louis, MO.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 3,300‑square‑foot quadplex with four separate units; Recently rehabilitated building with updated interiors; Granite countertops, custom cabinetry, and stainless steel appliances
