Brick Quadplex With Three-Car
For Sale
$370,000
4932 Pernod Ave, Saint Louis, MO 63139
Four similarly arranged apartments feature hardwood floors, sunrooms, private bedrooms, and full baths.
Property Size3,394 SF
Price / SF$109.02
Days on Market30
Property Features for 4932 Pernod Ave
General Information
Standard status
Active
Size
3,394 SF
Total Parking Spaces
3
Property subtype
Residential Income
Additional Details
Public Transit
Yes
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$4,284
Amenities
fenced backyard
basement storage
laundry hookups
Building Details
Buildings
1
Construction
brick
Listing Agency:
Garcia Properties
(314) 971-1243
Listed By:
Anna Chancellor
(314) 971-1243
Source:
Exprealty
Added: Jul 23
Changed: Aug 20
Last Checked: Aug 20 at 9:26AM
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 Garcia Properties
Investment Insights
Based on property information with market context.
This brick four-family property at 4932 Pernod Ave includes four similarly arranged apartments, each with a living room, dining area, private bedroom, full bath, kitchen, and sunroom. Original hardwood flooring and abundant windows add character throughout the residences. Basement space provides laundry hookups and storage, while the rear of the property includes a fenced backyard and a three-car garage.
The property is in the Northampton neighborhood of Saint Louis, near restaurants, shopping, parks, and public transportation. Golden Hoosier, Bud's Pizza, Pipers Coffee, and Uncle Bill's are also identified nearby. Two apartments are leased month-to-month, and two have long-term leases.
The property is in the Northampton neighborhood of Saint Louis, near restaurants, shopping, parks, and public transportation. Golden Hoosier, Bud's Pizza, Pipers Coffee, and Uncle Bill's are also identified nearby. Two apartments are leased month-to-month, and two have long-term leases.
Key Highlights
- Brick four‑family property with four similarly arranged apartments
- Each unit includes a living room, dining area, private bedroom, full bath, kitchen, and sunroom
- Original hardwood floors and abundant windows in each apartment
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
$31,585
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
8.54%
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%
$631,700
$631.7K
Cap Rate 7%
$451,214
$451.2K
Cap Rate 9%
$350,944
$350.9K
Market Conditions
NOI Build-Up for 3,394 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
$61.1K $18.00/SF
− Vacancy
−$3.7K −$1.08/SF
EGI
$57.4K $16.92/SF
− OpEx
−$25.8K −$7.61/SF
NOI
$31.6K $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 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%
$631,700
Cap Rate 7%
$451,214
Cap Rate 9%
$350,944
Alternative Uses
Best Use
Multifamily LT 5
$518.5K
$453.7K – $604.9K
NOI $36,294 @ 7.0% cap · market cap 9.81%
Second Best
Apartment 5plus
$451.2K
$394.8K – $526.4K
NOI $31,585 @ 7.0% cap · market cap 8.54%
Theoretical Best
Office A
$728.4K
$637.4K – $849.8K
NOI $50,989 @ 7.0% cap · market cap 13.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
778
Businesses Nearby
Explore this area
Business Placement
Demographics for 63139, MO
21,971
Population
12,187
Households
1.8
Avg Household Size
38
Median Age
49%
College-Educated
96%
High-School Grad
3.8 sq mi
ZIP Area
5,782
Density / Sq Mi
$74,749
Median Household Income
$52,298
Median Earnings
$1,086
Median Rent
$199,400
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 - Four similarly arranged apartments feature hardwood floors, sunrooms, private bedrooms, and full baths.
Where is this quadplex located?
The property is located at 4932 Pernod Ave Saint Louis, MO.
What is the asking price?
The asking price for this property is $370,000.
What are key features of this property?
This property features: Brick four‑family property with four similarly arranged apartments; Each unit includes a living room, dining area, private bedroom, full bath, kitchen, and sunroom; Original hardwood floors and abundant windows in each apartment
