4-Unit Apartment Building with
New
For Sale
$435,000
4944 Mardel Ave, Saint Louis, MO 63109
Four apartments and a detached brick garage provide separate residential and rental components.
Property Size3,400 SF
Price / SF$127.94
Days on Market7
Property Features for 4944 Mardel Ave
General Information
Standard status
Active
Size
3,400 SF
Property subtype
Multi-Family
Building Details
Year Built
1927
Listing Agency:
Epique Realty
Listed By:
Todd Murray · License #2020041827
(314) 409-3320
Source:
Nations-network
Added: Sep 29
Last Checked: Oct 4 at 2:10PM
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 Epique Realty
Investment Insights
Based on property information with market context.
Built in 1927, this four-apartment property has a living room, dining room, kitchen with an eat-in area, full bath, bedroom, and front balcony in each unit. Refinished hardwood floors, a marble entry and stairway, newer furnaces, updated plumbing stacks, and upgraded electrical panels are among the building’s features. A detached brick garage accommodates two cars and is currently rented. Three of the four apartments are leased, and the property is professionally managed.
The property is at 4944 Mardel Ave in St. Louis. The Golden Hoosier, Piper's Tea & Coffee, and Bud's Pizza are within walking distance. The remarks also note redevelopment activity along Kingshighway.
The property is at 4944 Mardel Ave in St. Louis. The Golden Hoosier, Piper's Tea & Coffee, and Bud's Pizza are within walking distance. The remarks also note redevelopment activity along Kingshighway.
Key Highlights
- Four apartments, each with a living room, dining room, eat‑in kitchen, full bath, bedroom, and front balcony
- Detached brick garage with space for two cars
- Three of four apartments currently leased
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
$36,358
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
8.36%
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%
$727,160
$727.2K
Cap Rate 7%
$519,400
$519.4K
Cap Rate 9%
$403,978
$404.0K
Market Conditions
NOI Build-Up for 3,400 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
$55.1K $16.20/SF
− Vacancy
−$3.1K −$0.92/SF
EGI
$51.9K $15.28/SF
− OpEx
−$15.6K −$4.58/SF
NOI
$36.4K $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%
$727,160
Cap Rate 7%
$519,400
Cap Rate 9%
$403,978
Alternative Uses
Best Use
Multifamily LT 5
$519.4K
$454.5K – $606.0K
NOI $36,358 @ 7.0% cap · market cap 8.36%
Second Best
Apartment 5plus
$452.0K
$395.5K – $527.3K
NOI $31,640 @ 7.0% cap · market cap 7.27%
Theoretical Best
Office A
$729.7K
$638.5K – $851.3K
NOI $51,079 @ 7.0% cap · market cap 11.74%
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
Location Intelligence
Trade Area within ½ mile
749
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
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 - Four apartments and a detached brick garage provide separate residential and rental components.
Where is this quadplex located?
The property is located at 4944 Mardel Ave Saint Louis, MO.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: Four apartments, each with a living room, dining room, eat‑in kitchen, full bath, bedroom, and front balcony; Detached brick garage with space for two cars; Three of four apartments currently leased
