Four-Family Residential Income
For Sale
$445,000
4944 Mardel Avenue St, Louis, MO 63109
MULTI_FAMILY - Other - St Louis, MO
Property Size3,400 SF
Lot Size0.12 Acres
Price / SF$130.88
Days on Market16
Property Features for 4944 Mardel Avenue St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 2, Bedroom 1, Bedroom 3, Bathroom 4, Bathroom 3, Bathroom 1, Bedroom 4, Bedroom 2
Basement
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
6032-00-0140-0
Size
3,400 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4365
Utilities
Cooling system
Central Air, Window Unit(s), Ceiling Fan(s)
Building Details
Year built
1927
Number of units
4
Flooring type
Wood, Tile
Building materials
Brick, Stone
Architectural style
Other
Listing Agency:
Epique Realty
(888) 893-3537
Listed By:
Todd Murray · License #2020041827
(816) 522-4531
Added: Jul 15
Changed: Jul 22
Last Checked: Jul 30 at 11:06PM
MLS# 26044837
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 property is a four-family residential income building with a spacious layout in each unit, including a living room, true dining room, kitchen with an eat-in area, a full bath, a large private bedroom, and a charming front balcony. Interior finishes include refinished hardwood floors. The building has received several updates, including newer furnaces, updated plumbing stacks, and upgraded electrical panels. One unit has central air, while the remaining units use window A/C.
An oversized detached brick two-car garage is included and is currently rented, providing additional income. The property is located in St. Louis City at 4944 Mardel Avenue, within the Northampton area of St. Louis, with multiple neighborhood businesses described as within walking distance. The listing notes professional management in place.
The lot size is approximately 0.1157 acres, and the building size is approximately 3,400 square feet. Three of the four apartments are currently leased, while one unit is available according to the listing remarks.
An oversized detached brick two-car garage is included and is currently rented, providing additional income. The property is located in St. Louis City at 4944 Mardel Avenue, within the Northampton area of St. Louis, with multiple neighborhood businesses described as within walking distance. The listing notes professional management in place.
The lot size is approximately 0.1157 acres, and the building size is approximately 3,400 square feet. Three of the four apartments are currently leased, while one unit is available according to the listing remarks.
Key Highlights
- 4‑family building built in 1927 with brick and stone construction
- Each unit includes a living room, true dining room, eat‑in kitchen area, full bath, large private bedroom, and front balcony
- Refinished hardwood floors plus wood and tile flooring throughout
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $55.1k | $16.20 |
| − Vacancy | −$3.1k | −$0.92 |
| EGI | $51.9k | $15.28 |
| − OpEx | −$15.6k | −$4.58 |
| NOI | $36.4k | $10.69 |
3,400 SF · lease $16.20/SF/yr · vacancy 5.70% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$519.4K
$454.5K – $606.0K
NOI $36,358 @ 7.0% cap · market cap 8.17%
Second Best
Apartment 5plus
$452.0K
$395.5K – $527.3K
NOI $31,640 @ 7.0% cap · market cap 7.11%
Theoretical Best
Office A
$729.7K
$638.5K – $851.3K
NOI $51,079 @ 7.0% cap · market cap 11.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
75%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
791
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
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 - Well-kept four-unit building with private balconies, refinished hardwood floors, updated building systems, and an oversized detached two-car garage.
Where is this quadplex located?
The property is located at 4944 Mardel Avenue St Louis, MO.
What is the asking price?
The asking price for this property is $445,000.
What are key features of this property?
This property features: 4‑family building built in 1927 with brick and stone construction; Each unit includes a living room, true dining room, eat‑in kitchen area, full bath, large private bedroom, and front balcony; Refinished hardwood floors plus wood and tile flooring throughout
