Renovated Quadplex with Detached
For Sale
$500,000
4958 Parker Ave, Saint Louis, MO 63139
Four occupied apartments feature refreshed interiors, central air, and off-street parking improvements.
Property Size3,504 SF
Price / SF$142.69
Days on Market67
Property Features for 4958 Parker Ave
General Information
Standard status
Active
Size
3,504 SF
Property subtype
Residential Income
Occupancy
100%
Additional Details
Asking Price
$500,000
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$4,662
Amenities
central air
Building Details
Tenancy
Multi
Listing Agency:
Byron Martin Real Estate Co.
Listed By:
Byron Martin
(314) 367-0689
Source:
Exprealty
Added: Aug 10
Changed: Oct 5
Last Checked: Oct 13 at 2:25AM
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 Byron Martin Real Estate Co.
Investment Insights
Based on property information with market context.
This four-unit residential investment property contains 3,504 square feet and has undergone extensive interior and building-system updates. The apartments feature refreshed kitchens with newer appliances, updated bathrooms, refinished hardwood flooring, and upgraded lighting. Central air serves all four units, while plumbing supply lines, stacks, and electrical panels have also been improved.
The property includes an oversized detached brick garage and parking pads for off-street parking. All four apartments are currently occupied. Located at 4958 Parker Ave in Saint Louis, Missouri, the property offers a renovated quadplex configuration with supporting parking and garage improvements.
The property includes an oversized detached brick garage and parking pads for off-street parking. All four apartments are currently occupied. Located at 4958 Parker Ave in Saint Louis, Missouri, the property offers a renovated quadplex configuration with supporting parking and garage improvements.
Key Highlights
- Four‑unit property totaling 3,504 SF
- All 4 apartments are currently occupied
- Updated kitchens, newer appliances, bathrooms, lighting, and refinished hardwood floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,470
Cap Rate
7.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$749,400
$749.4K
Cap Rate 7%
$535,286
$535.3K
Cap Rate 9%
$416,333
$416.3K
Market Conditions
NOI Build-Up for 3,504 SF
Gross rent
$56.8K $16.20/SF
− Vacancy
−$3.2K −$0.92/SF
EGI
$53.5K $15.28/SF
− OpEx
−$16.1K −$4.58/SF
NOI
$37.5K $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%
$749,400
Cap Rate 7%
$535,286
Cap Rate 9%
$416,333
Alternative Uses
Best Use
Multifamily LT 5
$535.3K
$468.4K – $624.5K
NOI $37,470 @ 7.0% cap · market cap 7.49%
Second Best
Apartment 5plus
$465.8K
$407.6K – $543.5K
NOI $32,608 @ 7.0% cap · market cap 6.52%
Theoretical Best
Office A
$752.0K
$658.0K – $877.4K
NOI $52,641 @ 7.0% cap · market cap 10.53%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
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
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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 occupied apartments feature refreshed interiors, central air, and off-street parking improvements.
Where is this quadplex located?
The property is located at 4958 Parker Ave Saint Louis, MO.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Four‑unit property totaling 3,504 SF; All 4 apartments are currently occupied; Updated kitchens, newer appliances, bathrooms, lighting, and refinished hardwood floors
