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 Market21
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.
(314) 367-0689
Listed By:
Byron Martin
(314) 367-0689
Source:
Exprealty
Added: Aug 10
Changed: Aug 28
Last Checked: Aug 29 at 1:37PM
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 = 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
$37,470
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
7.49%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
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 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
