Brick 4-Unit
For Sale
$410,000
4971 - 4973 Parker Ave, Saint Louis, MO 63139
Four one-bedroom residences feature updated kitchens and baths, central air, and private outdoor space.
Property Size3,284 SF
Price / SF$124.85
Days on Market15
Property Features for 4971 - 4973 Parker Ave
General Information
Standard status
Active
Size
3,284 SF
Property subtype
Multi-Family
Units
Unit Mix
4 x 1BR/1BA
Multifamily Units
4
Additional Details
Gross Income
$35,580
Amenities
covered front porch
private parking
balcony or back deck
central air
washer & dryer hook ups
storage areas
Building Details
Year Built
1927
Buildings
1
Construction
brick
Listing Agency:
EXP Realty, LLC
Listed By:
Christoph Dewald, Brian Dewald
Source:
Gracestreetrealty
Added: Oct 1
Changed: Oct 5
Last Checked: Oct 7 at 3:57PM
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 EXP Realty, LLC
Investment Insights
Based on property information with market context.
Built in 1927, this 3,284-square-foot brick quadplex contains four apartments, each with one bedroom and one full bath. Kitchens and bathrooms have been updated, and central air serves every unit. Each apartment also has a balcony or rear deck. A 2025 roof replacement, private rear parking, and a basement with storage areas, washer and dryer hookups, and a walk-up round out the property.
The property is in Northampton, near Tilles Park, Tower Grove Park, The Hill, Schnucks, restaurants, and shopping. Kingshighway and Hampton provide nearby access routes.
The property is in Northampton, near Tilles Park, Tower Grove Park, The Hill, Schnucks, restaurants, and shopping. Kingshighway and Hampton provide nearby access routes.
Key Highlights
- Four apartments, each with one bedroom and one full bath
- 3,284 square feet in a brick building constructed in 1927
- Roof replaced in 2025
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,118
Cap Rate
8.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$702,360
$702.4K
Cap Rate 7%
$501,686
$501.7K
Cap Rate 9%
$390,200
$390.2K
Market Conditions
NOI Build-Up for 3,284 SF
Gross rent
$53.2K $16.20/SF
− Vacancy
−$3.0K −$0.92/SF
EGI
$50.2K $15.28/SF
− OpEx
−$15.1K −$4.58/SF
NOI
$35.1K $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%
$702,360
Cap Rate 7%
$501,686
Cap Rate 9%
$390,200
Alternative Uses
Best Use
Multifamily LT 5
$501.7K
$439.0K – $585.3K
NOI $35,118 @ 7.0% cap · market cap 8.57%
Second Best
Apartment 5plus
$436.6K
$382.0K – $509.4K
NOI $30,561 @ 7.0% cap · market cap 7.45%
Theoretical Best
Office A
$704.8K
$616.7K – $822.3K
NOI $49,336 @ 7.0% cap · market cap 12.03%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
689
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 one-bedroom residences feature updated kitchens and baths, central air, and private outdoor space.
Where is this quadplex located?
The property is located at 4971 - 4973 Parker Ave Saint Louis, MO.
What is the asking price?
The asking price for this property is $410,000.
What are key features of this property?
This property features: Four apartments, each with one bedroom and one full bath; 3,284 square feet in a brick building constructed in 1927; Roof replaced in 2025
