Brick Quadplex with Private
New
For Sale
$410,000
4971 - 4973 Parker Avenue, Saint Louis, MO 63139
Residential Income, St Louis, MO
Property Size3,284 SF
Lot Size0.11 Acres
Price / SF$124.85
Days on Market5
Property Features for 4971 - 4973 Parker Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 4, Bedroom 1, Bathroom 2, Basement, Bathroom 4, Bedroom 2, Bathroom 3, Bedroom 3, Bathroom 1
Parking
4
Parking features
Off Street, Alley, On Street
Patio and Porch features
Deck, Porch
Exterior features
Balcony
Basement
Full
Subdivision
Kingshighway Hills
Lot features
Level, Near Park, Near Public Transit
Elementary school
Mason 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
Directions
GPS Friendly :-)
Standard status
Active
APN
6074-00-0410-0
Size
3,284 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
C. B. 6074 PARKER 37 FT X 130 FT KINGSHIGHWAY HILLS ADDN BLK 11 LOT 36
Tax Annual Amount
3729
Legal Description
C. B. 6074 PARKER 37 FT X 130 FT KINGSHIGHWAY HILLS ADDN BLK 11 LOT 36
Utilities
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Amenities
private parking
covered front porch
central air
washer & dryer hook ups
basement storage
balcony or back deck
Building Details
Year built
1927
Floors in Building
2
Number of units
4
Building materials
Brick
Architectural style
Other
Listing Agency:
EXP Realty, LLC
(866) 224-1761
Listed By:
Christoph Dewald · License #2020037702
(636) 232-1614
Added: Sep 29
Changed: Oct 1
Last Checked: Oct 3 at 12:06AM
MLS# 26051183
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.
Built in 1927, this 3,284-square-foot brick quadplex contains four apartments, each with one bedroom and one full bathroom. Kitchens and bathrooms have been updated, and all units have central air. A balcony or deck serves each apartment. The property also includes a basement with storage areas, washer and dryer hookups, and a walk-up. The roof was replaced in 2025, and parking is available behind the building.
Three units are rented and one is vacant. The property occupies a 0.1104-acre lot at 4971–4973 Parker Avenue in St. Louis. Tilles Park, Tower Grove Park, The Hill, Schnucks, restaurants, and shopping are among the nearby destinations; Kingshighway and Hampton provide access routes.
Three units are rented and one is vacant. The property occupies a 0.1104-acre lot at 4971–4973 Parker Avenue in St. Louis. Tilles Park, Tower Grove Park, The Hill, Schnucks, restaurants, and shopping are among the nearby destinations; Kingshighway and Hampton provide access routes.
Key Highlights
- Four apartments, each with one bedroom and one full bathroom
- 3,284 square feet on a 0.1104‑acre lot
- Brick construction; built in 1927
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
$35,118
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
8.57%
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%
$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
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
$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 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%
$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.
Property Analytics
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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
Check the figures for this property
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 apartments offer updated kitchens and baths, central air, and individual outdoor space.
Where is this quadplex located?
The property is located at 4971 - 4973 Parker Avenue 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 bathroom; 3,284 square feet on a 0.1104‑acre lot; Brick construction; built in 1927
