Four-Unit Mixed-Use
For Sale
$539,900
4974 Fyler Ave, Saint Louis, MO 63139
Two-level layout supports residential, commercial, and live/work configurations.
Property Size4,296 SF
Price / SF$125.68
Days on Market24
Property Features for 4974 Fyler Ave
General Information
Standard status
Active
Size
4,296 SF
Total Parking Spaces
2
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$4,830
Amenities
zoned HVAC
in-unit washer and dryer
unfinished basement with full bathroom, kitchen, and additional washer and dryer
Building Details
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
Keller Williams Realty St. Louis
(314) 503-4937
Listed By:
Angela Kittner-Brosseau · License #2004027203
(314) 503-4937
Source:
Exprealty
Added: Jul 28
Changed: Aug 18
Last Checked: Aug 19 at 1:10PM
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 Keller Williams Realty St. Louis
Investment Insights
Based on property information with market context.
This 4,296-square-foot quadplex is arranged as two sides, with one main-level unit and one upper-level apartment on each side. The main-floor units each offer 1 bedroom, 1 bathroom, and an eat-in kitchen, with potential for commercial or residential use. Above, each 2-bedroom, 1-bath apartment includes a living room, eat-in kitchen, and walkthrough bonus room suitable for additional flex space. Every unit has zoned HVAC and an in-unit washer and dryer.
The unfinished basement adds a full bathroom, kitchen, storage, and another washer and dryer. A detached two-car garage and off-street parking serve the property. One upper-level unit is occupied, while the other three units are vacant. The property is in a walkable South City neighborhood near Kingshighway and minutes from Forest Park, the Saint Louis Zoo, the Saint Louis Art Museum, The Muny, parks, shopping, and dining.
The unfinished basement adds a full bathroom, kitchen, storage, and another washer and dryer. A detached two-car garage and off-street parking serve the property. One upper-level unit is occupied, while the other three units are vacant. The property is in a walkable South City neighborhood near Kingshighway and minutes from Forest Park, the Saint Louis Zoo, the Saint Louis Art Museum, The Muny, parks, shopping, and dining.
Key Highlights
- 4,296‑square‑foot quadplex configured with two main‑level units and two upper‑level apartments
- Main‑floor units each include 1 bedroom, 1 bathroom, and an eat‑in kitchen
- Upper‑level apartments each offer 2 bedrooms, 1 bathroom, a living room, kitchen, and walkthrough bonus room
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
$45,940
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
8.51%
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%
$918,800
$918.8K
Cap Rate 7%
$656,286
$656.3K
Cap Rate 9%
$510,444
$510.4K
Market Conditions
NOI Build-Up for 4,296 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
$69.6K $16.20/SF
− Vacancy
−$4.0K −$0.92/SF
EGI
$65.6K $15.28/SF
− OpEx
−$19.7K −$4.58/SF
NOI
$45.9K $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%
$918,800
Cap Rate 7%
$656,286
Cap Rate 9%
$510,444
Alternative Uses
Best Use
Mixed Use
$754.8K
$660.5K – $880.7K
NOI $52,839 @ 7.0% cap · market cap 9.79%
Second Best
Multifamily LT 5
$656.3K
$574.3K – $765.7K
NOI $45,940 @ 7.0% cap · market cap 8.51%
Theoretical Best
Office A
$922.0K
$806.8K – $1.08M
NOI $64,540 @ 7.0% cap · market cap 11.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
579
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 - Two-level layout supports residential, commercial, and live/work configurations.
Where is this quadplex located?
The property is located at 4974 Fyler Ave Saint Louis, MO.
What is the asking price?
The asking price for this property is $539,900.
What are key features of this property?
This property features: 4,296‑square‑foot quadplex configured with two main‑level units and two upper‑level apartments; Main‑floor units each include 1 bedroom, 1 bathroom, and an eat‑in kitchen; Upper‑level apartments each offer 2 bedrooms, 1 bathroom, a living room, kitchen, and walkthrough bonus room
