Brick Quadplex with
New
For Sale
$325,000
5006 - 5008 Chippewa St, Louis, MO 63109
Residential Income, St Louis, MO
Property Size2,856 SF
Lot Size0.14 Acres
Price / SF$113.80
Days on Market2
Property Features for 5006 - 5008 Chippewa St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
1
Bathrooms
1
Full bathrooms
1
Rooms
Bedroom 1, Bathroom 1, Basement
Parking
6
Parking features
Off Street, Parking Lot
Basement
Unfinished, Storage Space
Subdivision
Northampton
Elementary school
Buder 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
6038-00-0150-0
Size
2,856 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Description
C. B. 6038 CHIPPEWA 42 FT 8 IN X 145 FT NORTHAMPTON ADDN BLK 12 LOTS E-16 & 17
Legal Description
C. B. 6038 CHIPPEWA 42 FT 8 IN X 145 FT NORTHAMPTON ADDN BLK 12 LOTS E-16 & 17
Utilities
Heating system
Forced Air
Cooling system
Wall/Window Unit(s), Window Unit(s)
Amenities
balconies
concrete parking pad
washer/dryer hookups
storage
Building Details
Year built
1926
Floors in Building
2
Building materials
Brick, Stone
Architectural style
Other
Listing Agency:
Berkshire Hathaway HomeServices Select Properties
(636) 720-1100
Listed By:
David Haley · License #2007017472
(314) 835-6000
Added: Aug 23
Changed: Aug 24
Last Checked: Aug 24 at 6:06AM
MLS# 25055460
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.
This 2,856-square-foot quadplex contains four fully occupied units, each arranged with one bedroom, one bathroom, a living room, and an eat-in kitchen equipped with appliances. Balconies extend the usable living area, while the shared basement provides designated washer and dryer hookups along with storage. The building was constructed in 1926 with brick and stone exterior materials and is served by forced-air heat and wall or window unit cooling.
Located at 5006–5008 Chippewa in St. Louis, the property includes a 0.14-acre lot with off-street parking and a concrete parking pad. The North Hampton setting places the building near parks, shopping, dining, and major highways. A second building at 5026–5028 Chippewa is also offered for sale under MLS# 25055468.
Located at 5006–5008 Chippewa in St. Louis, the property includes a 0.14-acre lot with off-street parking and a concrete parking pad. The North Hampton setting places the building near parks, shopping, dining, and major highways. A second building at 5026–5028 Chippewa is also offered for sale under MLS# 25055468.
Key Highlights
- Four fully occupied 1‑bedroom/1‑bath units
- 2,856 square feet on a 0.14‑acre lot
- Balconies included with each unit
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
$26,578
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
8.18%
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%
$531,560
$531.6K
Cap Rate 7%
$379,686
$379.7K
Cap Rate 9%
$295,311
$295.3K
Market Conditions
NOI Build-Up for 2,856 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
$51.4K $18.00/SF
− Vacancy
−$3.1K −$1.08/SF
EGI
$48.3K $16.92/SF
− OpEx
−$21.7K −$7.61/SF
NOI
$26.6K $9.31/SF
Area
St. Louis County, MO
Vacancy
6.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
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%
$531,560
Cap Rate 7%
$379,686
Cap Rate 9%
$295,311
Alternative Uses
Best Use
Multifamily LT 5
$436.3K
$381.8K – $509.0K
NOI $30,541 @ 7.0% cap · market cap 9.40%
Second Best
Apartment 5plus
$379.7K
$332.2K – $443.0K
NOI $26,578 @ 7.0% cap · market cap 8.18%
Theoretical Best
Office A
$612.9K
$536.3K – $715.1K
NOI $42,906 @ 7.0% cap · market cap 13.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
831
Businesses Nearby
Explore this area
Business Placement
Demographics for 63109, MO
26,777
Population
14,963
Households
1.8
Avg Household Size
39
Median Age
52%
College-Educated
96%
High-School Grad
3.5 sq mi
ZIP Area
7,651
Density / Sq Mi
$71,563
Median Household Income
$52,245
Median Earnings
$929
Median Rent
$244,900
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 - Fully occupied four-unit property with one-bedroom layouts, private baths, balconies, and shared basement storage.
Where is this quadplex located?
The property is located at 5006 - 5008 Chippewa St Louis, MO.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Four fully occupied 1‑bedroom/1‑bath units; 2,856 square feet on a 0.14‑acre lot; Balconies included with each unit
