4-Unit Quadplex with Detached
For Sale
$359,900
5018 Mardel Ave, Saint Louis, MO 63109
Four one-bedroom residences offer basement access and are being conveyed in their present condition.
Property Size3,404 SF
Price / SF$105.73
Days on Market66
Property Features for 5018 Mardel Ave
General Information
Standard status
Active
Size
3,404 SF
Property subtype
Residential Income
Property Condition
Severity
Repairs Needed
Evidence
needs some TLC
Units
Unit Mix
4 x 1BR
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$4,144
Amenities
basement access
detached garage
Listing Agency:
The Hermann London Group LLC
(314) 802-0797
Listed By:
Stephanie Hogenmiller · License #2010033084
(314) 566-5555
Source:
Exprealty
Added: Aug 26
Changed: Oct 25
Last Checked: Oct 28 at 2:07PM
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 The Hermann London Group LLC
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Investment Insights
Based on property information with market context.
This four-unit multifamily property includes one-bedroom residences, basement access, and a detached garage. The building is being sold as-is and requires repairs or updating, with no seller-provided repairs or inspections.
Located at 5018 Mardel Ave in Saint Louis, Missouri, the property has utilities turned off, so showing conditions require caution. The seller will not provide occupancy documentation, and offers must use a special sales contract.
Located at 5018 Mardel Ave in Saint Louis, Missouri, the property has utilities turned off, so showing conditions require caution. The seller will not provide occupancy documentation, and offers must use a special sales contract.
Key Highlights
- Four one‑bedroom units in a quadplex configuration
- Basement access serving the residential units
- Detached garage included with the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,678
Cap Rate
8.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$633,560
$633.6K
Cap Rate 7%
$452,543
$452.5K
Cap Rate 9%
$351,978
$352.0K
Market Conditions
NOI Build-Up for 3,404 SF
Gross rent
$61.3K $18.00/SF
− Vacancy
−$3.7K −$1.08/SF
EGI
$57.6K $16.92/SF
− OpEx
−$25.9K −$7.61/SF
NOI
$31.7K $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 Rate 5%
$633,560
Cap Rate 7%
$452,543
Cap Rate 9%
$351,978
Alternative Uses
Best Use
Multifamily LT 5
$520.0K
$455.0K – $606.7K
NOI $36,401 @ 7.0% cap · market cap 10.11%
Second Best
Apartment 5plus
$452.5K
$396.0K – $528.0K
NOI $31,678 @ 7.0% cap · market cap 8.80%
Theoretical Best
Office A
$730.6K
$639.2K – $852.3K
NOI $51,139 @ 7.0% cap · market cap 14.21%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
717
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Quadplex - Four one-bedroom residences offer basement access and are being conveyed in their present condition.
Where is this quadplex located?
The property is located at 5018 Mardel Ave Saint Louis, MO.
What is the asking price?
The asking price for this property is $359,900.
What are key features of this property?
This property features: Four one‑bedroom units in a quadplex configuration; Basement access serving the residential units; Detached garage included with the property
