Renovated Four-Unit Apartment
For Sale
$408,999
5022 Elenore Avenue, Saint Louis, MO 63116
Four one-bedroom residences offer updated finishes, stainless steel appliances, basement laundry and assigned parking.
Property Size2,938 SF
Price / SF$139.21
Days on Market425
Property Features for 5022 Elenore Avenue
General Information
Standard status
Active
Size
2,938 SF
Property subtype
2-4 Units
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
4 x 1BR
Multifamily Units
4
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$2,993
Amenities
on-site laundry
assigned parking
Building Details
Building Size
2,938 SF
Year Built
1926
Buildings
1
Listing Agency:
Platinum Realty of St. Louis
Listed By:
Kathleen Lawrence · License #2012006198
(888) 220-0988
Source:
Janetmcafee
Added: Sep 1, 2025
Changed: Oct 26
Last Checked: Oct 26 at 2:52PM
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 Platinum Realty of St. Louis
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Investment Insights
Based on property information with market context.
This 2,938-square-foot apartment building, constructed in 1926, contains four one-bedroom units with coordinated updates. Each residence has stainless steel appliances, granite countertops, LVP flooring and a soaking tub. Laundry facilities are located in the basement, and each unit has assigned parking.
Two units are occupied and two are vacant. The property is near Christy Park, with access to public transportation and major highways. The sale is as-is, where-is; the seller will not make repairs or provide credits.
Two units are occupied and two are vacant. The property is near Christy Park, with access to public transportation and major highways. The sale is as-is, where-is; the seller will not make repairs or provide credits.
Key Highlights
- Four one‑bedroom apartments in a 2,938‑square‑foot building
- Two units occupied and two vacant
- Updated interiors include stainless steel appliances, granite countertops and LVP flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,418
Cap Rate
7.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$628,360
$628.4K
Cap Rate 7%
$448,829
$448.8K
Cap Rate 9%
$349,089
$349.1K
Market Conditions
NOI Build-Up for 2,938 SF
Gross rent
$47.6K $16.20/SF
− Vacancy
−$2.7K −$0.92/SF
EGI
$44.9K $15.28/SF
− OpEx
−$13.5K −$4.58/SF
NOI
$31.4K $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%
$628,360
Cap Rate 7%
$448,829
Cap Rate 9%
$349,089
Alternative Uses
Best Use
Multifamily LT 5
$448.8K
$392.7K – $523.6K
NOI $31,418 @ 7.0% cap · market cap 7.68%
Second Best
Apartment 5plus
$390.6K
$341.8K – $455.7K
NOI $27,341 @ 7.0% cap · market cap 6.68%
Theoretical Best
Office A
$630.5K
$551.7K – $735.6K
NOI $44,138 @ 7.0% cap · market cap 10.79%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
780
Businesses Nearby
Explore this area
Business Placement
Demographics for 63116, MO
41,959
Population
22,394
Households
1.9
Avg Household Size
37
Median Age
37%
College-Educated
90%
High-School Grad
5.4 sq mi
ZIP Area
7,770
Density / Sq Mi
$60,193
Median Household Income
$42,012
Median Earnings
$946
Median Rent
$161,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Quadplex - Four one-bedroom residences offer updated finishes, stainless steel appliances, basement laundry and assigned parking.
Where is this quadplex located?
The property is located at 5022 Elenore Avenue Saint Louis, MO.
What is the asking price?
The asking price for this property is $408,999.
What are key features of this property?
This property features: Four one‑bedroom apartments in a 2,938‑square‑foot building; Two units occupied and two vacant; Updated interiors include stainless steel appliances, granite countertops and LVP flooring
