4-Unit Quadplex with
For Sale
$325,000
5026 - 5028 Chippewa, Saint Louis, MO 63109
Fully occupied building with private laundry hookups, basement storage, and concrete parking pads.
Property Size2,856 SF
Price / SF$113.80
Days on Market72
Property Features for 5026 - 5028 Chippewa
General Information
Standard status
Active
Size
2,856 SF
Property subtype
Multi-Family
Building Details
Year Built
1926
Listing Agency:
Berkshire Hathaway HomeServices Select Properties
Listed By:
David Haley · License #2007017472
(314) 677-4554
Source:
Gracestreetrealty
Added: Aug 13
Changed: Oct 15
Last Checked: Oct 7 at 1:40PM
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 Berkshire Hathaway HomeServices Select Properties
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Investment Insights
Based on property information with market context.
Built in 1926, this 2,856-square-foot quadplex contains four fully occupied apartments, each arranged with one bedroom, one bathroom, a living room, and an eat-in kitchen equipped with appliances. The property also includes sunrooms, designated washer and dryer hookups, and storage in the shared basement.
A concrete parking pad serves the property at 5026–5028 Chippewa in St. Louis’ North Hampton neighborhood. Parks, shopping, dining, and major highways are located nearby, providing convenient access to everyday amenities and regional travel routes.
A concrete parking pad serves the property at 5026–5028 Chippewa in St. Louis’ North Hampton neighborhood. Parks, shopping, dining, and major highways are located nearby, providing convenient access to everyday amenities and regional travel routes.
Key Highlights
- Four fully occupied 1‑bedroom/1‑bath units
- 2,856 SF quadplex built in 1926
- Each apartment includes an eat‑in kitchen with appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,578
Cap Rate
8.18%
Suggested Prices Based on Cap Rates
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
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 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.
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Property Analytics
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Location Intelligence
Trade Area within ½ mile
704
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 - Fully occupied building with private laundry hookups, basement storage, and concrete parking pads.
Where is this quadplex located?
The property is located at 5026 - 5028 Chippewa Saint 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 SF quadplex built in 1926; Each apartment includes an eat‑in kitchen with appliances
