4-Unit Quadplex with
For Sale
$335,000
5026 - 5028 Chippewa St, Louis, MO 63109
Residential Income, St Louis, MO
Property Size2,856 SF
Lot Size0.14 Acres
Price / SF$117.30
Days on Market128
Property Features for 5026 - 5028 Chippewa St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 1, Bathroom 1, Bathroom 2, Basement, Bathroom 3, Bedroom 3, Bedroom 4, Bathroom 4, Bedroom 2
Parking
6
Parking features
Parking Lot
Exterior features
Balcony
Basement
Full, Block
Subdivision
Northhampton Park Add
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
6038-00-0100-0
Size
2,856 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2023
Tax Description
C. B. 6038 CHIPPEWA ST 42 FT 8 IN X 145 FT NORTHHAPTON PK ADDN BLK 12 LOT E-11 & W-12
Tax Annual Amount
2771
Legal Description
C. B. 6038 CHIPPEWA ST 42 FT 8 IN X 145 FT NORTHHAPTON PK ADDN BLK 12 LOT E-11 & W-12
Utilities
Heating system
Forced Air
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Amenities
sunroom
washer/dryer hookups with storage
Building Details
Year built
1926
Floors in Building
2
Number of units
4
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: Apr 15
Changed: Aug 19
Last Checked: Aug 20 at 9:06AM
MLS# 25055468
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.
Well-maintained 4-unit quadplex featuring balcony exterior space and an income-focused layout with fully occupied, 1-bedroom/1-bath units. Each unit includes a comfortable living room, spacious eat-in kitchen with appliances, and a private bedroom and bath. Tenants have access to a sunroom, designated washer/dryer hookups, and storage in the shared basement, complemented by a concrete parking pad.
The building is situated on a 0.14-acre lot with 2,856 square feet of total property size. Constructed with brick and stone and built in 1926, the quadplex is served by public water and utilizes forced-air heating. Cooling is provided by wall/window and window unit(s), and on-site parking is available via a parking lot.
For prospective owners, the unit configuration is consistent across the building, supporting a straightforward, low-maintenance residential income approach with resident amenities built into the day-to-day living space.
The building is situated on a 0.14-acre lot with 2,856 square feet of total property size. Constructed with brick and stone and built in 1926, the quadplex is served by public water and utilizes forced-air heating. Cooling is provided by wall/window and window unit(s), and on-site parking is available via a parking lot.
For prospective owners, the unit configuration is consistent across the building, supporting a straightforward, low-maintenance residential income approach with resident amenities built into the day-to-day living space.
Key Highlights
- Four fully occupied 1‑bedroom, 1‑bath units
- Tenants enjoy a sunroom in each unit
- Eat‑in kitchens with appliances in every 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
$30,541
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
9.12%
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%
$610,820
$610.8K
Cap Rate 7%
$436,300
$436.3K
Cap Rate 9%
$339,344
$339.3K
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
$46.3K $16.20/SF
− Vacancy
−$2.6K −$0.92/SF
EGI
$43.6K $15.28/SF
− OpEx
−$13.1K −$4.58/SF
NOI
$30.5K $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%
$610,820
Cap Rate 7%
$436,300
Cap Rate 9%
$339,344
Alternative Uses
Best Use
Multifamily LT 5
$436.3K
$381.8K – $509.0K
NOI $30,541 @ 7.0% cap · market cap 9.12%
Second Best
Apartment 5plus
$379.7K
$332.2K – $443.0K
NOI $26,578 @ 7.0% cap · market cap 7.93%
Theoretical Best
Office A
$612.9K
$536.3K – $715.1K
NOI $42,906 @ 7.0% cap · market cap 12.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
704
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 - Four fully occupied 1-bedroom, 1-bath units with balcony and designated washer/dryer hookups in a shared basement.
Where is this quadplex located?
The property is located at 5026 - 5028 Chippewa St Louis, MO.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: Four fully occupied 1‑bedroom, 1‑bath units; Tenants enjoy a sunroom in each unit; Eat‑in kitchens with appliances in every unit
