Spanish-Style Four-Unit Brick
For Sale
$500,000
5068 Pernod Ave, Saint Louis, MO 63139
Four apartments offer private outdoor areas, while the property includes a brick garage and basement laundry and storage.
Property Size3,934 SF
Price / SF$127.10
Days on Market13
Property Features for 5068 Pernod Ave
General Information
Standard status
Active
Size
3,934 SF
Property subtype
Residential Income
Units
Unit Mix
4 x 1BR/1BA
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$4,549
Amenities
laundry
storage
balcony
deck
fenced back yard
stainless steel appliances
vaulted ceiling
Building Details
Buildings
1
Construction
Spanish-style
Listing Agency:
Garcia Properties
(314) 973-3319
Listed By:
Anna Garcia
(314) 973-3319
Source:
Exprealty
Added: Aug 11
Changed: Aug 22
Last Checked: Aug 22 at 3:57AM
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 Garcia Properties
Investment Insights
Based on property information with market context.
This 3,934 SF quadplex is a blonde-brick, Spanish-style building with four apartments. Each residence includes a living room, dining room, kitchen, full bathroom, and private bedroom. Interior character includes hardwood flooring, original woodwork, crown molding, arched brick windows, and abundant natural light. One apartment is vacant and has passed its occupancy inspection; that unit also features a vaulted ceiling and updated kitchen finishes, including two-toned shaker cabinets, quartz countertops, stainless steel appliances, a dishwasher, and a floating shelf. An art deco bathroom remains preserved.
Each apartment provides private exterior space with a front balcony and rear deck. The property also includes a fenced backyard, large brick garage, and basement laundry and storage. Located at 5068 Pernod Ave in Saint Louis, the building is in the Northampton neighborhood and within walking distance of The Golden Hoosier, Piper’s Tea & Coffee, Bud’s Pizza, and Uncle Bill’s.
Each apartment provides private exterior space with a front balcony and rear deck. The property also includes a fenced backyard, large brick garage, and basement laundry and storage. Located at 5068 Pernod Ave in Saint Louis, the building is in the Northampton neighborhood and within walking distance of The Golden Hoosier, Piper’s Tea & Coffee, Bud’s Pizza, and Uncle Bill’s.
Key Highlights
- 3,934 SF quadplex with four apartments
- Each unit includes a living room, dining room, kitchen, full bath, and private bedroom
- One vacant unit has passed its occupancy inspection and includes a vaulted ceiling
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
$42,069
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
8.41%
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%
$841,380
$841.4K
Cap Rate 7%
$600,986
$601.0K
Cap Rate 9%
$467,433
$467.4K
Market Conditions
NOI Build-Up for 3,934 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
$63.7K $16.20/SF
− Vacancy
−$3.6K −$0.92/SF
EGI
$60.1K $15.28/SF
− OpEx
−$18.0K −$4.58/SF
NOI
$42.1K $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%
$841,380
Cap Rate 7%
$600,986
Cap Rate 9%
$467,433
Alternative Uses
Best Use
Multifamily LT 5
$601.0K
$525.9K – $701.2K
NOI $42,069 @ 7.0% cap · market cap 8.41%
Second Best
Apartment 5plus
$523.0K
$457.6K – $610.2K
NOI $36,610 @ 7.0% cap · market cap 7.32%
Theoretical Best
Office A
$844.3K
$738.8K – $985.0K
NOI $59,101 @ 7.0% cap · market cap 11.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
717
Businesses Nearby
Explore this area
Business Placement
Demographics for 63139, MO
21,971
Population
12,187
Households
1.8
Avg Household Size
38
Median Age
49%
College-Educated
96%
High-School Grad
3.8 sq mi
ZIP Area
5,782
Density / Sq Mi
$74,749
Median Household Income
$52,298
Median Earnings
$1,086
Median Rent
$199,400
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 apartments offer private outdoor areas, while the property includes a brick garage and basement laundry and storage.
Where is this quadplex located?
The property is located at 5068 Pernod Ave Saint Louis, MO.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 3,934 SF quadplex with four apartments; Each unit includes a living room, dining room, kitchen, full bath, and private bedroom; One vacant unit has passed its occupancy inspection and includes a vaulted ceiling
