4-Unit Quadplex with Detached
5244 Neosho Street, Saint Louis, MO 63109
For Sale
New
$415,000
Pending
All four apartments are leased through September 2027, with separate entrances and basement laundry hookups.
Property Size3,200 SF
Days on Market3
Property Features for 5244 Neosho Street
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Occupancy
Additional Details
Multifamily Units
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
dishwashers
stainless appliances
ceiling fans
decorative fireplaces
pocket doors
private entrances
eat-in kitchens
individual laundry hook-ups
storage units
shared back yard
Full,Sleeping Area,Walk-Out Access
Hardwood,Luxury Vinyl
Yes
In Basement
Public Records
4
Decorative
3200
Public
0.109
Detached
Building Details
Building Size
Year Built
Buildings
Listing Agency:
(636) 275-1178
Listed By:
Scott Hickinbotham
Source:
Scotthickinbotham
Added: Nov 8
Last Checked: Nov 10 at 1:49AM
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 Scott Hickinbotham
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Investment Insights
Based on property information with market context.
This 3,200-square-foot quadplex contains four occupied apartments, each with a private entrance. Unit features include eat-in kitchens, dishwashers, stainless appliances, decorative fireplaces, updated bathrooms, ceiling fans and closet space. The basement provides individual laundry hookups and storage areas. A detached two-car garage and shared backyard are also on the property; the garage is currently used for owner storage.
Building improvements include furnaces and air conditioning systems installed in 2022, updated electrical panels and wiring, vinyl windows, repaired chimneys and tuckpointing. The sewer lateral runs from beneath the building to the street. A roof is identified with the date 8/26. The property is in Southampton, near the Macklind Mile, and was built in 1916. All four apartments are leased through September 2027.
Building improvements include furnaces and air conditioning systems installed in 2022, updated electrical panels and wiring, vinyl windows, repaired chimneys and tuckpointing. The sewer lateral runs from beneath the building to the street. A roof is identified with the date 8/26. The property is in Southampton, near the Macklind Mile, and was built in 1916. All four apartments are leased through September 2027.
Key Highlights
- Four occupied apartments, each with a private entrance
- 3,200‑square‑foot building on a 0.109‑acre parcel
- Detached two‑car garage; currently used for owner storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,220
Cap Rate
8.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$684,400
$684.4K
Cap Rate 7%
$488,857
$488.9K
Cap Rate 9%
$380,222
$380.2K
Market Conditions
NOI Build-Up for 3,200 SF
Gross rent
$51.8K $16.20/SF
− Vacancy
−$3.0K −$0.92/SF
EGI
$48.9K $15.28/SF
− OpEx
−$14.7K −$4.58/SF
NOI
$34.2K $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%
$684,400
Cap Rate 7%
$488,857
Cap Rate 9%
$380,222
Alternative Uses
Best Use
Multifamily LT 5
$488.9K
$427.8K – $570.3K
NOI $34,220 @ 7.0% cap · market cap 8.25%
Second Best
Apartment 5plus
$425.4K
$372.2K – $496.3K
NOI $29,779 @ 7.0% cap · market cap 7.18%
Theoretical Best
Office A
$686.8K
$600.9K – $801.2K
NOI $48,074 @ 7.0% cap · market cap 11.58%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
808
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
$244,900
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in St. Louis County, MO
Properties on Market for Quadplexes in St. Louis County
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Quadplex - All four apartments are leased through September 2027, with separate entrances and basement laundry hookups.
Where is this quadplex located?
The property is located at 5244 Neosho Street Saint Louis, MO.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: Four occupied apartments, each with a private entrance; 3,200‑square‑foot building on a 0.109‑acre parcel; Detached two‑car garage; currently used for owner storage
