Updated Four-Unit Apartment
For Sale
$364,900
Pending
5247 Bancroft Ave, Saint Louis, MO 63109
Four residential units feature individual parking, outdoor deck space, and a mix of one- and two-bedroom layouts.
Property Size3,200 SF
Days on Market95
Property Features for 5247 Bancroft Ave
General Information
Standard status
Pending
Size
3,200 SF
Property subtype
Residential Income
Financials
Cap Rate
8.1%
Gross Income
$40,380
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$3,500
Building Details
Buildings
1
Tenancy
Multi
Listing Agency:
Realty Exchange
(636) 578-6157
Listed By:
Sara Blandino · License #2012040985
(636) 578-6157
Source:
Exprealty
Added: Apr 30
Changed: Aug 2
Last Checked: Aug 2 at 7:51AM
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 Realty Exchange
Investment Insights
Based on property information with market context.
This 3,200-square-foot quadplex includes four residential units, with three approximately 710-square-foot one-bedroom, one-bath apartments and a larger two-bedroom, one-and-a-half-bath unit. The larger residence spans two levels and includes in-unit laundry, a den, and an additional lower-level bedroom. Unit interiors retain stained-glass windows and hardwood flooring, while property improvements include central heat and air conditioning, updated PVC plumbing, copper water main service, Romex wiring, circuit-breaker panels, an upgraded exterior meter base, and a newer commercial-grade TPO roof with gutters.
Located at 5247 Bancroft Ave in Saint Louis, the property sits on a tree-lined residential street near restaurants, parks, shopping, and nightlife. Each apartment has designated parking, and the rear of the building provides deck space. The property reports an 8.1% cap rate after landlord expenses, with three standard units and one larger month-to-month unit.
Located at 5247 Bancroft Ave in Saint Louis, the property sits on a tree-lined residential street near restaurants, parks, shopping, and nightlife. Each apartment has designated parking, and the rear of the building provides deck space. The property reports an 8.1% cap rate after landlord expenses, with three standard units and one larger month-to-month unit.
Key Highlights
- Four‑unit apartment building totaling 3,200 square feet
- Three 1‑bedroom, 1‑bath units approximately 710 sq. ft. each
- Two‑bedroom, 1 1/2‑bath unit spans two levels with in‑unit laundry
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $57.6k | $18.00 |
| − Vacancy | −$3.5k | −$1.08 |
| EGI | $54.1k | $16.92 |
| − OpEx | −$24.4k | −$7.61 |
| NOI | $29.8k | $9.31 |
3,200 SF · lease $18.00/SF/yr · vacancy 6.00% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$488.9K
$427.8K – $570.3K
NOI $34,220 @ 7.0% cap · market cap 9.38%
Second Best
Apartment 5plus
$425.4K
$372.2K – $496.3K
NOI $29,779 @ 7.0% cap · market cap 8.16%
Theoretical Best
Office A
$686.8K
$600.9K – $801.2K
NOI $48,074 @ 7.0% cap · market cap 13.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
913
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 residential units feature individual parking, outdoor deck space, and a mix of one- and two-bedroom layouts.
Where is this quadplex located?
The property is located at 5247 Bancroft Ave Saint Louis, MO.
What is the asking price?
The asking price for this property is $364,900.
What are key features of this property?
This property features: Four‑unit apartment building totaling 3,200 square feet; Three 1‑bedroom, 1‑bath units approximately 710 sq. ft. each; Two‑bedroom, 1 1/2‑bath unit spans two levels with in‑unit laundry
