Craftsman Quadplex with Central
For Sale
$364,900
Pending
5247 Bancroft Avenue St, Louis, MO 63109
Residential Income, St Louis, MO
Property Size3,200 SF
Lot Size0.11 Acres
Days on Market46
Property Features for 5247 Bancroft Avenue St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 5, Bedroom 1, Bathroom 1, Bathroom 2, Bathroom 5, Basement, Bathroom 3, Bedroom 3, Bedroom 4, Bathroom 4, Bedroom 2
Parking
4
Parking features
Off Street
Basement
Full, Partially Finished
Appliances
Dishwasher, Microwave, Range, Refrigerator, Washer/Dryer
Subdivision
Christy Southampton 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
Standard status
Pending
APN
5774-00-0415-0
Size
3,200 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3500
Utilities
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Amenities
hardwood floors
stained glass windows
modern central heat and A/C
updated PVC plumbing
copper water main service
romex wiring
circuit breaker panels
upgraded outside meter base
main electric service
newer commercial grade TPO roof and gutters
deck space
in-unit laundry
Building Details
Year built
1925
Number of units
4
Flooring type
Hardwood, Tile - Ceramic
Building materials
Brick, Concrete
Architectural style
Craftsman
Listing Agency:
Realty Exchange · Coldwell Banker Real Estate
(314) 647-2220
Listed By:
Sara Blandino · License #2012040985
(314) 647-2220
Added: Jul 7
Changed: Aug 19
Last Checked: Aug 21 at 6:06AM
MLS# 26021432
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.
5247 Bancroft is a 4-family craftsman quadplex with approximately 3,200 square feet of living space on a 0.1086-acre lot, built in 1925. The building features one larger two-bedroom, one-and-a-half-bath unit with two levels, plus three standard units with a four-room, walk-thru layout. The standard units include a living room, bedroom, dining area, and kitchen, with one bed and one bath.
Each unit has practical everyday comfort and finishes, including hardwood floors and many stained glass windows that preserve the home’s character. Common convenience items include in-unit laundry in the larger unit, and the building also includes forced-air heating and central air conditioning. Out back, there is deck space and off-street parking with parking spaces for each apartment.
Recent improvements are focused on core systems and exterior durability, including modern central heat and A/C, updated PVC plumbing with a copper water main service, romex wiring and circuit breaker panels, an upgraded outside meter base and main electric service, and a newer commercial-grade TPO roof with gutters. Appliances include dishwasher, microwave, range, refrigerator, and washer/dryer.
Each unit has practical everyday comfort and finishes, including hardwood floors and many stained glass windows that preserve the home’s character. Common convenience items include in-unit laundry in the larger unit, and the building also includes forced-air heating and central air conditioning. Out back, there is deck space and off-street parking with parking spaces for each apartment.
Recent improvements are focused on core systems and exterior durability, including modern central heat and A/C, updated PVC plumbing with a copper water main service, romex wiring and circuit breaker panels, an upgraded outside meter base and main electric service, and a newer commercial-grade TPO roof with gutters. Appliances include dishwasher, microwave, range, refrigerator, and washer/dryer.
Key Highlights
- Approximately 3,200 SF craftsman 4‑family quadplex built in 1925
- One two‑level two‑bedroom, one‑and‑a‑half‑bath unit plus three standard one‑bedroom units
- Central air and forced‑air heating, with in‑unit laundry in the larger 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
$29,779
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
8.16%
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%
$595,580
$595.6K
Cap Rate 7%
$425,414
$425.4K
Cap Rate 9%
$330,878
$330.9K
Market Conditions
NOI Build-Up for 3,200 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
$57.6K $18.00/SF
− Vacancy
−$3.5K −$1.08/SF
EGI
$54.1K $16.92/SF
− OpEx
−$24.4K −$7.61/SF
NOI
$29.8K $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 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%
$595,580
Cap Rate 7%
$425,414
Cap Rate 9%
$330,878
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
897
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 - Built in 1925, this craftsman 4-family quadplex offers central air and off-street parking.
Where is this quadplex located?
The property is located at 5247 Bancroft Avenue St 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: Approximately 3,200 SF craftsman 4‑family quadplex built in 1925; One two‑level two‑bedroom, one‑and‑a‑half‑bath unit plus three standard one‑bedroom units; Central air and forced‑air heating, with in‑unit laundry in the larger unit
