Updated Four-Unit
New
For Sale
$429,000
5343 Vernon Avenue St, Louis, MO 63112
Residential Income, St Louis, MO
Property Size4,044 SF
Lot Size0.14 Acres
Price / SF$106.08
Days on Market2
Property Features for 5343 Vernon Avenue St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 3, Bathroom 3, Bathroom 2, Bathroom 4, Bedroom 1, Basement, Bedroom 5, Bedroom 6, Bedroom 7, Bedroom 4, Bedroom 8, Bedroom 2, Bathroom 1
Basement
Full
Appliances
Stainless Steel Appliance(s)
Subdivision
Donovan Add
Elementary school
Bryan Hill Elem.
Middle school
Laclede Elem.
High school
Vashon High
Elementary school district
St. Louis City
Middle school district
St. Louis City
High school district
St. Louis City
Directions
Use GPS
Standard status
Active
APN
2992-02-0350-0
Size
4,044 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
428
Utilities
Cooling system
Central Air
Water source
Public
Amenities
washer/dryer hookup
Building Details
Year built
1923
Floors in Building
1
Number of units
1
Building materials
Brick Veneer
Architectural style
Other
Listing Agency:
Berkshire Hathaway HomeServices Select Properties
(314) 775-2050
Listed By:
Lisa Alexander · License #1999111692
(314) 835-6000
Added: Sep 13
Changed: Sep 14
Last Checked: Sep 14 at 8:06PM
MLS# 26052411
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.
This four-unit quadplex contains 4044 square feet on a 0.1394-acre lot in St. Louis. Built in 1923, the brick-veneer property includes a basement, central air, public water service, stainless steel appliances, and washer-dryer hookups. The room inventory includes eight bedrooms and four bathrooms.
Property updates include plumbing, electrical systems, flooring, and appliances. The property is located at 5343 Vernon Avenue in St. Louis, Missouri, within postal code 63112.
Property updates include plumbing, electrical systems, flooring, and appliances. The property is located at 5343 Vernon Avenue in St. Louis, Missouri, within postal code 63112.
Key Highlights
- Four‑unit quadplex with 4044 square feet of property size
- 0.1394‑acre lot at 5343 Vernon Avenue
- Eight bedrooms and four bathrooms
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
$37,633
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
8.77%
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%
$752,660
$752.7K
Cap Rate 7%
$537,614
$537.6K
Cap Rate 9%
$418,144
$418.1K
Market Conditions
NOI Build-Up for 4,044 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
$72.8K $18.00/SF
− Vacancy
−$4.4K −$1.08/SF
EGI
$68.4K $16.92/SF
− OpEx
−$30.8K −$7.61/SF
NOI
$37.6K $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%
$752,660
Cap Rate 7%
$537,614
Cap Rate 9%
$418,144
Alternative Uses
Best Use
Multifamily LT 5
$617.8K
$540.6K – $720.8K
NOI $43,245 @ 7.0% cap · market cap 10.08%
Second Best
Apartment 5plus
$537.6K
$470.4K – $627.2K
NOI $37,633 @ 7.0% cap · market cap 8.77%
Theoretical Best
Office A
$867.9K
$759.4K – $1.01M
NOI $60,754 @ 7.0% cap · market cap 14.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
744
Businesses Nearby
Explore this area
Business Placement
Demographics for 63112, MO
18,954
Population
11,521
Households
1.6
Avg Household Size
33
Median Age
44%
College-Educated
89%
High-School Grad
3.2 sq mi
ZIP Area
5,923
Density / Sq Mi
$43,262
Median Household Income
$36,297
Median Earnings
$911
Median Rent
$216,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Brick multifamily property with central air, stainless steel appliances, and washer-dryer hookups.
Where is this quadplex located?
The property is located at 5343 Vernon Avenue St Louis, MO.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: Four‑unit quadplex with 4044 square feet of property size; 0.1394‑acre lot at 5343 Vernon Avenue; Eight bedrooms and four bathrooms
