Renovated Quadplex with
5428 Rhodes Avenue, Saint Louis, MO 63109
For Sale
New
$485,000
All four apartments have central air, and a detached four-car garage provides off-street parking.
Property Size3,418 SF
Price / SF$141.90
Days on Market3
Property Features for 5428 Rhodes Avenue
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Occupancy
Additional Details
Asking Price
Multifamily Units
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
central air
sunporches
Building Details
Building Size
Year Built
Units
Listing Agency:
Byron Martin Real Estate Co.
Listed By:
Byron Martin
(314) 367-0689
Source:
Jenahrealtygroup
Added: Nov 11
Last Checked: Nov 13 at 2:10AM
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 Byron Martin Real Estate Co.
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Investment Insights
Based on property information with market context.
This four-unit residential property contains 3,418 square feet and was built in 1939. Three apartments have renovated kitchens and bathrooms, newer appliances, refinished hardwood flooring, and updated lighting. Each unit includes an enclosed rear sunporch and central air. Building improvements also include upgraded electrical panels and replacement plumbing supply lines and stacks.
A detached brick garage accommodates four cars. All four apartments are occupied.
A detached brick garage accommodates four cars. All four apartments are occupied.
Key Highlights
- Four apartments, each with central air and an enclosed rear sunporch
- Three of four units feature renovated kitchens and bathrooms, newer appliances, refinished hardwood floors, and updated lighting
- Detached brick garage with four‑car capacity
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,551
Cap Rate
7.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$731,020
$731.0K
Cap Rate 7%
$522,157
$522.2K
Cap Rate 9%
$406,122
$406.1K
Market Conditions
NOI Build-Up for 3,418 SF
Gross rent
$55.4K $16.20/SF
− Vacancy
−$3.2K −$0.92/SF
EGI
$52.2K $15.28/SF
− OpEx
−$15.7K −$4.58/SF
NOI
$36.6K $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%
$731,020
Cap Rate 7%
$522,157
Cap Rate 9%
$406,122
Alternative Uses
Best Use
Multifamily LT 5
$522.2K
$456.9K – $609.2K
NOI $36,551 @ 7.0% cap · market cap 7.54%
Second Best
Apartment 5plus
$454.4K
$397.6K – $530.1K
NOI $31,808 @ 7.0% cap · market cap 6.56%
Theoretical Best
Office A
$733.6K
$641.9K – $855.8K
NOI $51,349 @ 7.0% cap · market cap 10.59%
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
639
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
$244,900
Median Home Value
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Market
Average Price Trend$/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 have central air, and a detached four-car garage provides off-street parking.
Where is this quadplex located?
The property is located at 5428 Rhodes Avenue Saint Louis, MO.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: Four apartments, each with central air and an enclosed rear sunporch; Three of four units feature renovated kitchens and bathrooms, newer appliances, refinished hardwood floors, and updated lighting; Detached brick garage with four‑car capacity
