Updated Brick Quadplex with
For Sale
$374,900
5504 Devonshire Avenue St, Louis, MO 63109
MULTI_FAMILY - Other - St Louis, MO
Property Size3,094 SF
Lot Size0.11 Acres
Price / SF$121.17
Days on Market8
Property Features for 5504 Devonshire Avenue St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 2, Bathroom 1, Bedroom 1, Bathroom 4, Bathroom 3, Bedroom 2, Bedroom 4, Basement, Bedroom 3
Exterior features
Balcony, Private Yard
Basement
Storage Space
Subdivision
McDermott Park 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
Active
APN
5172-00-0180-0
Size
3,094 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3637
Utilities
Cooling system
Central Air
Amenities
fenced backyard
second-floor front balconies
rear decks
Building Details
Year built
1926
Number of units
4
Building materials
Brick
Architectural style
Other
Listing Agency:
Homecoming Realty, LLC
(314) 484-6396
Listed By:
Amber Cook · License #2004002812
(314) 484-6396
Added: Aug 5
Changed: Aug 6
Last Checked: Aug 12 at 12:06AM
MLS# 26050036
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 1926 brick quadplex contains four shotgun-style apartments, each configured with one bedroom and one bathroom. The 3,094-square-foot building is fully rented to long-term tenants and includes basement electrical breaker panels that have been updated. A new roof was installed in 2023, while central air serves the property. Interior flexibility includes bonus rooms in the east-side units that can support storage or office use.
The property occupies a 0.1132-acre corner lot at 5504 Devonshire Avenue in St. Louis, Missouri, within the 63109 postal area. Residents have access to a fenced backyard, second-floor front balconies, and ample street parking. The location is near the restaurants, shops, and everyday conveniences along Macklind Avenue.
The property occupies a 0.1132-acre corner lot at 5504 Devonshire Avenue in St. Louis, Missouri, within the 63109 postal area. Residents have access to a fenced backyard, second-floor front balconies, and ample street parking. The location is near the restaurants, shops, and everyday conveniences along Macklind Avenue.
Key Highlights
- Four 1‑bedroom, 1‑bathroom apartments in a 3,094‑square‑foot quadplex
- Fully rented with long‑term tenants
- New roof installed in 2023
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
$33,086
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
8.83%
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%
$661,720
$661.7K
Cap Rate 7%
$472,657
$472.7K
Cap Rate 9%
$367,622
$367.6K
Market Conditions
NOI Build-Up for 3,094 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
$50.1K $16.20/SF
− Vacancy
−$2.9K −$0.92/SF
EGI
$47.3K $15.28/SF
− OpEx
−$14.2K −$4.58/SF
NOI
$33.1K $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 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%
$661,720
Cap Rate 7%
$472,657
Cap Rate 9%
$367,622
Alternative Uses
Best Use
Multifamily LT 5
$472.7K
$413.6K – $551.4K
NOI $33,086 @ 7.0% cap · market cap 8.83%
Second Best
Apartment 5plus
$411.3K
$359.9K – $479.9K
NOI $28,793 @ 7.0% cap · market cap 7.68%
Theoretical Best
Office A
$664.0K
$581.0K – $774.7K
NOI $46,482 @ 7.0% cap · market cap 12.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
667
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Four one-bedroom apartments offer long-term occupancy, outdoor space, and convenient access to Macklind Avenue amenities.
Where is this quadplex located?
The property is located at 5504 Devonshire Avenue St Louis, MO.
What is the asking price?
The asking price for this property is $374,900.
What are key features of this property?
This property features: Four 1‑bedroom, 1‑bathroom apartments in a 3,094‑square‑foot quadplex; Fully rented with long‑term tenants; New roof installed in 2023
