4-Unit Apartment Building with Hardwood
For Sale
$550,000
5932 Loughborough Avenue, Saint Louis, MO 63109
The 3,602-square-foot property offers two two-bedroom units and two one-bedroom units, each with a separate dining room.
Property Size3,602 SF
Price / SF$152.69
Days on Market33
Property Features for 5932 Loughborough Avenue
General Information
Standard status
Active
Size
3,602 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$5,454
Building Details
Building Size
3,602 SF
Year Built
1947
Buildings
1
Stories
2
Units
4
Listing Agency:
Garcia Properties
(314) 353-0336
Listed By:
Anna Garcia
(314) 973-3319
Source:
Finehomesbydawn
Added: Sep 22
Changed: Oct 23
Last Checked: Oct 23 at 1:12PM
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 Garcia Properties
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Investment Insights
Based on property information with market context.
At 5932 Loughborough Avenue, this 3,602-square-foot, four-unit apartment property dates to 1947. Its layout includes two two-bedroom apartments and two one-bedroom apartments, with private bedrooms and a separate dining room in every unit. Living and dining areas are spacious, and hardwood flooring runs throughout. Updated windows add to the building’s features. Appliances remain, including the seller’s washers and dryers.
The property is in St. Louis Hills, within walking distance of Francis Park, Willmore Park, Ted Drewes, LeGrand’s and Mom’s Deli. Mechanical updates include three furnaces that are less than 8 years old and three air-conditioning units installed in 2025.
The property is in St. Louis Hills, within walking distance of Francis Park, Willmore Park, Ted Drewes, LeGrand’s and Mom’s Deli. Mechanical updates include three furnaces that are less than 8 years old and three air-conditioning units installed in 2025.
Key Highlights
- Four apartments: two 2‑bedroom units and two 1‑bedroom units
- 3,602 square feet; built in 1947
- Private bedrooms and separate dining rooms in every apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,518
Cap Rate
7.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$770,360
$770.4K
Cap Rate 7%
$550,257
$550.3K
Cap Rate 9%
$427,978
$428.0K
Market Conditions
NOI Build-Up for 3,602 SF
Gross rent
$58.4K $16.20/SF
− Vacancy
−$3.3K −$0.92/SF
EGI
$55.0K $15.28/SF
− OpEx
−$16.5K −$4.58/SF
NOI
$38.5K $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%
$770,360
Cap Rate 7%
$550,257
Cap Rate 9%
$427,978
Alternative Uses
Best Use
Multifamily LT 5
$550.3K
$481.5K – $642.0K
NOI $38,518 @ 7.0% cap · market cap 7.00%
Second Best
Apartment 5plus
$478.9K
$419.0K – $558.7K
NOI $33,520 @ 7.0% cap · market cap 6.09%
Theoretical Best
Office A
$773.1K
$676.4K – $901.9K
NOI $54,114 @ 7.0% cap · market cap 9.84%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
301
Businesses Nearby
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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
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Quadplex - The 3,602-square-foot property offers two two-bedroom units and two one-bedroom units, each with a separate dining room.
Where is this quadplex located?
The property is located at 5932 Loughborough Avenue Saint Louis, MO.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Four apartments: two 2‑bedroom units and two 1‑bedroom units; 3,602 square feet; built in 1947; Private bedrooms and separate dining rooms in every apartment
