Brick Quadplex with
New
For Sale
$425,000
6040 Southwest Ave, Saint Louis, MO 63139
Three apartments are rented, while the fourth is vacant for showings and leasing.
Property Size3,808 SF
Price / SF$111.61
Days on Market5
Property Features for 6040 Southwest Ave
General Information
Standard status
Active
Size
3,808 SF
Property subtype
Multi-Family
Additional Details
Gross Income
$28,200
Multifamily Units
4
Tenant in Place
Yes
Amenities
laundry hookups
private storage
Building Details
Year Built
1925
Buildings
1
Construction
brick
Listing Agency:
Century 21 Reid Baugher Realty
Listed By:
Strait Realty
(314) 441-4444
Source:
Straitrealty
Added: Oct 26
Changed: Oct 28
Last Checked: Oct 28 at 7:29AM
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 Century 21 Reid Baugher Realty
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Investment Insights
Based on property information with market context.
This 3,808-square-foot brick quadplex was built in 1925 and contains four apartments. Three units are occupied, and the fourth is vacant for showings. The building has hardwood and LVP flooring, updated kitchens and baths in the photographed unit, and a full basement with laundry hookups and private storage for each apartment.
Recent work includes a TPO roof installed in July 2024, updated electrical panels, and renovations to both second-floor units within the past year. Current monthly rents are $725, $800, and $825 across the three rented apartments.
Recent work includes a TPO roof installed in July 2024, updated electrical panels, and renovations to both second-floor units within the past year. Current monthly rents are $725, $800, and $825 across the three rented apartments.
Key Highlights
- Four‑family brick building with 3,808 square feet
- Three units rented; fourth unit vacant for showings
- TPO roof installed July 2024
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,437
Cap Rate
8.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$708,740
$708.7K
Cap Rate 7%
$506,243
$506.2K
Cap Rate 9%
$393,744
$393.7K
Market Conditions
NOI Build-Up for 3,808 SF
Gross rent
$68.5K $18.00/SF
− Vacancy
−$4.1K −$1.08/SF
EGI
$64.4K $16.92/SF
− OpEx
−$29.0K −$7.61/SF
NOI
$35.4K $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 Rate 5%
$708,740
Cap Rate 7%
$506,243
Cap Rate 9%
$393,744
Alternative Uses
Best Use
Multifamily LT 5
$581.7K
$509.0K – $678.7K
NOI $40,721 @ 7.0% cap · market cap 9.58%
Second Best
Apartment 5plus
$506.2K
$443.0K – $590.6K
NOI $35,437 @ 7.0% cap · market cap 8.34%
Theoretical Best
Office A
$817.3K
$715.1K – $953.5K
NOI $57,208 @ 7.0% cap · market cap 13.46%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
614
Businesses Nearby
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Business Placement
Demographics for 63139, MO
21,971
Population
12,187
Households
1.8
Avg Household Size
38
Median Age
49%
College-Educated
96%
High-School Grad
3.8 sq mi
ZIP Area
5,782
Density / Sq Mi
$74,749
Median Household Income
$52,298
Median Earnings
$1,086
Median Rent
$199,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Quadplex - Three apartments are rented, while the fourth is vacant for showings and leasing.
Where is this quadplex located?
The property is located at 6040 Southwest Ave Saint Louis, MO.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Four‑family brick building with 3,808 square feet; Three units rented; fourth unit vacant for showings; TPO roof installed July 2024
