Four-Unit Apartment
New
For Sale
$365,000
6142 Morganford Rd, Saint Louis, MO 63116
Three apartments are leased, with one currently vacant; each has central air conditioning and forced-air heat.
Property Size2,552 SF
Price / SF$143.03
Days on Market4
Property Features for 6142 Morganford Rd
General Information
Standard status
Active
Size
2,552 SF
Total Parking Spaces
4
Property subtype
Multi-Family
Occupancy
75%
Units
Unit Mix
4 x 1BR/1BA
Multifamily Units
4
Amenities
central air conditioning
forced air heat
washer/dryer hookups
Building Details
Year Built
1942
Buildings
1
Listing Agency:
Realty Of America, LLC
Listed By:
DRG - Delhougne Realty Group
(636) 238-3830
Source:
Drgstl
Added: Oct 7
Changed: Oct 10
Last Checked: Oct 9 at 7:35PM
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 Realty Of America, LLC
Investment Insights
Based on property information with market context.
This 1942 four-unit apartment building contains four one-bedroom, one-bath apartments across 2,552 square feet. Central air conditioning and forced-air heat serve the units. Washer and dryer hookups are located in the lower level, and a rear parking pad provides four off-street spaces.
Three apartments are leased, while the fourth is vacant. The property is on Morganford Road in the Holly Hills area of St. Louis, a short distance from Carondelet Park.
Three apartments are leased, while the fourth is vacant. The property is on Morganford Road in the Holly Hills area of St. Louis, a short distance from Carondelet Park.
Key Highlights
- Four apartments, each with one bedroom and one bathroom
- 2,552‑square‑foot building constructed in 1942
- Three units leased and one unit vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,290
Cap Rate
7.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$545,800
$545.8K
Cap Rate 7%
$389,857
$389.9K
Cap Rate 9%
$303,222
$303.2K
Market Conditions
NOI Build-Up for 2,552 SF
Gross rent
$41.3K $16.20/SF
− Vacancy
−$2.4K −$0.92/SF
EGI
$39.0K $15.28/SF
− OpEx
−$11.7K −$4.58/SF
NOI
$27.3K $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%
$545,800
Cap Rate 7%
$389,857
Cap Rate 9%
$303,222
Alternative Uses
Best Use
Multifamily LT 5
$389.9K
$341.1K – $454.8K
NOI $27,290 @ 7.0% cap · market cap 7.48%
Second Best
Apartment 5plus
$339.3K
$296.9K – $395.8K
NOI $23,749 @ 7.0% cap · market cap 6.51%
Theoretical Best
Office A
$547.7K
$479.2K – $639.0K
NOI $38,339 @ 7.0% cap · market cap 10.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
75%
Occupancy
Location Intelligence
Trade Area within ½ mile
450
Businesses Nearby
Explore this area
Business Placement
Demographics for 63116, MO
41,959
Population
22,394
Households
1.9
Avg Household Size
37
Median Age
37%
College-Educated
90%
High-School Grad
5.4 sq mi
ZIP Area
7,770
Density / Sq Mi
$60,193
Median Household Income
$42,012
Median Earnings
$946
Median Rent
$161,100
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
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Frequently Asked Questions
What type of property is this?
Quadplex - Three apartments are leased, with one currently vacant; each has central air conditioning and forced-air heat.
Where is this quadplex located?
The property is located at 6142 Morganford Rd Saint Louis, MO.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: Four apartments, each with one bedroom and one bathroom; 2,552‑square‑foot building constructed in 1942; Three units leased and one unit vacant
