All-Brick Four-Unit
For Sale
$450,000
6739 Highland House Court, Saint Louis, MO 63123
Fully occupied four-unit property with two-bedroom layouts, central HVAC, basement storage, and rear off-street parking.
Property Size3,328 SF
Days on Market12
Property Features for 6739 Highland House Court
General Information
Standard status
Active
Size
3,328 SF
Property subtype
2-4 Units
Occupancy
100%
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$5,125
Amenities
basement storage
off-street parking
Building Details
Building Size
3,328 SF
Year Built
1965
Buildings
1
Construction
all-brick
Listing Agency:
Epique Realty
Listed By:
Todd Murray · License #2020041827
(314) 409-3320
Source:
Aimeesimpson
Added: Sep 15
Changed: Sep 25
Last Checked: Sep 26 at 1:49PM
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 Epique Realty
Investment Insights
Based on property information with market context.
Built in 1965, this all-brick quadplex contains four residential units, each arranged with two bedrooms, one bathroom, a living room, dining area, and kitchen. Central HVAC serves every unit, while basement storage and rear off-street parking add practical resident amenities. Select bathroom improvements and newer carpeting contribute to the property’s current condition.
All four units are occupied, providing an existing income-producing configuration at 6739 Highland House Court in Unincorporated, Missouri. Showings are available with an accepted contract.
All four units are occupied, providing an existing income-producing configuration at 6739 Highland House Court in Unincorporated, Missouri. Showings are available with an accepted contract.
Key Highlights
- Four‑unit all‑brick residential building constructed in 1965
- Each unit includes 2 bedrooms, 1 bathroom, living room, dining area, and kitchen
- Central HVAC installed in every unit
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
$35,588
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
7.91%
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%
$711,760
$711.8K
Cap Rate 7%
$508,400
$508.4K
Cap Rate 9%
$395,422
$395.4K
Market Conditions
NOI Build-Up for 3,328 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
$53.9K $16.20/SF
− Vacancy
−$3.1K −$0.92/SF
EGI
$50.8K $15.28/SF
− OpEx
−$15.3K −$4.58/SF
NOI
$35.6K $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 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%
$711,760
Cap Rate 7%
$508,400
Cap Rate 9%
$395,422
Alternative Uses
Best Use
Multifamily LT 5
$508.4K
$444.9K – $593.1K
NOI $35,588 @ 7.0% cap · market cap 7.91%
Second Best
Apartment 5plus
$442.4K
$387.1K – $516.2K
NOI $30,970 @ 7.0% cap · market cap 6.88%
Theoretical Best
Office A
$714.2K
$625.0K – $833.3K
NOI $49,997 @ 7.0% cap · market cap 11.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
407
Businesses Nearby
Explore this area
Business Placement
Demographics for 63123, MO
50,989
Population
23,208
Households
2.2
Avg Household Size
41
Median Age
36%
College-Educated
92%
High-School Grad
12.5 sq mi
ZIP Area
4,079
Density / Sq Mi
$74,187
Median Household Income
$43,458
Median Earnings
$987
Median Rent
$205,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Quadplex - Fully occupied four-unit property with two-bedroom layouts, central HVAC, basement storage, and rear off-street parking.
Where is this quadplex located?
The property is located at 6739 Highland House Court Saint Louis, MO.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Four‑unit all‑brick residential building constructed in 1965; Each unit includes 2 bedrooms, 1 bathroom, living room, dining area, and kitchen; Central HVAC installed in every unit
