5-Unit Apartment
For Sale
$499,900
712-14 Shenandoah Avenue, Saint Louis, MO 63104
All five residences are occupied, with four leases scheduled to expire between late 2026 and early 2027.
Property Size4,692 SF
Price / SF$106.54
Days on Market172
Property Features for 712-14 Shenandoah Avenue
General Information
Standard status
Active
Size
4,692 SF
Property subtype
2-4 Units
Occupancy
100%
Additional Details
Gross Income
$50,700
Multifamily Units
5
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$5,713
Building Details
Building Size
4,692 SF
Year Built
1906
Listing Agency:
Berkshire Hathaway HomeServices Select Properties
Listed By:
Kristina Hodges · License #2017034384
(314) 835-6000
Source:
Janetmcafee
Added: May 11
Changed: Oct 26
Last Checked: Oct 26 at 3:01PM
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 Berkshire Hathaway HomeServices Select Properties
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 4,692-square-foot apartment property contains five units and was built in 1906. The residences have been updated, and all are currently occupied. Professional management is in place.
Four leases are set to expire from late 2026 through early 2027, providing defined lease turnover dates within the existing unit mix.
Four leases are set to expire from late 2026 through early 2027, providing defined lease turnover dates within the existing unit mix.
Key Highlights
- Five‑unit apartment property with 4,692 square feet
- All five units are occupied
- Four leases expire between late 2026 and early 2027
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,664
Cap Rate
8.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$873,280
$873.3K
Cap Rate 7%
$623,771
$623.8K
Cap Rate 9%
$485,156
$485.2K
Market Conditions
NOI Build-Up for 4,692 SF
Gross rent
$84.5K $18.00/SF
− Vacancy
−$5.1K −$1.08/SF
EGI
$79.4K $16.92/SF
− OpEx
−$35.7K −$7.61/SF
NOI
$43.7K $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%
$873,280
Cap Rate 7%
$623,771
Cap Rate 9%
$485,156
Alternative Uses
Best Use
Apartment 5plus
$623.8K
$545.8K – $727.7K
NOI $43,664 @ 7.0% cap · market cap 8.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.01M
$881.1K – $1.17M
NOI $70,489 @ 7.0% cap · market cap 14.10%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
5
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
853
Businesses Nearby
Explore this area
Business Placement
Demographics for 63104, MO
19,317
Population
10,958
Households
1.8
Avg Household Size
34
Median Age
54%
College-Educated
94%
High-School Grad
3.4 sq mi
ZIP Area
5,681
Density / Sq Mi
$70,127
Median Household Income
$53,693
Median Earnings
$1,054
Median Rent
$249,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - All five residences are occupied, with four leases scheduled to expire between late 2026 and early 2027.
Where is this apartment building located?
The property is located at 712-14 Shenandoah Avenue Saint Louis, MO.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Five‑unit apartment property with 4,692 square feet; All five units are occupied; Four leases expire between late 2026 and early 2027
