Updated 5-Unit Apartment
For Sale
$539,900
712-14 Shenandoah Avenue St, Louis, MO 63104
Residential Income, St Louis, MO
Property Size4,692 SF
Lot Size0.21 Acres
Price / SF$115.07
Days on Market68
Property Features for 712-14 Shenandoah Avenue St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 3, Bathroom 4, Bedroom 4, Bathroom 1, Bedroom 2, Bedroom 5, Dining Room, Bathroom 3, Basement, Bedroom 1, Bathroom 2, Bathroom 5
Parking
5
Parking features
Off Street, Alley
Interior features
Breakfast Bar, Ceiling Fan(s), Dining/Living Room Combo, High Ceilings, High Speed Internet
Exterior features
Entry Steps/Stairs, Lighting
Basement
Exterior Entry, Storage Space, Unfinished, Dirt Floor
Appliances
Dishwasher, Disposal, Free-Standing Electric Oven
Subdivision
Cabanne Walkers Add
Lot features
Near Public Transit
Elementary school
Adams Elem.
Middle school
Long Middle Community Ed. Center
High school
Roosevelt High
Elementary school district
St. Louis City
Middle school district
St. Louis City
High school district
St. Louis City
Standard status
Active
APN
0796-00-0050-0
Size
4,692 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5713
Utilities
Heating system
Natural Gas
Cooling system
Central Air, Ceiling Fan(s)
Water source
Public
Building Details
Year built
1906
Floors in Building
2
Number of units
5
Flooring type
Hardwood
Building materials
Brick
Roof type
Flat, Membrane
Architectural style
Other
Listing Agency:
Berkshire Hathaway HomeServices Select Properties
(314) 835-6000
Listed By:
Kristina Hodges · License #2017034384
(303) 437-6217
Added: Jul 3
Changed: Sep 3
Last Checked: Sep 8 at 9:06AM
MLS# 26029112
Copyright © 2026 Mid America Regional Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 5-unit apartment property contains 4,692 square feet on a 0.2091-acre parcel. The fully occupied building has updated interiors with hardwood flooring, high ceilings, ceiling fans, and combined dining and living areas. Kitchens include dishwashers, disposals, and free-standing electric ovens. Central air and natural-gas heating serve the apartments, while brick construction and a flat membrane roof define the exterior.
Located at 712-14 Shenandoah Avenue in St. Louis, Missouri, the property includes alley access and off-street parking. Public water serves the building, and exterior lighting is in place. The property was built in 1906 and includes basement space along with five bedrooms and five bathrooms identified in the room inventory.
Located at 712-14 Shenandoah Avenue in St. Louis, Missouri, the property includes alley access and off-street parking. Public water serves the building, and exterior lighting is in place. The property was built in 1906 and includes basement space along with five bedrooms and five bathrooms identified in the room inventory.
Key Highlights
- 5‑unit apartment property with 4,692 square feet
- Fully occupied with 4 leases expiring from late 2026 to early 2027
- Situated on a 0.2091‑acre parcel at 712‑14 Shenandoah Avenue
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
$43,664
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
8.09%
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%
$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
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
$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 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%
$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 8.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.01M
$881.1K – $1.17M
NOI $70,489 @ 7.0% cap · market cap 13.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
5
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
745
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied apartments feature updated interiors, central air, and off-street parking.
Where is this apartment building located?
The property is located at 712-14 Shenandoah Avenue St Louis, MO.
What is the asking price?
The asking price for this property is $539,900.
What are key features of this property?
This property features: 5‑unit apartment property with 4,692 square feet; Fully occupied with 4 leases expiring from late 2026 to early 2027; Situated on a 0.2091‑acre parcel at 712‑14 Shenandoah Avenue
