Four-Unit Residential Income
7723 Gannon Avenue St Louis, MO 63130
7723 Gannon Avenue St, Louis, MO, 63130
$650,000
For Sale
Under Contract
$650,000
MULTI_FAMILY - Other - St Louis, MO
Property Size4,828 SF
Lot Size0.26 Acres
Price / SF$134.63
Days on Market11
Property Features for 7723 Gannon Avenue St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 8
- Bathrooms
- 4
- Rooms
- Bedroom 6, Bedroom 7, Bedroom 8, Bedroom 3, Bathroom 2, Bathroom 1, Dining Room, Bedroom 1, Bedroom 5, Bedroom 2, Bathroom 4, Bathroom 3, Basement, Bedroom 4
- Parking
- 4
- Parking features
- Garage
- Interior features
- Breakfast Room, Ceiling Fan(s), Crown Molding, Eat-in Kitchen, Historic Millwork, Pantry, Separate Dining, Smart Thermostat
- Exterior features
- Entry Steps/Stairs, Garden, Lighting
- Basement
- Storage Space, Unfinished
- Appliances
- Stainless Steel Appliance(s), Dishwasher, Disposal, Microwave, Free-Standing Range, Refrigerator, Water Heater
- Standard status
- Active Under Contract
- APN
- 18K-63-2824
- Size
- 4,828 SF
- Lot size
- 0.26 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 9524
Utilities
- Heating system
- Natural Gas
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1935
- Number of units
- 4
- Flooring type
- Tile, Carpet, Wood
- Building materials
- Brick
- Roof type
- Slate
- Architectural style
- Other
Listing agency
Coldwell Banker Premier Group
(314) 647-0001
Listed by
Ryan Shakofsky · License #2003009346
(314) 647-0001
Added: Jul 13 Updated: Jul 22 at 9:49AM Checked: Jul 23 at 6:06AM
MLS# 26044575
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.
Situated at 7723 Gannon Avenue in University City, this four-family residential income building presents four spacious 2-bedroom, 1-bath apartments. The property has been meticulously maintained by the same owner for decades, with numerous major improvements described including full-building tuckpointing, mostly updated HVAC systems and electrical panels, upgraded copper plumbing, updated windows, and preserved historic stained glass. Interior finishes include original hardwood floors in each unit. Exterior improvements include a maintained slate roof with a copper bay, along with professionally maintained landscaping and a vibrant green lawn.
Additional amenities include garage parking, ample street parking, and private basement storage lockers for each unit. The building is described as centrally located on a quiet, tree-lined street, and is positioned minutes from the Delmar Loop, Washington University, major hospitals, highways, parks, restaurants, and entertainment.
Additional amenities include garage parking, ample street parking, and private basement storage lockers for each unit. The building is described as centrally located on a quiet, tree-lined street, and is positioned minutes from the Delmar Loop, Washington University, major hospitals, highways, parks, restaurants, and entertainment.
Key Highlights
- Four‑family building built in 1935 with four spacious 2‑bedroom, 1‑bath units
- Slate roof with historic stained glass and a striking copper bay; brick construction
- Each unit features original hardwood floors plus separate dining and an eat‑in kitchen with pantry
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $78.2k | $16.20 |
| − Vacancy | −$4.5k | −$0.92 |
| EGI | $73.8k | $15.28 |
| − OpEx | −$22.1k | −$4.58 |
| NOI | $51.6k | $10.69 |
4,828 SF · lease $16.20/SF/yr · vacancy 5.70% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$737.6K
$645.4K – $860.5K
NOI $51,629 @ 7.0% cap · market cap 7.94%
Second Best
Apartment 5plus
$641.8K
$561.6K – $748.8K
NOI $44,929 @ 7.0% cap · market cap 6.91%
Theoretical Best
Office A
$1.04M
$906.7K – $1.21M
NOI $72,532 @ 7.0% cap · market cap 11.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four 2-bedroom, 1-bath units with garage parking and basement storage lockers, supported by major building improvements.
Where is this quadplex located?
The property is located at 7723 Gannon Avenue St Louis, MO.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Four‑family building built in 1935 with four spacious 2‑bedroom, 1‑bath units; Slate roof with historic stained glass and a striking copper bay; brick construction; Each unit features original hardwood floors plus separate dining and an eat‑in kitchen with pantry
