Four-Unit Brick
New
For Sale
$359,900
9216 Central Drive St, Louis, MO 63114
Residential Income, St Louis, MO
Property Size2,880 SF
Lot Size0.18 Acres
Price / SF$124.97
Days on Market3
Property Features for 9216 Central Drive St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
27
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 24, Bedroom 5, Bedroom 19, Bathroom 4, Bedroom 2, Bedroom 4, Bathroom 3, Bedroom 26, Bedroom 12, Bedroom 9, Bathroom 1, Bedroom 16, Bedroom 6, Bedroom 11, Bedroom 22, Bedroom 10, Bedroom 27, Bedroom 15, Bedroom 7, Bedroom 14, Bedroom 20, Bedroom 1, Bedroom 3, Bedroom 8, Bedroom 25, Bedroom 18, Bathroom 2, Bedroom 17, Bedroom 13, Bedroom 21, Bedroom 23
Subdivision
Shackelford Place
Elementary school
Marvin Elem.
Middle school
Ritenour Middle
High school
Ritenour Sr. High
Elementary school district
Ritenour
Middle school district
Ritenour
High school district
Ritenour
Standard status
Active
APN
13K-11-1825
Size
2,880 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4698
Utilities
Cooling system
Wall/Window Unit(s), Window Unit(s)
Building Details
Year built
1954
Building materials
Brick
Architectural style
Other
Listing Agency:
Intersection Real Estate
(314) 229-8216
Listed By:
Alex Adank · License #2017007680
(314) 449-1991
Added: Sep 12
Last Checked: Sep 14 at 12:06AM
MLS# 26058871
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.
Built in 1954, this brick quadplex contains four residential units within 2,880 square feet. The property sits on a 0.18-acre lot and underwent an extensive renovation completed just over two years ago. All four units are occupied, providing an established multifamily configuration at closing.
Located at 9216 Central Drive in St Louis, Missouri, the property is identified by ZIP Code 63114. Cooling is provided through wall or window unit systems. The four-unit layout, brick construction, and recent renovation create a straightforward residential income property profile.
Located at 9216 Central Drive in St Louis, Missouri, the property is identified by ZIP Code 63114. Cooling is provided through wall or window unit systems. The four-unit layout, brick construction, and recent renovation create a straightforward residential income property profile.
Key Highlights
- Four‑unit multifamily property with all units occupied
- 2,880 square feet on a 0.18‑acre lot
- Extensive renovation completed just over two years ago
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
$30,798
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
8.56%
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%
$615,960
$616.0K
Cap Rate 7%
$439,971
$440.0K
Cap Rate 9%
$342,200
$342.2K
Market Conditions
NOI Build-Up for 2,880 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
$46.7K $16.20/SF
− Vacancy
−$2.7K −$0.92/SF
EGI
$44.0K $15.28/SF
− OpEx
−$13.2K −$4.58/SF
NOI
$30.8K $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%
$615,960
Cap Rate 7%
$439,971
Cap Rate 9%
$342,200
Alternative Uses
Best Use
Multifamily LT 5
$440.0K
$385.0K – $513.3K
NOI $30,798 @ 7.0% cap · market cap 8.56%
Second Best
Apartment 5plus
$382.9K
$335.0K – $446.7K
NOI $26,801 @ 7.0% cap · market cap 7.45%
Theoretical Best
Office A
$618.1K
$540.8K – $721.1K
NOI $43,267 @ 7.0% cap · market cap 12.02%
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
413
Businesses Nearby
Explore this area
Business Placement
Demographics for 63114, MO
35,237
Population
15,747
Households
2.2
Avg Household Size
38
Median Age
21%
College-Educated
87%
High-School Grad
8.8 sq mi
ZIP Area
4,004
Density / Sq Mi
$52,048
Median Household Income
$37,116
Median Earnings
$1,082
Median Rent
$109,700
Median Home Value
Check the figures for this property
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 - Renovated multifamily property with all four residences occupied and individual wall or window cooling units.
Where is this quadplex located?
The property is located at 9216 Central Drive St Louis, MO.
What is the asking price?
The asking price for this property is $359,900.
What are key features of this property?
This property features: Four‑unit multifamily property with all units occupied; 2,880 square feet on a 0.18‑acre lot; Extensive renovation completed just over two years ago
