Furnished 4-Unit Residential
New
For Sale
$840,000
922 Allen Avenue St, Louis, MO 63104
Residential Income, St Louis, MO
Property Size7,732 SF
Lot Size0.12 Acres
Price / SF$108.64
Days on Market6
Property Features for 922 Allen Avenue St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 2, Basement, Bedroom 1, Bedroom 4, Bathroom 4, Bedroom 2, Bathroom 3, Bathroom 1, Bedroom 3
Parking features
Off Street
Basement
Concrete
Subdivision
Allens Add
Elementary school
Sigel Elem. Comm. Ed. Center
Middle school
Fanning Middle Community Ed.
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
068291200000
Size
7,732 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2675
Utilities
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Amenities
in-unit laundry
updated kitchens
hardwood floors
central air
private decks/patio
off-street parking
basement storage
Building Details
Year built
1893
Number of units
7
Building materials
Brick
Architectural style
Other
Listing Agency:
The Agency
(314) 677-1477
Listed By:
Anthony Klier · License #2022012991
(314) 280-9996
Added: Aug 25
Changed: Aug 26
Last Checked: Aug 30 at 2:06AM
MLS# 26052849
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 four-unit residential property contains furnished one-bedroom flats and is currently fully leased. Each unit includes in-unit laundry, an updated kitchen, hardwood flooring, central air, and a private deck or patio. Off-street parking and basement storage serve the property. Improvements completed in 2018 included HVAC, electrical, plumbing, and roof work. The building has brick construction, forced-air heating, and public water service.
Located at 922 Allen Avenue in St. Louis’s Soulard neighborhood, the property is near SSM Health SLU and BJC/Barnes-Jewish hospitals. McGurk’s, Molly’s, the Soulard Farmers Market, and the Anheuser-Busch Brewery are also identified nearby. The property occupies 0.1239 acres and includes 7732 square feet, with an original construction date of 1893.
Located at 922 Allen Avenue in St. Louis’s Soulard neighborhood, the property is near SSM Health SLU and BJC/Barnes-Jewish hospitals. McGurk’s, Molly’s, the Soulard Farmers Market, and the Anheuser-Busch Brewery are also identified nearby. The property occupies 0.1239 acres and includes 7732 square feet, with an original construction date of 1893.
Key Highlights
- Four furnished one‑bedroom units, currently fully leased
- 7732 square feet on 0.1239 acres
- 2018 improvements included HVAC, electrical, plumbing, and roof work
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
$71,954
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
8.57%
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%
$1,439,080
$1.4M
Cap Rate 7%
$1,027,914
$1.0M
Cap Rate 9%
$799,489
$799.5K
Market Conditions
NOI Build-Up for 7,732 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
$139.2K $18.00/SF
− Vacancy
−$8.4K −$1.08/SF
EGI
$130.8K $16.92/SF
− OpEx
−$58.9K −$7.61/SF
NOI
$72.0K $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%
$1,439,080
Cap Rate 7%
$1,027,914
Cap Rate 9%
$799,489
Alternative Uses
Best Use
Multifamily LT 5
$1.18M
$1.03M – $1.38M
NOI $82,683 @ 7.0% cap · market cap 9.84%
Second Best
Apartment 5plus
$1.03M
$899.4K – $1.20M
NOI $71,954 @ 7.0% cap · market cap 8.57%
Theoretical Best
Office A
$1.66M
$1.45M – $1.94M
NOI $116,160 @ 7.0% cap · market cap 13.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,005
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
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Frequently Asked Questions
What type of property is this?
Quadplex - Four furnished flats offer updated interiors, private outdoor areas, laundry, parking, and basement storage.
Where is this quadplex located?
The property is located at 922 Allen Avenue St Louis, MO.
What is the asking price?
The asking price for this property is $840,000.
What are key features of this property?
This property features: Four furnished one‑bedroom units, currently fully leased; 7732 square feet on 0.1239 acres; 2018 improvements included HVAC, electrical, plumbing, and roof work
