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4042 Nebraska Avenue, Saint Louis, MO 63118

Saint Louis
Local realty services provided by:CENTURY 21 Broughton Team
4042 Nebraska Avenue,St Louis, MO 63118
$450,000
  • - Beds
  • - Baths
  • 7,919 sq. ft.
  • Multi-family
  • Active
Listed by: jody parrish, steve parrish
Office: exp realty, llc.
MLS#:26031698
Source:MO_MARIS

Price summary

  • Price:$450,000
  • Price per sq. ft.:$56.83

About this home

This beautiful, refurbished 4-unit brick apartment building is a landlord's CASH COW!!! CAP RATE 13.55%!!! CAP RATE = NOI / ASKING PRICE X 100 DO THE MATH!!!! (see below). Featuring two massive 6-bedroom 2-bath units and two spacious 2-bedroom 1-bath units. Enjoy fantastic cash flow with an estimated gross monthly income of $6,600 ($2,100 month for the 6-bed units; $1,200 month for the 2-bed units). Updated kitchens and baths. Newer windows, fresh paint and refinished floors. All occupancy permits have been passed , add the kitchen appliances, and this high-yield multiplex is rental-ready. At an asking price of $450,000, this property represents an exceptionally strong financial opportunity with a projected Capitalization Rate (Cap Rate) of 13.55%!!! Gross Annual Income: $79,200 -5% Vacancy Allowance: $3,960 Effective Gross Income (EGI): $75,240 Estimated Operating Expenses $784 Taxes Estimated Property Insurance...

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Home facts

  • Year built:1890
  • Listing ID #:26031698
  • Added:68 day(s) ago
  • Updated:July 28, 2026 at 03:52 PM

Rooms and interior

  • Basement:Yes
  • Living area:7,919 sq. ft.

Structure and exterior

  • Year built:1890
  • Building area:7,919 sq. ft.
  • Lot area:0.14 Acres
  • Architectural Style:Apartment Style
  • Construction Materials:Brick

Schools

  • High school:Roosevelt High
  • Middle school:Fanning Middle Community Ed.
  • Elementary school:Meramec Elem.

Utilities

  • Water:Public

Finances and disclosures

  • Price:$450,000
  • Price per sq. ft.:$56.83
  • Tax amount:$784 (2025)
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