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4624 Newport Ave
Saint Louis, MO 63116
Multifamily Property For Sale
·
4 Units
Investment Highlights
- Updated electric, HVAC, plumbing stacks, and a 2024 roof minimize early capital needs
- Prime Tower Grove South location near major retail, restaurants, and Tower Grove Park
- Spacious, renovated one-bedroom layouts with large kitchens and dining areas
- Strong demographic base with high renter demand and professional management in place
Executive Summary
4624 Newport Avenue presents a compelling multifamily investment opportunity in the highly desirable Tower Grove South neighborhood of St. Louis. This classic 1925 full-masonry four-family building features spacious, recently remodeled one-bedroom residences averaging 816 square feet, each offering generous living areas, large kitchens, and traditional architectural charm. Recent capital upgrades, including updated electric service, HVAC improvements, stack replacements, and a 2024 roof installation, reduce near-term maintenance risk and position the property for stable long-term performance.
Property Facts
| Price Per Unit | $106,051 CAD | Lot Size | 0.11 AC |
| Sale Type | Investment | Building Size | 3,264 SF |
| No. Units | 4 | Average Occupancy | 75% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1925 |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Building Class | C |
| Price Per Unit | $106,051 CAD |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 3,264 SF |
| Average Occupancy | 75% |
| No. Stories | 2 |
| Year Built | 1925 |
| Opportunity Zone |
Yes |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
Property Taxes
| Parcel Number | 5316-00-0100-0 | Improvements Assessment | $44,145 CAD |
| Land Assessment | $2,189 CAD | Total Assessment | $46,334 CAD |
Property Taxes
Parcel Number
5316-00-0100-0
Land Assessment
$2,189 CAD
Improvements Assessment
$44,145 CAD
Total Assessment
$46,334 CAD
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