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4981 Rosalie St 16 Unit Apartment Building $490,000 ($30,625/Unit) 16% Cap Rate Saint Louis, MO 63115
EXECUTIVE SUMMARY
This 16-unit apartment complex offers a value-add opportunity with in-place income and strong upside. With 5 tenants currently in place and units primed for renovation, rents can be increased from the current $540 average toward market levels, targeting an estimated 10% cap rate after stabilization. The building would benefit from comprehensive electrical and plumbing upgrades, along with renovations and updates to the vacant units, making it well-suited for an investor prepared to execute a thoughtful rehab plan and unlock long-term cash flow.
FINANCIAL SUMMARY (PRO FORMA - 2026) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$145,152
|
$8.38
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$14,516
|
$0.84
|
| Effective Gross Income |
$130,636
|
$7.54
|
| Taxes |
$5,054
|
$0.29
|
| Operating Expenses |
$52,254
|
$3.02
|
| Total Expenses |
$57,308
|
$3.31
|
| Net Operating Income |
$73,328
|
$4.23
|
FINANCIAL SUMMARY (PRO FORMA - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $145,152 |
| Annual Per SF | $8.38 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $14,516 |
| Annual Per SF | $0.84 |
| Effective Gross Income | |
|---|---|
| Annual | $130,636 |
| Annual Per SF | $7.54 |
| Taxes | |
|---|---|
| Annual | $5,054 |
| Annual Per SF | $0.29 |
| Operating Expenses | |
|---|---|
| Annual | $52,254 |
| Annual Per SF | $3.02 |
| Total Expenses | |
|---|---|
| Annual | $57,308 |
| Annual Per SF | $3.31 |
| Net Operating Income | |
|---|---|
| Annual | $73,328 |
| Annual Per SF | $4.23 |
PROPERTY FACTS
| Price | $490,000 | Property Subtype | Apartment |
| Price Per Unit | $30,625 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 16% | Lot Size | 0.37 AC |
| Sale Condition | Bulk/Portfolio Sale | Building Size | 17,322 SF |
| Gross Rent Multiplier | 3.37 | Average Occupancy | 44% |
| No. Units | 16 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1928 |
| Zoning | A-Single Family Residenti | ||
| Price | $490,000 |
| Price Per Unit | $30,625 |
| Sale Type | Investment |
| Cap Rate | 16% |
| Sale Condition | Bulk/Portfolio Sale |
| Gross Rent Multiplier | 3.37 |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.37 AC |
| Building Size | 17,322 SF |
| Average Occupancy | 44% |
| No. Stories | 2 |
| Year Built | 1928 |
| Zoning | A-Single Family Residenti |
AMENITIES
SITE AMENITIES
- Fenced Lot
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 16 | - | - |
1 1
PROPERTY TAXES
| Parcel Number | 5493-00-0150-0 | Total Assessment | $60,380 (2025) |
| Land Assessment | $3,380 (2025) | Annual Taxes | $5,054 ($0.29/SF) |
| Improvements Assessment | $57,000 (2025) | Tax Year | 2026 |
PROPERTY TAXES
Parcel Number
5493-00-0150-0
Land Assessment
$3,380 (2025)
Improvements Assessment
$57,000 (2025)
Total Assessment
$60,380 (2025)
Annual Taxes
$5,054 ($0.29/SF)
Tax Year
2026
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4981 Rosalie St
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