4042 Nebraska Avenue, St Louis, MO 63118

• 7,919 sqft

Property Description

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 $2,500 Maintenance & Reserves (5% of Gross) $3,960 Property Management (8% of Gross) $6,019 Admin/Misc Exp $1,000 Total Estimated Operating Expenses = $14,263 $75,240 - $14,263 = $60,977 (Net Operating Income)

Listing Status:

Active

Date Added:

May 29, 2026

Data Last Updated:

July 8, 2026 at 8:19PM

Listing Office:

EXP Realty, LLC : 866-224-1761

MLS ID:

26031698

Interior

• Flooring: LinoleumWood
• A/C: None

Exterior

• Style: Apartment Style

Construction

• General: BrickApartment Style

Location

• Originating MLS: maris2
• School District: St. Louis City
• County: St Louis City

Lot

• Zoning: 2601-00-0050-0

Utilities

• Water: Public

Financial

• Source: maris2