4344 McRee Avenue AvenueSt Louis, MO 63110
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4344 McRee Avenue is a fully rehabbed and stabilized 4-unit quadruplex investment opportunity in the rapidly appreciating Forest Park Southeast submarket. This institutional-quality asset offers an exceptional 8.35% cap rate with significant value-add opportunity through rental increases to market rates. Some highlights include: Complete renovation 2020-2021 with premium finishes. Property tax abatement through 2026 ($5,600+ annual savings). Current rents $177-$277 below market comparables. Walking distance to Washington University Medical Campus 8.52% NOI margin demonstrates operational efficiency. Rear parking for 4 vehicles. Missouri capital gains tax elimination (2025)
| 2 weeks ago | Listing first seen on site | |
| a month ago | Listing updated with changes from the MLS® |
Based on information submitted to the MLS GRID as of 2026-01-19 12:40 AM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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