Six-Unit Apartment
For Sale
$690,000
17 Village W 6 units Court, Washington, MO 63090
Residential Income, Washington, MO
Property Size5,017 SF
Lot Size0.49 Acres
Price / SF$137.53
Days on Market35
Property Features for 17 Village W 6 units Court
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
1
Full bathrooms
1
Rooms
Bedroom 1, Bedroom 2, Bathroom 1
Appliances
Range, Refrigerator
Subdivision
Village West Condos
Elementary school
Washington West Elem.
Middle school
Washington Middle
High school
Washington High
Elementary school district
Washington
Middle school district
Washington
High school district
Washington
Standard status
Active
APN
10-5-220-2-037-254607
Size
5,017 SF
Lot size
0.49 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Lot U8 Plat 6
Tax Annual Amount
3042
HOA Fee
$158 Monthly
Legal Description
Lot U8 Plat 6
Utilities
Utilities
Cable Available
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1985
Floors in Building
2
Flooring type
Carpet, Laminate
Building materials
Brick
Roof type
Asbestos Shingle
Architectural style
Other
Listing Agency:
RE/MAX Results · RE/MAX International
(636) 239-3003
Listed By:
Janie Schriewer · License #1999117614
(314) 781-7777
Added: Jul 22
Changed: Aug 23
Last Checked: Aug 25 at 7:06AM
MLS# 26007623
Copyright © 2026 Mid America Regional Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 5,017-square-foot apartment property contains six two-bedroom, one-bath units, with two units on each of three levels. Built in 1985, the building features brick construction, carpet and laminate flooring, central air, forced-air heating, public water, and cable availability. Each residence includes a range and refrigerator, and the units have been well-maintained. The roof is finished with asbestos shingles.
The property occupies 0.4882 acres in Washington, Missouri. All six units are currently rented. Showings require 48 hours’ notice, providing a defined scheduling process for property access.
The property occupies 0.4882 acres in Washington, Missouri. All six units are currently rented. Showings require 48 hours’ notice, providing a defined scheduling process for property access.
Key Highlights
- Six units, each configured with 2 bedrooms and 1 bathroom
- 5,017‑square‑foot apartment building on 0.4882 acres
- All six units are currently rented
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$47,875
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.94%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$957,500
$957.5K
Cap Rate 7%
$683,929
$683.9K
Cap Rate 9%
$531,944
$531.9K
Market Conditions
NOI Build-Up for 5,017 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$92.1K $18.36/SF
− Vacancy
−$5.1K −$1.01/SF
EGI
$87.0K $17.35/SF
− OpEx
−$39.2K −$7.81/SF
NOI
$47.9K $9.54/SF
Area
Franklin County, MO
Vacancy
5.50%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$957,500
Cap Rate 7%
$683,929
Cap Rate 9%
$531,944
Alternative Uses
Best Use
Apartment 5plus
$683.9K
$598.4K – $797.9K
NOI $47,875 @ 7.0% cap · market cap 6.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.48M
$1.29M – $1.72M
NOI $103,391 @ 7.0% cap · market cap 14.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
590
Businesses Nearby
Explore this area
Business Placement
Demographics for 63090, MO
22,843
Population
9,745
Households
2.3
Avg Household Size
43
Median Age
33%
College-Educated
94%
High-School Grad
81.5 sq mi
ZIP Area
280
Density / Sq Mi
$83,966
Median Household Income
$46,556
Median Earnings
$873
Median Rent
$260,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Brick construction with central air, forced-air heat, and public water service.
Where is this apartment building located?
The property is located at 17 Village W 6 units Court Washington, MO.
What is the asking price?
The asking price for this property is $690,000.
What are key features of this property?
This property features: Six units, each configured with 2 bedrooms and 1 bathroom; 5,017‑square‑foot apartment building on 0.4882 acres; All six units are currently rented
