Three-Unit Multifamily
1731-33 Nicholson Place St Louis, MO 63104
For Sale
$449,900
Pending
MULTI_FAMILY - Other - St Louis, MO
Property Size1,650 SF
Lot Size0.07 Acres
Days on Market13
Property Features for 1731-33 Nicholson Place St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 3
- Rooms
- Bedroom 2, Bathroom 2, Bathroom 3, Bedroom 4, Bedroom 3, Bathroom 1, Basement, Bedroom 1
- Exterior features
- Private Yard
- Basement
- Unfinished
- Standard status
- Pending
- APN
- 1326-00-0145-0
- Size
- 1,650 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 2888
Utilities
- Heating system
- Natural Gas
- Cooling system
- Central Air, Ceiling Fan(s)
- Water source
- Public
Building Details
- Year built
- 1907
- Flooring type
- Varies
- Building materials
- Brick
- Architectural style
- Other
Listing Agency:
Failoni Consultants R.E.Co.
(314) 772-8407
Listed By:
Wayne Failoni · License #1999019426
(314) 772-8407
Added: Jul 11
Changed: Jul 22
Last Checked: Jul 23 at 12:06PM
MLS# 26041419
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 well-maintained three-family multifamily property is configured as one side with a spacious 2-bedroom townhome featuring a modern open floor plan, plus two separate 1-bedroom, 1-bath units on the other side. The overall setup provides three independently lived-in spaces within the same building.
The property is located at 1731-33 Nicholson Place in St. Louis, MO 63104, in St. Louis City County. Public remarks describe the surrounding area as a quiet street, with the property positioned near a park and dining.
At approximately 1,650 square feet (as listed), the building is sized to support a mix of unit types, including the 2-bedroom townhome and two 1-bedroom units, creating flexibility for different household needs.
The property is located at 1731-33 Nicholson Place in St. Louis, MO 63104, in St. Louis City County. Public remarks describe the surrounding area as a quiet street, with the property positioned near a park and dining.
At approximately 1,650 square feet (as listed), the building is sized to support a mix of unit types, including the 2-bedroom townhome and two 1-bedroom units, creating flexibility for different household needs.
Key Highlights
- Three‑family home built in 1907 with brick exterior
- Spacious 2‑bedroom, 1‑bath townhome unit with a modern open floor plan
- Additional units: two 1‑bedroom, 1‑bath units
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $26.7k | $16.20 |
| − Vacancy | −$1.5k | −$0.92 |
| EGI | $25.2k | $15.28 |
| − OpEx | −$7.6k | −$4.58 |
| NOI | $17.6k | $10.69 |
1,650 SF · lease $16.20/SF/yr · vacancy 5.70% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$252.1K
$220.6K – $294.1K
NOI $17,644 @ 7.0% cap · market cap 3.92%
Second Best
Apartment 5plus
$219.4K
$191.9K – $255.9K
NOI $15,355 @ 7.0% cap · market cap 3.41%
Theoretical Best
Office A
$354.1K
$309.9K – $413.1K
NOI $24,788 @ 7.0% cap · market cap 5.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Well-maintained three-family property with one 2-bedroom unit and two 1-bedroom units on Nicholson Place.
Where is this triplex located?
The property is located at 1731-33 Nicholson Place St Louis, MO.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: Three‑family home built in 1907 with brick exterior; Spacious 2‑bedroom, 1‑bath townhome unit with a modern open floor plan; Additional units: two 1‑bedroom, 1‑bath units
