Back to Search
Fully Occupied 12-Unit Apartment Building

7361 Dale Avenue St Louis, MO 63117

Claim this Listing
For Sale
$2,350,000

MULTI_FAMILY - Other - St Louis, MO

Property size:
15,207 SF
Lot size:
0.42 Acres
Price / SF:
$154/SF
Added:
May 23, 2026
Days on Market:
50
Last Refresh:
Jul 11 at 12:06 pm

Property Features for 7361 Dale Avenue St

General Information

Property type
Residential Multi Family
Property subtype
Other
Bedrooms
10
Bathrooms
5
Rooms
Bedroom 4, Bathroom 1, Basement, Bedroom 2, Bedroom 5, Bathroom 3, Bathroom 4, Bathroom 5, Bathroom 2, Bedroom 1, Bedroom 9, Bedroom 6, Bedroom 3, Bedroom 8, Bedroom 7, Bedroom 10
Basement
Storage Space
Appliances
Stainless Steel Appliance(s), Dishwasher, Built-In Gas Range
Standard status
Active
APN
20J-33-1163
Size
15,207 SF
Lot size
0.42 Acres

Taxes and HOA fees

Tax Year
2025
Tax Annual Amount
20389

Utilities

Cooling system
Central Air

Building Details

Year built
1961
Floors in Building
2
Number of units
12
Building materials
Brick
Architectural style
Other

Listing agent Peter Lu License #2006036727

Listing office EXP Realty, LLC 3636 S Geyer Rd Ste 100, Overland Park, MO

Listing date May 23, 2026

MLS# 26032393 Listing URL

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 for-sale multifamily apartment building contains 12 residential units. The units feature wood flooring and neutral paint, along with renovated kitchens and bathrooms. Some units also include in-unit laundry, and additional storage is available in the basement. A new roof was installed in November 2023.

The property is located at 7361 Dale Avenue in St. Louis County, Missouri (63117), in Richmond Heights. It is described as being close to major highways, shopping, parks, and restaurants, supporting convenient day-to-day access for residents.

For buyers seeking a turn-key, income-producing residential asset, the building is being presented as fully occupied. The offering includes an attached memorandum for income and expenses, and the property can be viewed with an accepted contract. Interested parties can review the existing unit finishes and amenities, including which units have in-unit laundry, and consider how the combination of renovated interiors and recent roof replacement may support long-term property management.

Key Highlights

  • 12‑unit multifamily building with brick construction and central air
  • New roof installed November 2023
  • Renovated kitchens and bathrooms, plus wood flooring and neutral paint in units

Local Financial Insights For Apartment 5plus

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 $273.7k $18.00
− Vacancy −$16.4k −$1.08
EGI $257.3k $16.92
− OpEx −$115.8k −$7.61
NOI $141.5k $9.31
15,207 SF · lease $18.00/SF/yr · vacancy 6.00% · expense 45.00%

Alternative Uses

Best Use
Apartment 5plus
$2.02M
$1.77M – $2.36M (±1% cap)
NOI $141,516 @ 7.0% cap · market cap 6.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.26M
$2.86M – $3.81M (±1% cap)
NOI $228,458 @ 7.0% cap · market cap 9.72%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Location Intelligence

Current Use by Public Records

Apartment buildings

FAQs

What type of property is this?
Apartment building - Renovated 12-unit apartment building with some in-unit laundry and a new roof installed in 2023.
Where is this apartment building located?
The property is located at 7361 Dale Avenue St Louis, MO.
What is the asking price?
The asking price for this property is $2,350,000.
What are key features of this property?
This property features: 12‑unit multifamily building with brick construction and central air; New roof installed November 2023; Renovated kitchens and bathrooms, plus wood flooring and neutral paint in units
Contact an agent
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message