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Stabilized 20-Unit Multifamily Building
For Sale
$1,900,000

7412-7418 Olian Drive, Hazelwood, MO 63042

MULTI_FAMILY - Other - Hazelwood, MO

Property Size20,154 SF
Lot Size0.13 Acres
Price / SF$94.27
Days on Market153

Property Features for 7412-7418 Olian Drive

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 3
Bathrooms 2
Full bathrooms 2
Rooms Bedroom 3, Basement, Bedroom 1, Bathroom 1, Bedroom 2, Bathroom 2
Parking features Off Street, Parking Lot
Window features Window Coverings
Interior features Custom Cabinetry, Granite Counters, Lever Faucets, Storage
Exterior features Courtyard
Basement Storage Space, Unfinished, Concrete
Appliances Microwave, Electric Range, Refrigerator
Subdivision Elm Grove Lane 1
Lot features Cleared, Level
Elementary school Mcnair Elem.
Middle school Northwest Middle
High school Hazelwood West High
Elementary school district Hazelwood
Middle school district Hazelwood
High school district Hazelwood
Standard status Active
APN 08K-12-1127
Size 20,154 SF
Lot size 0.13 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description ELM GROVE LANE PLAT 1 LOT PTS 8 & 9 (8 5 88)
Tax Annual Amount 16857
Legal Description ELM GROVE LANE PLAT 1 LOT PTS 8 & 9 (8 5 88)

Utilities

Heating system Forced Air
Cooling system Central Air
Water source Public

Building Details

Year built 1959
Floors in Building 2
Number of units 20
Building materials Brick
Roof type Shingle
Architectural style Other
Additional Structures Storage
Listing Agency: Realty Executives of St. Louis · Realty Executives International
Listed By: Chrisy Smith · License #1999106100
Added: Feb 27 Changed: Jul 29 Last Checked: Jul 30 at 11:06PM
MLS# 26009021

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 stabilized, turn-key multifamily property consists of 20 apartment units configured as 8 one-bedroom units and 12 two-bedroom units. The units are described as spacious and updated, with many featuring remodeled kitchens, updated baths, and hardwood or vinyl plank flooring. Select units are noted to include granite countertops and stainless steel appliances, and the property also reports mostly updated HVAC systems and water heaters, along with sewer line replacement.

The buildings provide off-street parking and offer access to coin-operated and tenant-owned laundry facilities located in the basements. The property is located in the Hazelwood School District and is described as having convenient access to highways, shopping, and major employment hubs.

For tenants, the unit mix supports a range of household sizes, and monthly billing is described as rent plus utility reimbursements. For owners, the listing highlights professional management and a stabilized operating profile, with the existing updates and on-site amenities intended to support day-to-day residency. Please do not disturb tenants.

Key Highlights

  • 20‑unit brick multifamily property built in 1959, featuring a mix of 8 one‑bedroom and 12 two‑bedroom units
  • Many units have updated kitchens with granite counters and select stainless steel appliances
  • Updates noted including remodeled baths and hardwood or vinyl plank flooring across units

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Building Supply Dental Office HVAC Service Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

20
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

638
Businesses Nearby

Demographics for 63042, MO

19,646
Population
9,619
Households
2
Avg Household Size
36
Median Age
23%
College-Educated
92%
High-School Grad
10.4 sq mi
ZIP Area
1,889
Density / Sq Mi
$49,384
Median Household Income
$34,292
Median Earnings
$939
Median Rent
$138,800
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Stabilized 20-unit apartment building with updated interiors, off-street parking, and on-site laundry facilities in the basements.
Where is this apartment building located?
The property is located at 7412-7418 Olian Drive Hazelwood, MO.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: 20‑unit brick multifamily property built in 1959, featuring a mix of 8 one‑bedroom and 12 two‑bedroom units; Many units have updated kitchens with granite counters and select stainless steel appliances; Updates noted including remodeled baths and hardwood or vinyl plank flooring across units
More about this property
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