17-Unit Apartment
New
For Sale
$1,895,000
1265 Moorlands Drive, Richmond Heights, MO 63117
Residential Income, Richmond Heights, MO
Property Size16,485 SF
Lot Size0.44 Acres
Price / SF$114.95
Days on Market4
Property Features for 1265 Moorlands Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
3
Bathrooms
3
Full bathrooms
3
Rooms
Basement, Bathroom 1, Bathroom 3, Bedroom 1, Bathroom 2, Bedroom 3, Bedroom 2
Subdivision
Westmoor Park 2
Elementary school
Mrh Elementary
Middle school
Mrh Middle
High school
Maplewood-Richmond Hgts. High
Elementary school district
Maplewood-Richmond Heights
Middle school district
Maplewood-Richmond Heights
High school district
Maplewood-Richmond Heights
Standard status
Active
APN
20J-42-0560
Size
16,485 SF
Lot size
0.44 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
16773
Utilities
Heating system
Radiant
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Public
Building Details
Year built
1940
Flooring type
Hardwood
Building materials
Brick
Architectural style
Other
Listing Agency:
Salient Realty Group, LLC
(314) 374-3687
Listed By:
Timothy McCarthy
(636) 699-5668
Added: Oct 26
Changed: Oct 28
Last Checked: Oct 29 at 10:06AM
MLS# 26068527
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.
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Investment Insights
Based on property information with market context.
This 17-unit multifamily property occupies a 0.44-acre site in Richmond Heights. The 16,485-square-foot brick buildings date to 1940 and include varied apartment layouts, including a two-bedroom, one-bathroom basement unit. Six garages and separate storage units are also part of the property. Unit 69F, a two-bedroom, one-bathroom apartment, requires renovation and updates to satisfy occupancy inspection requirements.
The property is on Moorlands Drive, with Downtown Clayton, Washington University, Forest Park, and shopping and dining destinations identified nearby. Building features include hardwood flooring, radiant heat, and wall or window air-conditioning units.
The property is on Moorlands Drive, with Downtown Clayton, Washington University, Forest Park, and shopping and dining destinations identified nearby. Building features include hardwood flooring, radiant heat, and wall or window air-conditioning units.
Key Highlights
- 17 apartment units across 16,485 square feet
- 0.44‑acre property in Richmond Heights
- Six garages and storage units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$153,409
Cap Rate
8.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,068,180
$3.1M
Cap Rate 7%
$2,191,557
$2.2M
Cap Rate 9%
$1,704,544
$1.7M
Market Conditions
NOI Build-Up for 16,485 SF
Gross rent
$296.7K $18.00/SF
− Vacancy
−$17.8K −$1.08/SF
EGI
$278.9K $16.92/SF
− OpEx
−$125.5K −$7.61/SF
NOI
$153.4K $9.31/SF
Area
St. Louis County, MO
Vacancy
6.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,068,180
Cap Rate 7%
$2,191,557
Cap Rate 9%
$1,704,544
Alternative Uses
Best Use
Apartment 5plus
$2.19M
$1.92M – $2.56M
NOI $153,409 @ 7.0% cap · market cap 8.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.54M
$3.10M – $4.13M
NOI $247,658 @ 7.0% cap · market cap 13.07%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
17
Residential units
Location Intelligence
Trade Area within ½ mile
1,044
Businesses Nearby
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Business Placement
Demographics for 63117, MO
9,660
Population
4,917
Households
2
Avg Household Size
37
Median Age
74%
College-Educated
99%
High-School Grad
2.4 sq mi
ZIP Area
4,025
Density / Sq Mi
$86,667
Median Household Income
$59,872
Median Earnings
$1,216
Median Rent
$330,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - A 1940 brick property combines varied apartment layouts with garage and storage components.
Where is this apartment building located?
The property is located at 1265 Moorlands Drive Richmond Heights, MO.
What is the asking price?
The asking price for this property is $1,895,000.
What are key features of this property?
This property features: 17 apartment units across 16,485 square feet; 0.44‑acre property in Richmond Heights; Six garages and storage units
