Multifamily Building with Private
1282 Hawthorne Place, Richmond Heights, MO 63117
For Sale
$660,000
Residences include in-unit laundry, central air conditioning, individually controlled heat and private outdoor decks.
Property Size3,060 SF
Price / SF$215.69
Days on Market15
Property Features for 1282 Hawthorne Place
General Information
Standard status
Size
Property subtype
Taxes and HOA fees
Annual Taxes
Amenities
secure building access
individually controlled heating systems with central air conditioning
washer and dryer
private deck
designated garage parking
No
Inside
Owner
3060
Public
0.143
1
Building Details
Building Size
Year Built
Buildings
Listing Agency:
CBRE
(636) 275-1178
Listed By:
Ashley Hampton
(314) 655-5862
Source:
Scotthickinbotham
Added: Oct 26
Changed: Nov 9
Last Checked: Nov 9 at 2:21AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,060-square-foot multifamily building, constructed in 1920, offers one-bedroom layouts averaging approximately 800 square feet per unit. Living areas have refinished hardwood floors, and each residence includes a washer and dryer, central air conditioning, individually controlled heating and a private deck. Designated garage parking and secured building entry are also provided.
The property is across from Highland Park in Richmond Heights, with shopping, dining and commuter routes described as accessible from the area.
The property is across from Highland Park in Richmond Heights, with shopping, dining and commuter routes described as accessible from the area.
Key Highlights
- 3,060‑square‑foot multifamily building constructed in 1920
- One‑bedroom layouts average approximately 800 square feet per unit
- Every residence has a private deck, washer and dryer, central air conditioning and individually controlled heat
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,476
Cap Rate
4.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$569,520
$569.5K
Cap Rate 7%
$406,800
$406.8K
Cap Rate 9%
$316,400
$316.4K
Market Conditions
NOI Build-Up for 3,060 SF
Gross rent
$55.1K $18.00/SF
− Vacancy
−$3.3K −$1.08/SF
EGI
$51.8K $16.92/SF
− OpEx
−$23.3K −$7.61/SF
NOI
$28.5K $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%
$569,520
Cap Rate 7%
$406,800
Cap Rate 9%
$316,400
Alternative Uses
Best Use
Apartment 5plus
$406.8K
$356.0K – $474.6K
NOI $28,476 @ 7.0% cap · market cap 4.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$656.7K
$574.6K – $766.2K
NOI $45,971 @ 7.0% cap · market cap 6.97%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
1,048
Businesses Nearby
Explore this area
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
$330,100
Median Home Value
Market
Average Price Trend$/SF for Multifamily properties in St. Louis County, MO
Properties on Market for Multifamily properties in St. Louis County
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Multifamily property - Residences include in-unit laundry, central air conditioning, individually controlled heat and private outdoor decks.
Where is this multifamily property located?
The property is located at 1282 Hawthorne Place Richmond Heights, MO.
What is the asking price?
The asking price for this property is $660,000.
What are key features of this property?
This property features: 3,060‑square‑foot multifamily building constructed in 1920; One‑bedroom layouts average approximately 800 square feet per unit; Every residence has a private deck, washer and dryer, central air conditioning and individually controlled heat
