Mixed-Use Building with
New
For Sale
$450,000
1615 S 9th Street, Saint Louis, MO 63104
Residential Income, St Louis, MO
Property Size3,600 SF
Lot Size0.02 Acres
Price / SF$125
Days on Market2
Property Features for 1615 S 9th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bathroom 4, Bathroom 2, Bedroom 2, Bedroom 1, Bathroom 3
Parking features
Off Street
Subdivision
Soulards Julia Add
Elementary school
Sigel Elem. Comm. Ed. Center
Middle school
Long Middle Community Ed. Center
High school
Roosevelt High
Elementary school district
St. Louis City
Middle school district
St. Louis City
High school district
St. Louis City
Standard status
Active
APN
0387-06-0022-7
Size
3,600 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4499
Utilities
Utilities
Phone Available
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Amenities
in-unit laundry
Building Details
Year built
1890
Floors in Building
3
Number of units
3
Building materials
Brick
Architectural style
Other
Listing Agency:
RedKey Realty Leaders
(314) 692-7200
Listed By:
Bruce Butler · License #2007009272
(314) 608-9477
Added: Oct 6
Changed: Oct 7
Last Checked: Oct 7 at 5:06PM
MLS# 26059759
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 3,600-square-foot brick property, built in 1890, combines a main-floor commercial space currently used as a hair salon with two upper-level apartments. Each apartment has one bedroom, one-and-a-half bathrooms, two stories, and in-unit laundry. One unit is occupied and the other is vacant. Heating is forced air with natural gas, and the building has central air conditioning.
The property is directly across from Soulard Market. The sale also includes 1613 9th Street, a parcel used for sidewalk access and reserved salon parking. Eight off-street parking spaces are provided across the two addresses, with designated spaces for the residential units at the rear of 1615 9th Street.
The property is directly across from Soulard Market. The sale also includes 1613 9th Street, a parcel used for sidewalk access and reserved salon parking. Eight off-street parking spaces are provided across the two addresses, with designated spaces for the residential units at the rear of 1615 9th Street.
Key Highlights
- 3,600 square feet in a brick building constructed in 1890
- Main‑level commercial space currently used as a hair salon
- Two 2‑story apartments, each with 1 bedroom, 1.5 bathrooms, and in‑unit laundry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,502
Cap Rate
7.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$670,040
$670.0K
Cap Rate 7%
$478,600
$478.6K
Cap Rate 9%
$372,244
$372.2K
Market Conditions
NOI Build-Up for 3,600 SF
Gross rent
$64.8K $18.00/SF
− Vacancy
−$3.9K −$1.08/SF
EGI
$60.9K $16.92/SF
− OpEx
−$27.4K −$7.61/SF
NOI
$33.5K $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%
$670,040
Cap Rate 7%
$478,600
Cap Rate 9%
$372,244
Alternative Uses
Best Use
Retail
$691.8K
$605.4K – $807.1K
NOI $48,428 @ 7.0% cap · market cap 10.76%
Second Best
Mixed Use
$632.6K
$553.5K – $738.0K
NOI $44,279 @ 7.0% cap · market cap 9.84%
Theoretical Best
Office A
$772.6K
$676.1K – $901.4K
NOI $54,084 @ 7.0% cap · market cap 12.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,099
Businesses Nearby
Explore this area
Business Placement
Demographics for 63104, MO
19,317
Population
10,958
Households
1.8
Avg Household Size
34
Median Age
54%
College-Educated
94%
High-School Grad
3.4 sq mi
ZIP Area
5,681
Density / Sq Mi
$70,127
Median Household Income
$53,693
Median Earnings
$1,054
Median Rent
$249,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - A street-level salon space sits below two rental apartments, with off-street parking serving the property.
Where is this mixed-use property located?
The property is located at 1615 S 9th Street Saint Louis, MO.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 3,600 square feet in a brick building constructed in 1890; Main‑level commercial space currently used as a hair salon; Two 2‑story apartments, each with 1 bedroom, 1.5 bathrooms, and in‑unit laundry
