Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    1807 Princeton Place Richmond Heights, MO 63117

    View on Map
    Claim this Listing
    New
    For Sale
    $475,000

    2-4 Units, Apartment Style - Richmond Heights, MO

    Property size:
    2,980 SF
    Lot size:
    0.19 Acres
    Price / SF:
    $159/SF
    Added:
    May 6, 2026
    Days on Market:
    2
    Last Refresh:
    May 7 at 3:06 pm

    Property Features for 1807 Princeton Place

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Rooms
    Basement
    Parking features
    Driveway, Garage, Off Street
    Interior features
    Separate Dining
    Basement Y/N
    1
    Appliances
    Dishwasher, Dryer, Refrigerator, Washer, Washer/Dryer Combo
    Standard status
    Active
    APN
    20J-31-0634
    Size
    2,980 SF
    Lot size
    0.19 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    5711

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1928
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Hardwood
    Building materials
    Brick, Plaster
    Architectural style
    Other

    We can help!

    Listing Contact
    Justin Taylor
    Justin Taylor

    Listing agent Justin Taylor License #2007032934

    Listing office The Agency 8007 Clayton Rd, Clayton, MO

    Listing date May 6, 2026

    MLS# 26027541 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.

    HighLights

    • Established cash‑flowing duplex in Richmond Heights.
    • All‑brick construction for durability and low maintenance.
    • Updated kitchens and bathrooms in both units.
    • In‑unit laundry for both apartments.
    • Hardwood floors throughout both units.
    • Prime location: across from MRH Elementary, close to Clayton, and easy access to Hwy 40 and 44.

    Overview

    Richmond Heights Duplex Investment Opportunity

    This all-brick, two-family residence in Richmond Heights presents an investment opportunity. The property is located across from MRH Elementary, with proximity to Clayton and convenient access to Hwy 40 and 44. The main level apartment features a living room, updated kitchen, bathroom, and a third bedroom. The upstairs apartment offers a large living room leading to a dining room with windows, two bedrooms, an updated vanity, a tiled kitchen with stainless steel appliances, and a covered deck off the kitchen. Both units include hardwood floors, in-unit laundry, and updates throughout. The property, situated on a 0.186-acre lot, contains 2,980 square feet of living space. This low-maintenance property is suitable for real estate investing, portfolio expansion, or house hacking.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Map

    City
    Richmond Heights
    County
    St. Louis
    State
    Missouri
    Longitude
    -90.331
    Latitude
    38.6307

    Nearby Similar for Sale

    • $699,900
      2,580 SF

      Updated Duplex in Richmond Heights

      Renovated Richmond Heights duplex with long-term tenants and modern amenities.
      1140 Ralph Terrace, Richmond Heights, MO 63117
      View Details
    • $23
      64,000 SF

      Remodeled Corporate Center in Clayton

      Remodeled corporate center with modern finishes and convenient highway access.
      7700-7750 Clayton Road, Richmond Heights, MO 63117
      View Details
    • $2,500
      1,000 SF

      Prime Richmond Heights Office Space

      Spacious office suites in a high-visibility Richmond Heights location.
      1047 S Big Bend Boulevard, Richmond Heights, MO 63117
      View Details
    • $3,015,000
      5,250 SF

      Richmond Heights Retail Investment Opportunity

      NNN leased retail property with long-term tenant and annual increases.
      1026 S Brentwood Blvd, Richmond Heights, MO
      View Details
    • Contact for pricing
      58,249 SF

      Richmond Heights Office Building For Sale

      Office building in Richmond Heights, Missouri, with value-add opportunity.
      7700-7750 Clayton Rd, Richmond Heights, MO
      View Details

    FAQs

    What type of property is this?
    Duplex - Established cash-flowing duplex near Clayton, close to highways and schools.
    Where is this duplex located?
    The property is located at 1807 Princeton Place Richmond Heights, MO.
    What is the asking price?
    The asking price for this property is $475,000.
    What are key features of this property?
    This property features: Established cash‑flowing duplex in Richmond Heights.; All‑brick construction for durability and low maintenance.; **Updated kitchens and bathrooms in both units.**
    (314) 280-9996
    We can help!
    Listing Contact
    Justin Taylor
    Justin Taylor
    Real Estate License ID: 2007032934
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1807 Princeton Place, Richmond Heights, MO 63117
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!