Two-Unit Brick
1807 Princeton Place Richmond Heights, MO 63117
New
1807 Princeton Place, Richmond Heights, MO, 63117
$459,000
For Sale
$459,000
MULTI_FAMILY - Other - Richmond Heights, MO
Property Size2,980 SF
Lot Size0.19 Acres
Price / SF$154.03
Days on Market6
Property Features for 1807 Princeton Place
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bathroom 1, Bedroom 5, Bathroom 2, Dining Room, Bedroom 4, Bedroom 2, Bedroom 3, Basement
- Parking features
- Off Street, Driveway
- Patio and Porch features
- Porch
- Interior features
- Separate Dining
- Basement
- Walk-Out Access, Storage Space, Unfinished
- Appliances
- Dishwasher, Refrigerator, Washer/Dryer Stacked, Gas Water Heater
- 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
- Utilities
- Cable Available
- Heating system
- Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1928
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Hardwood
- Building materials
- Brick, Plaster
- Architectural style
- Other
Listing agency
The Agency
(314) 677-1477
Listed by
Justin Taylor · License #2007032934
(314) 280-9996
Added: Jul 17 Updated: Jul 22 at 9:48AM Checked: Jul 22 at 2:06PM
MLS# 26027541
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.
An all-brick two-family duplex offering two separate apartments and a low-maintenance exterior. The main level includes a spacious living room, updated kitchen, bathroom, and a third bedroom. The upstairs unit features a large living room with dining room area surrounded by 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 and in-unit laundry.
The property is located in Richmond Heights and is described as across from MRH Elementary, with close proximity to Clayton. It also provides easy access to Hwy 40 and 44.
The current listing indicates the top floor will be vacant starting August 1st, with showings available upon request.
The property is located in Richmond Heights and is described as across from MRH Elementary, with close proximity to Clayton. It also provides easy access to Hwy 40 and 44.
The current listing indicates the top floor will be vacant starting August 1st, with showings available upon request.
Key Highlights
- All‑brick 2‑family duplex built in 1928, with separate apartments and hardwood flooring in both units
- Top floor unit will be vacant starting August 1 and can be shown upon request
- Both units include in‑unit laundry (stacked washer/dryer) plus a gas water heater
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $48.3k | $16.20 |
| − Vacancy | −$2.8k | −$0.92 |
| EGI | $45.5k | $15.28 |
| − OpEx | −$13.7k | −$4.58 |
| NOI | $31.9k | $10.69 |
2,980 SF · lease $16.20/SF/yr · vacancy 5.70% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$455.2K
$398.3K – $531.1K
NOI $31,867 @ 7.0% cap · market cap 6.94%
Second Best
Apartment 5plus
$396.2K
$346.7K – $462.2K
NOI $27,732 @ 7.0% cap · market cap 6.04%
Theoretical Best
Office A
$639.6K
$559.6K – $746.2K
NOI $44,769 @ 7.0% cap · market cap 9.75%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Isalis
(Bike/Boat/Book/etc) Store
Party City
Party Supply Store
Skunk Funk
Big Box & Wholesale Store
Carl's Trading Co
Hat Shop
Bushka's Kitchen LLC
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - All-brick two-family duplex with in-unit laundry and hardwood floors, with two apartments and a covered deck.
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 $459,000.
What are key features of this property?
This property features: All‑brick 2‑family duplex built in 1928, with separate apartments and hardwood flooring in both units; Top floor unit will be vacant starting August 1 and can be shown upon request; Both units include in‑unit laundry (stacked washer/dryer) plus a gas water heater
