Six-Unit Apartment
New
For Sale
$1,150,000
2016 S 9th Street, Saint Louis, MO 63104
Residential Income, St Louis, MO
Property Size8,212 SF
Price / SF$140.04
Days on Market1
Property Features for 2016 S 9th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 3, Bedroom 4, Bathroom 1, Bedroom 2, Basement, Bathroom 2
Parking features
Off Street
Basement
Concrete
Subdivision
Soulard
Elementary school
Sigel Elem. Comm. Ed. Center
Middle school
Fanning Middle Community Ed.
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
0684-00-0037-0, 0684-00-0033-0
Size
8,212 SF
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
2878
Utilities
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1884
Number of units
6
Building materials
Brick
Architectural style
Other
Listing Agency:
The Agency
(314) 677-1477
Listed By:
Anthony Klier · License #2022012991
(314) 517-1925
Added: Oct 14
Last Checked: Oct 14 at 11:06PM
MLS# 26065792
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 six-unit apartment property spans two adjoining buildings, with all residences configured as two-bedroom, one-bath units. The four-family building has undergone a full gut renovation; work on the two-family building is ongoing, with completion expected December 1, 2026. The renovation program includes new HVAC equipment, water heaters, roofs, appliances, kitchens, and bathrooms. Finished interiors feature quartz counters, stainless steel appliances, matte black fixtures, wide-plank flooring, marble-look tile, and exposed brick. The reported building area is approximately 8,212 square feet.
Two apartments are leased and currently produce $3,337 per month. The four remaining units are projected at $1,650 each after construction and lease-up; these figures are gross rent before expenses. Planned rear work includes gated asphalt parking and a turf area for residents. The property has a 93 Walk Score and is located on S 9th Street in St. Louis.
Two apartments are leased and currently produce $3,337 per month. The four remaining units are projected at $1,650 each after construction and lease-up; these figures are gross rent before expenses. Planned rear work includes gated asphalt parking and a turf area for residents. The property has a 93 Walk Score and is located on S 9th Street in St. Louis.
Key Highlights
- Six apartments across two adjoining buildings
- Each residence has 2 bedrooms and 1 bathroom
- Four‑family building is fully gut renovated; two‑family building completion is expected December 1, 2026
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$76,421
Cap Rate
6.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,528,420
$1.5M
Cap Rate 7%
$1,091,729
$1.1M
Cap Rate 9%
$849,122
$849.1K
Market Conditions
NOI Build-Up for 8,212 SF
Gross rent
$147.8K $18.00/SF
− Vacancy
−$8.9K −$1.08/SF
EGI
$138.9K $16.92/SF
− OpEx
−$62.5K −$7.61/SF
NOI
$76.4K $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%
$1,528,420
Cap Rate 7%
$1,091,729
Cap Rate 9%
$849,122
Alternative Uses
Best Use
Apartment 5plus
$1.09M
$955.3K – $1.27M
NOI $76,421 @ 7.0% cap · market cap 6.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.76M
$1.54M – $2.06M
NOI $123,371 @ 7.0% cap · market cap 10.73%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
845
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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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Two adjoining buildings combine renovated apartments with a second structure still under construction.
Where is this apartment building located?
The property is located at 2016 S 9th Street Saint Louis, MO.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Six apartments across two adjoining buildings; Each residence has 2 bedrooms and 1 bathroom; Four‑family building is fully gut renovated; two‑family building completion is expected December 1, 2026
