Turnkey 6-Unit Multifamily
2221-2223 Rutger Street St Louis, MO 63104
2221-2223 Rutger Street St, Louis, MO, 63104
$799,900
Pending
For Sale
$799,900
Pending
MULTI_FAMILY - St Louis, MO
Property Size4,672 SF
Lot Size0.13 Acres
Days on Market38
Property Features for 2221-2223 Rutger Street St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Fireplace
- 1
- Basement
- Full
- Standard status
- Pending
- APN
- 2267-00-0120-0
- Size
- 4,672 SF
- Lot size
- 0.13 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 9518
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1887
- Floors in Building
- 2
- Number of units
- 6
- Building materials
- Brick
Listing agency
EXP Realty, LLC
(866) 224-1761
Listed by
Dalton Nicholls · License #2019009459
(913) 908-8001
Added: Jun 15 Updated: Jul 22 at 12:34PM Checked: Jul 22 at 9:06PM
MLS# 26026848
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.
Turnkey 6-family multifamily property at 2221–2223 Rutger Street, with four of the six units currently occupied. The current rent range is $895 to $1,295, and the property is described as generating immediate cash flow. When fully occupied, the gross rent income was reported as $7,035.
The sale also includes a bonus vacant lot at 2225 Rutger, included in the purchase “at no monetary value.” The property sits on a lot size of 0.1286 acres and totals 4,672 square feet.
This offering presents a stabilized configuration with in-place occupancy and a full-occupancy rent figure provided, along with the included adjacent vacant lot.
The sale also includes a bonus vacant lot at 2225 Rutger, included in the purchase “at no monetary value.” The property sits on a lot size of 0.1286 acres and totals 4,672 square feet.
This offering presents a stabilized configuration with in-place occupancy and a full-occupancy rent figure provided, along with the included adjacent vacant lot.
Key Highlights
- 6‑family property at 2221‑23 Rutger with 4 units occupied and generating immediate cash flow
- Current rents range from $895 to $1,295; gross rent income of $7,035 when fully occupied
- Bonus included: vacant lot at 2225 Rutger is part of the sale at no monetary value
Local Financial Insights For Apartment 5plus
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 | $84.1k | $18.00 |
| − Vacancy | −$5.0k | −$1.08 |
| EGI | $79.1k | $16.92 |
| − OpEx | −$35.6k | −$7.61 |
| NOI | $43.5k | $9.31 |
4,672 SF · lease $18.00/SF/yr · vacancy 6.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$621.1K
$543.5K – $724.6K
NOI $43,478 @ 7.0% cap · market cap 5.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.00M
$877.4K – $1.17M
NOI $70,189 @ 7.0% cap · market cap 8.77%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
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FAQs
What type of property is this?
Apartment building - Turnkey 6-family property with four currently occupied units and an included vacant lot.
Where is this apartment building located?
The property is located at 2221-2223 Rutger Street St Louis, MO.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: 6‑family property at 2221‑23 Rutger with 4 units occupied and generating immediate cash flow; Current rents range from $895 to $1,295; gross rent income of $7,035 when fully occupied; Bonus included: vacant lot at 2225 Rutger is part of the sale at no monetary value
