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    Mixed-Use Apartment and Retail Building Title is generated by Realmo AI

    3465-67 S Grand St, Louis, MO 63118

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    For Sale
    $525,000

    MULTI_FAMILY - Other - St Louis, MO

    Property size:
    2,000 SF
    Price / SF:
    $262/SF
    Added:
    Apr 18, 2026
    Days on Market:
    80
    Last Refresh:
    Jul 6 at 10:06 pm

    Property Features for 3465-67 S Grand St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    3
    Bathrooms
    3
    Rooms
    Bedroom 1, Bedroom 3, Bathroom 2, Bathroom 3, Bathroom 1, Bedroom 2
    Parking features
    Alley
    Standard status
    Active
    APN
    1595-00-02007
    Size
    2,000 SF

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1950
    Floors in Building
    1
    Building materials
    Brick
    Architectural style
    Other

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    Contact an agent
    Lisa Alexander

    Listing agent Lisa Alexander License #1999111692

    Listing office Berkshire Hathaway HomeServices Select Properties 12851 Manchester Rd, Suite 100, St. Louis, MO

    Listing date Apr 18, 2026

    MLS# 26014901 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

    • Brick building with forced‑air heating and central air
    • Year built: 1950
    • Multi‑use layout: upstairs residential apartments and downstairs commercial space with full basement
    • Off‑street parking available (alley access)
    • Units reportedly updated, with long‑term residents
    • Located on a bus line with a grocery store across the street; restaurants and shopping nearby

    Overview

    The property is a mixed-use building that previously operated as a bible college. It is configured with residential apartments on the upper level and commercial space on the lower level, along with a full basement. Off-street parking is available, and the residential units have been updated.

    The building is located in St. Louis City with convenient transit access, described as being on a bus line. A grocery store is across the street, and restaurants and shopping are in the nearby area.

    This layout can support tenants seeking a combination of apartment and retail uses within the same structure, with residential space positioned above and commercial space below. The updated units and established resident base may appeal to buyers looking for a property that already supports ongoing occupancy, while the full basement and off-street parking can add practical utility for day-to-day operations.

    Local Financial Insights For Retail

    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 $44.6k $22.32
    − Vacancy −$6.2k −$3.10
    EGI $38.4k $19.22
    − OpEx −$11.5k −$5.77
    NOI $26.9k $13.45
    2,000 SF · lease $22.32/SF/yr · vacancy 13.90% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $384.4K
    $336.3K – $448.4K (±1% cap)
    NOI $26,905 @ 7.0% cap · market cap 5.12%
    Second Best
    Apartment 5plus
    $265.9K
    $232.7K – $310.2K (±1% cap)
    NOI $18,612 @ 7.0% cap · market cap 3.55%
    Theoretical Best
    Office A
    $429.2K
    $375.6K – $500.8K (±1% cap)
    NOI $30,046 @ 7.0% cap · market cap 5.72%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Louis
    County
    St. Louis
    State
    Missouri
    Longitude
    -90.243958
    Latitude
    38.594205

    FAQs

    What type of property is this?
    Multifamily property - Two-story mixed-use building with updated residential units, street-level commercial space, and off-street parking.
    Where is this multifamily property located?
    The property is located at 3465-67 S Grand St Louis, MO.
    What is the asking price?
    The asking price for this property is $525,000.
    What are key features of this property?
    This property features: Brick building with forced‑air heating and central air; Year built: 1950; Multi‑use layout: upstairs residential apartments and downstairs commercial space with full basement
    More about this property
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