Renovated One-Bedroom Apartment
For Sale
$1,995,000
4 Bruce Drive, Florissant, MO 63031
MULTI_FAMILY - Other - Florissant, MO
Property Size8,379 SF
Lot Size1.48 Acres
Price / SF$238.10
Days on Market9
Property Features for 4 Bruce Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
32
Bathrooms
32
Full bathrooms
32
Rooms
Bedroom 5, Bedroom 12, Bedroom 8, Bathroom 19, Bedroom 4, Bathroom 17, Bathroom 16, Bedroom 30, Bedroom 26, Bathroom 14, Bathroom 27, Bathroom 30, Bedroom 15, Bedroom 17, Bathroom 32, Bathroom 11, Bathroom 7, Bedroom 14, Bedroom 24, Bathroom 15, Bedroom 11, Bathroom 28, Bedroom 21, Bedroom 3, Bathroom 18, Bedroom 19, Bedroom 13, Bathroom 20, Bathroom 2, Bathroom 1, Bedroom 10, Bathroom 5, Bedroom 31, Bedroom 9, Bathroom 26, Bedroom 18, Bathroom 10, Bedroom 20, Bathroom 23, Bathroom 8, Bathroom 9, Bathroom 31, Bedroom 2, Bedroom 23, Bathroom 22, Bathroom 21, Bathroom 6, Bedroom 1, Bedroom 16, Bathroom 4, Bathroom 12, Bedroom 32, Bathroom 3, Bathroom 29, Bedroom 7, Bathroom 13, Basement, Bedroom 29, Bathroom 25, Bedroom 6, Bedroom 27, Bathroom 24, Bedroom 28, Bedroom 25, Bedroom 22
Subdivision
Meadow Park Apts
Elementary school
Mcnair Elem.
Middle school
Northwest Middle
High school
Hazelwood West High
Elementary school district
Hazelwood
Middle school district
Hazelwood
High school district
Hazelwood
Standard status
Active
APN
08K-61-0627
Size
8,379 SF
Lot size
1.48 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
20168
Utilities
Heating system
Forced Air
Cooling system
Central Air
Amenities
spacious common areas
off-street parking
washer/dryer hookups
Building Details
Year built
1963
Building materials
Brick
Architectural style
Other
Listing Agency:
Invest St. Louis
(314) 325-6201
Listed By:
Jordan Schoen · License ##2009024331
(314) 255-5117
Added: Jul 23
Changed: Jul 29
Last Checked: Jul 31 at 2:06AM
MLS# 26013512
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 offering includes four eight-family apartment buildings containing 32 one-bedroom units, built in the 1960s. Each building offers pitched roofs, spacious common areas, ample off-street parking, and washer/dryer hookups. The property is part of a larger seven-building apartment community that completed extensive renovations between 2023 and 2026 totaling more than $1.6 million in capital improvements, including electrical system upgrades, central air installation, and modernization of building infrastructure.
The community is currently 93% occupied. Rents are reported to be positioned below market levels, with select units intentionally left vacant to support showings as leases renew and units stabilize. The 32-unit parcel is located at 4-16 Bruce Drive in Florissant, Missouri, with access to nearby employment centers including Boeing and Amazon, and is minutes from Lambert International Airport.
The property participates in a shared maintenance agreement with the three additional four-family buildings in the cul de sac, with control of the budget and vendors. The shared scope covers exterior common areas, landscaping, lawn care, snow removal, parking, and shared electric, with costs split by unit count across the 44 total units, and the 32 units responsible for 72.73% of shared costs.
The community is currently 93% occupied. Rents are reported to be positioned below market levels, with select units intentionally left vacant to support showings as leases renew and units stabilize. The 32-unit parcel is located at 4-16 Bruce Drive in Florissant, Missouri, with access to nearby employment centers including Boeing and Amazon, and is minutes from Lambert International Airport.
The property participates in a shared maintenance agreement with the three additional four-family buildings in the cul de sac, with control of the budget and vendors. The shared scope covers exterior common areas, landscaping, lawn care, snow removal, parking, and shared electric, with costs split by unit count across the 44 total units, and the 32 units responsible for 72.73% of shared costs.
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 | $150.8k | $18.00 |
| − Vacancy | −$9.0k | −$1.08 |
| EGI | $141.8k | $16.92 |
| − OpEx | −$63.8k | −$7.61 |
| NOI | $78.0k | $9.31 |
8,379 SF · lease $18.00/SF/yr · vacancy 6.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.11M
$974.7K – $1.30M
NOI $77,975 @ 7.0% cap · market cap 3.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.80M
$1.57M – $2.10M
NOI $125,880 @ 7.0% cap · market cap 6.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
32
Residential units
93%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
887
Businesses Nearby
Explore this area
Business Placement
Demographics for 63031, MO
47,609
Population
21,159
Households
2.3
Avg Household Size
38
Median Age
28%
College-Educated
92%
High-School Grad
15.1 sq mi
ZIP Area
3,153
Density / Sq Mi
$71,783
Median Household Income
$42,920
Median Earnings
$1,351
Median Rent
$144,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Four eight-family buildings totaling 32 one-bedroom units with off-street parking and washer/dryer hookups.
Where is this apartment building located?
The property is located at 4 Bruce Drive Florissant, MO.
What is the asking price?
The asking price for this property is $1,995,000.
