32-Unit 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 Market11
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
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: Aug 2 at 8:06AM
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 is a 32-unit apartment building community in Florissant, Missouri, consisting of four eight-family buildings located at 4-16 Bruce Drive. Built in 1963 with brick construction, the property features one-bedroom units and is served by forced-air heating and central air. Common areas are described as spacious, with pitched roofs and ample off-street parking. Each building includes washer/dryer hookups.
The community is part of a larger seven-building apartment neighborhood, with extensive renovations completed between 2023 and 2026. Updates referenced include electrical system upgrades, central air installation, and modernization of building infrastructure. The property is currently 93% occupied, with select units intentionally left vacant to accommodate showings.
A shared maintenance agreement is in place with the four other four-family buildings in the cul de sac. That arrangement covers exterior common areas, landscaping, lawn care, snow removal, parking, and shared electric, with costs split by unit count. The 32 units are responsible for 72.73% of shared costs across the full 44-unit total.
The community is part of a larger seven-building apartment neighborhood, with extensive renovations completed between 2023 and 2026. Updates referenced include electrical system upgrades, central air installation, and modernization of building infrastructure. The property is currently 93% occupied, with select units intentionally left vacant to accommodate showings.
A shared maintenance agreement is in place with the four other four-family buildings in the cul de sac. That arrangement covers exterior common areas, landscaping, lawn care, snow removal, parking, and shared electric, with costs split by unit count. The 32 units are responsible for 72.73% of shared costs across the full 44-unit total.
Key Highlights
- 32 units across four eight‑family brick buildings at 4‑16 Bruce Drive
- 93% occupied; select units left vacant to accommodate showings
- Forced‑air heating and central air; pitched roofs with spacious common areas
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
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 - Brick, one-bedroom apartment community with central air across four eight-family buildings and 93% occupancy.
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.
What are key features of this property?
This property features: 32 units across four eight‑family brick buildings at 4‑16 Bruce Drive; 93% occupied; select units left vacant to accommodate showings; Forced‑air heating and central air; pitched roofs with spacious common areas
