Brick Apartment
For Sale
$1,700,000
4 Bruce Drive, Florissant, MO 63031
Residential Income, Florissant, MO
Property Size8,379 SF
Lot Size1.48 Acres
Price / SF$202.89
Days on Market49
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 32, Bedroom 5, Bedroom 12, Bedroom 23, Bathroom 5, Bathroom 23, Bathroom 29, Bathroom 31, Bathroom 7, Bathroom 26, Bathroom 30, Bedroom 14, Bedroom 6, Bathroom 22, Bedroom 4, Bedroom 9, Bedroom 11, Bedroom 30, Bathroom 11, Bathroom 19, Bathroom 9, Bedroom 17, Bedroom 13, Bathroom 21, Bathroom 12, Bedroom 26, Bathroom 8, Bathroom 1, Bedroom 25, Bathroom 4, Bathroom 13, Bedroom 21, Bathroom 6, Bedroom 3, Bedroom 1, Bedroom 18, Bathroom 2, Bathroom 16, Bedroom 8, Bathroom 17, Bedroom 22, Bathroom 15, Bathroom 32, Basement, Bathroom 25, Bedroom 29, Bathroom 18, Bathroom 24, Bathroom 14, Bedroom 15, Bathroom 27, Bathroom 28, Bedroom 16, Bathroom 20, Bedroom 2, Bedroom 10, Bedroom 20, Bedroom 27, Bedroom 19, Bathroom 3, Bathroom 10, Bedroom 31, Bedroom 7, Bedroom 24, Bedroom 28
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
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
20168
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1963
Building materials
Brick
Architectural style
Other
Buildings
4
Listing Agency:
Invest St. Louis
(314) 325-6201
Listed By:
Jordan Schoen
(314) 255-5117
Added: Sep 11
Changed: Oct 25
Last Checked: Oct 29 at 10:06AM
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.
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Investment Insights
Based on property information with market context.
This multifamily property comprises 32 one-bedroom units across four eight-family buildings at 4-16 Bruce Drive. The brick buildings were constructed in 1963 and provide 8,379 square feet on 1.475 acres. Property features include forced-air heating, central air, pitched roofs, common areas, off-street parking, and washer/dryer hookups in each building. Select units are vacant for showings, while overall occupancy is 93%. Electrical and building-system improvements were completed between 2023 and 2026, including central air installation and infrastructure modernization.
The buildings are part of a seven-building apartment community near Lambert International Airport and major employers including Boeing and Amazon. A shared maintenance arrangement covers exterior common areas, landscaping, lawn care, snow removal, parking, and shared electric for the three four-family properties in the cul-de-sac. The 32 units are responsible for 72.73% of shared costs across 44 total units.
The buildings are part of a seven-building apartment community near Lambert International Airport and major employers including Boeing and Amazon. A shared maintenance arrangement covers exterior common areas, landscaping, lawn care, snow removal, parking, and shared electric for the three four-family properties in the cul-de-sac. The 32 units are responsible for 72.73% of shared costs across 44 total units.
Key Highlights
- 32 one‑bedroom units in four eight‑family buildings
- 8,379 square feet on 1.475 acres
- 93% occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$77,975
Cap Rate
4.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,559,500
$1.6M
Cap Rate 7%
$1,113,929
$1.1M
Cap Rate 9%
$866,389
$866.4K
Market Conditions
NOI Build-Up for 8,379 SF
Gross rent
$150.8K $18.00/SF
− Vacancy
−$9.0K −$1.08/SF
EGI
$141.8K $16.92/SF
− OpEx
−$63.8K −$7.61/SF
NOI
$78.0K $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%
$1,559,500
Cap Rate 7%
$1,113,929
Cap Rate 9%
$866,389
Alternative Uses
Best Use
Apartment 5plus
$1.11M
$974.7K – $1.30M
NOI $77,975 @ 7.0% cap · market cap 4.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.80M
$1.57M – $2.10M
NOI $125,880 @ 7.0% cap · market cap 7.40%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
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
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - One-bedroom residences feature central air, pitched roofs, and washer/dryer hookups in each building.
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 $1,700,000.
What are key features of this property?
This property features: 32 one‑bedroom units in four eight‑family buildings; 8,379 square feet on 1.475 acres; 93% occupied
