8-Unit Apartment
For Sale
$1,350,000
4432 Olive Street, Saint Louis, MO 63108
Each residence includes two bedrooms, two bathrooms, and in-unit laundry.
Property Size9,402 SF
Price / SF$143.59
Days on Market17
Property Features for 4432 Olive Street
General Information
Standard status
Active
Size
9,402 SF
Total Parking Spaces
8
Property subtype
Residential Income
Units
Unit Mix
8 x 2BR/2BA
Multifamily Units
8
Taxes and HOA fees
Annual Taxes
$11,670
Amenities
in-unit laundry
Building Details
Building Size
9,402 SF
Year Built
1897
Year Renovated
2012
Buildings
1
Stories
2
Units
8
Listing Agency:
Salient Realty Group, LLC
(314) 374-3687
Listed By:
Timothy McCarthy · License ##2019034093
(636) 699-5668
Source:
Finehomesbydawn
Added: Oct 14
Changed: Oct 28
Last Checked: Oct 29 at 8:27PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Salient Realty Group, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 8-apartment building contains residences with two bedrooms and two bathrooms apiece, plus in-unit laundry. A complete redevelopment in late 2012 included updates or installation of all building systems. A secure parking area at the rear accommodates eight cars.
The property is on Olive Street in St. Louis’ Central West End neighborhood.
The property is on Olive Street in St. Louis’ Central West End neighborhood.
Key Highlights
- 8 apartments, each with 2 bedrooms and 2 bathrooms
- Complete redevelopment in late 2012, with all systems updated or installed
- Secure rear parking area for eight cars
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$87,495
Cap Rate
6.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,749,900
$1.7M
Cap Rate 7%
$1,249,929
$1.2M
Cap Rate 9%
$972,167
$972.2K
Market Conditions
NOI Build-Up for 9,402 SF
Gross rent
$169.2K $18.00/SF
− Vacancy
−$10.2K −$1.08/SF
EGI
$159.1K $16.92/SF
− OpEx
−$71.6K −$7.61/SF
NOI
$87.5K $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%
$1,749,900
Cap Rate 7%
$1,249,929
Cap Rate 9%
$972,167
Alternative Uses
Best Use
Apartment 5plus
$1.25M
$1.09M – $1.46M
NOI $87,495 @ 7.0% cap · market cap 6.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.02M
$1.77M – $2.35M
NOI $141,248 @ 7.0% cap · market cap 10.46%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
4,118
Businesses Nearby
Explore this area
Business Placement
Demographics for 63108, MO
23,603
Population
13,208
Households
1.8
Avg Household Size
30
Median Age
64%
College-Educated
94%
High-School Grad
2.2 sq mi
ZIP Area
10,729
Density / Sq Mi
$56,933
Median Household Income
$47,284
Median Earnings
$1,140
Median Rent
$337,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Each residence includes two bedrooms, two bathrooms, and in-unit laundry.
Where is this apartment building located?
The property is located at 4432 Olive Street Saint Louis, MO.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 8 apartments, each with 2 bedrooms and 2 bathrooms; Complete redevelopment in late 2012, with all systems updated or installed; Secure rear parking area for eight cars
