8-Unit Apartment
New
For Sale
$1,350,000
4432 Olive Street, Saint Louis, MO 63108
Residential Income, St Louis, MO
Property Size9,402 SF
Lot Size0.18 Acres
Price / SF$143.59
Days on Market3
Property Features for 4432 Olive Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Basement, Bathroom 2
Parking features
Secured
Subdivision
Euclid Place Amd Sub
Elementary school
Hickey Elem.
Middle school
Yeatman-Liddell Middle School
High school
Sumner High
Elementary school district
St. Louis City
Middle school district
St. Louis City
High school district
St. Louis City
Standard status
Active
APN
4580-05-0060-1
Size
9,402 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
11670
Utilities
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Amenities
in-unit laundry
Building Details
Year built
1897
Floors in Building
2
Number of units
8
Building materials
Brick
Listing Agency:
Salient Realty Group, LLC
(314) 374-3687
Listed By:
Timothy McCarthy · License ##2019034093
(636) 699-5668
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 16 at 6:06PM
MLS# 26066224
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.
At 4432 Olive Street, this brick apartment building contains eight residences, each with two bedrooms, two bathrooms, and in-unit laundry. The building was constructed in 1897 and comprehensively redeveloped in 2012, when its systems were updated or installed. The property includes 9,402 square feet on a 0.1779-acre lot.
A secured parking area at the rear provides eight spaces. The property is in St. Louis’ Central West End neighborhood. Public water, forced-air heating, and central air are also present.
A secured parking area at the rear provides eight spaces. The property is in St. Louis’ Central West End neighborhood. Public water, forced-air heating, and central air are also present.
Key Highlights
- Eight apartments, each configured with 2 bedrooms and 2 bathrooms
- 9,402 square feet on a 0.1779‑acre lot
- Comprehensive redevelopment completed in 2012, including system updates or installation
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.
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Property Analytics
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Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
3,480
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - All eight residences offer 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: Eight apartments, each configured with 2 bedrooms and 2 bathrooms; 9,402 square feet on a 0.1779‑acre lot; Comprehensive redevelopment completed in 2012, including system updates or installation
