Quadplex With Four-Car
For Sale
$599,900
7221 Balson Avenue, University City, MO 63130
Residential Income, University City, MO
Property Size4,256 SF
Lot Size0.14 Acres
Price / SF$140.95
Days on Market140
Property Features for 7221 Balson Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 7, Bedroom 6, Bedroom 8, Bedroom 5, Bathroom 1, Bedroom 3, Bedroom 2, Bathroom 4, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 4
Parking
4
Parking features
Covered
Window features
Insulated Windows
Appliances
Gas Cooktop, Dishwasher, Disposal, Refrigerator
Subdivision
Balsons Sub Of Shaftesbury Heights
Elementary school
Jackson Park Elem.
Middle school
Brittany Woods
High school
University City Sr. High
Elementary school district
University City
Middle school district
University City
High school district
University City
Directions
Delmar to Midland to Balson
Standard status
Active
APN
17J-21-0886
Size
4,256 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7914
Utilities
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Amenities
private washer/dryer hookups
dedicated storage space
dishwasher
Building Details
Year built
1952
Floors in Building
2
Number of units
4
Flooring type
Hardwood, Tile
Building materials
Brick
Roof type
Flat
Architectural style
Other
Listing Agency:
Keller Williams Chesterfield · Keller Williams Realty
(636) 534-8100
Listed By:
Jennifer Matus · License #2010015143
(314) 369-7698
Added: May 11
Changed: Sep 26
Last Checked: Sep 27 at 4:06AM
MLS# 26029148
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 4,256-square-foot brick quadplex contains four residential units, each arranged with 2 bedrooms, 1 bathroom, a living room, separate dining area, and kitchen. Unit features include dishwashers, private washer and dryer hookups, and dedicated basement storage. The property also includes newer AC units, new electrical completed in 2025, new plumbing with PEX serving all units, and a newer flat roof.
Situated on a 0.1423-acre parcel in University City, the property provides a covered four-car garage at the rear and public water service. Highway access is nearby, and The Delmar Loop is minutes away with dining, shopping, and entertainment options. The building was constructed in 1952 and includes hardwood and tile flooring, natural-gas forced-air heat, and central air conditioning.
Situated on a 0.1423-acre parcel in University City, the property provides a covered four-car garage at the rear and public water service. Highway access is nearby, and The Delmar Loop is minutes away with dining, shopping, and entertainment options. The building was constructed in 1952 and includes hardwood and tile flooring, natural-gas forced-air heat, and central air conditioning.
Key Highlights
- 4,256‑square‑foot brick quadplex with four residential units
- Each unit includes 2 bedrooms, 1 bathroom, living room, dining room, and kitchen
- Private washer/dryer hookups and dedicated basement storage for tenants
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$45,512
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.59%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$910,240
$910.2K
Cap Rate 7%
$650,171
$650.2K
Cap Rate 9%
$505,689
$505.7K
Market Conditions
NOI Build-Up for 4,256 SF
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.
Gross rent
$68.9K $16.20/SF
− Vacancy
−$3.9K −$0.92/SF
EGI
$65.0K $15.28/SF
− OpEx
−$19.5K −$4.58/SF
NOI
$45.5K $10.69/SF
Area
St. Louis County, MO
Vacancy
5.70%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$910,240
Cap Rate 7%
$650,171
Cap Rate 9%
$505,689
Alternative Uses
Best Use
Multifamily LT 5
$650.2K
$568.9K – $758.5K
NOI $45,512 @ 7.0% cap · market cap 7.59%
Second Best
Apartment 5plus
$565.8K
$495.1K – $660.1K
NOI $39,606 @ 7.0% cap · market cap 6.60%
Theoretical Best
Office A
$913.4K
$799.2K – $1.07M
NOI $63,939 @ 7.0% cap · market cap 10.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
501
Businesses Nearby
Explore this area
Business Placement
Demographics for 63130, MO
29,454
Population
14,106
Households
2.1
Avg Household Size
35
Median Age
64%
College-Educated
97%
High-School Grad
5.0 sq mi
ZIP Area
5,891
Density / Sq Mi
$81,103
Median Household Income
$50,407
Median Earnings
$1,199
Median Rent
$285,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four residential units offer two-bedroom layouts, private laundry hookups, basement storage, and updated building systems.
Where is this quadplex located?
The property is located at 7221 Balson Avenue University City, MO.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: 4,256‑square‑foot brick quadplex with four residential units; Each unit includes 2 bedrooms, 1 bathroom, living room, dining room, and kitchen; Private washer/dryer hookups and dedicated basement storage for tenants
