4-Unit Apartment
7307 Pasadena Boulevard, Pasadena Hills, MO 63121
For Sale
$365,000
All four apartments have one-bedroom layouts and separate HVAC and utility systems.
Property Size2,726 SF
Price / SF$133.90
Days on Market111
Property Features for 7307 Pasadena Boulevard
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
washer and dryer hookups
storage area
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
Legend Realty
(636) 856-0212
Listed By:
Tiffany Gerling
(636) 288-8583
Source:
Cathlees
Added: Jul 22
Changed: Nov 8
Last Checked: Nov 8 at 6:29PM
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 Legend Realty
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Investment Insights
Based on property information with market context.
Built in 1950, this 2,726-square-foot apartment property contains four matching one-bedroom, one-bath units. Hardwood floors serve the living areas and bedrooms, with tile in kitchens and bathrooms. Each apartment has its own HVAC and utility systems. The shared basement provides washer and dryer hookups and a storage space for each unit.
Three apartments are occupied, while the fourth is vacant following a long-term tenancy. Water, sewer, and trash are included in rent. Improvements include major plumbing work in 2026, eight replacement windows installed in 2024, and an electrical system update.
Three apartments are occupied, while the fourth is vacant following a long-term tenancy. Water, sewer, and trash are included in rent. Improvements include major plumbing work in 2026, eight replacement windows installed in 2024, and an electrical system update.
Key Highlights
- Four apartments, each with one bedroom and one bathroom
- Three units occupied; one unit vacant
- Separate HVAC and utility systems for each apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,151
Cap Rate
7.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$583,020
$583.0K
Cap Rate 7%
$416,443
$416.4K
Cap Rate 9%
$323,900
$323.9K
Market Conditions
NOI Build-Up for 2,726 SF
Gross rent
$44.2K $16.20/SF
− Vacancy
−$2.5K −$0.92/SF
EGI
$41.6K $15.28/SF
− OpEx
−$12.5K −$4.58/SF
NOI
$29.2K $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 Rate 5%
$583,020
Cap Rate 7%
$416,443
Cap Rate 9%
$323,900
Alternative Uses
Best Use
Multifamily LT 5
$416.4K
$364.4K – $485.9K
NOI $29,151 @ 7.0% cap · market cap 7.99%
Second Best
Apartment 5plus
$362.4K
$317.1K – $422.8K
NOI $25,368 @ 7.0% cap · market cap 6.95%
Theoretical Best
Office A
$585.0K
$511.9K – $682.6K
NOI $40,953 @ 7.0% cap · market cap 11.22%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
488
Businesses Nearby
Explore this area
Business Placement
Demographics for 63121, MO
22,909
Population
12,745
Households
1.8
Avg Household Size
40
Median Age
22%
College-Educated
91%
High-School Grad
6.8 sq mi
ZIP Area
3,369
Density / Sq Mi
$41,285
Median Household Income
$31,613
Median Earnings
$938
Median Rent
$93,900
Median Home Value
Market
Average Price Trend$/SF for Quadplexes in St. Louis County, MO
Properties on Market for Quadplexes in St. Louis County
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Quadplex - All four apartments have one-bedroom layouts and separate HVAC and utility systems.
Where is this quadplex located?
The property is located at 7307 Pasadena Boulevard Pasadena Hills, MO.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: Four apartments, each with one bedroom and one bathroom; Three units occupied; one unit vacant; Separate HVAC and utility systems for each apartment
