Brick Multifamily
New
For Sale
$850,000
7343-7347 Olive Boulevard, University City, MO 63130
MULTI_FAMILY - Other - University City, MO
Property Size2,706 SF
Lot Size0.19 Acres
Price / SF$314.12
Days on Market4
Property Features for 7343-7347 Olive Boulevard
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
8
Bathrooms
1
Full bathrooms
1
Rooms
Bedroom 8, Bathroom 1, Bedroom 1, Bedroom 5, Bedroom 7, Bedroom 6, Bedroom 4, Bedroom 3, Bedroom 2
Subdivision
W L Musick
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
Standard status
Active
APN
17J-42-1316
Size
2,706 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4882
Utilities
Cooling system
Central Air
Building Details
Year built
1965
Building materials
Brick
Architectural style
Other
Listing Agency:
Elizabeth Real Estate Group LLC
(314) 222-7150
Listed By:
Regina Ruvinova
(314) 862-6799
Added: Aug 17
Changed: Aug 18
Last Checked: Aug 20 at 11:06PM
MLS# 26052905
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 multifamily property occupies a 0.19-acre parcel at 7343-7347 Olive Boulevard in University City, Missouri. The brick building contains 2,706 square feet and was constructed in 1965. Room information identifies eight bedrooms and one bathroom, with central air conditioning serving the property.
The property is located in St. Louis County within postal code 63130. Its Olive Boulevard address places the asset in University City, providing a clearly identified setting for residential income use. The available physical details are centered on the building’s masonry construction, bedroom count, bathroom count, cooling system, and existing lot area.
The property is located in St. Louis County within postal code 63130. Its Olive Boulevard address places the asset in University City, providing a clearly identified setting for residential income use. The available physical details are centered on the building’s masonry construction, bedroom count, bathroom count, cooling system, and existing lot area.
Key Highlights
- 2,706‑square‑foot multifamily property
- Eight bedrooms and one bathroom
- 0.19‑acre parcel
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
$25,182
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
2.96%
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%
$503,640
$503.6K
Cap Rate 7%
$359,743
$359.7K
Cap Rate 9%
$279,800
$279.8K
Market Conditions
NOI Build-Up for 2,706 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
$48.7K $18.00/SF
− Vacancy
−$2.9K −$1.08/SF
EGI
$45.8K $16.92/SF
− OpEx
−$20.6K −$7.61/SF
NOI
$25.2K $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 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%
$503,640
Cap Rate 7%
$359,743
Cap Rate 9%
$279,800
Alternative Uses
Best Use
Apartment 5plus
$359.7K
$314.8K – $419.7K
NOI $25,182 @ 7.0% cap · market cap 2.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$580.8K
$508.2K – $677.6K
NOI $40,653 @ 7.0% cap · market cap 4.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
392
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - The building includes eight bedrooms and central air conditioning.
Where is this multifamily property located?
The property is located at 7343-7347 Olive Boulevard University City, MO.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 2,706‑square‑foot multifamily property; Eight bedrooms and one bathroom; 0.19‑acre parcel
