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    Richmond Heights Multifamily Investment Opportunity Title is generated by Realmo AI

    7361 Dale Avenue St, Louis, MO 63117

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    Claim this Listing
    For Sale
    $2,350,000

    5 Family or More, Traditional - St Louis, MO

    Property size:
    15,207 SF
    Lot size:
    0.42 Acres
    Price / SF:
    $154/SF
    Added:
    May 23, 2026
    Days on Market:
    31
    Last Refresh:
    Jun 22 at 12:06 am

    Property Features for 7361 Dale Avenue St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Rooms
    Basement
    Basement Y/N
    1
    Appliances
    Dishwasher, Range, Range - Gas, Washer
    Standard status
    Active
    APN
    20J-33-1163
    Size
    15,207 SF
    Lot size
    0.42 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    20389

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1961
    Floors in Building
    2
    Number of units
    12
    Building materials
    Brick
    Architectural style
    New Traditional

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    Listing Contact
    Peter Lu
    Peter Lu

    Listing agent Peter Lu License #2006036727

    Listing office EXP Realty, LLC 3636 S Geyer Rd Ste 100, Overland Park, MO

    Listing date May 23, 2026

    MLS# 26032393 Listing URL

    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.

    HighLights

    • Fully occupied 12‑unit building provides immediate income.
    • Renovated kitchens and bathrooms enhance unit appeal.
    • New roof installed in November 2023 offers long‑term value.
    • Excellent location near highways, shopping, parks, and restaurants provides convenience.
    • Some units feature in‑unit laundry, a desirable amenity.
    • Basement provides additional storage space.

    Overview

    This is a fully occupied 12-unit multifamily building located in Richmond Heights. The units feature wood flooring, neutral paint, and renovated kitchens and bathrooms. Some units include in-unit laundry. Storage space is available in the basement. A new roof was installed in November 2023. The property is situated in an excellent location, with convenient access to major highways, shopping centers, parks, and restaurants. The lot size is 0.42 acres, and the property size is 15207 square feet. This property presents a fantastic investment opportunity.

    Local Financial Insights For Apartment 5plus

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $273.7k $18.00
    − Vacancy −$16.4k −$1.08
    EGI $257.3k $16.92
    − OpEx −$115.8k −$7.61
    NOI $141.5k $9.31
    15,207 SF · lease $18.00/SF/yr · vacancy 6.00% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $2.02M
    $1.77M – $2.36M (±1% cap)
    NOI $141,516 @ 7.0% cap · market cap 6.02%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $3.26M
    $2.86M – $3.81M (±1% cap)
    NOI $228,458 @ 7.0% cap · market cap 9.72%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Map

    City
    Louis
    County
    St. Louis
    State
    Missouri
    Longitude
    -90.315859
    Latitude
    38.627843

    FAQs

    What type of property is this?
    Apartment building - Fully occupied 12-unit building in excellent location.
    Where is this apartment building located?
    The property is located at 7361 Dale Avenue St Louis, MO.
    What is the asking price?
    The asking price for this property is $2,350,000.
    What are key features of this property?
    This property features: Fully occupied 12‑unit building provides immediate income.; Renovated kitchens and bathrooms enhance unit appeal.; New roof installed in November 2023 offers long‑term value.
    More about this property
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