23-Unit Apartment
For Sale
Under Contract
$1,295,000
7403 Elm Avenue, Maplewood, MO 63143
Residential Income, Maplewood, MO
Property Size11,214 SF
Lot Size0.37 Acres
Price / SF$115.48
Days on Market52
Property Features for 7403 Elm Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
1
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1, Bedroom 1
Parking features
Driveway, Parking Lot, Alley, Off Street, On Street
Interior features
Ceiling Fan(s), Shower, Tub, Walk-In Closet(s)
Exterior features
Balcony
Appliances
Electric Oven, Electric Range, Refrigerator
Subdivision
Maple Lawn
Elementary school
Mrh Elementary
Middle school
Mrh Middle
High school
Maplewood-Richmond Hgts. High
Elementary school district
Maplewood-Richmond Heights
Middle school district
Maplewood-Richmond Heights
High school district
Maplewood-Richmond Heights
Directions
GPS friendly
Standard status
Active Under Contract
APN
21J-21-1770
Size
11,214 SF
Lot size
0.37 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2025
Tax Description
MAPLE LAWN LOTS 54 THRU 56 & LOT PT 53 E HALF BLOCK A
Tax Annual Amount
26027
Legal Description
MAPLE LAWN LOTS 54 THRU 56 & LOT PT 53 E HALF BLOCK A
Utilities
Utilities
Cable Available
Heating system
Baseboard
Cooling system
Ceiling Fan(s), Window Unit(s), Wall/Window Unit(s)
Water source
Public
Amenities
off-street parking
on-site laundry room
Building Details
Year built
1967
Number of units
23
Flooring type
Tile - Ceramic, Carpet
Building materials
Brick
Roof type
Flat, Asphalt
Architectural style
Colonial
Listing Agency:
Realty Exchange · Coldwell Banker Real Estate
(314) 647-2220
Listed By:
Constantine Benos
(314) 504-9043
Added: Sep 8
Changed: Oct 23
Last Checked: Oct 29 at 12:06PM
MLS# 26053726
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.
This 23-unit apartment property contains one-bedroom, one-bath residences within a 11,214-square-foot brick building constructed in 1967. The complex includes an on-site laundry room, off-street parking, balconies, ceiling fans, and a mix of tile and carpet flooring. Individual units feature electric ranges, ovens, refrigerators, showers, tubs, and walk-in closets. Heating is provided by baseboard systems, with wall or window cooling units and ceiling fans.
The property occupies 0.37 acres at 7403 Elm Avenue in Maplewood, Missouri, near the Maplewood entertainment district and its local shops and restaurants. Public water service is in place, and the site includes parking accessed from the street, alley, parking lot, off-street areas, and driveway.
The property occupies 0.37 acres at 7403 Elm Avenue in Maplewood, Missouri, near the Maplewood entertainment district and its local shops and restaurants. Public water service is in place, and the site includes parking accessed from the street, alley, parking lot, off-street areas, and driveway.
Key Highlights
- 23 one‑bedroom, one‑bath apartment units
- Fully occupied complex with on‑site laundry room
- 11,214‑square‑foot brick building on 0.37 acres
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$104,357
Cap Rate
8.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,087,140
$2.1M
Cap Rate 7%
$1,490,814
$1.5M
Cap Rate 9%
$1,159,522
$1.2M
Market Conditions
NOI Build-Up for 11,214 SF
Gross rent
$201.9K $18.00/SF
− Vacancy
−$12.1K −$1.08/SF
EGI
$189.7K $16.92/SF
− OpEx
−$85.4K −$7.61/SF
NOI
$104.4K $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%
$2,087,140
Cap Rate 7%
$1,490,814
Cap Rate 9%
$1,159,522
Alternative Uses
Best Use
Apartment 5plus
$1.49M
$1.30M – $1.74M
NOI $104,357 @ 7.0% cap · market cap 8.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.41M
$2.11M – $2.81M
NOI $168,471 @ 7.0% cap · market cap 13.01%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
23
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,051
Businesses Nearby
Explore this area
Business Placement
Demographics for 63143, MO
9,686
Population
5,089
Households
1.9
Avg Household Size
36
Median Age
55%
College-Educated
97%
High-School Grad
2.0 sq mi
ZIP Area
4,843
Density / Sq Mi
$65,712
Median Household Income
$48,420
Median Earnings
$900
Median Rent
$226,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied apartment property with one-bedroom units, off-street parking, and on-site laundry.
Where is this apartment building located?
The property is located at 7403 Elm Avenue Maplewood, MO.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: 23 one‑bedroom, one‑bath apartment units; Fully occupied complex with on‑site laundry room; 11,214‑square‑foot brick building on 0.37 acres
