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Twenty-Unit Apartment Building
For Sale
$1,900,000

7412-7418 Olian Drive, Hazelwood, MO 63042

MULTI_FAMILY - Other - Hazelwood, MO

Property Size20,154 SF
Lot Size0.13 Acres
Price / SF$94.27
Days on Market172

Property Features for 7412-7418 Olian Drive

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 3
Bathrooms 2
Full bathrooms 2
Rooms Bathroom 2, Bedroom 1, Basement, Bedroom 2, Bathroom 1, Bedroom 3
Parking features Off Street, Parking Lot
Window features Window Coverings
Interior features Custom Cabinetry, Granite Counters, Lever Faucets, Storage
Exterior features Courtyard
Basement Concrete, Unfinished, Storage Space
Appliances Microwave, Electric Range, Refrigerator
Subdivision Elm Grove Lane 1
Lot features Cleared, Level
Elementary school Mcnair Elem.
Middle school Northwest Middle
High school Hazelwood West High
Elementary school district Hazelwood
Middle school district Hazelwood
High school district Hazelwood
Standard status Active
APN 08K-12-1127
Size 20,154 SF
Lot size 0.13 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description ELM GROVE LANE PLAT 1 LOT PTS 8 & 9 (8 5 88)
Tax Annual Amount 16857
Legal Description ELM GROVE LANE PLAT 1 LOT PTS 8 & 9 (8 5 88)

Utilities

Heating system Forced Air
Cooling system Central Air
Water source Public

Amenities

laundry facilities

Building Details

Year built 1959
Floors in Building 2
Number of units 20
Building materials Brick
Roof type Shingle
Architectural style Other
Additional Structures Storage
Listing Agency: Realty Executives of St. Louis · Realty Executives International
Listed By: Chrisy Smith · License #1999106100
Added: Feb 27 Changed: Aug 2 Last Checked: Aug 18 at 3:06PM
MLS# 26009021

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 stabilized twenty-unit apartment building offers a mix of eight one-bedroom units and twelve two-bedroom units. The interiors include features such as custom cabinetry, granite counters, lever faucets, and storage. Many units have been updated, including remodeled kitchens with granite countertops, updated baths, hardwood or vinyl plank flooring, and stainless steel appliances in select units. Mechanical and utility improvements include mostly updated HVAC systems, water heaters, and sewer line replacement. Laundry is available in the basements with both coin-operated and tenant-owned facilities.

The property is brick construction with a shingle roof and forced-air heating served by central air cooling. Off-street parking and a courtyard are included, supported by public water service.

Built in 1959, the building contains approximately 20,154 square feet and is described as professionally managed, with tenants paying rent plus monthly utility reimbursements.

Key Highlights

  • Stabilized 20‑unit multifamily with 8 one‑bedroom and 12 two‑bedroom units
  • Many updated units with remodeled kitchens, granite counters, and updated baths
  • Mostly updated HVAC systems, water heaters, and sewer line replacement

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Building Supply Dental Office HVAC Service Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

20
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

638
Businesses Nearby

Demographics for 63042, MO

19,646
Population
9,619
Households
2
Avg Household Size
36
Median Age
23%
College-Educated
92%
High-School Grad
10.4 sq mi
ZIP Area
1,889
Density / Sq Mi
$49,384
Median Household Income
$34,292
Median Earnings
$939
Median Rent
$138,800
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Stabilized 20-unit building with eight one-bedroom and twelve two-bedroom units, off-street parking, and basement laundry.
Where is this apartment building located?
The property is located at 7412-7418 Olian Drive Hazelwood, MO.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Stabilized 20‑unit multifamily with 8 one‑bedroom and 12 two‑bedroom units; Many updated units with remodeled kitchens, granite counters, and updated baths; Mostly updated HVAC systems, water heaters, and sewer line replacement
More about this property
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