Building Details

Building Size 5,976 SF

Year Built 1935

Listing Agency: Realty Exchange

Listed By: Constantine Benos · License #1999111555 Show Phone

Source: Aimeesimpson

Added: Sep 2 Changed: Oct 11 Last Checked: Oct 21 at 3:16AM

Report an Issue

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 Realty Exchange

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

Built in 1935, this four-unit multifamily property in Clayton, Missouri, offers a mix of practical tenant amenities and preserved interior details. Each apartment includes two bedrooms and one bathroom, while individual storage lockers and coin-operated laundry provide added convenience. The building also features newer windows, plaster rope molding, and crown molding.

Outdoor improvements include a newer concrete patio at the front and established landscaping. Parking consists of a four-car garage plus additional off-street spaces. The property is located within the Clayton School District at 7700 Shirley Drive.

Key Highlights

• Four two‑bedroom, one‑bathroom units
• Four‑car garage with additional off‑street parking
• Individual storage lockers for tenants

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$63,905

Cap Rate

5.47%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,278,100 $1.3M

Cap Rate 7%

$912,929 $912.9K

Cap Rate 9%

$710,056 $710.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 5,976 SF

Gross rent

$96.8K $16.20/SF

− Vacancy

−$5.5K −$0.92/SF

EGI

$91.3K $15.28/SF

− OpEx

−$27.4K −$4.58/SF

NOI

$63.9K $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%

$1,278,100

Cap Rate 7%

$912,929

Cap Rate 9%

$710,056

Alternative Uses

Best Use

Multifamily LT 5

$912.9K

$798.8K – $1.07M (±1% cap)

NOI $63,905 @ 7.0% cap · market cap 5.47%

Second Best

Apartment 5plus

$794.5K

$695.2K – $926.9K (±1% cap)

NOI $55,613 @ 7.0% cap · market cap 4.76%

Theoretical Best

Office A

$1.28M

$1.12M – $1.50M (±1% cap)

NOI $89,779 @ 7.0% cap · market cap 7.68%

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

4,069

Businesses Nearby

Explore this area Business Placement

Demographics for 63105, MO

18,846

Population

7,231

Households

2.6

Avg Household Size

31

Median Age

85%

College-Educated

97%

High-School Grad

2.5 sq mi

ZIP Area

7,538

Density / Sq Mi

$119,446

Median Household Income

$49,228

Median Earnings

$1,520

Median Rent

$735,500

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Frequently Asked Questions

What type of property is this?

Quadplex - Multifamily property with two-bedroom units, private storage, shared laundry, garage parking, and additional off-street parking.

Where is this quadplex located?

The property is located at 7700 Shirley Drive Clayton, MO.

What is the asking price?

The asking price for this property is $1,169,000.

What are key features of this property?

This property features: Four two‑bedroom, one‑bathroom units; Four‑car garage with additional off‑street parking; Individual storage lockers for tenants