Brick Quadplex with
New
For Sale
Under Contract
$1,169,000
7700 Shirley Drive, Clayton, MO 63105
Residential Income, Clayton, MO
Property Size5,976 SF
Lot Size0.22 Acres
Price / SF$195.62
Days on Market5
Property Features for 7700 Shirley Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1, Basement, Bedroom 2, Dining Room, Bedroom 1
Parking
8
Parking features
Garage, On Street, Open, Underground/Basement, Off Street
Interior features
Eat-in Kitchen, Entrance Foyer, Separate Dining, Storage, Tub
Exterior features
Balcony
Appliances
Dishwasher, Disposal, Free-Standing Gas Oven, Gas Oven, Gas Range, Refrigerator, Water Heater
Subdivision
Country Club Place
Elementary school
Meramec Elem.
Middle school
Wydown Middle
High school
Clayton High
Elementary school district
Clayton
Middle school district
Clayton
High school district
Clayton
Directions
GPS friendly
Standard status
Active Under Contract
APN
19K-64-0273
Size
5,976 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
11125
Utilities
Heating system
Hot Water(Heating), Natural Gas, Radiant
Cooling system
Central Air, Electric, Window Unit(s), Ceiling Fan(s)
Water source
Public
Amenities
individual storage lockers
coin-operated laundry
newer concrete patio
landscaped
Building Details
Year built
1935
Floors in Building
2
Number of units
4
Flooring type
Hardwood, Tile - Ceramic
Building materials
Brick
Architectural style
Colonial
Additional Structures
Storage
Listing Agency:
Realty Exchange · Coldwell Banker Real Estate
(314) 647-2220
Listed By:
Constantine Benos · License #1999111555
(314) 504-9043
Added: Sep 22
Changed: Sep 26
Last Checked: Sep 26 at 8:06PM
MLS# 26055392
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 1935 brick quadplex contains four two-bedroom, one-bath apartments within a 5,976-square-foot building. Apartment features include eat-in kitchens, separate dining areas, hardwood and ceramic tile flooring, crown molding, plaster rope molding, and newer windows. Tenants have access to individual storage lockers, coin-operated laundry, and a newer concrete front patio. Heating is provided by natural gas radiant and hot-water systems, with central air and window-unit cooling noted throughout the property.
The 0.22-acre site includes a four-car garage, additional off-street parking, balconies, and landscaped exterior areas. The property is located in Clayton, Missouri, within the Clayton School District. Brick construction, a Colonial architectural style, public water service, and a mix of garage, basement, open, off-street, and on-street parking further define the asset.
The 0.22-acre site includes a four-car garage, additional off-street parking, balconies, and landscaped exterior areas. The property is located in Clayton, Missouri, within the Clayton School District. Brick construction, a Colonial architectural style, public water service, and a mix of garage, basement, open, off-street, and on-street parking further define the asset.
Key Highlights
- Four two‑bedroom, one‑bath units
- 5,976‑square‑foot building on 0.22 acres
- Four‑car garage plus additional off‑street parking
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
$63,905
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
5.47%
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%
$1,278,100
$1.3M
Cap Rate 7%
$912,929
$912.9K
Cap Rate 9%
$710,056
$710.1K
Market Conditions
NOI Build-Up for 5,976 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
$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 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%
$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
NOI $63,905 @ 7.0% cap · market cap 5.47%
Second Best
Apartment 5plus
$794.5K
$695.2K – $926.9K
NOI $55,613 @ 7.0% cap · market cap 4.76%
Theoretical Best
Office A
$1.28M
$1.12M – $1.50M
NOI $89,779 @ 7.0% cap · market cap 7.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four two-bedroom apartments with shared laundry, storage lockers, landscaped grounds, and dedicated garage 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‑bath units; 5,976‑square‑foot building on 0.22 acres; Four‑car garage plus additional off‑street parking
