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4432-4434 Olive St 8 Unit Apartment Building $1,932,658 CAD ($241,582 CAD/Unit) 7.12% Cap Rate Saint Louis, MO 63108
Investment Highlights
- Large 2 bed/2 bath units with In-Unit Laundry
- Off-Street Secured Parking Lot
- Condo Conversion Potential | $285,000 average sale price
- Located in the Central West End
- Below Market Rents
Executive Summary
4432-4434 Olive presents a prime investment opportunity in the heart of St. Louis' prestigious Central West End neighborhood. The property consists of 8 apartments. The property underwent a total and complete redevelopment in late 2012. All systems were updated or installed at that time. This results in a fully updated building with modern finishes that retains its historic charm which tenants desire. Each unit is a large 2 bed & 2 bath unit with in unit laundry. The rear of the property has a secure eight car parking lot.
The property not only offers strong in place financial performance but also allows for significant appreciation through raising rents to market. This is truly an amazing opportunity in the City's premier Central West End neighborhood, with significant upside.
Another strategy is to convert the units to condos for resale. The immediate area has multiple sale comparables that average $285,000 for a 2 bed, 2 bath unit. This provides a very lucrative exit strategy.
The property not only offers strong in place financial performance but also allows for significant appreciation through raising rents to market. This is truly an amazing opportunity in the City's premier Central West End neighborhood, with significant upside.
Another strategy is to convert the units to condos for resale. The immediate area has multiple sale comparables that average $285,000 for a 2 bed, 2 bath unit. This provides a very lucrative exit strategy.
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,932,658 CAD | Building Class | B |
| Price Per Unit | $241,582 CAD | Lot Size | 0.18 AC |
| Sale Type | Investment | Building Size | 9,400 SF |
| Cap Rate | 7.12% | Average Occupancy | 75% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1897/2013 |
| Property Subtype | Apartment | Parking Ratio | 0.85/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | G | ||
| Price | $1,932,658 CAD |
| Price Per Unit | $241,582 CAD |
| Sale Type | Investment |
| Cap Rate | 7.12% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.18 AC |
| Building Size | 9,400 SF |
| Average Occupancy | 75% |
| No. Stories | 2 |
| Year Built/Renovated | 1897/2013 |
| Parking Ratio | 0.85/1,000 SF |
| Zoning | G |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Washer/Dryer
- Heating
- Ceiling Fans
- Basement
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 8 | - | 1,085 |
1 1
Very walkable
80/100
Moderately drivable
60/100
Some public transit
40/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 4580-05-0060-1 | Total Assessment | $196,317 CAD |
| Land Assessment | $16,262 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $180,055 CAD | Tax Year | 2026 |
Property Taxes
Parcel Number
4580-05-0060-1
Land Assessment
$16,262 CAD
Improvements Assessment
$180,055 CAD
Total Assessment
$196,317 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2026
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4432-4434 Olive St
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