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7401 Olian Drive

Hazelwood, MO 63042

– beds
– baths
3,484 sqft
10,206 sqft lot
$86 per sqft
1962 build
– on site

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This turnkey building is a breeze to rent! Each unit features a LR, DR, 2-beds, 1-bath. Three units have been updated, including kitchens, bathrooms, appliances, cabinets, new & resurfaced floors, some furnaces. Flooring is hardwood, wood laminate, some carpet, tile in the bathrooms/kitchens. Partially updated stacks, some newer water heaters, some newer furnaces. Storage units, laundry hookups, and two reserved parking spots per unit. Electric panels are Federal Pacific. Tenants pay electric and gas. Owner pays sewer, water, trash, lawn/snow, and maintenance. With current income/expenses, this is a 7.11% cap rate at asking price. Manage yourself or factor in a management fee for convenience. Rentometer indicates plenty of room to grow rents. It appears taxes are higher than some neighbors; it may be worth appealing the taxes to improve overall financial performance. Fully occupied. Also available with two other 4-families as a package under MLS#23011906.

Listing courtesy of MARIS / Radius Realty

Last checked: Checking… • Last updated May 29, 2025 •

MLS# 23011914 —

The Building

Year Built:

1962
Construction Materials:

Brick
Unit Count:

4
Number Of Units Total:

4
Basement:

false
Above Grade Finished Area:

3,484 Sqft

Interior

Fireplace:

false
Living Area Source:

Assessor
Living Area:

3484
Laundry Features:

Laundry Room

Financial & Terms

Listing Terms:

Cash, Conventional, 1031 Exchange
Ownership Type:

Private
Possession:

Close Of Escrow

Location

Longitude:

-90.356497
Latitude:

38.785807

The Property

Property Sub Type:

2-4 Units
Property Type:

Residential Income
Parcel Number:

09K-43-0558
Lot Size Acres:

0.234
Lot Size Area:

0.23
Lot Size Units:

Acres
Lot Size Square Feet:

10,206 Sqft
Lot Size Dimensions:

81x126
Lot Size Source:

Public Records
Waterfront:

false
Road Surface Type:

Asphalt

Listing Agent

Contact info:

Taxes

Tax Year:

2022
Tax Annual Amount:

$4,314

Heating & Cooling

Cooling:

Central Air, Electric
Heating:

Natural Gas, Forced Air

Utilities

Sewer:

Public Sewer
Water Source:

Public

Appliances

Appliances:

Gas Water Heater, Propane Water Heater

Schools

Elementary School:

Mcnair Elem.
Middle School:

Northwest Middle
High School:

Hazelwood West High
High School District:

Hazelwood

The Community

Subdivision Name:

Elm Grove Lane 1
Association Fee Frequency:

None
Pool:

No

Parking

Parking Features:

Assigned, Off Street
Garage:

false
Carport:

false

Explore the Area

My Commute

From

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
4/13/23 Apr 13, 2023	Sold	MARIS	$300,000

Multifamily Sold on 4/13/2023

$300,000

Listing provided by broker:

Tammy K Derrigan

Radius Realty

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Listing Courtesy of: MARIS and Radius Realty.

Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Information from Third Parties, Deemed Reliable but Not Verified.

7401 Olian Drive

Hazelwood, MO 63042