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7403 Olian (Package Of Three)

Hazelwood, MO 63042

– beds
– baths
10,488 sqft
~3/4 acre lot
$85 per sqft
1958 build
– on site

More homes

These three turnkey buildings are a breeze to rent! They each feature four units with 2-beds, 1-bath, LR, DR. Renovations include kitchens, baths, appliances, cabinets, new and resurfaced floors, new furnaces, and new energy efficient windows. Flooring is mostly hardwood or wood laminate (some carpet), and tile in the bathrooms/kitchens. The buildings have newer roofs and condenser units. Storage units, laundry hookup, and reserved off-street parking spots for each unit make for happy residents. Electric panels are Federal Pacific. Tenants pay electric and gas. Owner pays sewer, water, trash, lawn/snow, and maintenance. With current rents (avg. 745) and a proven pro-forma rent for vacant unit these properties are at a 7.68% cap rate at asking price. Manage yourself or factor in a PM for convenience. Rentometer indicates plenty of room to grow rents. Addresses are 7401 Olian, 7403 Olian, and 7408 Burcke. Available individually at MLS #23011914, #23011913, #23011952 Show 7403 Olian #A.

Listing courtesy of MARIS / Radius Realty

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

MLS# 23011906 —

The Building

Year Built:

1958
Number Of Buildings:

3
Construction Materials:

Brick
Architectural Style:

Low/1-2
Number Of Units Total:

12
Security Features:

Smoke Detector(s)
Basement:

false
Above Grade Finished Area:

10,488 Sqft

Interior

Fireplace:

false
Living Area Source:

Assessor
Living Area:

10488
Laundry Features:

In Unit

Financial & Terms

Listing Terms:

Cash, Conventional, 1031 Exchange
Ownership Type:

Private
Possession:

Close Of Escrow

Location

Longitude:

-90.356288
Latitude:

38.785959

The Property

Property Sub Type:

5 Family or More
Property Type:

Residential Income
Parcel Number:

08K-11-0040
Lot Size Acres:

0.77
Lot Size Area:

0.77
Lot Size Units:

Acres
Lot Size Square Feet:

33,541 Sqft
Lot Size Dimensions:

IRR - 3 parcels
Lot Size Source:

Public Records
Waterfront:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2022
Tax Annual Amount:

$7,235

Heating & Cooling

Cooling:

Central Air, Electric
Heating:

Natural Gas, Forced Air

Utilities

Sewer:

Public Sewer
Water Source:

Public

Appliances

Appliances:

Gas 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:

1040
Association Fee Frequency:

Annually
Pool:

No

Parking

Parking Features:

Assigned
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	$900,000

Multifamily Sold on 4/13/2023

$900,000

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.

7403 Olian (Package Of Three)

Hazelwood, MO 63042