7307 Pasadena BoulevardPasadena Hills, MO 63121

Description

Excellent investment opportunity! This well-maintained 4-family apartment building has been under continuous professional management since 2017 and offers a strong rental history with additional upside potential. Each of the four units features an identical 1-bedroom, 1-bathroom floor plan with hardwood flooring throughout the living areas and bedrooms, tile flooring in the kitchens and bathrooms, separate HVAC systems, and individual utility systems. Three units are currently occupied, including two long-term tenants who have been in place since 2016 and 2017, while the third occupied unit was leased in April 2026. The fourth unit recently became vacant after a long-term tenancy, providing an excellent opportunity for an owner-occupant or for a new tenant at current market rent. The shared basement offers washer and dryer hookups for each unit, along with a designated storage area for every apartment. Water, sewer, and trash are included in the rent. Recent capital improvements include major plumbing updates completed in 2026, eight replacement windows installed in 2024, and an electrical system update. This turnkey investment has been professionally managed for years and offers stable occupancy, separate mechanical systems, and immediate value-add potential through leasing the vacant unit. Whether you're expanding your portfolio or purchasing your first multifamily property, this is an opportunity you won't want to miss.

Property Information

Property type

Residential Income

Sub-type

Multi Family

Style

Apartment Style / Historic

Year built

1950

Living area

2,726 Sq Ft

Lot size

0.10 acres

Garage spaces

2

Ownership

Private

Days on market

76

MLS^® Listing#

26046073

Property Features

Exterior

None

Appliances

Microwave · Gas Range · Refrigerator

Cooling

Central Air · Varies by Unit · Wall/Window Unit(s)

Heating

Forced Air · Natural Gas

Flooring

Ceramic Tile · Hardwood

Basement

Concrete · Exterior Entry · Full · Interior Entry · Storage Space · Unfinished · Walk-Out Access

Parking

Basement · Off Street · On Street

Laundry

In Basement

Fencing

None

Construction

Brick

Foundation

Concrete Perimeter

Windows

Blinds · Double Pane Windows · Wood Frames

Security

Carbon Monoxide Detector(s) · Smoke Detector(s)

Water source

Public

Schools

Elementary

Bel-Nor Elem.

Middle

Bel-Nor Middle School

High

Normandy High

Financial Details

HOA

None

Annual taxes

$5,817Tax year 2025

Parcel number

14H-22-0281

Directions

GPS Friendly