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4 Bruce Drive, Hazelwood, MO, 63031

This offering presents a 32-unit multifamily investment opportunity in Florissant, Missouri, consisting of four eight-family buildings located at 4–16 Bruce Drive. Built in the 1960s, the property features one-bedroom units and is part of a larger seven-building apartment community that has undergone extensive renovations between 2023 and 2026 totaling more than $1.6 million in capital improvements. Updates include electrical system upgrades, central air installation, and modernization of building infrastructure. The property is currently 93% occupied, with rents positioned below market levels, creating a clear value-add opportunity as leases renew and units stabilize. Select units have been intentionally left vacant to accommodate showings. Market data indicates average rents of approximately $942 for comparable one-bedroom units within a three-mile radius. Additional property features include pitched roofs, spacious common areas, ample off-street parking, and washer/dryer hookups in each building, with the potential to add shared laundry facilities for additional income. The property is conveniently located minutes from Lambert International Airport and major employers such as Boeing and Amazon, with nearby land planned for future city park development. The property has a shared maintenance agreement with the 3 four families in the cul de sac, with control of the budget and vendors. It covers exterior common areas, landscaping, lawn care, snow removal, parking, and shared electric. Costs are split by unit count, with the 32 units responsible for 72.73% of shared costs across the 44 total units.

Subdivision: Meadow Park Apts

List Price

$ 1,700,000

Status

Active

Days on market

0

MLS#

26013512

Bedrooms

0

Full baths

0

Sq. Ft. Above

8,379

Subdivision

Meadow Park Apts

Municipality

Hazelwood

School District

Hazelwood

County

St Louis

Property Type

Residential Income

Style

Traditional

Type

Residential Income

Additional Information

Property Tax (2025)

$20,168

Recent Nearby Sales in 63031

Last 6 closed homes in this zip.

Address Bd/Ba SqFt List Sold Closed
1420 Bobolink Drive, Florissant, MO 63031 3/2 1,217 $175,000 $187,227
107% of ask
Sep 11, 2026
1675 Central pkwy Parkway, Unincorporated, MO 63031 3/2 1,040 $1,800 $1,800
100% of ask
Sep 10, 2026
1305 Saint Jean Street, Florissant, MO 63031 2/1 716 $149,900 $149,900
100% of ask
Sep 10, 2026
145 Chateau Drive, Florissant, MO 63031 3/1 890 $154,900 $145,000
93.6% of ask
Sep 9, 2026
3819 Sonora Stone Drive, Unincorporated, MO 63031 3/2 1,539 $329,900 $329,900
100% of ask
Sep 9, 2026
2145 Jenkee Drive, Florissant, MO 63031 4/2 1,533 $175,000 $180,250
103% of ask
Sep 8, 2026

Price & Listing History

Listed for sale
Mar 16, 2026 at $1,995,000
Price reduced by $295,000 (14.8%)
From $1,995,000 to $1,700,000
Current status: Active
As of Sep 11, 2026 · $1,700,000

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