Searching ...

Price Improvement!! Exceptional opportunity to acquire a fully-leased, 17-unit income-producing condominium portfolio in O'Fallon. This stabilized offering includes a diversified mix of one- and two-bedroom residences across multiple phases within Eagle Ridge Condominiums. Currently, all 17 units are occupied. Several units have been remodeled, enhancing long-term value and tenant appeal. All units feature fireplaces, and select residences offer vaulted ceilings, adding character and desirability. Residents enjoy access to a community pool and clubhouse, supporting strong occupancy and retention. Ideally located just one block from the intersection of Highway 50 and North Greenmount Road with quick access to Interstate 64. The property is less than 20 minutes to Scott Air Force Base and under 30 minutes to downtown St. Louis, positioning it well for consistent rental demand. HOA-managed exteriors help reduce owner maintenance responsibilities, covering exterior building maintenance with the exception of windows and doors. Many roofs, stairways, and siding sections throughout the community have recently been replaced or are currently being updated. Portfolio discount available for full-package acquisition, with additional pricing incentives for multi-unit purchases. Ideal for 1031 exchange buyers or investors seeking scalable residential income in a stable Metro East market. Seller prefers sale of the entire portfolio; however, individual or multi-unit purchases may be considered. A portfolio discount has been applied to the full package listing price.

Highlights

  • Residential Income
  • Multi Family
  • Built in 1980
  • $7,126/mo HOA
  • 9 Car Garage
  • 250 days on Market

  • Year Built
    1980
  • Architectural Style
    Traditional
  • Construction Materials
    Vinyl Siding, Brick
  • Garage Spaces
    9.0
  • Exterior Features
    Balcony
  • Pool Features
    Fenced, In Ground
  • Cooling
    Central Air
  • Heating
    Forced Air

  • Water
    Public


Ask a Question

What's your home worth?

Calculate your current home value within seconds.

Frequently Asked Questions

How do I schedule a tour of 161 306 Eagle Rdg?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 161 306 Eagle Rdg.

They know residential incomes in the area well and can give you the guidance you need to buy with confidence.

How do I get more information about 161 306 Eagle Rdg?

Click Ask a Question to talk with our team. You already know it is a N/A bed, N/A bath, listed for $1,520,000. We can talk through recent upgrades, potential seller motivation, how this multi family compares to others in O Fallon, and can even get you in to see the property quickly.

How much is the monthly mortgage payment for 161 306 Eagle Rdg?

With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 161 306 Eagle Rdg at around $8,650. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy 161 306 Eagle Rdg?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in St. Clair County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for 161 306 Eagle Rdg?

In most cases, yes. Whether 161 306 Eagle Rdg is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in O Fallon's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on 161 306 Eagle Rdg?

We can handle that for you. Our preferred local agent specializes in residential incomes in O Fallon and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

How long has this property been on the market?

161 306 Eagle Rdg was listed on March 05, 2026, which means it's been on the market for 250 days.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

When was this house built?

This home was built in 1980, making it approximately 46 years old.

What schools are assigned to this property?

Based on MLS info, this home is zoned for:

  • Elementary: OFALLON DIST 90
  • Middle: OFALLON DIST 90
  • High: OFallon

Want to see how these schools compare? Check out our St. Clair County School Guide to see ratings, reviews, and more for the schools in the area.

Is there an HOA fee for this property, and what does it cover?

This home has an HOA fee of $7,126 paid monthly.

This covers access to community features including: Clubhouse, Pool, Parking.

Is 161 306 Eagle Rdg still available for sale?

Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.

Source: ez Home Search, MLS Data


Search Nearby Counties


Search Nearby Postal Codes

Based on information submitted to the MLS GRID as of November 10, 2026 at 02:02AM. 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.

Source: MARIS MLS | MLS#: 26012429