3717 Westminster Pl

3717–3721 Westminster Place offers an exceptional location immediately adjacent to Saint Louis University, placing the property in the heart of one of St. Louis’ most active educational and employment hubs. With SLU’s North Campus just steps from the property, residents benefit from convenient access to the university’s academic buildings, athletic facilities, employment base, and surrounding Midtown amenities. The property’s proximity to SLU creates a compelling location advantage, with a large population of students, faculty, staff, and university-affiliated professionals nearby. Beyond the campus, residents are minutes from City Foundry STL, IKEA, Cortex Innovation Community, the Washington University Medical Campus, Barnes-Jewish Hospital, and Forest Park. Surrounded by continued investment throughout the SLU/Midtown corridor, 3717–3721 Westminster combines a highly walkable university-adjacent setting with convenient access to Grand Boulevard, Lindell Boulevard, I-64/40, and Downtown St. Louis. For investors, the location provides a strong foundation for sustained rental demand driven by SLU and the broader Midtown employment and entertainment district.3717 Westminster Place presents an opportunity to acquire a 17-unit multifamily property offering strong in-place cash flow with additional upside in one of St. Louis’ most active urban corridors. The property is being offered at a 7.16% in-place cap rate with an 8.36% proforma cap rate, providing investors attractive current returns with the opportunity to further grow NOI. The property was fully redeveloped in 2008 and then underwent further updates in 2022/2023. Ideally positioned just minutes from Saint Louis University and City Foundry STL, the property benefits from proximity to some of the city’s largest education, employment, medical, dining, and entertainment destinations. Nearby anchors include Cortex Innovation Community, Washington University Medical Campus, Barnes-Jewish Hospital, and the Armory. With 17 units, strong in-place returns, additional rental upside, and a location near SLU and City Foundry, 3717 Westminster Place offers investors an opportunity to acquire meaningful scale in a well-established St. Louis rental corridor.