- For Sale $5,900,000
- Property Type Multi-Family
- Property Size 36,537 SF
- Units 50
- Lot Size 2.09 Acre
- Building Class C
- Year Built 1966
- Date Updated Apr 9, 2026
Description
Highlights
Established 50-unit multifamily property located in a quiet tree-lined cul-de-sac in South St. Louis County, Missouri
Below-market rents allowing immediate value-add for new ownership
Owners have invested over $500,000 in capital expenditures since 2018, which include new roofing on all buildings, interior and exterior updates, and unit renovations
Favorable mix of one and two-bedroom apartment floor plan styles with 60% being 2-bedroom units
Washer connections for all units are available in the basement of each building. Shared coin-operated dryers provided by Hoppy’s Self Service are available in all buildings for tenant use. Additionally, two units are furnished with a washer and dryer.
Most units will offer the ability to update and push rents further over a new ownership period
One-Mile Demographics with an average household income of $120,538 reflects a solid middle-class foundation with considerable consumer spending power
Desirable location with convenient access to Lindbergh Blvd., Tesson Ferry Rd., and Hwy 270
Strong in-place cash flow with occupancy at 96%
Offered free and clear of encumbrances and below replacement cost
False
Contacts
CBRE
CBRE
