Marcus & Millichap is pleased to offer Trinity Park Apartments, a 490-unit LIHTC and Section 8 multifamily community on ±24.08 acres in North St. Louis. The asset presents a clear lease-up/value-add story: physical occupancy is ±38.7%, average in-place rents are ±$610, and 2024 60% AMI caps allow higher achievable rents within program guidelines.
Comprised of 34 buildings, the Property offers a desirable mix of 285 one-bedroom apartments and 205 two-bedroom apartments. Community amenities include a clubhouse, pool, fitness, picnic area, tennis, laundry, elevator, and on-site management. The portfolio benefits from LIHTC compliance through 2037/2038, 102 units HUD Section 8 Project Based Rental Assistance, and a 20-year Option 2 renewal (effective 2025), providing income stability and mission alignment. Trinity Park Apartments is located 13 miles from Downtown St. Louis with access to Interstate 270/Route 367, major employers, and the forthcoming Saint Louis Zoo Wildcare Park.