1624 Northwinds Estates Dr - Apartments FOR SALE


Saint Louis, MO 63136
$18,500,000 USD
559-799-1300
1624 Northwinds Estates Dr, Saint Louis, MO for Sale
$18,500,000 USD
Apartments - FOR SALE
1/136
null | 8.67% Cap Rate

1624 Northwinds Estates Dr
Saint Louis, MO 63136


OVERVIEW

Oakmont Townhomes at 1624 Northwinds Estates Dr., St. Louis, MO 63136 offers a compelling opportunity to acquire a 184-unit townhome community in North St. Louis County. Situated on approximately 15.08 acres, this well-maintained brick property features spacious 2-bedroom/1.5-bath floorplans averaging 1,260 SF, a highly desirable layout in today’s rental market. Each residence includes a private entry, private patio, washer/dryer connections, central HVAC, partially finished basements, and ample storage—creating a true townhome experience that appeals to long-term renters. Recent interior upgrades on some units, including new cabinets, granite countertops, refinished hardwood flooring, and tile backsplashes, have already proven successful, achieving rental premiums and underscoring a clear value-add path for future ownership. The community benefits from strong accessibility to major employment centers including Emerson Electric, Boeing, Lambert-St. Louis International Airport, Express Scripts, Christian Hospital, and UMSL. Residents also enjoy convenient access to I-70, State Route 367, public transit, nearby retail, and neighborhood services. With attractive in-place operations, proven upside through continued renovations, and a strategic location near major demand drivers, Oakmont Townhomes presents an exceptional opportunity to scale value in a large-format townhome asset.

FOR SALE DETAILS

PRICE

$18,500,000 USD

PRICE/SF

$80 USD /SF

# OF UNITS

184

PRICE/UNIT

$100,543

CAP RATE

8.67%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Oakmont Townhomes

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1969

PARKING SPACES

368

LAND DETAILS

LAND ACRES

15.19 AC

LAND SF

661,676 SF

ZONING

R3

APN/PARCEL ID

12G-42-0600,12G-42-0619,12G-42-0710,12G-42-0903,12G-42-0921,12G-42-0985,12G-42-1074,12G-44-1362,12G-44-1409,12G-44-1454,12G-44-1546

ASK ABOUT THIS PROPERTY

Lino PimentelPimentel Realty GroupMore Info
559-799-1300

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Lino PimentelPimentel Realty GroupMore Info
559-799-1300

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.