314-451-7471
24 S Spring Ave, Saint Louis, MO for Sale
Apartments - FOR SALE
1/20
null | Request Cap Rate

24 S Spring Ave
Saint Louis, MO 63108
Midtown St Louis


HIGHLIGHTS

  • Prime Location Adjacent to Saint Louis University Campus
  • Below Market Rents With Upside Potential
  • Positioned in A High-Growth Redevelopment Zone
  • Consistent, Recision-Resistant Occupancy
  • Durable, Updated Systems, leading to stable, low-capex investment
  • Across from the City Foundry and other amazing amenities

OVERVIEW

Salient Realty Group is pleased to present this exclusive property to purchase, The Spring Street Lofts. A 94 bed Student Housing Complex (48 units); this is a rare opportunity to own a stabilized, high-demand multifamily asset perfectly situated within walking distance of Saint Louis University, one of the city’s largest and most consistent housing drivers. The asset is strategically located in the heart of Midtown. This boutique loft building captures the ever-growing demand for quality, off-campus student housing—an increasingly limited commodity as SLU’s enrollment continues to rise and on- campus housing options remain constrained. The property’s combination of exposed brick, high ceilings, and modern finishes appeals directly to today’s student and young professional renter profile, ensuring strong occupancy and rent premiums. Investors benefit from steady, recession-resistant demand generated by SLU’s 12,000+ students and nearby medical and graduate programs, as well as close proximity to Central West End’s dynamic restaurant, retail, and nightlife amenities that enhance tenant retention. With consistent leasing velocity, minimal vacancy, and proven rent growth potential, Spring Street Lofts stands out as a turnkey investment in one of St. Louis’s most reliable micro-markets for long-term appreciation and cash flow stability.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

48

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Spring Street Loft Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1927

PARKING SPACES

38

LAND DETAILS

LAND ACRES

0.63 AC

LAND SF

27,443 SF

ZONING

-

APN/PARCEL ID

2202-00-0140-7

ASK ABOUT THIS PROPERTY

Garen LafserSalient Realty Group LLCMore Info
314-451-7471

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Garen LafserSalient Realty Group LLCMore Info
314-451-7471

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