5437-5445 Page Blvd - Apartments FOR SALE


Saint Louis, MO 63112- Hamilton Heights
$927,000 USD
314-254-2013
5437-5445 Page Blvd, Saint Louis, MO for Sale
$927,000 USD
Apartments - FOR SALE
1/20
null | 8.55% Cap Rate

5437-5445 Page Blvd
Saint Louis, MO 63112
Hamilton Heights


OVERVIEW

This is a rare opportunity to acquire a 12-unit multifamily property in one of St. Louis’ most desirable rental corridors, ideally located near The Loop, Forest Park, and Washington University. The asset consists of four three-family buildings featuring spacious 900-square-foot three-bedroom units, totaling 36 bedrooms. Recent capital improvements include updated HVAC systems, electrical and plumbing upgrades, new flooring, appliances, doors, windows, fresh interior paint, and refreshed common areas, with the added benefit of off-street parking for tenants. The property presents a clear value-add opportunity, as current rents remain below market levels. Rental data within a three-mile radius shows average market rents for comparable three-bedroom units at approximately $2,230 per month, or $1.83 per square foot, while Section 8 rents range from $1,570 to $1,670 per month. Strategically positioned just 0.9 miles from The Loop, 1.4 miles from Forest Park, 1.9 miles from Washington University’s North Campus, 2.2 miles from the Barnes Hospital complex, 2.9 miles from Washington University’s main campus, and 3 miles from Clayton, the property benefits from strong surrounding demand drivers and long-term rental upside.

FOR SALE DETAILS

PRICE

$927,000 USD

PRICE/SF

$45 USD /SF

# OF UNITS

12

PRICE/UNIT

$77,250

CAP RATE

8.55%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1908

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.47 AC

LAND SF

20,473 SF

ZONING

B-Two Family Residential

APN/PARCEL ID

3801-04-0190-0

ASK ABOUT THIS PROPERTY

Jordan SchoenInvest Saint LouisMore Info
314-254-2013

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Jordan SchoenInvest Saint LouisMore Info
314-254-2013

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