314-451-7145
551 S Clay Ave, Kirkwood, MO for Sale
Apartments - FOR SALE
1/8
null | Request Cap Rate

551 S Clay Ave
Kirkwood, MO 63122


HIGHLIGHTS

  • 44 Updated Units in Heart of Kirkwood
  • Great Unit Mix - 1, 2 & 3 Bedroom Units
  • In-Unit Washer & Dryer in 89% of the Units
  • Updated Electric Panels
  • Incredible Location - 10 Min. Walk to Downtown Kirkwood

OVERVIEW

Salient Realty Group is pleased to present Kirkwood Forest, a 44-unit multifamily investment opportunity located at 551 S. Clay Avenue in Kirkwood, Missouri, one of the most affluent and supply-constrained submarkets in the St. Louis metropolitan area. The property features a highly desirable unit mix of one, two, and three-bedroom floor plans ranging from approximately 650 to 1,250 square feet, appealing to a broad and stable renter base. A portion of the units have been upgraded with modern finishes, including granite countertops, stainless steel appliances, and in-unit washer/dryers, enhancing rental appeal and supporting premium rents. The asset is exceptionally well-located within the top-ranked Kirkwood R-VII School District and offers walkable access to downtown Kirkwood, a vibrant retail and dining destination that continues to drive renter demand. Recent interior renovations completed by current ownership establish a clear runway for additional value creation through continued unit upgrades, operational efficiencies, and mark-to-market rent growth. Kirkwood Forest represents a rare opportunity to acquire a stabilized, garden-style apartment community in a high-barrier submarket with limited new supply, consistent tenant demand, and long-term rent growth fundamentals.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

44

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Kirkwood Forest

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1974

PARKING SPACES

51

LAND DETAILS

LAND ACRES

2.04 AC

LAND SF

88,862 SF

ZONING

R4

APN/PARCEL ID

24M-13-1096

ASK ABOUT THIS PROPERTY

Tim McCarthySalient Realty Group LLCMore Info
314-451-7145

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

Tim McCarthySalient Realty Group LLCMore Info
314-451-7145

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