8942 Eden Ave - Apartments FOR SALE


Affton, MO 63123
$1,150,000 USD
314-451-7145
8942 Eden Ave, Affton, MO for Sale
$1,150,000 USD
Apartments - FOR SALE
1/15
null | 6.99% Cap Rate

8942 Eden Ave
Affton, MO 63123


HIGHLIGHTS

  • Renovated 6 of 8 Units
  • All Two Bed, One Bath Units
  • In-Unit Laundry and Central HVAC in All Units
  • Stabilized with Strong Upside - Below Market Rents
  • Located in Affton, MO - High Demand Submarket
  • Ample Off-Street Parking

OVERVIEW

Located in the high-demand Affton submarket of South St. Louis County, 8942–8948 Eden Avenue presents a rare opportunity to acquire a stabilized, fully renovated 8-unit multifamily asset with strong upside potential. Each unit features two bedrooms and one bathroom, complemented by in-unit laundry, central HVAC, and updated finishes throughout. The property spans 6,864 square feet across two buildings on a 0.49-acre lot, with ample off-street parking for residents. Current rents average $1,054 per unit, significantly below market rates of approximately $1,295, offering immediate value-add potential through rent adjustments. With all units leased and no deferred maintenance noted, the asset is well-positioned for both seasoned investors and new entrants seeking a turnkey multifamily investment. Affton’s strong demographic profile includes an average household income of $83,361 within a one-mile radius and a population exceeding 293,000 within five miles. The property benefits from proximity to major retail corridors, including Watson Road and S. Laclede Station Road, with nearby anchors such as Schnucks, Walgreens, and QuikTrip. The surrounding area is a mix of residential neighborhoods, schools, and local businesses, enhancing tenant retention and long-term stability. This offering combines location, renovation quality, and income growth potential in one of St. Louis County’s most sought-after submarkets.

FOR SALE DETAILS

PRICE

$1,150,000 USD

PRICE/SF

$168 USD /SF

# OF UNITS

8

PRICE/UNIT

$143,750

CAP RATE

6.99%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Eden Apartments

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1987

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.49 AC

LAND SF

21,344 SF

ZONING

C-2

APN/PARCEL ID

26J-43-1049,26J-43-1050

ASK ABOUT THIS PROPERTY

Tim McCarthySalient Realty Group LLCMore Info
314-451-7145

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Tim McCarthySalient Realty Group LLCMore Info
314-451-7145

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