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16-Unit Apartment Complex with Courtyard
For Sale
$800,000

207 S 5th Street, Louisiana, MO 63353

MULTI_FAMILY - Other - Louisiana, MO

Property Size11,728 SF
Lot Size0.37 Acres
Price / SF$68.21
Days on Market32

Property Features for 207 S 5th Street

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 2
Bathrooms 1
Full bathrooms 1
Rooms Dining Room, Bedroom 1, Bedroom 2, Bathroom 1
Parking features Parking Lot, Driveway, Alley
Security features Security Lighting
Window features Blinds
Patio and Porch features Porch, Patio, Deck
Interior features Custom Cabinetry, Dining/Living Room Combo, Eat-in Kitchen, Kitchen/Dining Room Combo, Laminate Counters, Open Floorplan, Shower
Exterior features Awning(s), Balcony, Courtyard, Garden, Lighting, No Step Entry, Ramp Entry, Uncovered Courtyard
Accessibility Accessible Approach with Ramp
Appliances Dryer, Exhaust Fan, Electric Oven, Refrigerator, Washer, Water Heater
Subdivision Thomas Apartments
Lot features Back Yard, Garden, Landscaped, Level
Elementary school Louisiana Elem.
Middle school Louisiana Middle
High school Louisiana High
Elementary school district Louisiana R-II
Middle school district Louisiana R-II
High school district Louisiana R-II
Directions South on highway 79, West on South Carolina street, and then go South on South 5th street. The apartment complex is located on the corner of South Carolina Street and South 5th Street at 207 South 5th Street, Louisiana, MO 63353.
Standard status Active
APN 08-04-18-004-043-001.000
Size 11,728 SF
Lot size 0.37 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 5654

Utilities

Utilities Water Available
Heating system Electric (Heating), Baseboard
Cooling system Wall Unit(s)
Water source Public

Amenities

courtyard
coin-operated laundry
handicap accessible

Building Details

Year built 1978
Floors in Building 2
Number of units 16
Flooring type Combination, Simulated wood, Laminate, Varies, Carpet, Vinyl, Linoleum
Building materials Brick, Concrete
Roof type Composition
Architectural style Other
Listing Agency: Juncture Real Estate, LLC
Listed By: Rachel Moses · License #2017027237
Added: Jul 12 Changed: Aug 4 Last Checked: Aug 12 at 8:06AM
MLS# 25083033

Copyright © 2026 Mid America Regional Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

16-unit, all-brick apartment complex built in 1978, offering two-bedroom apartments for residents age 62 and older. The community is centered around a courtyard with landscaping and garden areas, with outdoor spaces including a deck, patio, porch, balcony, and awnings. Apartment interiors include features such as custom cabinetry, eat-in and kitchen/dining room combinations, laminate counters, and open floorplans, along with a mix of flooring types.

The property operates under a multi-year Housing Assistance Payment (HAP) contract through the U.S. Department of Housing and Urban Development, and it is described as eligible for automatic annual OCAF rent increases. With 15 of 16 units currently leased to long-standing residents, the complex is operating at near full occupancy. Residents have access to coin-operated laundry facilities on both upper and lower levels.

Accessibility features include an accessible approach with ramp, ramp entry, and no-step entry. The home also includes an uncovered courtyard, composition roof, baseboard electric heating, and wall unit cooling. Water is available from the public system, and parking includes a driveway, parking lot, and alley. The property is located at 207 S 5th Street in Louisiana, MO 63353.

Key Highlights

  • HUD multi‑year Housing Assistance Payment (HAP) contract through HUD, described as eligible for annual OCAF rent increases
  • All‑brick 16‑unit apartment complex with two‑bedroom apartments for residents age 62 and older
  • Near‑full occupancy with 15 of 16 units leased

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Dental Office Real Estate Agency HVAC Service Plumbing Service Auto Parts Store Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

16
Residential units

Location Intelligence

Trade Area within ½ mile

222
Businesses Nearby

Demographics for 63353, MO

4,394
Population
2,439
Households
1.8
Avg Household Size
42
Median Age
16%
College-Educated
87%
High-School Grad
83.8 sq mi
ZIP Area
52
Density / Sq Mi
$49,219
Median Household Income
$35,583
Median Earnings
$678
Median Rent
$101,700
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - HUD HAP 16-unit all-brick apartment complex with coin laundry and near-full occupancy, 15 of 16 leased.
Where is this apartment building located?
The property is located at 207 S 5th Street Louisiana, MO.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: HUD multi‑year Housing Assistance Payment (HAP) contract through HUD, described as eligible for annual OCAF rent increases; All‑brick 16‑unit apartment complex with two‑bedroom apartments for residents age 62 and older; Near‑full occupancy with 15 of 16 units leased
More about this property
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