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32-Unit Apartment Community
New
For Sale
$2,000,000

245 Chambers Road, Riverview, MO 63137

MULTI_FAMILY - Other - Riverview, MO

Property Size23,744 SF
Lot Size1.07 Acres
Price / SF$84.23
Days on Market6

Property Features for 245 Chambers Road

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 2
Bathrooms 1
Full bathrooms 1
Rooms Dining Room, Bedroom 2, Bedroom 1, Bathroom 1, Basement
Parking 40
Window features Blinds, Aluminum Frames, Screens
Interior features Eat-in Kitchen, Kitchen/Dining Room Combo, Natural Woodwork, Pantry, Storage
Exterior features Lighting
Basement Full, Interior Entry, Storage Space, Unfinished
Appliances Exhaust Fan, Free-Standing Gas Range, Free-Standing Refrigerator, Gas Water Heater
Subdivision Riverview Gardens
Lot features City Lot, Corner Lot, Few Trees, Level, Near Public Transit, Paved, Rectangular Lot
Elementary school Glasgow Elem.
Middle school R. G. Central Middle
High school Riverview Gardens Sr. High
Elementary school district Riverview Gardens
Middle school district Riverview Gardens
High school district Riverview Gardens
Directions GPS Friendly. Office is on the Front Left in Lower Level by Appointment Only.
Standard status Active
APN 11E-33-0061
Size 23,744 SF
Lot size 1.07 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description RIVERVIEW GARDENS LOT PTS 4 16 & 417
Tax Annual Amount 29292
Legal Description RIVERVIEW GARDENS LOT PTS 4 16 & 417

Utilities

Heating system Forced Air, Natural Gas
Cooling system Electric, Central Air, Separate Meters
Water source Public

Amenities

coin-operated laundry
on-site management office

Building Details

Year built 1965
Floors in Building 2
Number of units 32
Flooring type Hardwood, Laminate, Tile - Ceramic
Building materials Brick
Roof type Shingle
Architectural style Other
Additional Structures Storage
Listing Agency: Nettwork Global
Listed By: Jessica Vargas · License #2016044318
Added: Aug 3 Changed: Aug 5 Last Checked: Aug 8 at 1:06PM
MLS# 26045194

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.

Chevelle Apartments is a well-maintained 32-unit apartment community made up of eight (8) four-family brick buildings on approximately 1.07 acres. The property is currently 28 of 32 units occupied, with ownership actively leasing the remaining vacancies. Based on the reported 2025 Net Operating Income, the property is underwritten at an approximate 8.3% CAP rate.

The community offers spacious two-bedroom, one-bath units. Flooring includes hardwood and laminate options, with many units featuring hardwood floors or luxury vinyl plank flooring. Plumbing has been updated, and the owner has invested in the property’s mechanical systems over the years. Residents have access to coin-operated laundry facilities on site, along with an on-site management office with a restroom located in the lower level of one of the buildings.

Unit features include ranges and refrigerators, and dishwashers are not installed. Heating is natural gas forced air with electric central air, and the cooling system uses separate meters. Water is provided by public supply, and the roof is shingle. Residents are under a no-pets policy with predominantly non-smoking residents. Parking lot and retaining walls are reported to be in excellent condition. Showings are by appointment only with the listing agent after proof of funds or lender pre-approval, and tenants should not be disturbed. No owner financing is available.

Key Highlights

  • 32‑unit apartment community across eight (8) four‑family brick buildings
  • 28 of 32 units currently occupied; ownership actively leases remaining vacancies
  • Approximately 1.07 acres

Property Analytics

Current Use

Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply Spa & Massage Center HVAC Service 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

32
Residential units
87.5%
Occupancy

Location Intelligence

Trade Area within ½ mile

164
Businesses Nearby

Demographics for 63137, MO

18,765
Population
9,708
Households
1.9
Avg Household Size
36
Median Age
15%
College-Educated
89%
High-School Grad
7.1 sq mi
ZIP Area
2,643
Density / Sq Mi
$45,597
Median Household Income
$31,822
Median Earnings
$1,017
Median Rent
$79,400
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

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

What type of property is this?
Apartment building - Well-maintained 32-unit apartment community with on-site coin laundry and 28 of 32 units occupied.
Where is this apartment building located?
The property is located at 245 Chambers Road Riverview, MO.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: 32‑unit apartment community across eight (8) four‑family brick buildings; 28 of 32 units currently occupied; ownership actively leases remaining vacancies; Approximately 1.07 acres
More about this property
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