Brick Multifamily Compound with
For Sale
$800,000
340 Selma, Webster Groves, MO 63119
MULTI_FAMILY - Ranch - Webster Groves, MO
Property Size2,991 SF
Lot Size0.44 Acres
Price / SF$267.47
Days on Market15
Property Features for 340 Selma
General Information
Property type
Residential Multi Family
Property subtype
Single Family Residence
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3
Subdivision
Pasadena Webster
Elementary school
Bristol Elem.
Middle school
Hixson Middle
High school
Webster Groves High
Elementary school district
Webster Groves
Middle school district
Webster Groves
High school district
Webster Groves
Directions
2 units will be vacant on lockbox
Standard status
Active
APN
23K230185
Size
2,991 SF
Lot size
0.44 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
9233
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1950
Building materials
Brick
Architectural style
Ranch
Listing Agency:
The Agency
(314) 677-1477
Listed By:
Anthony Klier · License #2022012991
(314) 280-9996
Added: Jul 17
Changed: Jul 28
Last Checked: Jul 31 at 6:06AM
MLS# 26043885
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.
This five-unit brick multifamily compound features two mid-century buildings delivering four one-bedroom homes and one two-bedroom home. The property includes five private garage spaces across two detached garages, plus private yards and patios, along with generous off-street parking. Utilities are separately metered to each unit for electric, gas, water, sewer, and trash, with ownership effectively responsible for taxes and insurance.
Two of the units are already renovated to a consistent standard, including quartz countertops, stainless appliances, in-unit washer and dryer, tiled baths, and wide-plank flooring. The remaining three one-bedroom units are leased month-to-month.
Located in Webster Groves, the property is described as being near the shops and restaurants of Old Webster, with an 80-plus walk score and about nine miles to downtown St. Louis. Showings are expected to start 7/16.
Two of the units are already renovated to a consistent standard, including quartz countertops, stainless appliances, in-unit washer and dryer, tiled baths, and wide-plank flooring. The remaining three one-bedroom units are leased month-to-month.
Located in Webster Groves, the property is described as being near the shops and restaurants of Old Webster, with an 80-plus walk score and about nine miles to downtown St. Louis. Showings are expected to start 7/16.
Key Highlights
- Five‑unit brick ranch multifamily compound built in 1950 with two detached mid‑century brick buildings
- Unit mix: four 1‑bedroom homes and one 2‑bedroom home
- Renovated units include quartz countertops, stainless appliances, in‑unit washer and dryer, tiled baths, and wide‑plank flooring
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $53.8k | $18.00 |
| − Vacancy | −$3.2k | −$1.08 |
| EGI | $50.6k | $16.92 |
| − OpEx | −$22.8k | −$7.61 |
| NOI | $27.8k | $9.31 |
2,991 SF · lease $18.00/SF/yr · vacancy 6.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$397.6K
$347.9K – $463.9K
NOI $27,834 @ 7.0% cap · market cap 3.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$641.9K
$561.7K – $748.9K
NOI $44,934 @ 7.0% cap · market cap 5.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
379
Businesses Nearby
Explore this area
Business Placement
Demographics for 63119, MO
34,793
Population
15,627
Households
2.2
Avg Household Size
41
Median Age
64%
College-Educated
98%
High-School Grad
8.4 sq mi
ZIP Area
4,142
Density / Sq Mi
$103,287
Median Household Income
$65,266
Median Earnings
$1,275
Median Rent
$330,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - This five-unit brick multifamily compound features two mid-century buildings with separately metered utilities, private garages, yards, patios, and off-street parking.
Where is this apartment building located?
The property is located at 340 Selma Webster Groves, 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: Five‑unit brick ranch multifamily compound built in 1950 with two detached mid‑century brick buildings; Unit mix: four 1‑bedroom homes and one 2‑bedroom home; Renovated units include quartz countertops, stainless appliances, in‑unit washer and dryer, tiled baths, and wide‑plank flooring
