13-Unit Renovated Apartment
For Sale
$2,350,000
6201 Arsenal Street St, Louis, MO 63139
Residential Income, St Louis, MO
Property Size9,600 SF
Lot Size0.09 Acres
Price / SF$244.79
Days on Market40
Property Features for 6201 Arsenal Street St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
3
Full bathrooms
3
Rooms
Basement, Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 1, Bathroom 3
Parking features
Off Street
Basement
Full
Subdivision
Seevers Clifton Add
Elementary school
Mason Elem.
Middle school
Henry Elem.
High school
Roosevelt High
Elementary school district
St. Louis City
Middle school district
St. Louis City
High school district
St. Louis City
Directions
Arsenal St near Clifton Ave, west of Hampton Ave and near The Hill.
Standard status
Active
APN
5688-00-0230-7
Size
9,600 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
20813
Utilities
Cooling system
Central Air
Water source
Public
Amenities
rear decks
AT&T Fiber
Building Details
Year built
1927
Number of units
13
Flooring type
Hardwood
Building materials
Brick
Architectural style
Contemporary
Listing Agency:
Invest St. Louis
(314) 325-6201
Listed By:
Jordan Schoen · License #2009024331
(314) 255-5117
Added: Aug 5
Changed: Sep 12
Last Checked: Sep 13 at 11:06AM
MLS# 26048678
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 13-unit apartment building at 6201 Arsenal Street includes twelve one-bedroom, one-bath apartments and one larger one-bedroom, one-and-one-half-bath residence. The 9,600-square-foot property was renovated with updated electrical, plumbing, sewer, HVAC, windows, and roofing, along with rebuilt rear decks, tuckpointed masonry, refreshed common areas and basements, renovated kitchens and bathrooms, and new appliances and fixtures. AT&T Fiber infrastructure extends to every unit. The building was constructed in 1927 and features brick construction, hardwood flooring, central air, and off-street parking.
The property is in St. Louis’ 63139 corridor near The Hill, the Clayton Central Business District, Forest Park, and the Missouri Botanical Garden. Highway 40 and Highway 44 provide regional access. The 0.0946-acre site is served by public water.
The property is in St. Louis’ 63139 corridor near The Hill, the Clayton Central Business District, Forest Park, and the Missouri Botanical Garden. Highway 40 and Highway 44 provide regional access. The 0.0946-acre site is served by public water.
Key Highlights
- 13‑unit apartment building with twelve one‑bedroom/one‑bath apartments and one one‑bedroom/one‑and‑one‑half‑bath residence
- 9,600 square feet on 0.0946 acres
- Renovated electrical, plumbing, sewer, HVAC, windows, roof, kitchens, bathrooms, and common areas
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$89,338
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.80%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,786,760
$1.8M
Cap Rate 7%
$1,276,257
$1.3M
Cap Rate 9%
$992,644
$992.6K
Market Conditions
NOI Build-Up for 9,600 SF
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.
Gross rent
$172.8K $18.00/SF
− Vacancy
−$10.4K −$1.08/SF
EGI
$162.4K $16.92/SF
− OpEx
−$73.1K −$7.61/SF
NOI
$89.3K $9.31/SF
Area
St. Louis County, MO
Vacancy
6.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,786,760
Cap Rate 7%
$1,276,257
Cap Rate 9%
$992,644
Alternative Uses
Best Use
Apartment 5plus
$1.28M
$1.12M – $1.49M
NOI $89,338 @ 7.0% cap · market cap 3.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.06M
$1.80M – $2.40M
NOI $144,223 @ 7.0% cap · market cap 6.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
13
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
683
Businesses Nearby
Explore this area
Business Placement
Demographics for 63139, MO
21,971
Population
12,187
Households
1.8
Avg Household Size
38
Median Age
49%
College-Educated
96%
High-School Grad
3.8 sq mi
ZIP Area
5,782
Density / Sq Mi
$74,749
Median Household Income
$52,298
Median Earnings
$1,086
Median Rent
$199,400
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 - Renovated apartment property with updated building systems, interiors, and fiber infrastructure serving every unit.
Where is this apartment building located?
The property is located at 6201 Arsenal Street St Louis, MO.
What is the asking price?
The asking price for this property is $2,350,000.
What are key features of this property?
This property features: 13‑unit apartment building with twelve one‑bedroom/one‑bath apartments and one one‑bedroom/one‑and‑one‑half‑bath residence; 9,600 square feet on 0.0946 acres; Renovated electrical, plumbing, sewer, HVAC, windows, roof, kitchens, bathrooms, and common areas
