Downtown St. Louis Multifamily
For Sale
Contact for pricing
Pending
1001 Olive St St., Louis, MO 63101
Value-add multifamily property with income and short-term rental potential.
Property SizeContact for details
Days on Market155
Property Features for 1001 Olive St St.
General Information
Standard status
Pending
Class
B
Property subtype
Multifamily
Listing Agency:
Keys Realty
(314) 809-8541
Listed By:
Ben Riley · License #MO 2016002029
Source:
Crexi
Added: Mar 20
Changed: Aug 17
Last Checked: Aug 20 at 4:12PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keys Realty
Investment Insights
Based on property information with market context.
Located in the heart of downtown St. Louis, this multifamily property presents a compelling investment opportunity with immediate upside through rent stabilization, operational improvements, and potential short-term rental positioning. The property features a mix of one- and two-bedroom loft-style units. Currently generating approximately $28,964 in monthly rental income, the asset presents a compelling value-add opportunity with over $7,600 in monthly upside (approximately $91,000 annually) by bringing in-place rents to market levels. Additional upside exists through lease-up of vacant units and continued operational efficiencies. The property benefits from a highly walkable downtown location just steps from Washington Avenue and within a short walk to the Saint Louis University School of Law and multiple courthouse complexes, including the Old Courthouse and federal and civil courts. This proximity supports consistent demand from law students, attorneys, and government professionals. The property's layout, unit sizes, and location make it well-suited for short-term rental (STR) or hybrid leasing strategies, offering investors the ability to further enhance revenue depending on local regulations and management approach. Situated in a central downtown location surrounded by employment centers, residential density, and ongoing public and private investment, this property provides investors with a rare opportunity to acquire a cash-flowing asset with clear and scalable upside through both traditional and alternative rental strategies.
Key Highlights
- Significant Value‑Add Opportunity: Potential for approximately $91,000 annual upside.
- Prime Downtown Location: Close to Washington Avenue, Saint Louis University School of Law, courthouse complexes, employment centers, and major redevelopment projects.
- Strong In‑Place Cash Flow: Currently generating approximately $28,964 in monthly rental income.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5,163
Businesses Nearby
Explore this area
Business Placement
Demographics for 63101, MO
4,171
Population
2,457
Households
1.7
Avg Household Size
35
Median Age
61%
College-Educated
98%
High-School Grad
0.4 sq mi
ZIP Area
10,428
Density / Sq Mi
$92,708
Median Household Income
$68,079
Median Earnings
$1,295
Median Rent
$228,300
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 - Value-add multifamily property with income and short-term rental potential.
Where is this apartment building located?
The property is located at 1001 Olive St St. Louis, MO.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: Significant Value‑Add Opportunity: Potential for approximately $91,000 annual upside.; Prime Downtown Location: Close to Washington Avenue, Saint Louis University School of Law, courthouse complexes, employment centers, and major redevelopment projects.; Strong In‑Place Cash Flow: Currently generating approximately $28,964 in monthly rental income.
