Three-Unit Multifamily Property with
For Sale
Contact for pricing
1007 ALLEN AVE, Saint Louis, MO 63104
Two buildings share one parcel in historic Soulard, with a private courtyard between them.
Property Size2,706 SF
Price / SF$184.59
Days on Market70
Property Features for 1007 ALLEN AVE
General Information
Standard status
Active
Size
2,706 SF
Class
C
Property subtype
Multifamily
Zoning
D - Multiple-Family Dwelling
Occupancy
100%
Investment Type
Stabilized
Net Operating Income
$36,540
Financials
Asking Price
$499,500
Cap Rate
7.32%
Gross Income
$55,800
Gross Rent Multiplier
8.95
Units
Unit Mix
1 x 1BR, 1 x 2BR, 1 x 2BR/2BA
Multifamily Units
3
Building Details
Year Built
1885
Buildings
2
Stories
2
Units
3
Tenancy
Multi
Listing Agency:
The Agency
Listed By:
Anthony Klier · License #MO 2022012991
(314) 517-1925
Source:
Crexi
Added: Aug 11
Changed: Oct 11
Last Checked: Oct 19 at 6:57AM
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 The Agency
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Investment Insights
Based on property information with market context.
This multifamily property contains 3 units across 2 buildings on one parcel totaling 2,706 SF. The front structure is an 1885 brick two-family building, while the rear improvement is a freestanding three-story house. A private courtyard separates the buildings. The unit mix includes a 1BR and a 2BR in the front building, plus a 2BR/2BA rear residence. The property is zoned D - Multiple-Family Dwelling and is currently 100% leased, with all three leases expiring 8/30/2026.
Located at 1007 Allen Ave in Soulard, the property has a Walk Score of 88 and sits within a protected historic district. Duke’s, the surrounding bar-and-restaurant area, the Soulard Farmers Market, and Anheuser-Busch are identified nearby, with Busch Stadium, the Gateway Arch, and downtown St. Louis minutes away.
Located at 1007 Allen Ave in Soulard, the property has a Walk Score of 88 and sits within a protected historic district. Duke’s, the surrounding bar-and-restaurant area, the Soulard Farmers Market, and Anheuser-Busch are identified nearby, with Busch Stadium, the Gateway Arch, and downtown St. Louis minutes away.
Key Highlights
- 3 units across 2 buildings on 1 parcel
- 2,706 SF multifamily property built in 1885
- Front 2‑family building plus freestanding 3‑story rear house
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,182
Cap Rate
5.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$503,640
$503.6K
Cap Rate 7%
$359,743
$359.7K
Cap Rate 9%
$279,800
$279.8K
Market Conditions
NOI Build-Up for 2,706 SF
Gross rent
$48.7K $18.00/SF
− Vacancy
−$2.9K −$1.08/SF
EGI
$45.8K $16.92/SF
− OpEx
−$20.6K −$7.61/SF
NOI
$25.2K $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 Rate 5%
$503,640
Cap Rate 7%
$359,743
Cap Rate 9%
$279,800
Alternative Uses
Best Use
Apartment 5plus
$359.7K
$314.8K – $419.7K
NOI $25,182 @ 7.0% cap · market cap 5.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$580.8K
$508.2K – $677.6K
NOI $40,653 @ 7.0% cap · market cap 8.14%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,005
Businesses Nearby
Explore this area
Business Placement
Demographics for 63104, MO
19,317
Population
10,958
Households
1.8
Avg Household Size
34
Median Age
54%
College-Educated
94%
High-School Grad
3.4 sq mi
ZIP Area
5,681
Density / Sq Mi
$70,127
Median Household Income
$53,693
Median Earnings
$1,054
Median Rent
$249,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Multifamily property - Two buildings share one parcel in historic Soulard, with a private courtyard between them.
Where is this multifamily property located?
The property is located at 1007 ALLEN AVE Saint Louis, MO.
What is the asking price?
The asking price for this property is $499,500.
What are key features of this property?
This property features: 3 units across 2 buildings on 1 parcel; 2,706 SF multifamily property built in 1885; Front 2‑family building plus freestanding 3‑story rear house
