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16-Unit Senior Apartment Building
For Sale
$800,000

207 S 5th Street, Louisiana, MO 63353

Residential Income, Louisiana, MO

Property SizeContact for details
Lot Size0.36 Acres
Days on Market234

Property Features for 207 S 5th Street

General Information

Property type Residential Multi Family
Property subtype Apartment
Bathrooms 1
Full bathrooms 1
Rooms Bathroom 1
Parking features Assigned
Interior features Apply To All Units
Exterior features Balcony
Accessibility Accessible Approach with Ramp
Directions South on highway 79, west on south Carolina street, and turn south on south 5th street. The apartment complex is located on the corner of south Carolina street and south 5th street.
Subdivision 999 - Other Missouri Area
Standard status Active
APN 08-04-18-004-043-001.000
Lot size 0.36 Acres

Taxes and HOA fees

Tax Description E 10' OF LOTS 383 & 384 & ALL LOTS 337 & 338 BLK 44 ORIG PLAT TR 130 X 120
Tax Annual Amount 5661
Legal Description E 10' OF LOTS 383 & 384 & ALL LOTS 337 & 338 BLK 44 ORIG PLAT TR 130 X 120

Utilities

Sewer type Public Sewer
Heating system Hot Water(Heating), Baseboard
Cooling system Window Unit(s)
Water source Public

Amenities

coin-operated laundry
courtyard
handicap-accessible

Building Details

Year built 1978
Floors in Building 2
Number of units 16
Building materials Brick
Roof type Composition
Listing Agency: Juncture
Listed By: Rachel Moses · License #2017027237
Added: Jan 2 Changed: Aug 19 Last Checked: Aug 24 at 8:06AM
MLS# 2594641

Copyright © 2026 Heartland Multiple Listing Service. 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.

Built in 1978 on 0.36 acres, this 16-unit apartment property offers two-bedroom residences in an all-brick building designed for residents 62 years of age and older. A landscaped central courtyard, balconies, assigned parking, and coin-operated laundry on both upper and lower levels support the resident experience. Accessible approach features include a ramp, while heating is provided by hot water and baseboard systems with window-unit cooling.

The property operates under a multi-year Housing Assistance Payment contract through the U.S. Department of Housing and Urban Development, with eligibility for annual OCAF rent increases. Fifteen of the 16 units are leased. Public water and sewer serve the property, and nearby coffee shops, restaurants, clinics, and retail provide convenient access to everyday services.

Key Highlights

  • 16‑unit apartment property with two‑bedroom residences for residents 62 years of age and older
  • Multi‑year Housing Assistance Payment contract with eligibility for annual OCAF rent increases
  • 15 of 16 units leased

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Dental Office Real Estate Agency HVAC Service Plumbing Service Auto Parts Store 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

16
Residential units
93.8%
Occupancy

Location Intelligence

Trade Area within ½ mile

222
Businesses Nearby

Demographics for 63353, MO

4,394
Population
2,439
Households
1.8
Avg Household Size
42
Median Age
16%
College-Educated
87%
High-School Grad
83.8 sq mi
ZIP Area
52
Density / Sq Mi
$49,219
Median Household Income
$35,583
Median Earnings
$678
Median Rent
$101,700
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

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

What type of property is this?
Apartment building - All-brick apartments with accessible features and on-site laundry serve residents age 62 and older.
Where is this apartment building located?
The property is located at 207 S 5th Street Louisiana, 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: 16‑unit apartment property with two‑bedroom residences for residents 62 years of age and older; Multi‑year Housing Assistance Payment contract with eligibility for annual OCAF rent increases; 15 of 16 units leased
More about this property
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