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10-Unit Apartment Building

2106 Bellevue Avenue, Maplewood, MO 63143

For Sale
$1,100,000

The two-story, all-electric property includes rear parking and recent roof and drainage improvements.

Property Size7,437 SF
Lot Size0.18 Acres
Price / SF$147.91
Days on Market12

Property Features for 2106 Bellevue Avenue

General Information

Standard status Active
Size 7,437 SF
Total Parking Spaces 6
Lot size 0.18 Acres
Property subtype 5 Family or More
Zoning LR - Limited Residential District
Occupancy 60%

Site & Location

Highway Access Yes
Road Access Yes

Units

Unit Mix 10 x 1BR/1BA
Multifamily Units 10

Additional Details

Asking Price $1,100,000
Tenant in Place Yes

Building Details

Building Size 7,437 SF
Year Built 1966
Buildings 1
Stories 2
Construction masonry
Listing Agency: Manor Real Estate
Listed By: Ben Cherry · License #2006018085
Source: Aimeesimpson
Added: Oct 27 Changed: Nov 6 Last Checked: Nov 6 at 3:50PM

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 Manor Real Estate

Rey
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Investment Insights

Based on property information with market context.

This 10-unit apartment property contains 7,437 square feet in a two-story masonry building on a 7,841-square-foot parcel. Each apartment has one bedroom and one bathroom, and current occupancy is 60%. The building is all-electric and zoned LR - Limited Residential District. A roof and gutters were installed in 2022, followed by a drain tile system and sump pump in 2026. Six parking spaces are provided at the rear, and the building has signage.

The property fronts Bellevue Avenue in Maplewood, Missouri, with 55 feet of frontage. The surrounding area includes residential neighborhoods and a business district along Manchester Road with restaurants, shops, and entertainment. Access to I-44 and I-64 is noted, with Brentwood, Clayton, and Downtown St. Louis also identified as nearby destinations.

Key Highlights

  • 10 apartments, each configured with one bedroom and one bathroom
  • 7,437‑square‑foot building on a 7,841‑square‑foot parcel
  • Current occupancy: 60%; zoning: LR - Limited Residential District

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$69,209
Cap Rate
6.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,384,180 $1.4M
Cap Rate 7%
$988,700 $988.7K
Cap Rate 9%
$768,989 $769.0K
Market Conditions
NOI Build-Up for 7,437 SF
Gross rent
$133.9K $18.00/SF
− Vacancy
−$8.0K −$1.08/SF
EGI
$125.8K $16.92/SF
− OpEx
−$56.6K −$7.61/SF
NOI
$69.2K $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%
$1,384,180
Cap Rate 7%
$988,700
Cap Rate 9%
$768,989

Alternative Uses

Best Use
Apartment 5plus
$988.7K
$865.1K – $1.15M (±1% cap)
NOI $69,209 @ 7.0% cap · market cap 6.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.60M
$1.40M – $1.86M (±1% cap)
NOI $111,728 @ 7.0% cap · market cap 10.16%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Lease Details

10
Residential units
60%
Occupancy
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

1,032
Businesses Nearby

Demographics for 63143, MO

9,686
Population
5,089
Households
1.9
Avg Household Size
36
Median Age
55%
College-Educated
97%
High-School Grad
2.0 sq mi
ZIP Area
4,843
Density / Sq Mi
$65,712
Median Household Income
$48,420
Median Earnings
$900
Median Rent
$226,300
Median Home Value

Market

Average Price Trend$/SF for Apartment buildings in St. Louis County, MO

$110 Jul
$111 Aug
$108 Sep
$123 Oct

Properties on Market for Apartment buildings in St. Louis County

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - The two-story, all-electric property includes rear parking and recent roof and drainage improvements.
Where is this apartment building located?
The property is located at 2106 Bellevue Avenue Maplewood, MO.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 10 apartments, each configured with one bedroom and one bathroom; 7,437‑square‑foot building on a 7,841‑square‑foot parcel; Current occupancy: 60%; zoning: LR - Limited Residential District
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