Building Details

Year built 1966

Floors in Building 2

Number of units 10

Buildings 1

Listing Agency: Manor Real Estate Show Phone

Listed By: Ben Cherry Show Phone

Added: Oct 27 Changed: Oct 28 Last Checked: Oct 29 at 9:06AM

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MLS# 26068926

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Investment Insights

Based on property information with market context.

This two-story masonry apartment property contains 10 one-bedroom, one-bath residences across 7,437 square feet. Built in 1966, the building sits on a 0.18-acre parcel and is zoned LR - Limited Residential District. Occupancy is 60%, and the building operates on electricity. A roof and gutters were replaced in 2022; a drain tile system and sump pump were added in 2021.

The property is at 2106 Bellevue Avenue in Maplewood, Missouri, with 55 feet of frontage on Bellevue Avenue. A six-car parking area is located behind the building, and signage is present on the property.

Key Highlights

• 10 apartments, each configured with one bedroom and one bathroom
• 7,437‑square‑foot building constructed in 1966
• 0.18‑acre parcel with 55 feet of frontage on Bellevue Avenue

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

Is this asking price fair?

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

Who owns this building? See the owner, sales and loan history

Open Analytics

Lease Details

10

Residential units

60%

Occupancy

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

1,076

Businesses Nearby

Explore this area Business Placement

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

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 - A two-story masonry property offers one-bedroom, one-bath apartments and rear parking.

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 constructed in 1966; 0.18‑acre parcel with 55 feet of frontage on Bellevue Avenue