60-Unit Multifamily Apartment
For Sale
Contact for pricing
Pending
2302 Village Dr, Saint Joseph, MO 64506
1993-vintage multifamily property with a 70% two-bedroom unit mix and recently exited LIHTC restrictions.
Property Size48,840 SF
Days on Market149
Property Features for 2302 Village Dr
General Information
Standard status
Pending
Size
48,840 SF
Class
B
Property subtype
Multifamily
Building Details
Year Built
1993
Buildings
11
Stories
1
Units
60
Listing Agency:
MMG Real Estate Advisors
Listed By:
Jake Sullivan · License #2021028059
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Jul 24 at 6:23PM
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 MMG Real Estate Advisors
Investment Insights
Based on property information with market context.
Westchester Village of St. Joseph is a 60-unit multifamily apartment building built in 1993. The property has a unit mix with 70% two-bedroom homes. Having exited the LIHTC program in 2024, the asset is now positioned for market-rate operations, with rent and income restrictions lifted.
The property is located in St. Joseph, Missouri, directly off the main retail corridor. It is being offered by its original developer, with the first open-market listing in over 30 years.
For an incoming owner, the physical plant is described as well-preserved, and the business plan is presented as clear and executable in connection with the shift to market-rate revenue streams that were previously constrained under the LIHTC program.
The property is located in St. Joseph, Missouri, directly off the main retail corridor. It is being offered by its original developer, with the first open-market listing in over 30 years.
For an incoming owner, the physical plant is described as well-preserved, and the business plan is presented as clear and executable in connection with the shift to market-rate revenue streams that were previously constrained under the LIHTC program.
Key Highlights
- 60‑unit multifamily property in St. Joseph, MO built in 1993
- 70% of units are two‑bedroom apartments
- Exited the LIHTC program in 2024, with rent and income restrictions fully lifted
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,123
Businesses Nearby
Explore this area
Business Placement
Demographics for 64506, MO
22,828
Population
9,820
Households
2.3
Avg Household Size
42
Median Age
33%
College-Educated
91%
High-School Grad
10.0 sq mi
ZIP Area
2,283
Density / Sq Mi
$61,713
Median Household Income
$38,832
Median Earnings
$908
Median Rent
$220,500
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 - 1993-vintage multifamily property with a 70% two-bedroom unit mix and recently exited LIHTC restrictions.
Where is this apartment building located?
The property is located at 2302 Village Dr Saint Joseph, MO.
What are key features of this property?
This property features: 60‑unit multifamily property in St. Joseph, MO built in 1993; 70% of units are two‑bedroom apartments; Exited the LIHTC program in 2024, with rent and income restrictions fully lifted
