Updated 8-Unit Brick Apartment
2900-2906 Pestalozzi St., Louis, MO 63118
Fully renovated 8-unit brick building with in-unit laundry, keyless entry, and 2021 mechanical and roof upgrades.
Type:Multifamily
Property size:
6,400 SFLot size:
0.14 AcresPrice / SF:
$116/SF- Added:
- Jun 4, 2026
- Days on Market:
- 24
- Last Refresh:
- Jun 20 at 8:14 am
Property Features for 2900-2906 Pestalozzi St.
General Information
- Standard status
- Active
- Size
- 6,400 SF
- Lot size
- 0.14 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1927
Listing office Wood Brothers Realty
Listing date Jun 4, 2026
Source Crexi
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 Wood Brothers Realty
HighLights
- Fully updated 8‑unit brick apartment building built in 1927, totaling 6,400 SF on a 6,288 SF lot (0.144 acres).
- Unit mix: 8 one‑bedroom, one‑bath units, each with 750 SF of modern living space.
- All units renovated in 2021 with granite countertops and stainless steel appliances, including gas stoves, refrigerators, microwaves, and dishwashers.
- In‑unit washer and dryer plus keyless locks throughout the building.
- 2021 major upgrades include new condensers, PVC plumbing, sewer laterals, and a TPO roof.
Overview
This fully updated 8-unit brick apartment building was built in 1927 and renovated throughout in 2021. The property contains eight 1-bedroom, 1-bath units, each with approximately 750 square feet of modern living space. Kitchens include granite countertops and stainless steel appliances, including gas stoves, refrigerators, microwaves, and dishwashers. Each unit also features an in-unit washer and dryer, along with keyless locks. Major 2021 upgrades include new condensers, PVC plumbing, sewer laterals, and a TPO roof, supporting a consistent, move-in-ready configuration across the building.
Located in the historic Tower Grove East neighborhood, the property is about 1.5 miles from Tower Grove Park. The surrounding area offers neighborhood dining and coffee options for tenants, with convenient access to South Grand amenities.
For investors or owner-operators seeking a residential income property with recent interior and systems improvements, the building’s updated unit package and shared 2021 exterior and mechanical work are practical advantages. The combination of larger, updated 1-bedroom layouts and in-unit laundry can be attractive to prospective residents looking for added everyday convenience.
Located in the historic Tower Grove East neighborhood, the property is about 1.5 miles from Tower Grove Park. The surrounding area offers neighborhood dining and coffee options for tenants, with convenient access to South Grand amenities.
For investors or owner-operators seeking a residential income property with recent interior and systems improvements, the building’s updated unit package and shared 2021 exterior and mechanical work are practical advantages. The combination of larger, updated 1-bedroom layouts and in-unit laundry can be attractive to prospective residents looking for added everyday convenience.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $115.2k | $18.00 |
| − Vacancy | −$6.9k | −$1.08 |
| EGI | $108.3k | $16.92 |
| − OpEx | −$48.7k | −$7.61 |
| NOI | $59.6k | $9.31 |
6,400 SF · lease $18.00/SF/yr · vacancy 6.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$850.8K
$744.5K – $992.6K
NOI $59,558 @ 7.0% cap · market cap 7.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $96,149 @ 7.0% cap · market cap 12.91%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Louis
- County
- St. Louis
- State
- Missouri
- Longitude
- -90.230525
- Latitude
- 38.602822
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Fully renovated 8-unit brick building with in-unit laundry, keyless entry, and 2021 mechanical and roof upgrades.
Where is this apartment building located?
The property is located at 2900-2906 Pestalozzi St. Louis, MO.
What is the asking price?
The asking price for this property is $745,000.
What are key features of this property?
This property features: Fully updated 8‑unit brick apartment building built in 1927, totaling 6,400 SF on a 6,288 SF lot (0.144 acres).; Unit mix: 8 one‑bedroom, one‑bath units, each with 750 SF of modern living space.; All units renovated in 2021 with granite countertops and stainless steel appliances, including gas stoves, refrigerators, microwaves, and dishwashers.
