2901 Nebraska Avenue St, Louis, MO 63118
5 Family or More, Traditional - St Louis, MO
- Added:
- Jun 17, 2026
- Days on Market:
- 5
- Last Refresh:
- Jun 21 at 7:06 am
Property Features for 2901 Nebraska Avenue St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Off Street
- Exterior features
- Fencing
- Fencing
- Fenced
- Standard status
- Active
- APN
- 1999-00-0080-0
- Size
- 6,400 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 3578
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1927
- Building materials
- Brick
- Architectural style
- New Traditional
Listing agent Patrick Wood License #2004025204 (314) 353-8888
Listing office Wood Brothers Realty 6500 Chippewa St Fl 1, Saint Louis, MO (314) 353-8888
Listing date Jun 17, 2026
Copyright © 2026 Mid America Regional Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Fully updated 8‑unit apartment building in Tower Grove East built in 1927 with brick exterior
- Total building size 6,400 SF on a 6,288 SF lot (0.144 acres)
- Unit mix: eight 1‑bedroom, 1‑bath units with 750 SF each
- All units renovated in 2021 with granite countertops, stainless steel appliances (incl. gas stoves), and in‑unit washer/dryer
- 2021 major upgrades include new condensers, PVC plumbing, sewer laterals, and a TPO roof
- Off‑street parking and fenced property; central air and keyless locks throughout
Overview
The property is located in the Tower Grove East neighborhood of St. Louis, Missouri. It is described as being about 1.5 miles from Tower Grove Park and within reach of amenities along South Grand. The building is also surrounded by neighborhood restaurants and coffee shops that tenants can access.
For tenants, the combination of updated interiors, in-unit laundry, and keyless entry supports a comfortable, low-friction living experience. For buyers or investors, the building presents a single, well-defined multifamily asset with documented 2021 renovations and systems improvements, providing a clearer basis for ongoing property operations.
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 |
Alternative Uses
Current Use by Public Records
Map
- City
- Louis
- County
- St. Louis
- State
- Missouri
- Longitude
- -90.230829
- Latitude
- 38.602815
