Fully Updated 8-Unit Apartment
2901 Nebraska Avenue St Louis, MO 63118
For Sale
$719,000
MULTI_FAMILY - Other - St Louis, MO
Property Size6,400 SF
Lot Size0.14 Acres
Price / SF$112.34
Days on Market23
Property Features for 2901 Nebraska Avenue St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Off Street
- 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
- Utilities
- Cable Available
- Cooling system
- Central Air
Building Details
- Year built
- 1927
- Building materials
- Brick
- Architectural style
- Other
Listing Agency:
Wood Brothers Realty
(314) 353-8888
Listed By:
Patrick Wood · License #2004025204
(314) 353-8888
Added: Jul 2
Changed: Jul 22
Last Checked: Jul 24 at 12:06PM
MLS# 26038514
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.
Investment Insights
Based on property information with market context.
Built in 1927, this brick 8-unit apartment building was fully renovated in 2021. The property features eight 1-bedroom, 1-bath units, each with in-unit washer and dryer, and keyless locks throughout. Unit updates include granite countertops and stainless steel appliances, including gas stoves, refrigerators, microwaves, and dishwashers.
Major 2021 upgrades include new condensers, PVC plumbing, sewer laterals, and a TPO roof. The building totals 6,400 square feet on a 6,288 square foot lot (0.144 acres). Located in the Tower Grove East area of St. Louis City, the property is about 1.5 miles from Tower Grove Park, with nearby restaurants and coffee shops.
Major 2021 upgrades include new condensers, PVC plumbing, sewer laterals, and a TPO roof. The building totals 6,400 square feet on a 6,288 square foot lot (0.144 acres). Located in the Tower Grove East area of St. Louis City, the property is about 1.5 miles from Tower Grove Park, with nearby restaurants and coffee shops.
Key Highlights
- Fully updated 8‑unit apartment building built in 1927 with brick construction and off‑street parking
- Total building size 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 living space
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 8.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $96,149 @ 7.0% cap · market cap 13.37%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Fully renovated 1927 brick 8-unit building with in-unit laundry and keyless entry, plus major 2021 system upgrades.
Where is this apartment building located?
The property is located at 2901 Nebraska Avenue St Louis, MO.
What is the asking price?
The asking price for this property is $719,000.
What are key features of this property?
This property features: Fully updated 8‑unit apartment building built in 1927 with brick construction and off‑street parking; Total building size 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 living space
