Brick Multifamily Compound with
340 Selma Webster Groves, MO 63119
New
340 Selma, Webster Groves, MO, 63119
$800,000
For Sale
$800,000
MULTI_FAMILY - Ranch - Webster Groves, MO
Property Size2,991 SF
Lot Size0.44 Acres
Price / SF$267.47
Days on Market6
Property Features for 340 Selma
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Residence
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bedroom 2, Bedroom 3, Bathroom 1, Bedroom 1, Bathroom 2
- Standard status
- Active
- APN
- 23K230185
- Size
- 2,991 SF
- Lot size
- 0.44 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 9233
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1950
- Building materials
- Brick
- Architectural style
- Ranch
Listing agency
The Agency
(314) 677-1477
Listed by
Anthony Klier · License #2022012991
(314) 280-9996
Added: Jul 17 Updated: Jul 22 at 12:34PM Checked: Jul 22 at 5:06PM
MLS# 26043885
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.
This five-unit brick multifamily compound features two mid-century buildings delivering four one-bedroom homes and one two-bedroom home. The property includes five private garage spaces across two detached garages, plus private yards and patios, along with generous off-street parking. Utilities are separately metered to each unit for electric, gas, water, sewer, and trash, with ownership effectively responsible for taxes and insurance.
Two of the units are already renovated to a consistent standard, including quartz countertops, stainless appliances, in-unit washer and dryer, tiled baths, and wide-plank flooring. The remaining three one-bedroom units are leased month-to-month.
Located in Webster Groves, the property is described as being near the shops and restaurants of Old Webster, with an 80-plus walk score and about nine miles to downtown St. Louis. Showings are expected to start 7/16.
Two of the units are already renovated to a consistent standard, including quartz countertops, stainless appliances, in-unit washer and dryer, tiled baths, and wide-plank flooring. The remaining three one-bedroom units are leased month-to-month.
Located in Webster Groves, the property is described as being near the shops and restaurants of Old Webster, with an 80-plus walk score and about nine miles to downtown St. Louis. Showings are expected to start 7/16.
Key Highlights
- Five‑unit brick ranch multifamily compound built in 1950 with two detached mid‑century brick buildings
- Unit mix: four 1‑bedroom homes and one 2‑bedroom home
- Renovated units include quartz countertops, stainless appliances, in‑unit washer and dryer, tiled baths, and wide‑plank flooring
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 | $53.8k | $18.00 |
| − Vacancy | −$3.2k | −$1.08 |
| EGI | $50.6k | $16.92 |
| − OpEx | −$22.8k | −$7.61 |
| NOI | $27.8k | $9.31 |
2,991 SF · lease $18.00/SF/yr · vacancy 6.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$397.6K
$347.9K – $463.9K
NOI $27,834 @ 7.0% cap · market cap 3.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$641.9K
$561.7K – $748.9K
NOI $44,934 @ 7.0% cap · market cap 5.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Isalis
(Bike/Boat/Book/etc) Store
Party City
Party Supply Store
Skunk Funk
Big Box & Wholesale Store
Carl's Trading Co
Hat Shop
Bushka's Kitchen LLC
(Bike/Boat/Book/etc) Store
FAQs
What type of property is this?
Apartment building - This five-unit brick multifamily compound features two mid-century buildings with separately metered utilities, private garages, yards, patios, and off-street parking.
Where is this apartment building located?
The property is located at 340 Selma Webster Groves, MO.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Five‑unit brick ranch multifamily compound built in 1950 with two detached mid‑century brick buildings; Unit mix: four 1‑bedroom homes and one 2‑bedroom home; Renovated units include quartz countertops, stainless appliances, in‑unit washer and dryer, tiled baths, and wide‑plank flooring
