Historic Schoolhouse Apartment
For Sale
$3,595,000
3530 Utah, Saint Louis, MO 63118
Boutique multifamily property with studio, one-bedroom, and two-bedroom residences featuring loft-style layouts and preserved architectural details.
Property Size17,131 SF
Price / SF$209.85
Days on Market75
Property Features for 3530 Utah
General Information
Standard status
Active
Size
17,131 SF
Property subtype
Multi-Family
Building Details
Year Built
1905
Buildings
1
Listing Agency:
Salient Realty Group, LLC
Listed By:
Timothy McCarthy · License ##2019034093
(636) 699-5668
Source:
Nations-network
Added: Aug 4
Changed: Oct 14
Last Checked: Oct 7 at 3:44PM
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 Salient Realty Group, LLC
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Investment Insights
Based on property information with market context.
La Maison is a 17,131-square-foot apartment building occupying a restored historic schoolhouse originally constructed in 1905. The property includes studio, one-bedroom, and two-bedroom residences, with many apartments arranged in loft-style layouts. Interior features include quartz countertops, custom cabinetry, stainless steel appliances, and original hardwood flooring. Soaring ceilings and oversized windows bring natural light throughout the building, while select units retain built-in bookshelves and vintage chalkboards.
The property is located at 3530 Utah Street in St. Louis, near Tower Grove Park, South Grand retail, SLU Medical, and Downtown St. Louis. Its unit mix, distinctive historic elements, and combination of updated finishes with original details define the asset's residential character.
The property is located at 3530 Utah Street in St. Louis, near Tower Grove Park, South Grand retail, SLU Medical, and Downtown St. Louis. Its unit mix, distinctive historic elements, and combination of updated finishes with original details define the asset's residential character.
Key Highlights
- 17,131‑square‑foot apartment building constructed in 1905
- Restored historic schoolhouse with preserved architectural features
- Studio, one‑bedroom, and two‑bedroom apartment layouts
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$159,421
Cap Rate
4.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,188,420
$3.2M
Cap Rate 7%
$2,277,443
$2.3M
Cap Rate 9%
$1,771,344
$1.8M
Market Conditions
NOI Build-Up for 17,131 SF
Gross rent
$308.4K $18.00/SF
− Vacancy
−$18.5K −$1.08/SF
EGI
$289.9K $16.92/SF
− OpEx
−$130.4K −$7.61/SF
NOI
$159.4K $9.31/SF
Area
St. Louis County, MO
Vacancy
6.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,188,420
Cap Rate 7%
$2,277,443
Cap Rate 9%
$1,771,344
Alternative Uses
Best Use
Apartment 5plus
$2.28M
$1.99M – $2.66M
NOI $159,421 @ 7.0% cap · market cap 4.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.68M
$3.22M – $4.29M
NOI $257,363 @ 7.0% cap · market cap 7.16%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,061
Businesses Nearby
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Business Placement
Demographics for 63118, MO
25,194
Population
14,770
Households
1.7
Avg Household Size
34
Median Age
38%
College-Educated
87%
High-School Grad
3.4 sq mi
ZIP Area
7,410
Density / Sq Mi
$57,268
Median Household Income
$44,717
Median Earnings
$952
Median Rent
$210,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Boutique multifamily property with studio, one-bedroom, and two-bedroom residences featuring loft-style layouts and preserved architectural details.
Where is this apartment building located?
The property is located at 3530 Utah Saint Louis, MO.
What is the asking price?
The asking price for this property is $3,595,000.
What are key features of this property?
This property features: 17,131‑square‑foot apartment building constructed in 1905; Restored historic schoolhouse with preserved architectural features; Studio, one‑bedroom, and two‑bedroom apartment layouts
