17-Unit Apartment
For Sale
$1,895,000
3717 Westminster Pl, Saint Louis, MO 63108
The property supports traditional, short-term, and mid-term rental strategies.
Property Size5,816 SF
Days on Market8
Property Features for 3717 Westminster Pl
General Information
Standard status
Active
Size
5,816 SF
Property subtype
Multifamily
Additional Details
Cap Rate
7.16%
Multifamily Units
17
Building Details
Building Size
5,816 SF
Year Built
1890
Listing Agency:
Salient Realty Group, LLC
Listed By:
Garen Lafser · License #2015014613
(314) 451-7471
Source:
Salientrealtygroup
Added: Oct 7
Last Checked: Oct 12 at 6:48PM
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
Investment Insights
Based on property information with market context.
This 17-unit apartment building dates to 1890 and is positioned for traditional, short-term, or mid-term rental use. Its in-place cap rate is 7.16%, with a pro forma cap rate of 8.36%. Saint Louis University is within walking distance, while the Central West End and City Foundry are a short distance away.
Key Highlights
- 17 apartment units
- 7.16% in‑place cap rate
- 8.36% pro forma cap rate
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,124
Cap Rate
2.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,082,480
$1.1M
Cap Rate 7%
$773,200
$773.2K
Cap Rate 9%
$601,378
$601.4K
Market Conditions
NOI Build-Up for 5,816 SF
Gross rent
$104.7K $18.00/SF
− Vacancy
−$6.3K −$1.08/SF
EGI
$98.4K $16.92/SF
− OpEx
−$44.3K −$7.61/SF
NOI
$54.1K $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%
$1,082,480
Cap Rate 7%
$773,200
Cap Rate 9%
$601,378
Alternative Uses
Best Use
Apartment 5plus
$773.2K
$676.6K – $902.1K
NOI $54,124 @ 7.0% cap · market cap 2.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.25M
$1.09M – $1.46M
NOI $87,375 @ 7.0% cap · market cap 4.61%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
17
Residential units
Location Intelligence
Trade Area within ½ mile
1,956
Businesses Nearby
Explore this area
Business Placement
Demographics for 63108, MO
23,603
Population
13,208
Households
1.8
Avg Household Size
30
Median Age
64%
College-Educated
94%
High-School Grad
2.2 sq mi
ZIP Area
10,729
Density / Sq Mi
$56,933
Median Household Income
$47,284
Median Earnings
$1,140
Median Rent
$337,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - The property supports traditional, short-term, and mid-term rental strategies.
Where is this apartment building located?
The property is located at 3717 Westminster Pl Saint Louis, MO.
What is the asking price?
The asking price for this property is $1,895,000.
What are key features of this property?
This property features: 17 apartment units; 7.16% in‑place cap rate; 8.36% pro forma cap rate
