17-Unit Victorian Apartment
New
For Sale
$1,895,000
3717 Westminster Place, Saint Louis, MO 63108
Residential Income, St Louis, MO
Property Size10,870 SF
Lot Size0.34 Acres
Price / SF$174.33
Days on Market2
Property Features for 3717 Westminster Place
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
5
Full bathrooms
5
Rooms
Bathroom 3, Bedroom 4, Bathroom 4, Basement, Bathroom 1, Bedroom 2, Bedroom 1, Bathroom 2, Bedroom 3, Bathroom 5
Parking features
Off Street
Appliances
Stainless Steel Appliance(s)
Subdivision
Cb 3926
Elementary school
Buder Elem.
Middle school
Blewett Middle
High school
Sumner High
Elementary school district
St. Louis City
Middle school district
St. Louis City
High school district
St. Louis City
Standard status
Active
APN
3926-00-0330-0
Size
10,870 SF
Lot size
0.34 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
17023
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1896
Number of units
17
Building materials
Brick
Architectural style
Victorian
Listing Agency:
Salient Realty Group, LLC
(314) 374-3687
Listed By:
Timothy McCarthy · License ##2019034093
(636) 699-5668
Added: Oct 15
Changed: Oct 16
Last Checked: Oct 16 at 6:06PM
MLS# 26066527
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.
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Investment Insights
Based on property information with market context.
This 17-unit apartment property contains 10,870 square feet on a 0.3444-acre lot. The brick Victorian building was redeveloped in 2008 and received additional updates in 2022 and 2023. Features include forced-air heat, central air conditioning, stainless steel appliances, and off-street parking. The reported in-place cap rate is 7.16%, with a pro forma cap rate of 8.36%.
The property is in St. Louis near Saint Louis University and City Foundry STL. Other nearby destinations include Cortex Innovation Community, Washington University Medical Campus, Barnes-Jewish Hospital, and the Armory.
The property is in St. Louis near Saint Louis University and City Foundry STL. Other nearby destinations include Cortex Innovation Community, Washington University Medical Campus, Barnes-Jewish Hospital, and the Armory.
Key Highlights
- 17 apartment units in a 10,870‑square‑foot building
- 0.3444‑acre site
- Redeveloped in 2008, with further updates in 2022/2023
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$101,156
Cap Rate
5.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,023,120
$2.0M
Cap Rate 7%
$1,445,086
$1.4M
Cap Rate 9%
$1,123,956
$1.1M
Market Conditions
NOI Build-Up for 10,870 SF
Gross rent
$195.7K $18.00/SF
− Vacancy
−$11.7K −$1.08/SF
EGI
$183.9K $16.92/SF
− OpEx
−$82.8K −$7.61/SF
NOI
$101.2K $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%
$2,023,120
Cap Rate 7%
$1,445,086
Cap Rate 9%
$1,123,956
Alternative Uses
Best Use
Apartment 5plus
$1.45M
$1.26M – $1.69M
NOI $101,156 @ 7.0% cap · market cap 5.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.33M
$2.04M – $2.72M
NOI $163,303 @ 7.0% cap · market cap 8.62%
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
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Brick construction, central air conditioning, and off-street parking serve the property's multifamily layout.
Where is this apartment building located?
The property is located at 3717 Westminster Place 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 in a 10,870‑square‑foot building; 0.3444‑acre site; Redeveloped in 2008, with further updates in 2022/2023
