40-Unit Garden-Style
For Sale
$3,400,000
3725-41 Morganford Road, Saint Louis, MO 63116
Building upgrades include TPO roofing, HVAC components, electrical panels, and replacement copper plumbing stacks.
Property Size29,600 SF
Lot Size1.02 Acres
Price / SF$114.86
Days on Market12
Property Features for 3725-41 Morganford Road
General Information
Standard status
Active
Size
29,600 SF
Lot size
1.02 Acres
Property subtype
Residential Income
Additional Details
Multifamily Units
40
Building Details
Building Size
29,600 SF
Year Built
1965
Year Renovated
2016
Buildings
5
Units
40
Construction
garden-style
Listing Agency:
CBRE
(314) 655-6000
Listed By:
Matt Bukhshtaber · License #2011029892
(314) 632-6685
Source:
Finehomesbydawn
Added: Oct 16
Changed: Oct 26
Last Checked: Oct 26 at 3:49AM
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 CBRE
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Investment Insights
Based on property information with market context.
Morganford Plaza is a 40-unit garden-style apartment community comprising five buildings on approximately 1.02 acres. The property totals 29,600 square feet and was built in 1965, with a substantial renovation completed in 2016. Capital work includes TPO roofing systems, HVAC component updates, electrical panel upgrades, and replacement copper plumbing stacks.
The community is at 3725-41 Morganford Road in St. Louis. Kingshighway Boulevard, Hampton Avenue, and Chippewa Street are among the nearby routes, with Tower Grove Park also in the surrounding area.
The community is at 3725-41 Morganford Road in St. Louis. Kingshighway Boulevard, Hampton Avenue, and Chippewa Street are among the nearby routes, with Tower Grove Park also in the surrounding area.
Key Highlights
- 40 apartments across five garden‑style buildings
- 29,600 square feet on approximately 1.02 acres
- Built in 1965; substantially renovated in 2016
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$275,458
Cap Rate
8.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,509,160
$5.5M
Cap Rate 7%
$3,935,114
$3.9M
Cap Rate 9%
$3,060,644
$3.1M
Market Conditions
NOI Build-Up for 29,600 SF
Gross rent
$532.8K $18.00/SF
− Vacancy
−$32.0K −$1.08/SF
EGI
$500.8K $16.92/SF
− OpEx
−$225.4K −$7.61/SF
NOI
$275.5K $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%
$5,509,160
Cap Rate 7%
$3,935,114
Cap Rate 9%
$3,060,644
Alternative Uses
Best Use
Apartment 5plus
$3.94M
$3.44M – $4.59M
NOI $275,458 @ 7.0% cap · market cap 8.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.35M
$5.56M – $7.41M
NOI $444,688 @ 7.0% cap · market cap 13.08%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
40
Residential units
Location Intelligence
Trade Area within ½ mile
928
Businesses Nearby
Explore this area
Business Placement
Demographics for 63116, MO
41,959
Population
22,394
Households
1.9
Avg Household Size
37
Median Age
37%
College-Educated
90%
High-School Grad
5.4 sq mi
ZIP Area
7,770
Density / Sq Mi
$60,193
Median Household Income
$42,012
Median Earnings
$946
Median Rent
$161,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Building upgrades include TPO roofing, HVAC components, electrical panels, and replacement copper plumbing stacks.
Where is this apartment building located?
The property is located at 3725-41 Morganford Road Saint Louis, MO.
What is the asking price?
The asking price for this property is $3,400,000.
What are key features of this property?
This property features: 40 apartments across five garden‑style buildings; 29,600 square feet on approximately 1.02 acres; Built in 1965; substantially renovated in 2016
