Building Details

Building Size 10,197 SF

Year Built 1915

Buildings 1

Stories 3

Units 7

Listing Agency: Avenue Real Estate Group k**@avenuestl.com Show Phone

Listed By: Andrew Jolley · License #2017038387 Show Phone

Source: Cathlees

Added: Jul 17 Changed: Oct 25 Last Checked: Oct 29 at 6:37PM

Report an Issue

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 Avenue Real Estate Group

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

Built in 1915, this 10,197-square-foot apartment building contains seven units: three with three bedrooms and two bathrooms, and four with one bedroom and one bathroom. The lower-level one-bedroom unit is newly finished. Updated kitchens include stainless steel appliances and dishwashers, and every apartment has a washer and dryer along with hardwood flooring.

A private driveway serves a detached three-car garage and four additional off-street parking spaces.

Key Highlights

• Seven apartments: three 3‑bedroom/2‑bath units and four 1‑bedroom/1‑bath units
• Newly finished lower‑level 1‑bedroom/1‑bath apartment
• 10,197 square feet; built in 1915

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$94,893

Cap Rate

7.31%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,897,860 $1.9M

Cap Rate 7%

$1,355,614 $1.4M

Cap Rate 9%

$1,054,367 $1.1M

Is this asking price fair?

Market Conditions

NOI Build-Up for 10,197 SF

Gross rent

$183.5K $18.00/SF

− Vacancy

−$11.0K −$1.08/SF

EGI

$172.5K $16.92/SF

− OpEx

−$77.6K −$7.61/SF

NOI

$94.9K $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%

$1,897,860

Cap Rate 7%

$1,355,614

Cap Rate 9%

$1,054,367

Alternative Uses

Best Use

Apartment 5plus

$1.36M

$1.19M – $1.58M (±1% cap)

NOI $94,893 @ 7.0% cap · market cap 7.31%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$2.19M

$1.91M – $2.55M (±1% cap)

NOI $153,192 @ 7.0% cap · market cap 11.79%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Lease Details

7

Residential units

Location Intelligence

Trade Area within ½ mile

1,409

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

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Similar For Sale Nearby

See more

8-Unit Apartment Building

Saint Louis, MO 63108

$1,350,000

9,402 SF

View details

17-Unit Victorian Apartment Building

Saint Louis, MO 63108

$1,895,000

10,870 SF

View details

12-Unit Apartment Building

3119 Morganford Rd, Saint Louis, MO 63116

$1,650,000

9,000 SF

View details

Six-Unit Apartment Building

Saint Louis, MO 63104

$1,150,000

8,212 SF

View details

13-Unit Renovated Apartment Building

Saint Louis, MO 63139

$2,275,000

9,600 SF

View details

Furnished 7-Unit Apartment Building

Saint Louis, MO 63104

$1,434,000

7,732 SF

View details

Historic Apartment Building

Saint Louis, MO 63104

$2,250,000

11,911 SF

View details

6-Unit Apartment Building

Saint Louis, MO 63123

$950,000

7,620 SF

View details

Furnished Apartment Building

Saint Louis, MO 63104

$1,882,400

7,680 SF

View details

Mixed-Use Property with Retail

Saint Louis, MO 63111

$895,000

14,000 SF

View details

Three-Bedroom Apartment Building

Saint Louis, MO 63112

$725,000

7,506 SF

View details

22-Unit Apartment Building

Saint Louis, MO 63111

$1,850,000

15,900 SF

View details

Frequently Asked Questions

What type of property is this?

Apartment building - Apartments feature refreshed kitchens and bathrooms, hardwood floors, and in-unit laundry.

Where is this apartment building located?

The property is located at 5138 Waterman Boulevard Saint Louis, MO.

What is the asking price?

The asking price for this property is $1,299,000.

What are key features of this property?

This property features: Seven apartments: three 3‑bedroom/2‑bath units and four 1‑bedroom/1‑bath units; Newly finished lower‑level 1‑bedroom/1‑bath apartment; 10,197 square feet; built in 1915