Updated 7-Unit Multifamily
5138 Waterman Boulevard St Louis, MO 63108
New
5138 Waterman Boulevard St, Louis, MO, 63108
$1,350,000
For Sale
$1,350,000
MULTI_FAMILY - Other - St Louis, MO
Property Size10,197 SF
Lot Size0.22 Acres
Price / SF$132.39
Days on Market5
Property Features for 5138 Waterman Boulevard St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 9
- Bathrooms
- 7
- Rooms
- Bathroom 3, Bathroom 2, Bedroom 2, Bedroom 9, Bedroom 1, Bedroom 5, Bedroom 8, Basement, Bedroom 6, Bathroom 4, Bedroom 4, Bedroom 3, Bathroom 6, Bathroom 7, Bedroom 7, Bathroom 1, Bathroom 5
- Parking
- 7
- Parking features
- Garage, Off Street
- Interior features
- Historic Millwork
- Basement
- Storage Space, Unfinished
- Standard status
- Active
- APN
- 4907-01-0080-0
- Size
- 10,197 SF
- Lot size
- 0.22 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- C.B.4907-A WATERMAN AVE 50 FT X 195 FT 10 IN FOREST PARK PLACE ADDN LOT 33
- Tax Annual Amount
- 13881
Utilities
- Heating system
- Natural Gas, Forced Air
- Cooling system
- Electric, Central Air
- Water source
- Public
Building Details
- Year built
- 1915
- Floors in Building
- 3
- Number of units
- 7
- Building materials
- Brick
- Architectural style
- Other
Listing agency
Avenue Real Estate Group
(314) 665-2010
Listed by
Andrew Jolley · License #2017038387
(314) 665-2010
Added: Jul 18 Updated: Jul 22 at 4:35PM Checked: Jul 22 at 7:06PM
MLS# 26045149
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.
Investment Insights
Based on property information with market context.
An updated 7-unit multifamily building offering a practical unit mix: three 3-bedroom/2-bath units, three 1-bedroom/1-bath units, and a newly finished 1-bedroom/1-bath lower-level unit. Each unit features updated bathrooms, modern kitchens with stainless steel appliances, dishwashers, and in-unit washers and dryers, along with hardwood flooring throughout.
The property includes a private driveway that leads to a detached 3-car garage, plus four additional off-street parking spaces. Located at 5138 Waterman Boulevard in St. Louis, it is described as being in the Central West End.
The building’s configuration is designed for straightforward occupancy across its bedroom/bed-bath mix, with consistent interior upgrades and resident convenience provided by in-unit laundry.
The property includes a private driveway that leads to a detached 3-car garage, plus four additional off-street parking spaces. Located at 5138 Waterman Boulevard in St. Louis, it is described as being in the Central West End.
The building’s configuration is designed for straightforward occupancy across its bedroom/bed-bath mix, with consistent interior upgrades and resident convenience provided by in-unit laundry.
Key Highlights
- 7‑unit multifamily building with a unit mix of three 3BD/2BA, three 1BD/1BA, and one newly finished lower‑level 1BD/1BA
- Each unit has updated bathrooms and modern kitchens with stainless steel appliances, dishwashers, and in‑unit washers and dryers
- Historic millwork and hardwood flooring throughout the units
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $183.5k | $18.00 |
| − Vacancy | −$11.0k | −$1.08 |
| EGI | $172.5k | $16.92 |
| − OpEx | −$77.6k | −$7.61 |
| NOI | $94.9k | $9.31 |
10,197 SF · lease $18.00/SF/yr · vacancy 6.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.36M
$1.19M – $1.58M
NOI $94,893 @ 7.0% cap · market cap 7.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.19M
$1.91M – $2.55M
NOI $153,192 @ 7.0% cap · market cap 11.35%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Isalis
(Bike/Boat/Book/etc) Store
Party City
Party Supply Store
Skunk Funk
Big Box & Wholesale Store
Carl's Trading Co
Hat Shop
Bushka's Kitchen LLC
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Seven updated units include in-unit laundry and modern kitchens, with parking from a private driveway and detached 3-car garage.
Where is this apartment building located?
The property is located at 5138 Waterman Boulevard St Louis, MO.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 7‑unit multifamily building with a unit mix of three 3BD/2BA, three 1BD/1BA, and one newly finished lower‑level 1BD/1BA; Each unit has updated bathrooms and modern kitchens with stainless steel appliances, dishwashers, and in‑unit washers and dryers; Historic millwork and hardwood flooring throughout the units
