Building Details

Year Built 1974

Year Renovated 2010

Buildings 6

Stories 2

Units 44

Listing Agency: Salient Realty Group g***@salientrealtygroup.com Show Phone

Listed By: Matthew Millslagle · License #2024031548

Source: Crexi

Added: Feb 3 Changed: Aug 8 Last Checked: Aug 10 at 3:10PM

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 Salient Realty Group

Investment Insights

Based on property information with market context.

Kirkwood Forest is a 44-unit multifamily property located at 551 S. Clay Avenue in Kirkwood, Missouri. The property features a mix of one, two, and three-bedroom floor plans ranging from approximately 650 to 1,250 square feet. Some units have been upgraded with modern finishes, including granite countertops, stainless steel appliances, and in-unit washer/dryers. The property is located within the Kirkwood R-VII School District and offers walkable access to downtown Kirkwood, a retail and dining destination. Recent interior renovations completed by current ownership establish potential for additional value creation through continued unit upgrades, operational efficiencies, and rent growth. The property is a garden-style apartment community in a high-barrier submarket.

Key Highlights

• Located in Kirkwood, Missouri, an affluent and supply‑constrained submarket of St. Louis.
• Offers a desirable mix of one, two, and three‑bedroom units, appealing to a broad renter base.
• Located within the top‑ranked Kirkwood R‑VII School District.

Property Analytics

Property Profile

Current Use

Apartment buildings

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Grocery & Convenience Store Locksmith Auto Parts Store Hotel & Motel Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,175

Businesses Nearby

Explore this area Business Placement

Demographics for 63122, MO

41,319

Population

17,763

Households

2.3

Avg Household Size

43

Median Age

70%

College-Educated

98%

High-School Grad

14.5 sq mi

ZIP Area

2,850

Density / Sq Mi

$132,783

Median Household Income

$73,050

Median Earnings

$1,329

Median Rent

$449,700

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this apartment buildings located? What is the asking price? Find similar properties ... What are key features of this property?

Ask Rey about this property ...

Frequently Asked Questions

What type of property is this?

Apartment building - 44-unit multifamily property in Kirkwood, Missouri with upgrade potential.

Where is this apartment building located?

The property is located at 551 S Clay Ave Kirkwood, MO.

What are key features of this property?

This property features: Located in Kirkwood, Missouri, an affluent and supply‑constrained submarket of St. Louis.; Offers a desirable mix of one, two, and three‑bedroom units, appealing to a broad renter base.; Located within the top‑ranked Kirkwood R‑VII School District.