Seven-Story Elevator Apartment
New
For Sale
$5,520,000
5522 Delmar Boulevard, Saint Louis, MO 63112
Updated apartments feature central heating and cooling, plus washer and dryer hookups in every unit.
Property Size29,813 SF
Price / SF$185.15
Days on Market3
Property Features for 5522 Delmar Boulevard
General Information
Standard status
Active
Size
29,813 SF
Elevators
Yes
Property subtype
Residential Income
Occupancy
94%
Net Operating Income
$434,895
Site & Location
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
20 x studio, 21 x 1BR, 7 x 2BR
Multifamily Units
48
Additional Details
Cap Rate
7.88%
Taxes and HOA fees
Annual Taxes
$17,788
Amenities
landscaped terrace
Sidewalks, Street Lights
Accessible Entrance, Accessible Approach with Ramp, Accessible Elevator Installed
Central Air
Forced Air
Stainless Steel Appliance(s), Microwave, Electric Range, Refrigerator
Elevator, Open Floorplan
Off Street, Parking Lot
High-Rise-4+ Stories
Building Details
Year Built
1950
Year Renovated
2020
Buildings
1
Stories
7
Listing Agency:
The Agency
Listed By:
Anthony Klier · License #2022012991
(314) 517-1925
Source:
Evrealestate
Added: Oct 13
Changed: Oct 15
Last Checked: Oct 14 at 9:04PM
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 The Agency
Investment Insights
Based on property information with market context.
This seven-story apartment property contains 48 units and is served by an elevator. The layout includes 20 studios, 21 one-bedroom apartments and 7 two-bedroom apartments. Unit renovations completed in 2019–2020 introduced LVP flooring, white shaker kitchens, subway-tile backsplashes, stainless appliances and tiled bathrooms. Each apartment has central heating and cooling and washer and dryer hookups. Common areas received improvements after the May 2025 storm, and a landscaped terrace marks the entrance.
The building is on Delmar Boulevard in DeBaliviere Place. The WashU Delmar DivINe shuttle stop is across the street; WashU’s Danforth Campus and the WashU Medical Campus/Barnes-Jewish Hospital are each about 1.2 miles away. Forest Park, the Forest Park-DeBaliviere MetroLink station and the Delmar Loop are also nearby.
As of the October 7, 2026 rent roll, 45 of 48 units were leased or pending. The stated cap rate is 7.88%, with a 9.64% pro forma at target rents. Real estate tax abatement is reported through 2030.
The building is on Delmar Boulevard in DeBaliviere Place. The WashU Delmar DivINe shuttle stop is across the street; WashU’s Danforth Campus and the WashU Medical Campus/Barnes-Jewish Hospital are each about 1.2 miles away. Forest Park, the Forest Park-DeBaliviere MetroLink station and the Delmar Loop are also nearby.
As of the October 7, 2026 rent roll, 45 of 48 units were leased or pending. The stated cap rate is 7.88%, with a 9.64% pro forma at target rents. Real estate tax abatement is reported through 2030.
Key Highlights
- 48 apartments across seven stories, with elevator service
- Unit mix: 20 studios, 21 one‑bedrooms and 7 two‑bedrooms
- Apartment renovations completed in 2019–2020
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$277,440
Cap Rate
5.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,548,800
$5.5M
Cap Rate 7%
$3,963,429
$4.0M
Cap Rate 9%
$3,082,667
$3.1M
Market Conditions
NOI Build-Up for 29,813 SF
Gross rent
$536.6K $18.00/SF
− Vacancy
−$32.2K −$1.08/SF
EGI
$504.4K $16.92/SF
− OpEx
−$227.0K −$7.61/SF
NOI
$277.4K $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%
$5,548,800
Cap Rate 7%
$3,963,429
Cap Rate 9%
$3,082,667
Alternative Uses
Best Use
Apartment 5plus
$3.96M
$3.47M – $4.62M
NOI $277,440 @ 7.0% cap · market cap 5.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.40M
$5.60M – $7.46M
NOI $447,888 @ 7.0% cap · market cap 8.11%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
48
Residential units
93.8%
Occupancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
850
Businesses Nearby
Explore this area
Business Placement
Demographics for 63112, MO
18,954
Population
11,521
Households
1.6
Avg Household Size
33
Median Age
44%
College-Educated
89%
High-School Grad
3.2 sq mi
ZIP Area
5,923
Density / Sq Mi
$43,262
Median Household Income
$36,297
Median Earnings
$911
Median Rent
$216,400
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Updated apartments feature central heating and cooling, plus washer and dryer hookups in every unit.
Where is this apartment building located?
The property is located at 5522 Delmar Boulevard Saint Louis, MO.
What is the asking price?
The asking price for this property is $5,520,000.
What are key features of this property?
This property features: 48 apartments across seven stories, with elevator service; Unit mix: 20 studios, 21 one‑bedrooms and 7 two‑bedrooms; Apartment renovations completed in 2019–2020
