13-Unit Renovated Apartment
For Sale
$2,275,000
6201 Arsenal Street, Saint Louis, MO 63139
Thirteen one-bedroom residences include a larger unit with one-and-one-half baths and AT&T Fiber infrastructure throughout.
Property Size9,600 SF
Price / SF$236.98
Days on Market87
Property Features for 6201 Arsenal Street
General Information
Standard status
Active
Size
9,600 SF
Property subtype
Residential Income
Units
Unit Mix
12 x 1BR/1BA, 1 x 1BR/1.5BA
Multifamily Units
13
Additional Details
Highway Access
Yes
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$20,813
Amenities
AT&T Fiber
Building Details
Building Size
9,600 SF
Year Built
1927
Buildings
1
Units
13
Listing Agency:
Flowers Home Realty
(636) 348-0222
Listed By:
Marletta Flowers · License #2006018112
(314) 614-8707
Source:
Flowershomerealty
Added: Aug 4
Changed: Oct 25
Last Checked: Oct 26 at 4:10AM
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 Flowers Home Realty
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Investment Insights
Based on property information with market context.
This 13-unit apartment property contains twelve one-bedroom, one-bath residences and one larger one-bedroom apartment with one-and-one-half baths. The 9,600-square-foot building was constructed in 1927 and comprehensively renovated, including new electrical, plumbing, sewer, HVAC, windows and roof. Work also covered rebuilt rear decks, tuckpointing, refreshed common areas and basements, updated kitchens and bathrooms, new appliances and fixtures, and revised layouts. AT&T Fiber infrastructure reaches every unit.
The property is on Arsenal Street in St. Louis’ 63139 corridor, with access to highways 40 and 44. Nearby destinations include The Hill, Clayton Central Business District, Forest Park and the Botanical Gardens. It may be acquired together with 6008 Southwest Ave., also in 63139 and described as a few blocks away.
The property is on Arsenal Street in St. Louis’ 63139 corridor, with access to highways 40 and 44. Nearby destinations include The Hill, Clayton Central Business District, Forest Park and the Botanical Gardens. It may be acquired together with 6008 Southwest Ave., also in 63139 and described as a few blocks away.
Key Highlights
- 13 apartments: twelve one‑bedroom, one‑bath units and one one‑bedroom, one‑and‑one‑half‑bath unit
- 9,600‑square‑foot building constructed in 1927
- Renovation included electrical, plumbing, sewer, HVAC, windows and roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$89,338
Cap Rate
3.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,786,760
$1.8M
Cap Rate 7%
$1,276,257
$1.3M
Cap Rate 9%
$992,644
$992.6K
Market Conditions
NOI Build-Up for 9,600 SF
Gross rent
$172.8K $18.00/SF
− Vacancy
−$10.4K −$1.08/SF
EGI
$162.4K $16.92/SF
− OpEx
−$73.1K −$7.61/SF
NOI
$89.3K $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%
$1,786,760
Cap Rate 7%
$1,276,257
Cap Rate 9%
$992,644
Alternative Uses
Best Use
Apartment 5plus
$1.28M
$1.12M – $1.49M
NOI $89,338 @ 7.0% cap · market cap 3.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.06M
$1.80M – $2.40M
NOI $144,223 @ 7.0% cap · market cap 6.34%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
13
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
683
Businesses Nearby
Explore this area
Business Placement
Demographics for 63139, MO
21,971
Population
12,187
Households
1.8
Avg Household Size
38
Median Age
49%
College-Educated
96%
High-School Grad
3.8 sq mi
ZIP Area
5,782
Density / Sq Mi
$74,749
Median Household Income
$52,298
Median Earnings
$1,086
Median Rent
$199,400
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
Frequently Asked Questions
What type of property is this?
Apartment building - Thirteen one-bedroom residences include a larger unit with one-and-one-half baths and AT&T Fiber infrastructure throughout.
Where is this apartment building located?
The property is located at 6201 Arsenal Street Saint Louis, MO.
What is the asking price?
The asking price for this property is $2,275,000.
What are key features of this property?
This property features: 13 apartments: twelve one‑bedroom, one‑bath units and one one‑bedroom, one‑and‑one‑half‑bath unit; 9,600‑square‑foot building constructed in 1927; Renovation included electrical, plumbing, sewer, HVAC, windows and roof
