Renovated 13-Unit Apartment
For Sale
$2,350,000
6201 Arsenal Street St, Louis, MO 63139
MULTI_FAMILY - Contemporary - St Louis, MO
Property Size9,600 SF
Lot Size0.09 Acres
Price / SF$244.79
Days on Market8
Property Features for 6201 Arsenal Street St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 1, Basement, Bathroom 2, Bedroom 2, Bathroom 1, Bathroom 3
Parking features
Off Street
Basement
Full
Subdivision
Seevers Clifton Add
Elementary school
Mason Elem.
Middle school
Henry Elem.
High school
Roosevelt High
Elementary school district
St. Louis City
Middle school district
St. Louis City
High school district
St. Louis City
Directions
Arsenal St near Clifton Ave, west of Hampton Ave and near The Hill.
Standard status
Active
APN
5688-00-0230-7
Size
9,600 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
20813
Utilities
Cooling system
Central Air
Water source
Public
Building Details
Year built
1927
Number of units
13
Flooring type
Hardwood
Building materials
Brick
Architectural style
Contemporary
Listing Agency:
Invest St. Louis
(314) 325-6201
Listed By:
Jordan Schoen · License #2009024331
(314) 255-5117
Added: Aug 5
Last Checked: Aug 12 at 1:06AM
MLS# 26048678
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.
Located at 6201 Arsenal Street in St. Louis, this 9,600-square-foot apartment building contains 13 units on a 0.0946-acre parcel. The unit mix includes twelve one-bedroom, one-bath apartments and one larger one-bedroom residence with one-and-one-half baths. Originally built in 1927, the brick property has been extensively renovated, including electrical, plumbing, sewer, HVAC, windows, roofing, rear decks, common areas, basements, kitchens, bathrooms, appliances, fixtures, and interior layouts. Hardwood flooring, central air, public water, and off-street parking are included. AT&T Fiber infrastructure extends to every unit.
The property is in the 63139 corridor near The Hill, the Clayton Central Business District, Forest Park, and the Botanical Gardens. Highway 40 and Highway 44 provide convenient regional access. Three former commercial spaces were incorporated into the apartment count during the renovation, adding to the building’s current residential configuration.
The property is in the 63139 corridor near The Hill, the Clayton Central Business District, Forest Park, and the Botanical Gardens. Highway 40 and Highway 44 provide convenient regional access. Three former commercial spaces were incorporated into the apartment count during the renovation, adding to the building’s current residential configuration.
Key Highlights
- 13‑unit apartment building with twelve one‑bedroom/one‑bath apartments and one one‑bedroom/one‑and‑one‑half‑bath residence
- 9,600 square feet on 0.0946 acres at 6201 Arsenal Street, St. Louis, MO 63139
- Extensive renovation included electrical, plumbing, sewer, HVAC, windows, roof, decks, kitchens, bathrooms, and layouts
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$89,338
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.80%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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 3.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.06M
$1.80M – $2.40M
NOI $144,223 @ 7.0% cap · market cap 6.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
13
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
620
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Updated apartments offer modernized interiors, upgraded building systems, and AT&T Fiber infrastructure serving every unit.
Where is this apartment building located?
The property is located at 6201 Arsenal Street St Louis, MO.
What is the asking price?
The asking price for this property is $2,350,000.
What are key features of this property?
This property features: 13‑unit apartment building with twelve one‑bedroom/one‑bath apartments and one one‑bedroom/one‑and‑one‑half‑bath residence; 9,600 square feet on 0.0946 acres at 6201 Arsenal Street, St. Louis, MO 63139; Extensive renovation included electrical, plumbing, sewer, HVAC, windows, roof, decks, kitchens, bathrooms, and layouts
