Updated Apartment
For Sale
$4,000,000
7201-05 Gravois Avenue, Saint Louis, MO 63116
One-bedroom residences include stainless steel appliances, contemporary finishes, and laundry inside each unit.
Property Size28,000 SF
Price / SF$142.86
Days on Market17
Property Features for 7201-05 Gravois Avenue
General Information
Standard status
Active
Size
28,000 SF
Property subtype
Residential Income
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$28,149
Amenities
stainless steel appliances
in-unit laundry
Building Details
Building Size
28,000 SF
Year Built
1964
Buildings
1
Listing Agency:
CBRE
(314) 655-6000
Listed By:
Matt Bukhshtaber · License #2011029892
(314) 632-6685
Source:
Finehomesbydawn
Added: Oct 15
Changed: Oct 29
Last Checked: Oct 29 at 8:35PM
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 CBRE
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Investment Insights
Based on property information with market context.
This multifamily property contains one-bedroom, one-bathroom apartments with updated interiors, stainless steel appliances, modern finishes, and in-unit laundry. The building was constructed in 1964 and has a reported property size of 28,000 square feet. Off-street parking is available for residents.
Located on Gravois Avenue in Princeton Heights, the property has access to public transportation and nearby retail, restaurants, grocery stores, and everyday services. Hampton Avenue and I-55 provide connections toward Downtown St. Louis. Willmore Park, Francis Park, and Carondelet Park are also nearby.
Located on Gravois Avenue in Princeton Heights, the property has access to public transportation and nearby retail, restaurants, grocery stores, and everyday services. Hampton Avenue and I-55 provide connections toward Downtown St. Louis. Willmore Park, Francis Park, and Carondelet Park are also nearby.
Key Highlights
- One‑bedroom, one‑bathroom apartment units
- 28,000 square feet; built in 1964
- Updated interiors with stainless steel appliances and in‑unit laundry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$260,568
Cap Rate
6.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,211,360
$5.2M
Cap Rate 7%
$3,722,400
$3.7M
Cap Rate 9%
$2,895,200
$2.9M
Market Conditions
NOI Build-Up for 28,000 SF
Gross rent
$504.0K $18.00/SF
− Vacancy
−$30.2K −$1.08/SF
EGI
$473.8K $16.92/SF
− OpEx
−$213.2K −$7.61/SF
NOI
$260.6K $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%
$5,211,360
Cap Rate 7%
$3,722,400
Cap Rate 9%
$2,895,200
Alternative Uses
Best Use
Apartment 5plus
$3.72M
$3.26M – $4.34M
NOI $260,568 @ 7.0% cap · market cap 6.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.01M
$5.26M – $7.01M
NOI $420,650 @ 7.0% cap · market cap 10.52%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
331
Businesses Nearby
Explore this area
Business Placement
Demographics for 63116, MO
41,959
Population
22,394
Households
1.9
Avg Household Size
37
Median Age
37%
College-Educated
90%
High-School Grad
5.4 sq mi
ZIP Area
7,770
Density / Sq Mi
$60,193
Median Household Income
$42,012
Median Earnings
$946
Median Rent
$161,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - One-bedroom residences include stainless steel appliances, contemporary finishes, and laundry inside each unit.
Where is this apartment building located?
The property is located at 7201-05 Gravois Avenue Saint Louis, MO.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: One‑bedroom, one‑bathroom apartment units; 28,000 square feet; built in 1964; Updated interiors with stainless steel appliances and in‑unit laundry
