Low-Rise Multifamily
840 Spring Avenue, Saint Charles, MO 63301
For Sale
New
$2,300,000
The building includes central air and a low-rise apartment configuration.
Property Size11,280 SF
Price / SF$203.90
Days on Market3
Property Features for 840 Spring Avenue
General Information
Standard status
Size
Property subtype
Net Operating Income
Taxes and HOA fees
Annual Taxes
Amenities
Central Air
Apartment Style, Low/1-2
Building Details
Year Built
Buildings
Listing Agency:
Apartment Advisors of America LLC
Listed By:
Michael Zangara
(314) 517-0903
Source:
Evrealestate
Added: Nov 13
Changed: Nov 14
Last Checked: Nov 14 at 2:25PM
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 Apartment Advisors of America LLC
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Investment Insights
Based on property information with market context.
This multifamily property was built in 1970 and has 11,280 square feet. Its apartment-style exterior is configured as a low-rise building, with central air noted among the interior features.
The property is located at 840 Spring Avenue in St. Charles, Missouri.
The property is located at 840 Spring Avenue in St. Charles, Missouri.
Key Highlights
- 11,280‑square‑foot multifamily property
- Built in 1970
- Central air
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$113,161
Cap Rate
4.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,263,220
$2.3M
Cap Rate 7%
$1,616,586
$1.6M
Cap Rate 9%
$1,257,344
$1.3M
Market Conditions
NOI Build-Up for 11,280 SF
Gross rent
$216.6K $19.20/SF
− Vacancy
−$10.8K −$0.96/SF
EGI
$205.7K $18.24/SF
− OpEx
−$92.6K −$8.21/SF
NOI
$113.2K $10.03/SF
Area
St. Charles County, MO
Vacancy
5.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,263,220
Cap Rate 7%
$1,616,586
Cap Rate 9%
$1,257,344
Alternative Uses
Best Use
Apartment 5plus
$1.62M
$1.41M – $1.89M
NOI $113,161 @ 7.0% cap · market cap 4.92%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.99M
$2.61M – $3.48M
NOI $208,975 @ 7.0% cap · market cap 9.09%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
832
Businesses Nearby
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Business Placement
Demographics for 63301, MO
50,890
Population
22,687
Households
2.2
Avg Household Size
39
Median Age
39%
College-Educated
94%
High-School Grad
84.3 sq mi
ZIP Area
604
Density / Sq Mi
$83,551
Median Household Income
$46,433
Median Earnings
$1,093
Median Rent
$249,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Multifamily property - The building includes central air and a low-rise apartment configuration.
Where is this multifamily property located?
The property is located at 840 Spring Avenue Saint Charles, MO.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: 11,280‑square‑foot multifamily property; Built in 1970; Central air
