41-Unit Garden-Style Apartment
For Sale
$1,999,000
8404 Halls Ferry Road, Saint Louis, MO 63147
Residential Income, St Louis, MO
Property Size15,800 SF
Lot Size1.32 Acres
Price / SF$126.52
Days on Market79
Property Features for 8404 Halls Ferry Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Subdivision
City/St Louis
Elementary school
Earl Nance Sr. Elem.
Middle school
Fanning Middle Community Ed.
High school
Beaumont Cte High School
Elementary school district
St. Louis City
Middle school district
St. Louis City
High school district
St. Louis City
Directions
GPS
Standard status
Active
APN
4281-00-0165-0
Size
15,800 SF
Lot size
1.32 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
8755
Building Details
Year built
1964
Number of units
41
Building materials
Brick
Listing Agency:
Manor Real Estate
(314) 647-6611
Listed By:
Ben Cherry · License #2006018085
3146476611x11
Added: Aug 14
Changed: Oct 20
Last Checked: Oct 31 at 1:06AM
MLS# 26052146
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.
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Investment Insights
Based on property information with market context.
Sandalwood Apartments is a 41-unit multifamily property comprising five brick buildings, built in 1964. The 1.316-acre site includes 25 surface parking spaces, and all apartments have one bedroom and one bathroom. The June 2026 tenant roster shows 40 of 41 units leased, or 97.6% occupancy. The property has a 10.95% in-place cap rate and a 5.72x gross rent multiplier.
At 8404 Halls Ferry Road in St. Louis City’s Baden neighborhood, the property has frontage on a corridor carrying 18,787 vehicles per day. Lambert International Airport is roughly 15 minutes away, and regional commuter rail is accessible. Zoning is F - Neighborhood Commercial.
At 8404 Halls Ferry Road in St. Louis City’s Baden neighborhood, the property has frontage on a corridor carrying 18,787 vehicles per day. Lambert International Airport is roughly 15 minutes away, and regional commuter rail is accessible. Zoning is F - Neighborhood Commercial.
Key Highlights
- 41 units across five brick buildings
- All apartments have one bedroom and one bathroom
- Built in 1964 on a 1.316‑acre site
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$147,035
Cap Rate
7.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,940,700
$2.9M
Cap Rate 7%
$2,100,500
$2.1M
Cap Rate 9%
$1,633,722
$1.6M
Market Conditions
NOI Build-Up for 15,800 SF
Gross rent
$284.4K $18.00/SF
− Vacancy
−$17.1K −$1.08/SF
EGI
$267.3K $16.92/SF
− OpEx
−$120.3K −$7.61/SF
NOI
$147.0K $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%
$2,940,700
Cap Rate 7%
$2,100,500
Cap Rate 9%
$1,633,722
Alternative Uses
Best Use
Apartment 5plus
$2.10M
$1.84M – $2.45M
NOI $147,035 @ 7.0% cap · market cap 7.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.39M
$2.97M – $3.96M
NOI $237,367 @ 7.0% cap · market cap 11.87%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
41
Residential units
97.6%
Occupancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
328
Businesses Nearby
Explore this area
Business Placement
Demographics for 63147, MO
8,499
Population
4,542
Households
1.9
Avg Household Size
44
Median Age
12%
College-Educated
86%
High-School Grad
5.9 sq mi
ZIP Area
1,441
Density / Sq Mi
$39,119
Median Household Income
$27,956
Median Earnings
$926
Median Rent
$70,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Five brick buildings offer an all one-bedroom, one-bathroom unit mix in a multifamily community.
Where is this apartment building located?
The property is located at 8404 Halls Ferry Road Saint Louis, MO.
What is the asking price?
The asking price for this property is $1,999,000.
What are key features of this property?
This property features: 41 units across five brick buildings; All apartments have one bedroom and one bathroom; Built in 1964 on a 1.316‑acre site
