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    1053 Vandeventer Ave St St. Louis, MO 63110

    For Sale
    $895,000

    Six-unit multifamily portfolio in St. Louis

    Property size:
    5,708 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional investment opportunity presents a two-building portfolio totaling six units situated on a 0.25-acre lot in St. Louis's vibrant Grove neighborhood. The property comprises a fully occupied two-family building (2,400 square feet) and a vacant four-family building (3,308 square feet) requiring complete rehabilitation. Located at the hard corner of Vandeventer and Sarah Streets, this prime 0.25-acre site benefits from its position at the planned signalized intersection of the Tower Grove Connector, offering significant redevelopment potential. The existing structures could be renovated, repurposed, or replaced with new construction, catering to the area's high demand for housing. The asking price is $895,000, translating to $174.32 per square foot and $165,833.33 per unit. The property's Class C designation and redevelopment investment type highlight its potential for substantial return on investment. This is a rare chance to acquire a significant parcel in a rapidly growing area. The property's strategic location and size make it ideal for various development scenarios, from infill projects to adaptive reuse of the existing buildings. The opportunity to capitalize on the neighborhood's revitalization and the increased traffic flow resulting from the new connector makes this a compelling investment.

    Property Features for 1053 Vandeventer Ave St

    General Information

    Property type
    Multifamily properties
    Square Feet
    5,708 SF
    Class
    C
    Lot Size
    10,890 SF

    Building Details

    Buildings
    2
    Stories
    2
    Units
    6

    HighLights

    • High‑visibility corner lot at Vandeventer and Sarah Streets, totaling 0.25 acres.
    • Strategically located at the planned signalized intersection of the Brickline Greenway's Tower Grove Connector.
    • 1053 S Vandeventer: 2,400 SF, fully occupied, two‑family building on 0.11 acres.
    • 1055‑57 S Vandeventer: 3,308 SF, four‑family building on 0.15 acres requiring complete rehabilitation.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    St. Louis
    County
    St. Louis
    State
    Missouri
    Longitude
    -90.2496365
    Latitude
    38.6273037

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    FAQs

    What type of property is this?
    Multifamily property - Six-unit multifamily portfolio in St. Louis
    Where is this multifamily property located?
    The property is located at 1053 Vandeventer Ave St St. Louis, MO.
    What is the asking price?
    The asking price for this property is $895,000.
    What are key features of this property?
    This property features: High-visibility corner lot at Vandeventer and Sarah Streets, totaling 0.25 acres.; Strategically located at the planned signalized intersection of the Brickline Greenway's Tower Grove Connector.; 1053 S Vandeventer: 2,400 SF, fully occupied, two-family building on 0.11 acres.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1053 Vandeventer Ave St St. Louis, MO 63110
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