Grove Neighborhood Multifamily
For Sale
Contact for pricing
1053 S Vandeventer Ave, Saint Louis, MO 63110
Two-building portfolio in the Grove neighborhood, prime for infill.
Property Size5,708 SF
Lot Size0.25 Acres
Price / SF$156.80
Days on Market1540
Property Features for 1053 S Vandeventer Ave
General Information
Standard status
Active
Size
5,708 SF
Class
C
Lot size
0.25 Acres
Property subtype
Multifamily
Investment Type
Redevelopment
Building Details
Buildings
2
Stories
2
Units
6
Listing Agency:
King Realty Advisors
Listed By:
Jay Rios · License #MO 2011004671
(314) 486-0231
Source:
Crexi
Added: Aug 16, 2022
Changed: Nov 1
Last Checked: Nov 1 at 5:37AM
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 King Realty Advisors
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This offering features a two-building portfolio located in the Grove neighborhood. The portfolio includes a four-family building that is currently vacant and an adjacent two-family building that is fully occupied. Situated on a 0.25-acre site, this hard corner location is positioned at the signalized intersection where the upcoming Tower Grove Connector will meet Sarah Street. The site presents opportunities for infill development, or the existing structures could be renovated or repurposed. The property size is 5708 square feet.
Key Highlights
- Prime 1/4 acre site at a signalized hard corner.
- Located in the 'red hot' Grove neighborhood.
- Includes a fully occupied 2‑family building for immediate income.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,119
Cap Rate
5.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,062,380
$1.1M
Cap Rate 7%
$758,843
$758.8K
Cap Rate 9%
$590,211
$590.2K
Market Conditions
NOI Build-Up for 5,708 SF
Gross rent
$102.7K $18.00/SF
− Vacancy
−$6.2K −$1.08/SF
EGI
$96.6K $16.92/SF
− OpEx
−$43.5K −$7.61/SF
NOI
$53.1K $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%
$1,062,380
Cap Rate 7%
$758,843
Cap Rate 9%
$590,211
Alternative Uses
Best Use
Apartment 5plus
$758.8K
$664.0K – $885.3K
NOI $53,119 @ 7.0% cap · market cap 5.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.23M
$1.07M – $1.43M
NOI $85,753 @ 7.0% cap · market cap 9.58%
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
Location Intelligence
Trade Area within ½ mile
2,631
Businesses Nearby
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Business Placement
Demographics for 63110, MO
18,199
Population
10,260
Households
1.8
Avg Household Size
33
Median Age
64%
College-Educated
97%
High-School Grad
6.6 sq mi
ZIP Area
2,757
Density / Sq Mi
$73,809
Median Household Income
$55,340
Median Earnings
$1,183
Median Rent
$314,600
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 - Two-building portfolio in the Grove neighborhood, prime for infill.
Where is this apartment building located?
The property is located at 1053 S Vandeventer Ave Saint 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: Prime 1/4 acre site at a signalized hard corner.; Located in the 'red hot' Grove neighborhood.; Includes a fully occupied 2‑family building for immediate income.
