Grove Neighborhood Multifamily
1053 S Vandeventer Ave St. Saint Louis, MO 63110
For Sale
Contact for pricing
Two-building portfolio in the Grove neighborhood, prime for infill.
Property Size5,708 SF
Lot Size0.25 Acres
Price / SF$156.80
Days on Market1438
Property Features for 1053 S Vandeventer Ave St.
General Information
- Standard status
- Active
- Size
- 5,708 SF
- Lot size
- 0.25 Acres
- Property subtype
- Multifamily
Listing Agency:
King Realty Advisors
(314) 486-0231
Listed By:
Jay Rios · License #MO 2011004671
Source:
Crexi
Added: Aug 16, 2022
Changed: Jul 6
Last Checked: Jul 23 at 9:02AM
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
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 For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $102.7k | $18.00 |
| − Vacancy | −$6.2k | −$1.08 |
| EGI | $96.6k | $16.92 |
| − OpEx | −$43.5k | −$7.61 |
| NOI | $53.1k | $9.31 |
5,708 SF · lease $18.00/SF/yr · vacancy 6.00% · expense 45.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
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 St. 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.
