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30-Unit Apartment Portfolio
For Sale
$3,500,000
Pending

916 N Mill Street, Festus, MO 63028

Four rental properties provide fully occupied units with city water and sewer service.

Property SizeContact for details
Days on Market18

Property Features for 916 N Mill Street

General Information

Standard status Pending
Occupancy 100%

Additional Details

Utilities to Site Yes
Multifamily Units 30

Taxes and HOA fees

Annual Taxes $1,279

Building Details

Year Built 1935
Buildings 4
Listing Agency:
Listed By: Ravenscraft Realty
Source: Ravenscraftrealty.idxbroker
Added: Aug 16 Changed: Aug 30 Last Checked: Sep 1 at 2:45PM

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 Ravenscraft Realty

Investment Insights

Based on property information with market context.

This multifamily package includes four rental properties with 30 rental units across a mix of apartment buildings and residential rentals. The units are fully occupied, and all are connected to city water and sewer systems. An additional property is included for the potential construction of 4 more units, subject to applicable approvals and requirements.

The portfolio is located at 916 N Mill Street in Festus, Missouri, within established residential areas. The offering provides a consolidated group of rental properties for an owner seeking multiple buildings and unit types in one acquisition.

Key Highlights

  • Four rental properties included in the portfolio
  • 30 rental units across the package
  • Units are fully occupied

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Restaurant Law Firm Dental Office Pharmacy Parking Lot & Garage Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

30
Residential units
100%
Occupancy
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

339
Businesses Nearby

Demographics for 63028, MO

27,924
Population
11,390
Households
2.5
Avg Household Size
40
Median Age
24%
College-Educated
91%
High-School Grad
125.8 sq mi
ZIP Area
222
Density / Sq Mi
$76,468
Median Household Income
$46,341
Median Earnings
$937
Median Rent
$221,600
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Four rental properties provide fully occupied units with city water and sewer service.
Where is this apartment building located?
The property is located at 916 N Mill Street Festus, MO.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Four rental properties included in the portfolio; 30 rental units across the package; Units are fully occupied
More about this property
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