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

916 N Mill Street, Festus, MO 63028

Four-property multifamily package with occupied rentals, municipal utilities, and an additional property for four more units.

Property SizeContact for details
Days on Market12

Property Features for 916 N Mill Street

General Information

Standard status Active
Occupancy 100%

Additional Details

Utilities to Site Yes
Multifamily Units 30

Taxes and HOA fees

Annual Taxes $1,279

Building Details

Buildings 4
Listing Agency: Wright Living Real Estate, LLC
Listed By: Susan Wright · License #1999108490
Source: Exprealty
Added: Jul 31 Changed: Aug 11 Last Checked: Aug 11 at 8:29AM

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 Wright Living Real Estate, LLC

Investment Insights

Based on property information with market context.

This multifamily offering combines four rental properties containing 30 units. The portfolio includes apartment buildings and residential rental properties with a mix of unit types, and all units are served by city water and sewer. Occupancy is reported at 100 percent across the package.

An additional property is included for the construction of 4 more units. The properties are located at 916 N Mill Street in Festus, Missouri, and are situated in established residential areas.

Key Highlights

  • Four rental properties offered as one multifamily package
  • 30 total rental units
  • 100 percent occupancy across the portfolio

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

231
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
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Frequently Asked Questions

What type of property is this?
Apartment building - Four-property multifamily package with occupied rentals, municipal utilities, and an additional property for four more units.
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 offered as one multifamily package; 30 total rental units; 100 percent occupancy across the portfolio
More about this property
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