Furnished 7-Unit Apartment
For Sale
$840,000
922 Allen Ave, Saint Louis, MO 63104
Fully leased residential package with updated interiors, private outdoor areas, parking, and basement storage.
Property Size7,732 SF
Price / SF$108.64
Days on Market68
Property Features for 922 Allen Ave
General Information
Standard status
Active
Size
7,732 SF
Property subtype
Residential Income
Occupancy
100%
Net Operating Income
$103,934
Financials
Asking Price
$1,434,000
Cap Rate
7.25%
Gross Income
$142,510
Additional Details
Furnished
Yes
Multifamily Units
7
Taxes and HOA fees
Annual Taxes
$2,675
Amenities
in-unit laundry
updated kitchens
hardwood floors
central air
private decks/patios
off-street parking
basement storage
Building Details
Year Renovated
2018
Buildings
3
Construction
all-brick
Listing Agency:
The Agency
(314) 677-1477
Listed By:
Anthony Klier · License #2022012991
(314) 517-1925
Source:
Exprealty
Added: Aug 9
Changed: Oct 14
Last Checked: Oct 15 at 2:35AM
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 The Agency
Investment Insights
Based on property information with market context.
The property comprises seven furnished apartment units across three all-brick residences at 922–926 Allen Avenue in St. Louis. The buildings underwent a studs-out renovation in 2018, including replacement of HVAC, electrical, plumbing, and roofing systems. Unit features include updated kitchens, hardwood floors, central air, in-unit laundry, and private decks or patios. Off-street parking and basement storage are also included.
The residences are 100% leased, with tenants consisting of traveling nurses and corporate professionals whose housing costs are paid through employer stipends. The property contains 7,732 square feet and carries a 7.25% cap rate based on actual T-12 performance. Nearby medical institutions include SSM Health SLU and BJC/Barnes-Jewish hospitals, while the Soulard setting offers access to McGurk’s, Molly’s, the Soulard Farmers Market, and the Anheuser-Busch Brewery.
The residences are 100% leased, with tenants consisting of traveling nurses and corporate professionals whose housing costs are paid through employer stipends. The property contains 7,732 square feet and carries a 7.25% cap rate based on actual T-12 performance. Nearby medical institutions include SSM Health SLU and BJC/Barnes-Jewish hospitals, while the Soulard setting offers access to McGurk’s, Molly’s, the Soulard Farmers Market, and the Anheuser-Busch Brewery.
Key Highlights
- 7,732‑square‑foot apartment property with 7 furnished units
- 100% leased to traveling nurses and corporate professionals
- Three all‑brick residences at 922–926 Allen Avenue
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,954
Cap Rate
8.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,439,080
$1.4M
Cap Rate 7%
$1,027,914
$1.0M
Cap Rate 9%
$799,489
$799.5K
Market Conditions
NOI Build-Up for 7,732 SF
Gross rent
$139.2K $18.00/SF
− Vacancy
−$8.4K −$1.08/SF
EGI
$130.8K $16.92/SF
− OpEx
−$58.9K −$7.61/SF
NOI
$72.0K $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%
$1,439,080
Cap Rate 7%
$1,027,914
Cap Rate 9%
$799,489
Alternative Uses
Best Use
Apartment 5plus
$1.03M
$899.4K – $1.20M
NOI $71,954 @ 7.0% cap · market cap 8.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.66M
$1.45M – $1.94M
NOI $116,160 @ 7.0% cap · market cap 13.83%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
7
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,005
Businesses Nearby
Explore this area
Business Placement
Demographics for 63104, MO
19,317
Population
10,958
Households
1.8
Avg Household Size
34
Median Age
54%
College-Educated
94%
High-School Grad
3.4 sq mi
ZIP Area
5,681
Density / Sq Mi
$70,127
Median Household Income
$53,693
Median Earnings
$1,054
Median Rent
$249,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully leased residential package with updated interiors, private outdoor areas, parking, and basement storage.
Where is this apartment building located?
The property is located at 922 Allen Ave Saint Louis, MO.
What is the asking price?
The asking price for this property is $840,000.
What are key features of this property?
This property features: 7,732‑square‑foot apartment property with 7 furnished units; 100% leased to traveling nurses and corporate professionals; Three all‑brick residences at 922–926 Allen Avenue
