Building Details

Year Built 1963

Units 204

Listing Agency: d***@nmrk.com Show Phone

Listed By: Dan Wiele · License ##2016000516

Source: Nmrk

Added: Jan 27 Changed: Aug 9 Last Checked: Aug 11 at 5:31AM

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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 Dan Wiele

Investment Insights

Based on property information with market context.

Forest View Apartments presents an opportunity to acquire a multifamily asset in Crestwood. The property, located in a supply-constrained submarket of South St. Louis County, offers access to Highway 44, employment centers, and retail along Watson Road. The property is positioned for value-add repositioning through addressing existing capex needs, unit renovations, and amenity expansion. Rent premiums have been proven on-site by current ownership. The unit mix includes one- and two-bedroom floorplans, appealing to a broad tenant base. Unit layouts are efficient and well sized, providing an excellent foundation for interior upgrades. The property is located near established single-family neighborhoods and benefits from access to thoroughfares connecting residents to employment hubs throughout the St. Louis metro. A 276-unit Class A multifamily community is planned directly adjacent to the property. The Crestwood Crossing shopping center enhances convenience and retail access.

Key Highlights

• Proven value‑add repositioning opportunity: Clear path to increased rents through renovations, supported by existing $190+ rent premiums.
• Highly desirable, supply‑constrained location: Located in Crestwood, a sought‑after South St. Louis County submarket.
• Immediate highway access and proximity to employment centers: Convenient access to Highway 44 and major employment hubs.

Property Analytics

Property Profile

Current Use

Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Restaurant Law Firm Big Box & Wholesale Store Grocery & Convenience Store Barber Shop Daycare Center

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

Location Intelligence

Trade Area within ½ mile

577

Businesses Nearby

Explore this area Business Placement

Demographics for 63126, MO

15,851

Population

6,529

Households

2.4

Avg Household Size

42

Median Age

56%

College-Educated

97%

High-School Grad

4.6 sq mi

ZIP Area

3,446

Density / Sq Mi

$99,795

Median Household Income

$56,351

Median Earnings

$1,112

Median Rent

$287,000

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 - Multifamily asset in Crestwood with value-add repositioning potential.

Where is this apartment building located?

The property is located at 9420 Mary Glen Drive Crestwood, MO.

What are key features of this property?

This property features: Proven value‑add repositioning opportunity: Clear path to increased rents through renovations, supported by existing $190+ rent premiums.; Highly desirable, supply‑constrained location: Located in Crestwood, a sought‑after South St. Louis County submarket.; Immediate highway access and proximity to employment centers: Convenient access to Highway 44 and major employment hubs.