Fontainebleau Apartments 1001 N McKnight Rd 71 Unit Apartment Building For Sale Saint Louis, MO 63132

Fontainebleau Apartments is a 71-unit, mid-rise multifamily community located at 1001 N. McKnight Road in St. Louis, Missouri, positioned just minutes from Clayton and Washington University. The property features a strong mix of studio, one-bedroom, and two-bedroom floor plans and has demonstrated exceptional, long-term occupancy averaging approximately 98–99%. Built in 1960 and partially renovated in 2019, Fontainebleau offers residents a compelling amenity package including a year-round heated pool, fitness center, theater room, renovated community spaces, controlled access, and garage parking. Situated at the intersection of major thoroughfares with convenient access to I-170 and I-64, the property benefits from proximity to major healthcare, education, and biotech employers. Fontainebleau presents investors with a stable, cash-flowing asset and additional upside through targeted interior upgrades and continued rent growth in a high-demand submarket.

- Positioned in a high-demand, infill suburban neighborhood and steps from Ruth Park Golf Course, nature trails, and local parks, with easy Metro bus access and immediate proximity to major corridors (I-170, I-64), making commutes to downtown Clayton, medical centers, and Washington University effortless for professionals and retirees alike.
- Robust historical property occupancy (98-99%), with recent lease trade-outs and renewals supporting consistent, market-driven rent growth; current effective rents demonstrate in-place upside. Properties of similar vintage benefit from a tight vacancy environment, with Class A/B product showing rent growth projections exceeding 4% annually.
- Less than three miles to Washington University in St. Louis and the University of Missouri-St. Louis, with over 36,000 students enrolled and major healthcare/ biotech employers nearby – driving rental demand from young professionals, retirees, and university staff.
- Surrounded by above-average median income levels, high educational attainment, and a mix of established neighborhoods (median home values $375K+), catering to a resident base that values quality, security, and lifestyle. Features such as fitness center, year-round pool access, on-site garage parking, and movie theater support an active lifestyle for young professionals and make for low-maintenance living for retirees.
- Potential exists to further increase NOI through select unit upgrades, amenity enhancements, or operational efficiencies, maximizing rental upside in an already proven rent-achieving asset.