Pine Meadow Court Apartments 1101 Washington Ave 55 Unit Apartment Building For Sale Alton, IL 62002

***192 total apartments for sale. Must be sold as a package. 4 complexes within one block of each other. 4 address' are 112 Manor Court(64 units), 744 Washington(28 units), 824 Washington(45 units), and 1101 Washington(55 units)***
The Gallery Illinois presents a rare opportunity to acquire a stabilized multifamily portfolio totaling 192 units across four properties within one block of each other in Alton, Illinois. This offering includes 112 Manor Court (64 units), 744 Washington (28 units), 824 Washington (45 units), and 1101 Washington (55 units). Each property features a diverse mix of studios, one-, two-, and three-bedroom apartments, appealing to a wide tenant demographic and supporting strong occupancy performance.
The portfolio boasts a historical occupancy rate of approximately 97%, reflecting consistent demand and operational stability. Alton’s position as a growing commuter hub for the St. Louis metropolitan area enhances its rental market fundamentals, driven by affordability and proximity to major employment centers. Residents benefit from convenient access to local retail, schools, and transportation corridors, further strengthening the appeal of these assets.
This package offers investors immediate scale, reliable cash flow, and long-term growth potential in a market with favorable demographic trends. With all properties located within a single block, operational efficiencies and streamlined management create additional value for ownership.