207 S Main St 20 Unit Apartment Building $1,600,000 ($80,000/Unit) 3.20% Cap Rate Louisiana, MO 63353

Beautiful 20-Unit All-Brick Apartment Complex Overlooking Courtyard & River Views Exceptional investment opportunity featuring a well-maintained, 20-unit, all-brick apartment complex overlooking a serene green-space courtyard and the majestic Mississippi River. This property operates under a multi-year Housing Assistance Payment (HAP) contract through the U.S. Department of Housing and Urban Development, making it eligible for automatic annual OCAF rent increases—providing stable, predictable income. Residents enjoy clean, functional living with coin-operated laundry facilities on both the upper and lower levels. The property is located within walking distance of local restaurants, clinics, shops, and other amenities, offering excellent convenience for tenants. This subsidized housing community serves residents age 62 and older, as well as disabled individuals, and is home to many long-term, loyal tenants—reflecting the property’s strong reputation and consistent demand. A rare chance to acquire a reliable, income-producing asset with built-in rent growth and a highly stable tenant base.
*Purchaser must qualify for approval by the U.S. Department of Housing and Urban Development, including submission and approval of HUD Form 2530. Prior ownership or management experience with Housing Assistance Payments Program or other HUD-assisted housing is preferred but not mandatory.
*Owned by the same party as 207 South 5th Street, this property can be acquired together with it to create a larger multifamily portfolio. Please see the 207 South 5th Street listing in Louisiana, MO, also under the same ownership.