Log In/Sign Up
Your email has been sent.
4343-4353 Manchester Ave
Saint Louis, MO 63110
Multifamily Property For Sale
·
19 Units
INVESTMENT HIGHLIGHTS
- In Unit Laundry
- Strong Rent Upside
- Located In A Prime Location
EXECUTIVE SUMMARY
- Prime Location: Situated in one of Saint Louis' most dynamic & walkable neighborhoods, this property is within close proximity to BJC Medical Center, Washington University, Cortex Innovation District, and a vibrant mix of bars, restaurants, and shops.
- Strong Unit Mix with Retail Component: The building includes 17 1-bedroom units, 1 large 2-bedroom unit, and 1 street-facing retail space, offering diversified income streams and flexibility for future leasing strategies.
- Turnkey Asset with Modern Amenities: Fully gut-rehabbed in 2008 with in-unit washer/dryers, modern kitchens, updated electrical/plumbing systems, and individual HVAC systems. The property is in excellent condition with minimal deferred maintenance.
- Rent Upside: Current rents are below market, offering a clear value-add opportunity through strategic lease-up or unit upgrades. Strong tenant demand driven by proximity to major employers and ongoing area development.
- Proximity to Hospitals & Employment Centers: Walking distance to major hospitals and medical centers including Barnes-Jewish, Children’s Hospital, and SLU Hospital—ideal for attracting young professionals, med students, and healthcare workers.
- Strong Unit Mix with Retail Component: The building includes 17 1-bedroom units, 1 large 2-bedroom unit, and 1 street-facing retail space, offering diversified income streams and flexibility for future leasing strategies.
- Turnkey Asset with Modern Amenities: Fully gut-rehabbed in 2008 with in-unit washer/dryers, modern kitchens, updated electrical/plumbing systems, and individual HVAC systems. The property is in excellent condition with minimal deferred maintenance.
- Rent Upside: Current rents are below market, offering a clear value-add opportunity through strategic lease-up or unit upgrades. Strong tenant demand driven by proximity to major employers and ongoing area development.
- Proximity to Hospitals & Employment Centers: Walking distance to major hospitals and medical centers including Barnes-Jewish, Children’s Hospital, and SLU Hospital—ideal for attracting young professionals, med students, and healthcare workers.
PROPERTY FACTS
| Price Per Unit | $125,000 | Lot Size | 0.29 AC |
| Sale Type | Investment | Building Size | 13,842 SF |
| Cap Rate | 6.43% | Average Occupancy | 95% |
| No. Units | 19 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1899/2008 |
| Property Subtype | Apartment | Parking Ratio | 0.68/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Building Class | B | ||
| Zoning | G | ||
| Price Per Unit | $125,000 |
| Sale Type | Investment |
| Cap Rate | 6.43% |
| No. Units | 19 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.29 AC |
| Building Size | 13,842 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built/Renovated | 1899/2008 |
| Parking Ratio | 0.68/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | G |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 17 | - | 550 - 620 |
| 2+1 | 1 | - | 1,000 |
PROPERTY TAXES
| Parcel Number | 511202-03007 | Improvements Assessment | $175,760 |
| Land Assessment | $25,950 | Total Assessment | $201,710 |
PROPERTY TAXES
Parcel Number
511202-03007
Land Assessment
$25,950
Improvements Assessment
$175,760
Total Assessment
$201,710
1 of 14
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
