5437-5445 Page Blvd 12 Unit Apartment Building $927,000 ($77,250/Unit) 8.55% Cap Rate Saint Louis, MO 63112

This is a rare opportunity to acquire a 12-unit multifamily property in one of St. Louis’ most desirable rental corridors, ideally located near The Loop, Forest Park, and Washington University. The asset consists of four three-family buildings featuring spacious 900-square-foot three-bedroom units, totaling 36 bedrooms. Recent capital improvements include updated HVAC systems, electrical and plumbing upgrades, new flooring, appliances, doors, windows, fresh interior paint, and refreshed common areas, with the added benefit of off-street parking for tenants. The property presents a clear value-add opportunity, as current rents remain below market levels. Rental data within a three-mile radius shows average market rents for comparable three-bedroom units at approximately $2,230 per month, or $1.83 per square foot, while Section 8 rents range from $1,570 to $1,670 per month. Strategically positioned just 0.9 miles from The Loop, 1.4 miles from Forest Park, 1.9 miles from Washington University’s North Campus, 2.2 miles from the Barnes Hospital complex, 2.9 miles from Washington University’s main campus, and 3 miles from Clayton, the property benefits from strong surrounding demand drivers and long-term rental upside.