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Kirkwood Forest 551 S Clay Ave 44 Unit Apartment Building For Sale Kirkwood, MO 63122
Investment Highlights
- 44 Updated Units in Heart of Kirkwood
- In-Unit Washer & Dryer in 89% of the Units
- Incredible Location - 10 Min. Walk to Downtown Kirkwood
- Great Unit Mix - 1, 2 & 3 Bedroom Units
- Updated Electric Panels
Executive Summary
Salient Realty Group is pleased to present Kirkwood Forest, a 44-unit multifamily investment opportunity located at 551 S. Clay Avenue in Kirkwood, Missouri, one of the most affluent and supply-constrained submarkets in the St. Louis metropolitan area. The property features a highly desirable unit mix of one, two, and three-bedroom floor plans ranging from approximately 650 to 1,250 square feet, appealing to a broad and stable renter base. A portion of the units have been upgraded with modern finishes, including granite countertops, stainless steel appliances, and in-unit washer/dryers, enhancing rental appeal and supporting premium rents.
The asset is exceptionally well-located within the top-ranked Kirkwood R-VII School District and offers walkable access to downtown Kirkwood, a vibrant retail and dining destination that continues to drive renter demand. Recent interior renovations completed by current ownership establish a clear runway for additional value creation through continued unit upgrades, operational efficiencies, and mark-to-market rent growth. Kirkwood Forest represents a rare opportunity to acquire a stabilized, garden-style apartment community in a high-barrier submarket with limited new supply, consistent tenant demand, and long-term rent growth fundamentals.
The asset is exceptionally well-located within the top-ranked Kirkwood R-VII School District and offers walkable access to downtown Kirkwood, a vibrant retail and dining destination that continues to drive renter demand. Recent interior renovations completed by current ownership establish a clear runway for additional value creation through continued unit upgrades, operational efficiencies, and mark-to-market rent growth. Kirkwood Forest represents a rare opportunity to acquire a stabilized, garden-style apartment community in a high-barrier submarket with limited new supply, consistent tenant demand, and long-term rent growth fundamentals.
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Sale Type | Investment | Building Size | 54,288 SF |
| No. Units | 44 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1974/2010 |
| Apartment Style | Garden | Parking Ratio | 0.94/1,000 SF |
| Building Class | C | Cross Streets | Claybine Dr. |
| Lot Size | 2.04 AC | ||
| Zoning | R4 | ||
| Sale Type | Investment |
| No. Units | 44 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.04 AC |
| Building Size | 54,288 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1974/2010 |
| Parking Ratio | 0.94/1,000 SF |
| Cross Streets | Claybine Dr. |
| Zoning | R4 |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Fireplace
- Washer/Dryer
- Kitchen
- Granite Countertops
- Hardwood Floors
- Stainless Steel Appliances
- Porch
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 16 | - | 650 |
| 2+1 | 16 | - | 900 |
| 3+2 | 12 | - | 1,250 |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 24M-13-1096 | Total Assessment | $821,240 (2025) |
| Land Assessment | $418,000 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $403,240 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
24M-13-1096
Land Assessment
$418,000 (2025)
Improvements Assessment
$403,240 (2025)
Total Assessment
$821,240 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
Contacts
-
Tim McCarthy -
James Anderson -
Matthew Millslagle -
Garen Lafser -
Salient Realty Group LLC
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Kirkwood Forest | 551 S Clay Ave
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