Log In/Sign Up
Your email has been sent.
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
Walk Score®
Very Walkable (72)
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
1 of 9
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Kirkwood Forest | 551 S Clay Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.