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7389 Maple Ave
Saint Louis, MO 63143
Multifamily Property For Sale
·
24 Units


Investment Highlights
- Turn-key investment opportunity featuring updated units and established rent premiums
- Excellent 3-Mile Demographics: Average Household Income: $134,501; Average Home Value: $413,704
- Limited new supply in the immediate area, combined with consistent population density and household demand, supports long-term rental resilience
- Property has strong historical occupancy - currently 95.8%
- Located in highly-ranked Maplewood-Richmond Heights School District (Top 13% Nationwide and #13 in Missouri by Niche)
- Priced well below replacement cost
Executive Summary
7389 Maple Avenue in Maplewood, MO presents a compelling, turn-key 24-Unit multifamily investment opportunity featuring a diverse unit mix of spacious studio and one-bedroom apartments that appeal to a broad renter base. The property has been thoughtfully updated to achieve rent premiums and is supported by strong historical occupancy, currently at 95.8%, providing immediate cash flow and operational stability. Located within a highly desirable area boasting exceptional 3-mile demographics—average household income of $134,501 and average home values of $413,704—the asset also benefits from placement in the top-ranked Maplewood-Richmond Heights School District (Top 13% nationwide, #13 in Missouri). As an infill property in one of St. Louis’ most sought-after inner-ring suburbs, residents enjoy proximity to established infrastructure, amenities, and a central location that continues to drive consistent tenant demand. With limited new supply in the immediate area and strong underlying fundamentals supporting long-term occupancy and rent growth, this offering is further enhanced by pricing well below replacement cost, making it an attractive opportunity for both yield and appreciation.
Property Facts
| Price Per Unit | $137,500 | Lot Size | 0.21 AC |
| Sale Type | Investment | Building Size | 14,904 SF |
| No. Units | 24 | Average Occupancy | 96% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1928 |
| Apartment Style | Low-Rise | Parking Ratio | 1.34/1,000 SF |
| Building Class | C | ||
| Zoning | 35MDR | ||
| Price Per Unit | $137,500 |
| Sale Type | Investment |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 14,904 SF |
| Average Occupancy | 96% |
| No. Stories | 3 |
| Year Built | 1928 |
| Parking Ratio | 1.34/1,000 SF |
| Zoning | 35MDR |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 18 | - | 828 |
| 1+1 | 6 | - | 828 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $207,960 | |
| Land Assessment | $151,810 | Total Assessment | $359,770 |
Property Taxes
Parcel Numbers
Land Assessment
$151,810
Improvements Assessment
$207,960
Total Assessment
$359,770
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