Multi-Family Housing Portfolio 2 Multifamily Properties Offered at $2,075,000 in University City, MO

This two-property multifamily portfolio offers a compelling investment opportunity in the heart of University City, Missouri. Comprising a total of 28 garden-style apartment units across seven one-story buildings, the assets are strategically located at 7401–7415 Olive Blvd and 1253–1257 North and South Rd, just minutes from major retail corridors, public transit, and employment centers.
The Olive Blvd site features 16 two-bedroom, one-bath units across four buildings on 0.81 acres, while the North and South Rd site includes 12 similar units across three buildings on 0.90 acres. All units are equipped with ranges and dishwashers, and surface parking is available throughout. With a current occupancy of 75%, the portfolio offers immediate income with upside through lease-up and potential renovations.
Located in a vibrant submarket with strong demographics, the properties benefit from a 1-mile average household income of $133,142 and a population of over 17,000. Within a 3-mile radius, the population exceeds 118,000 with an average household income of $143,047. The area is surrounded by national retailers including Schnucks, Costco, CVS, Marshalls, and Shake Shack, and enjoys high visibility with traffic counts of 9,052 VPD on Olive Blvd and 119,563 VPD nearby.
Priced at $2,075,000, the portfolio can be acquired together or separately, offering flexibility for investors seeking scale or targeted asset acquisition. This is a rare chance to secure well-located multifamily assets in a high-income, high-demand corridor of St. Louis County.