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Clara Heights Apartments 807 Clara Ave 25 Unit Apartment Building $1,595,000 ($63,800/Unit) Saint Louis, MO 63112
Investment Highlights
- 24 Units - Near Forest Park, Delmar Loop, CWE & Washington University
- All Units Updated
- $1M of CapEx Recently Completed
- Below Market Rents with Upside
Executive Summary
807 Clara Avenue presents the opportunity to acquire a well-maintained multifamily asset in the City of St. Louis. The property features a classic brick exterior with strong curb appeal, spacious unit layouts, and a proven rental history, making it an attractive investment for both local and out-of-market buyers. Situated on a sizable lot with ample street parking and convenient access to major highways, the property benefits from strong connectivity to Downtown St. Louis, employment centers, educational institutions, and neighborhood amenities. Investors will appreciate the property's durable construction, operational stability, and potential for continued income growth through strategic management and future rent optimization. The surrounding area continues to experience public and private investment, creating long-term upside while providing residents with convenient access to shopping, dining, transportation, and recreational opportunities.
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
| Price | $1,595,000 | Building Class | C |
| Price Per Unit | $63,800 | Lot Size | 0.31 AC |
| Sale Type | Investment | Building Size | 26,252 SF |
| No. Units | 25 | Average Occupancy | 83% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built/Renovated | 1928/2026 |
| Apartment Style | Low-Rise | ||
| Zoning | C | ||
| Price | $1,595,000 |
| Price Per Unit | $63,800 |
| Sale Type | Investment |
| No. Units | 25 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.31 AC |
| Building Size | 26,252 SF |
| Average Occupancy | 83% |
| No. Stories | 3 |
| Year Built/Renovated | 1928/2026 |
| Zoning | C |
Amenities
Unit Amenities
- Air Conditioning
- Microwave
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Recycling
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 19 | - | 650 |
| 2+1 | 3 | - | 940 |
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Moderately walkable
70/100
Moderately drivable
60/100
Some public transit
40/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 4546-00-0250-0 | Total Assessment | $147,750 |
| Land Assessment | $2,740 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $145,010 | Tax Year | 2026 |
Property Taxes
Parcel Number
4546-00-0250-0
Land Assessment
$2,740
Improvements Assessment
$145,010
Total Assessment
$147,750
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
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