5437 Page Blvd

St. Louis MO 63112

15444 sq. ft.

20386.08 sq. ft.

Multi-Family

Currently for sale - view listing

Overview

This is a rare opportunity to acquire a 12-unit multifamily property in one of St. Louis’ most desirable rental corridors, ideally located .9 miles from The Loop, 1.4 miles from Forest Park, 1.9 miles from Washington University, and 2.2 miles from Barnes Hospital. The asset consists of 4 three-family buildings featuring spacious 900-square-foot three-bedroom units, totaling 36 bedrooms. Recent capital improvements include updated HVAC systems, electrical and plumbing upgrades, new flooring, appliances, doors, windows, fresh interior paint, and refreshed common areas, with the added benefit of off-street parking for tenants. The property presents a clear value-add opportunity, as current rents remain below market levels. Rental data within a three-mile radius shows average market rents for three-bedroom units at approximately $2,230 per month, with an average of $1.83 per square foot, while Section 8 rents range from $1,570 to $1,670 per month. There is currently one unit vacant, with current rents ranging from $848-$1,100 a month. The property is listed at $77,250 per unit, there are 5 updated multi family sales comparables nearby with an average price per foot of $139, and an average price per unit of $163,178. The one vacant unit needs a unit turnover to be rentable.

Features

15444 sq. ft. floor area

20386.08 sq. ft. lot size

Multi-Family

Property history for 5437 Page Blvd

2023

Sold

Undisclosed

21 Jan 2023

Happy sellers in St. Louis

We have insufficient information to provide an overview of customer satisfaction for St. Louis. Viewing the agent profiles, reviews and sales for St. Louis can provide insights for this location.