5437 Page BLVD, St Louis, MO 63112
5437 Page BLVD, St Louis, MO 63112
5437 Page BLVD, St Louis, MO 63112
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$880,000
Est. payment /mo
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15,444 SqFt
Active

5437 Page BLVD St Louis, MO 63112

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Danielle Jordan

Danielle Jordan

+1(573) 308-5933

UPDATED:

Key Details

Property Type Multi-Family

Sub Type 5 Family or More

Listing Status Active

Purchase Type For Sale

Square Footage 15,444 sqft

Price per Sqft $56

Subdivision Mccormicks Add

MLS Listing ID 26011160

Style Traditional

Year Built 1908

Annual Tax Amount $13,006

Lot Size 0.468 Acres

Acres 0.468

Property Sub-Type 5 Family or More

Property Description

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.

Location

State MO

County St Louis City

Area 4 - Central West

Rooms

Basement Walk-Out Access

Interior

Heating Forced Air

Cooling Central Air

Fireplace N

Exterior

Parking Features false

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected

View Y/N No

Roof Type Flat

Private Pool false

Building

Water Public

Level or Stories Three Or More

Structure Type Brick

Schools

Elementary Schools Hamilton Elem. Community Ed.

Middle Schools Yeatman-Liddell Middle School

High Schools Sumner High

School District St. Louis City

Others

Ownership Private

Acceptable Financing 1031 Exchange, Cash, Conventional

Listing Terms 1031 Exchange, Cash, Conventional

Special Listing Condition Standard

Listed by Jordan Schoen • Invest St. Louis

NEARBY SCHOOL & BUSINESS

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Danielle Jordan

Danielle Jordan

Broker/Salesperson

+1(573) 308-5933

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