Jenn Lawler
REALTOR®
BEDS0
BATHS
SQUARE FEET15,444
MLS#26011160
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONMcCormicks Add
SCHOOLSt Louis City
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.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Walk-Out Access
Cooling: Central Air
Heating: Forced Air
Home Style: Traditional
Lot Size: 0.47 Acres
Roof Type: Flat
Taxes: $13,006
Year Built: 1908
Feature Descriptions
Days on Site: 2
Exterior: Brick
Parcel#: 3801-04-0190-0
Units: 3
Water: Public
Local Schools
High School: Sumner High
Middle School: Yeatman-Liddell Middle School
Elementary School: Hamilton Elem. Community Ed.
School District: St Louis City
Listed By / Shown By
Listed By
Agency Name: Invest St. Louis
Shown By
Agent Name: Jenn Lawler
Agent Phone: Cell: (314) 225-0280
Agency Title: RedKey Realty Leaders
Estimate Your Payment
Estimated Payment
$ 6,404.64 per month $5,050.43 Principal & Interest $1,083.83 Property Tax $270.38 Homeowner's InsuranceChange Payment Information
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5437 Page Boulevard | MLS# 26011160
This multi-family property located at 5437 Page Boulevard , Saint Louis, MO 63112 is currently listed for sale with an asking price of $927,000. Page Boulevard is located within the St Louis City school district. Search Saint Louis real estate on jennlawler.redkeystlouis.com today.