Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Above Grade Finished Area

    39000.0

  • Basement YN

    NO

  • Cooling YN

    YES

  • Cooling

    Central Air, Electric

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Forced Air, Electric

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Vinyl Siding

  • Parking

    Open, Parking Lot

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Property Type

    Residential Income

  • Property Sub Type

    Multi Family

  • Architectural Style

    Traditional

Price

  • Sales Price

    $5,100,000

  • Sq. Footage

    39, 000

  • Price/SqFt

    $130

HOA

  • Association

    YES

  • Association Fee

    $265

  • Association Fee Frequency

    Monthly

  • Association Fee Includes

    N/A

School District

  • Elementary School

    Trautwein Elem.

  • Middle School

    Washington Middle

  • High School

    Mehlville High School

Property Features

  • New Construction

    NO

  • Association Amenities

    Other

  • Senior Community YN

    NO

  • Water Source

    Public

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Location

County

St. Louis

Elementary School

Trautwein Elem.

Middle School

Washington Middle

High School

Mehlville High School

Listing Courtesy of Jordan Cooper , Exit Elite Realty

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Agent Greg Tolbert

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Greg Tolbert

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Rare opportunity to acquire a 39-unit apartment package located in a premier Class A area of St. Louis County. Built in 2011, this well-maintained asset offers modern construction, strong in-place income, and operational simplicity with all-electric units.

The property is currently generating over $50,000 per month in gross rental income, providing immediate cash flow in one of the most desirable rental corridors in the county. Built with long-term durability in mind, the all-electric design minimizes maintenance complexity and utility infrastructure concerns.

Situated in a highly sought-after location known for strong tenant demand, stable demographics, and continued growth, this asset presents an ideal opportunity for investors seeking a newer vintage property with consistent performance and upside potential.

6411 Brookfield Court

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Related Properties

The Lange (3600 Texas Ave.) and 3620 Texas Ave. is a two-property multifamily portfolio located in the historic
neighborhood of Gravois Park in St. Louis, Missouri. The sale includes two contiguous properties totaling 27 units.

3600 Texas Ave. is a historic redevelopment containing 15 units, originally built in 1884 and completely renovated in 2018. 3620 Texas Ave. is a new construction property, built in 2022 and contains 12 units.

Both properties are fully-renovated with thoughtfully designed finishes including updated kitchens with stainless steel appliances and quartz countertops. The properties enjoy a beautiful courtyard, controlled gated access, private outdoor terrace and off-street gated parking.

Located on Texas Ave. between Cherokee Street and Chippewa Street, the Portfolio occupies a 0.64-acre site.

The properties must be purchased together.
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MLS#: 26009769

Price reduced
Concord Place is a 50-unit property that is positioned for immediate rent growth with below-market rents and strong local demographics, allowing new ownership to implement a value-add strategy and push rents through targeted renovations.   

• Built in 1966, Renovated in 2017-2018 (new roofs in 2022) 
• 5 Buildings, 50 total units across 2.09 acres
• Mix of 1- and 2- bedroom units (60% two-bedrooms)
• Avg. in-place rent: $960/ unit (below market rents of $1,094 for 1BR and $1,355 for 2BR)
• 100% occupancy with strong in-place cash flow 
• Recent capex expenditures over 500,000, including new roofs, interior upgrades, and exterior improvements
• Value-add potential through interior updates and adding washers/ dryers in units (currently only 2 units equipped)
• Prime location near Lindbergh Blvd, Tesson Ferry Rd, and I-270 with nearby developments like Tesson Ridge and new retail (including Chick-fil-a)
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11542 Concord Village Avenue

None Beds

None Baths

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$5,500,000

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PRICE REDUCED~ Oakview Apartments is a 36-unit value-add multifamily community situated in a thriving area of St. Louis’s Central Corridor.

The property consists of three all-brick buildings featuring 36 1-bed, 1-bath units with a strong occupancy rate of 100%. Unit features include in-unit washers and dryers, hardwood floors, updated kitchens with quartz countertops and stainless-steel appliances, as well as rear balconies. Residents can enjoy off-street parking in the parking lot behind in the rear of the buildings.

Oakview Apartments is ideally located just minutes from Forest Park. Its proximity to WashU ensures a steady influx of students, faculty, and staff, driving demand for rental properties. The vibrant Dogtown neighborhood, known for its lively atmosphere and local eateries, adds to the area’s appeal. Downtown Clayton, with its bustling business district and upscale shopping and dining, is also just a short drive away. Additionally, the property is conveniently located near major hospitals and employers in the Central West End, such as BJC Healthcare, attracting healthcare professionals and other workers.

Current rents are below market rates, providing immediate upside potential for future ownership through rental increases. Furthermore, 5 units have not been updated with new kitchens, presenting additional opportunities for value enhancement. The property is being offered free-and-clear, allowing buyers the flexibility to secure new financing.
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 - property

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