7
  • Type
  • Residential Income

5437 Page Boulevard, St Louis, MO 63112

  • $927,000

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.

  • Address: 5437 Page Boulevard
  • City: St Louis
  • State/county: MO
  • Zip/Postal Code: 63112
  • Area: McCormicks Add

Details

Updated on March 2, 2026 at 10:02 pm
  • Property ID 26011160
  • Price $927,000
  • Land Area 0.468 Acres
  • Garage Size x x
  • Year Built 1908
  • Type Residential Income
  • Property Status Active

Additional details

  • Listing Terms 1031 Exchange,Cash,Conventional
  • Roof Flat
  • Utilities Electricity Connected,Natural Gas Connected,Sewer Connected
  • Cooling Central Air
  • Heating Forced Air
  • County St Louis City
  • Property Type Residential Income
  • Elementary School Hamilton Elem. Community Ed.
  • Middle School Yeatman-Liddell Middle School
  • High School Sumner High
  • Architectural Style Traditional

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