www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
31184020
31480658

3 Locations

BR
MO MO 2016002029, MO MO2016002029
Keys Realty
Listed by Keys Realty
$5,250,000
78 days on market
Updated 64 days ago
Opportunity zone

Portfolio sale: 315 Lofts, Bell Lofts & Parking Lot

Details
Property Type Multifamily
Sub Type Apartment Building
Units 44
Cap Rate 9.3%
NOI $488,087
Pro-Forma Cap Rate 10.31%
Pro-Forma NOI $541,500
Class B
Buildings 2
Parking Spaces 20 spaces
Investment Type Stabilized

Parking Lot 2 blocks from Cardinals Stadium.

Marketing description

Located in the heart of downtown St. Louis, this 44-unit loft multifamily portfolio plus surface parking lot offers a rare opportunity to acquire immediate scale, strong in-place cash flow, and clear operational upside in one of the city’s most active and evolving submarkets.

The offering includes 315 Lofts (20 units), Bell Lofts (24 units), and the 1001 Olive parking lot, creating a highly efficient downtown portfolio with diversified revenue streams from apartment rents, recurring fees, and parking income. The combined portfolio produced $488,087 in 2025 actual cash NOI and is currently 93% occupied, providing immediate yield with limited remaining lease-up risk.

Both buildings feature a highly desirable mix of oversized 1-bedroom and 2-bedroom loft-style units that outperform much of the typical studio-heavy downtown inventory. Several units remain below realistic renewal and new-lease rent levels, creating a clear mark-to-market opportunity through normal lease turnover and final vacancy fill.

The included 1001 Olive parking lot, located just a few blocks from Busch Stadium, adds a separate and scalable income stream with upside through tenant parking, courthouse/daytime users, event parking, or third-party parking management.

The portfolio benefits from a premier walkable location near SLU Law School, multiple courthouse complexes, Washington Avenue, and major downtown employment centers, supporting durable renter demand from legal professionals, law students, government staff, business travelers, and downtown workforce tenants.

The large loft layouts and central location also provide flexibility for traditional long-term leasing, furnished executive rentals, or hybrid short-term strategies, allowing buyers to optimize revenue based on market demand and local regulations.

This is a rare chance to acquire portfolio scale, immediate cash flow, parking income, and rent-growth upside in a supply-constrained downtown location with continued public and private investment.

Investment highlights

44 Loft Units + 20+ Unit Parking Lot in Downtown St. Louis

  • Includes 315 Lofts (20 units), Bell Lofts (24 units), and the 1001 Olive parking lot
  • Rare portfolio-scale downtown acquisition with operational synergies and separate parking income

Strong 2025 Actual Cash NOI – $488,087

  • Immediate in-place cash flow from two stabilized multifamily assets
  • Strong existing income base before lease-up and renewal upside

93% Current Occupancy

  • Only 3 physical vacancies remaining
  • Near-term leasing pipeline already in place
  • Straightforward path to full stabilization

Mark-to-Market Rent Growth Opportunity

  • Multiple units remain below realistic renewal and new-lease rent levels
  • Clear upside through lease turnover, Bell 2BR renewals, and final vacancy fill

Additional Parking Lot Revenue + Future Upside

  • Separate income stream from 1001 Olive
  • Opportunity to increase revenue through tenant parking, courthouse/event parking, or third-party management

Prime Downtown Location Near SLU Law + Courthouses

  • Strong renter demand from legal professionals, law students, government staff, and downtown workforce tenants

Large Loft-Style 1BR + 2BR Units

  • Oversized floorplans outperform typical downtown inventory
  • Supports strong retention, premium rents, and flexible leasing strategies

Listing Contacts

BR
MO MO 2016002029, MO MO2016002029
Keys Realty
Listed by Keys Realty

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$488,087.00
$40,673.92/mo

Valuation Metrics

0
DSCR
9.3%
Cap Rate
9.3%
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Ben Riley
License
MO 2016002029
Brokerage
Keys Realty
Brokerage Phone
3146626398
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591