

Portfolio sale: 315 Lofts, Bell Lofts & Parking Lot
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
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