551 S Clay Ave, Kirkwood, MO 63122

Salient Realty Group is pleased to present Kirkwood Forest, a 44-unit multifamily investment opportunity located at 551 S. Clay Avenue in Kirkwood, Missouri, one of the most affluent and supply-constrained submarkets in the St. Louis metropolitan area. The property features a highly desirable unit mix of one, two, and three-bedroom floor plans ranging from approximately 650 to 1,250 square feet, appealing to a broad and stable renter base. A portion of the units have been upgraded with modern finishes, including granite countertops, stainless steel appliances, and in-unit washer/dryers, enhancing rental appeal and supporting premium rents.

The asset is exceptionally well-located within the top-ranked Kirkwood R-VII School District and offers walkable access to downtown Kirkwood, a vibrant retail and dining destination that continues to drive renter demand. Recent interior renovations completed by current ownership establish a clear runway for additional value creation through continued unit upgrades, operational efficiencies, and mark-to-market rent growth. Kirkwood Forest represents a rare opportunity to acquire a stabilized, garden-style apartment community in a high-barrier submarket with limited new supply, consistent tenant demand, and long-term rent growth fundamentals.