Listed by CBRE - Saint Louis
Unpriced
Olive Pointe Apartments
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 58,368
Net Rentable (SqFt) 58,368
Units 93
Occupancy 90.5%
Year Built 1960
Buildings 8
Stories 2
Acreage 3.219
Parking Spaces 130 spaces
Parking Per SqFt 2.23
Investment Type Value Add
64-Unit Value-Add in Prime Olivette, MO | Top-Rated Ladue Schools | St. Louis MSA | Olive Pointe
Investment highlights
- Established 64-unit multifamily property located in Olivette, Missouri
- Value-add opportunity through continued units upgrades allowing rent upside for new ownership
- Top‑Tier School District: Located within the highly acclaimed Ladue School District, ranked #1 in Missouri and #6 nationwide by Niche’s 2025 Best School Districts
- Well-maintained 1960 vintage brick construction
- Strong Value‑Add Potential: Many units already feature updated finishes, while remaining classic units allow new ownership to continue renovations and push future rents
- Updated Unit Features: Renovated units include vinyl plank flooring, stainless steel appliances
- Desirable Mid‑County Location: Centrally positioned in Olivette with immediate access to I‑170, placing residents minutes from the Delmar Loop, Forest Park, Downtown St. Louis, and top local employers
- Attractive Community Amenities: Outdoor green space, courtyard, grill and picnic areas, monthly resident events, on‑site management, and a laundry care center enhance long‑term tenant retention
- Proximity to Major Universities: Minutes from Washington University, SLU, and UMSL, strengthening renter demand from students, faculty, medical professionals, and staff
- Situated in the affluent Olivette neighborhood with a 1‑mile average household income of $162,620 and an average home value of $447,235, supporting strong rental fundamentals and premium pricing
- Olive Pointe Apartments benefits from a long-standing operational history and steady performance within a supply‑constrained submarket
- Offered free and clear of encumbrances and below replacement cost
Listing Contacts
Listed by CBRE - Saint Louis
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