315 Lofts
Cash Flowing Downtown STL Loft Property with Value-Add Upside
Marketing description
Located in the heart of downtown St. Louis, 315 N. 10th Street (315 Lofts) presents a compelling value-add multifamily investment opportunity with immediate upside through rent stabilization, operational improvements, and potential short-term rental positioning.
This 20-unit loft-style apartment building features a desirable mix of spacious 1-bedroom and 2-bedroom units, with strong in-place occupancy and clear potential to increase rents to market levels. Based on current rent roll versus target rents, the property offers approximately $54,000 in annual upside to both revenue and NOI upon stabilization.
The property benefits from a highly walkable downtown location just steps from Washington Avenue and within a short walk to the Saint Louis University School of Law and multiple courthouse complexes, including the Old Courthouse and federal and civil courts. This proximity supports consistent demand from law students, attorneys, and government professionals.
Additionally, the property’s layout, unit sizes, and location make it well-suited for short-term rental (STR) or hybrid leasing strategies, offering investors the ability to further enhance revenue depending on local regulations and management approach.
The opportunity becomes even more attractive when combined with the adjacent Bell Lofts (24 units) and the parking lot at 1001 Olive Street, allowing investors to acquire a scaled downtown portfolio with operational efficiencies and diversified income streams.
Offered at a discounted portfolio price of $5,250,000, this is a rare opportunity to acquire scale, in-place cash flow, and significant upside in one of St. Louis’ most active and evolving submarkets.
Investment highlights
$54,000 NOI Upside Through Rent Stabilization
Clear path to target rents resulting in an additional $54,000 NOI upside
Approximately $54,000 annual upside in revenue and NOI
Significant mark-to-market opportunity through lease turnover
Short-Term Rental / Hybrid Leasing Potential
Unit sizes and layout conducive to STR or mid-term rental strategy
Downtown location supports demand from:
Business travelers
Legal professionals
Visitors and extended-stay tenants
Opportunity to further increase revenue beyond traditional leasing (subject to local regulations)
Strategic Location Driving Tenant Demand
Walkable to:
SLU Law School (Scott Hall)
Multiple courthouse complexes
Built-in renter base of:
Law students
Attorneys & legal staff
Government employees
Attractive In-Place Cash Flow
Stabilized operations with consistent income history
Immediate yield with upside through improved management
Portfolio Scale Opportunity
Includes:
315 Lofts (20 units)
Bell Lofts (24 units)
1001 Olive Parking Lot
Total: 44 units + parking income
Economies of scale across assets
Discounted Portfolio Pricing
Offered at $5,250,000
Opportunity to acquire below stabilized value
Value creation through execution—not speculation
Additional Income Streams
Parking lot provides separate, scalable revenue
Potential to increase parking income or reposition long-term
Desirable Unit Mix
Mix of 1BR and 2BR loft-style units
Larger layouts outperform typical downtown inventory
Supports both long-term and short-term rental strategies
Listing Contacts
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