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.
34503275
34503237

807 Clara Avenue, St. Louis, MO 63112 For Sale

MM
MO 2024031548
Salient Realty Group
GL
MO 2015014613
Salient Realty Group
Salient Realty Group, LLC
Listed by Salient Realty Group, Salient Realty Group, LLC
$1,595,000
1 day on market
Updated 1 day ago

Clara Heights Apartments

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 26,252
Units 24
Occupancy 83%
Tenancy Multi
Pro-Forma Cap Rate 9.56%
Pro-Forma NOI $152,430
Price per SqFt $61
Class C
Year Built 1928
Year Renovated 2026
Buildings 1
Stories 3
Investment Type Value Add

FOR SALE | 24 Unit Apartment Building w/ $1m in CapEx Recently Invested

Marketing description

807 Clara Avenue presents the opportunity to acquire a well-maintained multifamily asset in the City of St. Louis. The property features a classic brick exterior with strong curb appeal, spacious unit layouts, and a proven rental history, making it an attractive investment for both local and out-of-market buyers. Situated on a sizable lot with ample street parking and convenient access to major highways, the property benefits from strong connectivity to Downtown St. Louis, employment centers, educational institutions, and neighborhood amenities.

Investors will appreciate the property's durable construction, operational stability, and potential for continued income growth through strategic management and future rent optimization. The surrounding area continues to experience public and private investment, creating long-term upside while providing residents with convenient access to shopping, dining, public transportation, and recreational opportunities.

Investment highlights

  • 24 Units - Near Forest Park, Delmar Loop, CWE and Washington University
  • $1M of CapEx Recently Completed
  • All Units Updated
  • Below market rents with upside

Listing Contacts

MM
MO 2024031548
Salient Realty Group
GL
MO 2015014613
Salient Realty Group
Salient Realty Group, LLC
Listed by Salient Realty Group, Salient Realty Group, LLC

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
$--
$--

Valuation Metrics

0
DSCR
--
Cap Rate
--
ROI

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Matthew Millslagle
License
2024031548
Brokerage Phone
3142005352
*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