5437 Page Boulevard, St Louis, MO 63112

• 15,444 sqft

Property Description

This is a rare opportunity to acquire a 12-unit multifamily property in one of St. Louis’ most desirable rental corridors, ideally located .9 miles from The Loop, 1.4 miles from Forest Park, 1.9 miles from Washington University, and 2.2 miles from Barnes Hospital. The asset consists of 4 three-family buildings featuring spacious 900-square-foot three-bedroom units, totaling 36 bedrooms. Recent capital improvements include updated HVAC systems, electrical and plumbing upgrades, new flooring, appliances, doors, windows, fresh interior paint, and refreshed common areas, with the added benefit of off-street parking for tenants. The property presents a clear value-add opportunity, as current rents remain below market levels. Rental data within a three-mile radius shows average market rents for three-bedroom units at approximately $2,230 per month, with an average of $1.83 per square foot, while Section 8 rents range from $1,570 to $1,670 per month. There is currently one unit vacant, with current rents ranging from $848-$1,100 a month. The property is listed at $77,250 per unit, there are 5 updated multi family sales comparables nearby with an average price per foot of $139, and an average price per unit of $163,178. The one vacant unit needs a unit turnover to be rentable.

Listing Status:

Active

Date Added:

February 28, 2026

Data Last Updated:

April 3, 2026 at 8:16PM

Listing Office:

Invest St. Louis : 314-325-6201

MLS ID:

26011160

Interior

• Basement: Walk-Out Access
• A/C: Central Air
• Heating: Forced Air

Exterior

• Style: Traditional

Construction

• Roofing: Flat
• General: BrickThree Or More

Location

• Road/Access: City Street
• Originating MLS: maris2
• School District: St. Louis City
• County: St Louis City

Lot

• Zoning: 3801-04-0190-0

Utilities

• Utilities: Electricity ConnectedNatural Gas ConnectedSewer ConnectedAmeren
• Water: Public

Financial

• Source: maris2
• Ownership: Private