Oakview Apartments 1014-1038 Oakview Place, St. Louis, MO, USA
St. Louis, MO 63110
For Sale
23,400 sqft
Sale Price
$4,650,000
Property Website
Map
Multifamily For Sale - Available Immediately
36 Unit Value-Add Multifamily Opportunity near Forest Park /Dogtown (St. Louis MSA)
Prime location just south of Forest Park, which is known as the “Heart of St. Louis”. Near historic Dogtown neighborhood well-known for its history, culture, and annual St. Patrick’s Day Parade.
100% occupied all one bedroom + one bathroom floor plans
All 36 units have in-unit washers & dryers & hardwood floors. 31 units feature updated kitchens w/ quartz countertops, subway tile backsplash, and stainless-steel appliances
Five units feature kitchens with classic finishes, allowing future ownership to add value through additional upgrades.
Below market rents - $190/month per unit in avg. rent upside
Off-street parking lot, opportunity for new ownership to charge for parking for additional revenue
Get in touch
Matt Bukhshtaber
Kenin Halilovic
Mark Bukhshtaber
CBRE is pleased to offer for sale Oakview Apartments, a 36-unit value-add multifamily community situated in a thriving area of St. Louis’s Central Corridor.
The property consists of three all-brick buildings featuring 36 one-bedroom, one-bathroom units with a strong occupancy rate of 100%. Unit features include in-unit washers and dryers, hardwood floors, updated kitchens with quartz countertops and stainless-steel appliances, as well as rear balconies. Residents can enjoy off-street parking in the parking lot behind in the rear of the buildings.
Oakview Apartments is ideally located just minutes from Forest Park, home to expansive green spaces and the St. Louis Zoo. Its proximity to Washington University (WashU) ensures a steady influx of students, faculty, and staff, driving demand for rental properties. The vibrant Dogtown neighborhood, known for its lively atmosphere and local eateries, adds to the area’s appeal. Downtown Clayton, with its bustling business district and upscale shopping and dining, is also just a short drive away. Additionally, the property is conveniently located near major hospitals and employers in the Central West End, such as BJC Healthcare, attracting healthcare professionals and other workers.
Current rents are below market rates, providing immediate upside potential for future ownership through rental increases. Furthermore, 5 units have not been updated with new kitchens, presenting additional opportunities for value enhancement. The property is being offered free-and-clear, allowing buyers the flexibility to secure new financing.
The property consists of three all-brick buildings featuring 36 one-bedroom, one-bathroom units with a strong occupancy rate of 100%. Unit features include in-unit washers and dryers, hardwood floors, updated kitchens with quartz countertops and stainless-steel appliances, as well as rear balconies. Residents can enjoy off-street parking in the parking lot behind in the rear of the buildings.
Oakview Apartments is ideally located just minutes from Forest Park, home to expansive green spaces and the St. Louis Zoo. Its proximity to Washington University (WashU) ensures a steady influx of students, faculty, and staff, driving demand for rental properties. The vibrant Dogtown neighborhood, known for its lively atmosphere and local eateries, adds to the area’s appeal. Downtown Clayton, with its bustling business district and upscale shopping and dining, is also just a short drive away. Additionally, the property is conveniently located near major hospitals and employers in the Central West End, such as BJC Healthcare, attracting healthcare professionals and other workers.
Current rents are below market rates, providing immediate upside potential for future ownership through rental increases. Furthermore, 5 units have not been updated with new kitchens, presenting additional opportunities for value enhancement. The property is being offered free-and-clear, allowing buyers the flexibility to secure new financing.
Situated in the heart of the St. Louis metropolitan area, Dogtown is a historic district encompassing the neighborhoods of Clayton-Tamm, Franz Park, Hi-Pointe, Cheltenham, and the eastern portion of Ellendale.
The name “Dogtown” dates back to the mid-19th century, when the area was a small but active clay and coal mining community. Miners coined the term to describe the cluster of modest shelters surrounding the mines—often referred to as “doghouses.” This terminology was not unique to St. Louis; similar mining communities across the United States adopted the name “Dogtown” during that era. Although the mining industry declined by the 1930s, its legacy remains visible in the neighborhood’s enduring use of clay and brick materials.
From the 1850s through the 1940s, Dogtown was home to a significant Irish immigrant population, whose cultural influence continues to shape the neighborhood’s identity. Today, Dogtown proudly celebrates its Irish heritage with an annual St. Patrick’s Day parade, attracting thousands of visitors each year to partake in the festivities
The name “Dogtown” dates back to the mid-19th century, when the area was a small but active clay and coal mining community. Miners coined the term to describe the cluster of modest shelters surrounding the mines—often referred to as “doghouses.” This terminology was not unique to St. Louis; similar mining communities across the United States adopted the name “Dogtown” during that era. Although the mining industry declined by the 1930s, its legacy remains visible in the neighborhood’s enduring use of clay and brick materials.
From the 1850s through the 1940s, Dogtown was home to a significant Irish immigrant population, whose cultural influence continues to shape the neighborhood’s identity. Today, Dogtown proudly celebrates its Irish heritage with an annual St. Patrick’s Day parade, attracting thousands of visitors each year to partake in the festivities
Total Space Available
23,400 sqft
Sale Price
$4,650,000
Get in touch
Matt Bukhshtaber
Kenin Halilovic
Mark Bukhshtaber