Whispering Heights 1010 Enclave Boulevard
Edwardsville, IL 62025
For Sale
118,944 sqft
Sale Price
Contact Broker For Pricing
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Multifamily For Sale - Available Immediately
153 Unit, 2020 Vintage Multifamily Opportunity in High-Demand Edwardsville, IL Market | St. Louis MSA
Stabilized multifamily asset in Edwardsville, Illinois, a premier St. Louis Metro East submarket characterized by strong demographics, including a one-mile $106,084 average household income and a one-mile average home value of $370,484, supporting consistent renter demand and long‑term market stability.
Close proximity to major employment drivers including Southern Illinois University Edwardsville (SIUE), regional healthcare systems, and a diverse base of employers throughout Madison County and the greater St. Louis MSA, supporting steady occupancy.
Historically limited new multifamily supply in Edwardsville due to zoning constraints and land scarcity, helping preserve occupancy levels and support ongoing rent growth for existing assets.
Unit layouts appeal to a diverse renter base including SIUE students and faculty, young professionals, and downsizing households, supporting consistent leasing demand and tenant diversification.
Demonstrated stable historical occupancy, currently 91.5%, and reliable rent collections, providing a solid foundation of in‑place cash flow.
Whispering Heights is conveniently located near several major regional highways, including I-64, I-55, and I-255, providing efficient access throughout the Metro East and direct connectivity to downtown St. Louis, Scott Air Force Base, and key employment and education centers across the greater St. Louis MSA.
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Matt Bukhshtaber
CBRE, as exclusive marketing advisor, is pleased to present Whispering Heights Apartments (the "Property"), a well-located multifamily community situated in Edwardsville, Illinois, within the St. Louis MSA. The Property features a mid-rise layout with a balanced mix of apartment homes designed to appeal to a broad renter profile, offering a suburban residential setting with convenient access to employment, education, and retail amenities. All units feature elegant interiors with upscale finishes, delivering a refined and luxurious living experience.
The community is enhanced by amenities including ample parking, green space, and on-site management and maintenance. Whispering Heights' steady occupancy profile positions the Property as a workforce and mid-market housing option within one of the Metro East's most desirable municipalities.
With its attractive location, stable operating fundamentals, and opportunity to further enhance interiors and amenities, Whispering Heights Apartments represents a compelling opportunity to acquire a well-positioned multifamily asset with both current income and long-term upside.
The community is enhanced by amenities including ample parking, green space, and on-site management and maintenance. Whispering Heights' steady occupancy profile positions the Property as a workforce and mid-market housing option within one of the Metro East's most desirable municipalities.
With its attractive location, stable operating fundamentals, and opportunity to further enhance interiors and amenities, Whispering Heights Apartments represents a compelling opportunity to acquire a well-positioned multifamily asset with both current income and long-term upside.
Strategically located in Edwardsville, the Property benefits from proximity to I-270 and Route 159, allowing residents quick access to Downtown St. Louis, major regional employment centers, and surrounding retail corridors. Edwardsville is also home to Southern Illinois University Edwardsville (SIUE), a key demand driver providing long-term rental stability. The area is recognized for its strong demographics, high quality of life, and highly regarded school systems, reinforcing consistent renter demand and future rent growth potential.
Total Space Available
118,944 sqft
Sale Price
Contact Broker For Pricing
Get in touch
Matt Bukhshtaber