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Olive Pointe Apartments 1100 Indian Circle Dr 64 Unit Apartment Building For Sale Olivette, MO 63132
Investment Highlights
- Value-add opportunity through continued units upgrades allowing rent upside for new ownership
- Strong Value-Add Potential: Many units feature updated finishes, while remaining units allow new ownership to continue renovations and push rents
- Olive Pointe Apartments benefits from a long-standing operational history and steady performance within a supply-constrained submarket
- Top-Tier School District: Located within the highly acclaimed Ladue School District, ranked #1 in Missouri and #6 nationwide by Niche 2025
- Desirable Mid-County Location: Centrally positioned in Olivette with immediate access to I-170
- Situated in the affluent Olivette neighborhood with a 1-mile average household income of $162,620 and an average home value of $447,235
Executive Summary
CBRE, as exclusive marketing advisor, is pleased to present Olive Pointe Apartments (the “Property”), a 64-unit, garden-style community located in Olivette, Missouri, St. Louis MSA. Constructed in 1960, and renovated in 2022, the Property offers one, two and three-bedroom units ranging from 658 to 1,100 sq. ft., with many featuring updated finishes such as vinyl plank flooring, stainless steel appliances, and in-suite washers and dryers.
The community includes desirable features such as outdoor green spaces and courtyard, grill and picnic area, ample parking, laundry care center, and on-site maintenance and management.
Strategically positioned in the heart of Olivette, the Property benefits from immediate access to I-170, placing residents minutes from the Delmar Loop, Forest Park, Downtown St. Louis, and major institutions including Washington University, SLU, and UMSL. Its location within the top-rated Ladue School District further enhances long-term renter demand and income stability. The surrounding Mid-County submarket continues to see strong residential and commercial activity, reinforcing the Property’s competitive standing and future rent potential. With its central location, proven performance, and clear runway for interior value-enhancement, Olive Pointe Apartments represents a compelling opportunity to acquire a well-maintained asset with significant long-term upside.
Olive Pointe Apartments is being offered on a free and clear basis. A call for offers date will be announced during marketing.
The community includes desirable features such as outdoor green spaces and courtyard, grill and picnic area, ample parking, laundry care center, and on-site maintenance and management.
Strategically positioned in the heart of Olivette, the Property benefits from immediate access to I-170, placing residents minutes from the Delmar Loop, Forest Park, Downtown St. Louis, and major institutions including Washington University, SLU, and UMSL. Its location within the top-rated Ladue School District further enhances long-term renter demand and income stability. The surrounding Mid-County submarket continues to see strong residential and commercial activity, reinforcing the Property’s competitive standing and future rent potential. With its central location, proven performance, and clear runway for interior value-enhancement, Olive Pointe Apartments represents a compelling opportunity to acquire a well-maintained asset with significant long-term upside.
Olive Pointe Apartments is being offered on a free and clear basis. A call for offers date will be announced during marketing.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Sale Type | Investment | Building Size | 58,368 SF |
| No. Units | 64 | Average Occupancy | 91% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1959 |
| Apartment Style | Garden | Parking Ratio | 1.71/1,000 SF |
| Building Class | C | Opportunity Zone |
Yes
|
| Lot Size | 3.22 AC | ||
| Zoning | 42COR | ||
| Sale Type | Investment |
| No. Units | 64 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 3.22 AC |
| Building Size | 58,368 SF |
| Average Occupancy | 91% |
| No. Stories | 2 |
| Year Built | 1959 |
| Parking Ratio | 1.71/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | 42COR |
Amenities
Unit Amenities
- Air Conditioning
- Washer/Dryer
- Washer/Dryer Hookup
- Heating
- Kitchen
- Walk-In Closets
Site Amenities
- 24 Hour Access
- Controlled Access
- Playground
- Tenant Controlled HVAC
- Gameroom
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | 658 - 660 |
| 2+1 | 40 | - | 923 - 960 |
| 3+2 | 16 | - | 1,100 |
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Property Taxes
| Parcel Number | 17L-43-0279 | Improvements Assessment | $526,220 CAD |
| Land Assessment | $665,021 CAD | Total Assessment | $1,191,240 CAD |
Property Taxes
Parcel Number
17L-43-0279
Land Assessment
$665,021 CAD
Improvements Assessment
$526,220 CAD
Total Assessment
$1,191,240 CAD
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Olive Pointe Apartments | 1100 Indian Circle Dr
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