Riverview Apartments 8612 Halls Ferry Rd 42 Unit Apartment Building $2,093,879 CAD ($49,854 CAD/Unit) 9.53% Cap Rate Saint Louis, MO 63147

Positioned in the revitalizing Baden neighborhood of North St. Louis City, 8612 Halls Ferry Road presents a compelling opportunity to acquire a stabilized 42-unit multifamily asset with strong in-place income and significant capital improvements. Built in 1925, this mid-rise brick building spans nearly 40,000 square feet and has undergone over $580,000 in renovations between 2022 and 2025. Upgrades include new elevator machinery, interior unit enhancements across 40 units, updated appliances, CCTV security systems, tuckpointing, and modern lighting.
The property is professionally managed and currently generates a trailing 12-month income of $212,000, with a net operating income of $143,000. With 38 one-bedroom units and 4 two-bedroom units, the asset offers a balanced unit mix ideal for workforce housing. Located within the St. Louis City school district and minutes from Riverview Boulevard, the site benefits from proximity to public transit, retail corridors, and employment centers. Investors will appreciate the upside potential through continued rent growth in an improving submarket. Financials and rent roll are available upon request.