Link Copied
Listed price in listed location currency (USD).
$6,900,000

000

MLS® 26023533

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Commercial Sale
Size -
Garage 
Taxes $81,755
Days Active 12
Lot Size 
Approx. Age 1972
MLS® Number 26023533

Property Address: 7736 Springdale Dr, Normandy, MO, 63121-2167

Average square foot calculated using Size range provided by listing agent.

Description

Positioned in a high-demand rental corridor, 7736 Springdale Drive presents a compelling investment opportunity in the heart of North St. Louis County. Situated on 3.27 acres, this 69-unit apartment community spans 8 well-maintained buildings and is offered at $6, 900, 000, delivering an attractive 6.46% cap rate supported by strong in-place cash flow and consistently low vacancy. The property features an excellent unit mix of 14 two-bedroom, 1.5-bath units, 39 two-bedroom, one-bath units, and 14 one-bedroom, one-bath units, appealing to a broad tenant base. Ideally located just minutes from University of Missouri–St. Louis (UMSL), the asset benefits from steady rental demand driven by students, faculty, and the surrounding workforce. Its proximity to NorthPark, along with major employers such as Express Scripts and Boeing Defense, Space & Security, further enhances tenant stability and long-term occupancy. Many units have been thoughtfully updated, along with key improvements to major systems and appliances, minimizing near-term capital expenditures and supporting operational efficiency. The property is professionally managed with experienced on-site management currently in place, and ownership is willing to facilitate a seamless transition by retaining the existing team, providing operational continuity and reducing lease-up or management risk for a new owner. With market-aligned rents and additional upside potential, this stabilized asset offers investors a turnkey opportunity to acquire a well-located, income-producing property in a proven and growing rental market.
MLS® Number26023533
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1972
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Apr 24, 2026List Date
$6,900,000List Price
  • Commute

Commute

Starting Address
Destination Address
7736 Springdale Dr, Normandy, MO

Like what you see?

Complete the form and we'll be in touch. No login necessary.

Add a Comment
Loading...

Similar Listings

Comparable Properties