3717 Westminster PL, St Louis, MO 63108
3717 Westminster PL, St Louis, MO 63108
3717 Westminster PL, St Louis, MO 63108
17
See all 17 photos
$1,895,000
Est. payment /mo
Save
10,870 SqFt
Active

3717 Westminster PL St Louis, MO 63108

Save
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Kristen Kish

Kristen Kish

+1(314) 578-4698

UPDATED:

Key Details

Property Type Multi-Family

Sub Type 5 Family or More

Listing Status Active

Purchase Type For Sale

Square Footage 10,870 sqft

Price per Sqft $174

Subdivision Cb 3926

MLS Listing ID 26066527

Style Historic,Mid-Rise 3or4 Story,Victorian

Year Built 1896

Annual Tax Amount $17,023

Lot Size 0.344 Acres

Acres 0.3444

Property Sub-Type 5 Family or More

Property Description

3717 Westminster Place presents an opportunity to acquire a 17unit multifamily property offering strong in-place cash flow with additional upside in one of St. Louis' most active urban corridors. The property is being offered at a 7.16% in-place cap rate with an 8.36% proforma cap rate, providing investors attractive current returns with the opportunity to further grow NOI. The property was fully redeveloped in 2008 and then underwent further updates in 2022/2023.
Ideally positioned just minutes from Saint Louis University and City Foundry STL, the property benefits from proximity to some of the city's largest education, employment, medical, dining, and entertainment destinations. Nearby anchors include Cortex Innovation Community, Washington University Medical Campus, Barnes-Jewish Hospital, and the Armory.
With 17 units, strong in-place returns, additional rental upside, and a location near SLU and City Foundry, 3717 Westminster Place offers investors an opportunity to acquire meaningful scale in a well-established St. Louis rental corridor.

Location

State MO

County St Louis City

Area 2 - Central East

Rooms

Basement 9 ft + Pour

Interior

Heating Forced Air

Cooling Central Air

Fireplace N

Appliance Stainless Steel Appliance(s)

Exterior

Parking Features false

View Y/N No

Building

Structure Type Brick

Schools

Elementary Schools Buder Elem.

Middle Schools Blewett Middle

High Schools Sumner High

School District St. Louis City

Others

Acceptable Financing Cash, Contract

Listing Terms Cash, Contract

Special Listing Condition Standard

Listed by Timothy McCarthy • Salient Realty Group, LLC

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION

Kristen Kish

Kristen Kish

Agent License ID: 2022049831

+1(314) 578-4698

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from Kristen Kish, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Go tour this home

3717 Westminster PL