Listed price in listed location currency (USD).
$2,000,000

0040

MLS® 26045194

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Residential Income
Size 23744 sqft
Garage 
Taxes $29,292
Days Active 1
Lot Size 1.07 Acres
Approx. Age 1965
Avg. Price Per Sqft $84
MLS® Number 26045194

Property Address: 245 Chambers Rd, Saint Louis, MO, 63137-3957

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

Description

Welcome to Chevelle Apartments! Exceptional opportunity to acquire a well-maintained 32-unit apartment community comprised of eight (8) four-family brick buildings on approximately 1.07 acres. The property is currently 28 of 32 units occupied, with ownership actively leasing the remaining vacancies. Based on the current asking price and the reported 2025 Net Operating Income of $165, 953, the property offers an approximate 8.3% CAP rate. Units rent for $850/month. The complex consists of spacious 2-bedroom, 1-bath units, with the majority featuring beautiful hardwood floors or luxury vinyl plank flooring. Plumbing has been updated, and the owner has continually invested in the property's mechanical systems over the years, resulting in a well-maintained asset with strong long-term ownership. Residents enjoy coin-operated laundry facilities conveniently located on-site, as well as an on-site management office with a restroom located in the lower level of one of the buildings. The parking lot and retaining walls are in excellent condition, reflecting the pride of ownership throughout the property. The community maintains a no-pets policy, has predominantly non-smoking residents, and offers a clean, professionally managed environment. Units include ranges and refrigerators; dishwashers are not installed, helping minimize maintenance and replacement costs. **No owner financing available.** **Do not disturb tenants.** Showings are by appointment only with the listing agent after proof of funds or lender pre-approval.
MLS® Number26045194
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1965
BasementFull, Interior Entry, Storage Space, Unfinished
DrivewayAsphalt, Common
Garage Spaces
HeatForced Air, Natural Gas
A/CCentral Air, Electric, Separate Meters

Extras

Other - Contact Agent

Price History

-End Date
Not Sold YetSold Price

For Sale

Jul 15, 2026List Date
$2,000,000List Price
  • Commute

Commute

Starting Address
Destination Address
245 Chambers Rd, Saint Louis, MO

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