USAMOSt LouisCity/st Louis8404 Halls Ferry Road

8404 Halls Ferry Road, St Louis, MO

Name: 8404 Halls Ferry Road, For Sale in St Louis - Zoocasa
Brand: Manor Real Estate
SKU: 26051955
Price: 1999000 USD

House

For Sale

Listed price in listed location currency (USD).

$1,999,000

000

MLS® 26051955

Overview

Key Facts

Type

Levels Commercial Sale

Size -

Garage

Taxes $8,755

Days Active 0

Lot Size 1.316 Acres

Approx. Age 1964

MLS® Number 26051955

Property Address: 8404 Halls Ferry Road, St Louis, MO, 63147

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

Description

Sandalwood Apartments is a 42-unit, garden-style multifamily community at 8404 Halls Ferry Road in the established Baden neighborhood of north St. Louis City. Built in 1964, the asset comprises five brick buildings on a 1.316-acre site with 25 surface parking spaces, offering an all one-bedroom/one-bathroom unit mix that appeals to the area's steady renter base. Occupancy recovery - The offering represents a compelling occupancy-recovery story. Following a January 2025 fire and a substantial redevelopment of the affected units, the property has returned to stabilized performance: the June 2026 tenant roster documents 40 of 42 units leased - 95.2% occupancy - at in-place rents of $700 to $750 per month. That recovery reverses the 2022-2024 downtrend and re-establishes durable in-place cash flow, with in-place rents sitting at or slightly above the Baden submarket asking benchmark. At the proposed list price of $1, 999, 000, or $47, 595 per unit, Sandalwood delivers an 11.08% in-place cap rate on a stabilized net operating income of $221, 319 and a gross rent multiplier of 5.72x. The per-unit basis sits within the confirmed non-distressed comparable range of $30, 952 to $66, 500 in the submarket - below the recent high - and is supported by the property's restored occupancy and demonstrated cash flow rather than a speculative turnaround. The Baden location offers strong fundamentals: frontage on Halls Ferry Road carries 18, 787 vehicles per day on a primary north St. Louis City corridor, with roughly 15 minutes to Lambert International Airport and convenient access to regional commuter rail. Zoning is F - Neighborhood Commercial. Sandalwood is well-positioned for stabilized-income buyers, portfolio acquirers, and 1031 exchange investors seeking cash-flowing multifamily in the St. Louis market. The property is offered on an all-cash, 1031 exchange, or portfolio basis, providing acquisition flexibility across a range of buyer profiles.

MLS® Number26051955

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1964

Basement

Driveway

Garage Spaces

Heat

A/C

Extras

Map

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