$1,100,000

Maplewood Apartment Complex | 10 Units | 2106 Bellevue Avenue, St. Louis, MO 63143 Manor Real Estate is pleased to present the Maplewood Apartment Complex, a rare 10-unit multifamily value-add investment at 2106 Bellevue Avenue in Maplewood, Missouri. Offered at $1,100,000 ($110,000 per unit), the property gives investors a well-maintained masonry building in one of St. Louis County’s most desirable inner-ring communities, with a clear opportunity to grow income. Built in 1966, the two-story building contains approximately 7,437 square feet on a 7,841-square-foot parcel with 55 feet of frontage on Bellevue Avenue. Every unit is a one-bedroom, one-bath apartment, a consistently in-demand floor plan with broad renter appeal and efficient turnover. The property is zoned LR – Limited Residential District and is currently 60% occupied. The building previously operated under a HUD Section 8 contract, which expired on July 31, 2026. With the contract behind it, a new owner can lease the remaining vacancies, reposition the units, and bring rents in line with the surrounding Maplewood market ($1,000 - $1,200/month for comparable units directly across the street). The property suits a value-add investor looking to stabilize and grow cash flow. Much of the major capital work is already done. A new roof and gutters were installed in 2022, and a drain tile system with sump pump was added in 2026. That addresses two of the most significant concerns for an older masonry building. The building is all-electric, which streamlines building systems and maintenance. A six-car parking lot at the rear is an uncommon amenity for a property of this size in Maplewood, and building signage adds visibility. Maplewood is known for its established, walkable residential neighborhoods and a thriving business district along Manchester Road, lined with local restaurants, shops, and entertainment. Residents enjoy quick access to I-44 and I-64, with Brentwood, Clayton, and Downtown St. Louis just minutes away. That location drives steady rental demand. Properties of this size rarely come to market in Maplewood.