909-923 Geyer Ave. is a 28-unit value-add multifamily property situated in the historic Soulard neighborhood. The property offers an investor the rare opportunity to acquire a large apartment building in an extremely high-barrier-to-entry submarket with a proven operating performance and tremendous upside potential. The property enjoys a strong occupancy rate, offering an investor the opportunity to acquire a well-performing asset in a historic area of St. Louis. Built in 1885 and extensively renovated in 2023, the Property features studio, 1, 2, and 3-bedroom floor plans, off-street parking, and on-site laundry facilities. INVESTMENT HIGHLIGHTS • Turnkey Property: Recent significant capital expenditures (capex) minimize immediate maintenance concerns and maximize potential returns. • Extensive Renovations: Unit interiors, roofs, HVAC systems, brickwork (tuckpointing), landscaping, and outdoor amenities (dog park, outdoor lighting, decks) have all been recently upgraded. • Unit Renovations: Include all-new flooring, updated kitchens & bathrooms, new light fixtures, fresh paint, and in-unit laundry (most units). • High-Quality Improvements: Newly painted decks and window trim contribute to curb appeal and property value. • Value-Add Potential: Opportunity to further increase rents and property value through strategic management and additional enhancements.

Listing courtesy of CBRE


Based on information submitted to the MLS GRID as of 2025-12-07 06:25 AM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.