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8404 Halls Ferry Road

Saint Louis, MO 63147
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Bed 0

Bed

Bath 0

Bath

SqFt15,800

Sqft

Acres1.32

Acres(Lot)

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.

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Detail Ic Property Details

Property Type : Residential Income

Price : $1,999,000

AD Id : 89508058

MLS Id : MIS26052146

Lot Size : 1.32 Acres

Living Area Size : 15,800

Year Built : 1964

County : Saint Louis City

Subdivision: Cityst Louis

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Feature Features

  • Flooring Information

    Construction Materials: Brick
  • Heating & Cooling

    Cooling: Other

  • Building Information

    Year Built: 1964

  • Lot Information

    Lot Square Feet: 57324.96 Lot Acres: 1.316

    Property Information

    Property Type: Residential Income Sub Type: 5 Family or More Style: Other

  • Listing Price Information

    Original List Price:$1999000

  • Tax Information

    Annual Tax: $8755 Tax Year: 2025 Parcel Number: 4281-00-0165-0

  • School Information

    Elementary School: Earl Nance Sr. Elem. Junior High School: Fanning Middle Community Ed. Senior High School: Beaumont Cte High School
  • Location Information

    Subdivision: City/St Louis City: St Louis Direction: GPS
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
8526 Lowell, Saint Louis, MO, 63147 $70,000 2 1 912 912 SqFt
815 Portland Terrace, Saint Louis, MO, 63147 $40,000 2 1 936 936 SqFt
818 Wall Street, Saint Louis, MO, 63147 $65,000 2 2 --
8447 Concord Place, Saint Louis, MO, 63147 $62,500 2 1 768 768 SqFt
8455 Concord Place, Saint Louis, MO, 63147 $50,000 2 1 768 768 SqFt
854 Canaan Avenue, Saint Louis, MO, 63147 $75,000 8 1 1,033 1,033 SqFt
8425 Halls Ferry Road, Saint Louis, MO, 63147 $120,000 5 2 946 946 SqFt
1001 Wall Street, Saint Louis, MO, 63147 $35,000 2 1 1,014 1,014 SqFt
1040 Sells Avenue, Saint Louis, MO, 63147 $50,000 1 1 832 832 SqFt
1039 Wall Street, Saint Louis, MO, 63147 $55,000 2 1 864 864 SqFt
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ByOwner last updated this listing 08/17/2026 @ 06:20

MLS: MARIS2 #26052146 LISTED BY: Ben Cherry, Manor Real Estate 314-647-6611 SOURCE: MARIS MLS (Listings courtesy of MARIS MLS as distributed by MLS GRID)

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