Active

2111 Bellevue Avenue

Maplewood, MO 63143

$6,900,000 $29,090/Mo

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Overview

Bed

Bath

14,921

Sqft

0.95

Acre(Lot)

Description

Bellevue Heights is a rare value-add opportunity at scale, sixty one-bedroom units across two solid 1972 buildings on a single 1.9-acre parcel in the heart of Maplewood. The heavy lifting is already underway. Thirty-six of the sixty units are renovated, thirteen lease-ready with final inspections passed and the balance being finished by the seller before closing, while the twenty-four classic units remain fully occupied, so the buyer inherits a scoped finish-and-fill business plan rather than an open-ended construction project. The renovated units live like new construction, with bright, open kitchen-and-living layouts, wide wood-look plank flooring, crisp white shaker cabinetry, stone-look counters, and full stainless steel appliance packages including refrigerator, range, dishwasher, and microwave, paired with clean modern baths and generous natural light throughout, and they are proven at $945 per month. Offered at $6,900,000, or $115,000 per unit, reflecting a 7.70% cap rate on the fully-rented roll underwritten to actual expenses, with $531,174 of net operating income. And the setting only strengthens the story. Maplewood is one of the most beloved and walkable neighborhoods in St. Louis, and the property sits just a block from the Manchester Road and Sutton Boulevard district, the first Green Dining District in the nation, lined with independent restaurants, coffee houses, boutiques, and a Saturday farmers market, with Schlafly Bottleworks and world-ranked Side Project Brewing around the corner. It is central to everything that drives St. Louis rental demand, minutes from the Clayton business district, Forest Park and The Muny, Washington University, and the BJC and Cortex medical-research corridor, with the Maplewood-Manchester MetroLink station and Highway 44 access close at hand, and top-rated Maplewood-Richmond Heights schools adding a genuine ten-out-of-ten demand driver. Offering Memorandum available. Shown by appointment.

Property Details

Property Type : Residential Income

Price : $6,900,000

AD Id : 89135352

MLS Id : MIS26050164

Lot Size : 0.95 Acre

Living Area Size : 14,921

Year Built : 1972

County : Saint Louis

Subdivision: Bellevue Place

Map

What's Nearby

Nearby Areas

Features

Flooring Information

Construction Materials: Brick
Heating & Cooling

Cooling: Wall/Window Unit(s)

Building Information

Year Built: 1972

Lot Information

Lot Square Feet: 41382 Lot Acres: 0.95

Property Information

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

Listing Price Information

Original List Price:$6900000

Tax Information

Annual Tax: $31483 Tax Year: 2025 Parcel Number: 21J-63-2157

School Information

Elementary School: Mrh Elementary Junior High School: Mrh Middle Senior High School: Maplewood-Richmond Hgts. High
Location Information

Subdivision: Bellevue Place City: Maplewood

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ByOwner last updated this listing 08/06/2026 @ 18:20

MLS: MARIS2 #26050164 LISTED BY: Anthony Klier, The Agency 314-677-1477 SOURCE: MARIS MLS (Listings courtesy of MARIS MLS as distributed by MLS GRID)