1014 Oakview Pl · St. Louis, MO 63110

$4,450,000

1296 bd · 1296.0 ba · 11,160 sqft · MultiFamily public records · 255 Days on market

Built 1927 0.68 ac lot $399/sqft · 201% above area Est $3100k · 44% over ↓ 6% since listing

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Why this score? — see what drove the C grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +28.2/30.0
• DSCR +10.0/10.0
• 1% rule +7.7/10.0
• Rent growth +4.1/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.2/10.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (5+ Unit). Listing-text estimate: 36 units. confirmed

5+ unit building — per-unit beds/baths from public records are typically unavailable; the breakdown below (if shown) is an estimate from the listing text.

Listing remarks MLS

PRICE REDUCED~ Oakview Apartments is a 36-unit value-add multifamily community situated in a thriving area of St. Louis’s Central Corridor. The property consists of three all-brick buildings featuring 36 1-bed, 1-bath units with a strong occupancy rate of 100%. Unit features include in-unit washers and dryers, hardwood floors, updated kitchens with quartz countertops and stainless-steel appliances, as well as rear balconies. Residents can enjoy off-street parking in the parking lot behind in the rear of the buildings. Oakview Apartments is ideally located just minutes from Forest Park. Its proximity to WashU ensures a steady influx of students, faculty, and staff, driving demand for rental properties. The vibrant Dogtown neighborhood, known for its lively atmosphere and local eateries, adds to the area’s appeal. Downtown Clayton, with its bustling business district and upscale shopping and dining, is also just a short drive away. Additionally, the property is conveniently located near major hospitals and employers in the Central West End, such as BJC Healthcare, attracting healthcare professionals and other workers. Current rents are below market rates, providing immediate upside potential for future ownership through rental increases. Furthermore, 5 units have not been updated with new kitchens, presenting additional opportunities for value enhancement. The property is being offered free-and-clear, allowing buyers the flexibility to secure new financing.

Key facts

• Quartz countertops
• Updated kitchens
• Hardwood floors

Tags

• THREE ALL-BRICK BUILDINGS
• IN-UNIT WASHERS AND DRYERS
• HARDWOOD FLOORS
• UPDATED KITCHENS
• QUARTZ COUNTERTOPS
• STAINLESS-STEEL APPLIANCES

What this means for you Summary

Snapshot

• This is a 36 × 1-bed/1-bath units multifamily listed at $4.45M.

Deal economics

• At list price, monthly cash flow is $14k ($169k/yr) — positive. Per door: $391/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($57k rent vs $4.45M).
• Recommended offer: $3.92M (12.0% below list) — sets the bar for market timing.
• Cap rate 10.1% vs local median 5.0% in St. Louis — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads: area grade C — affects rentability + tenant quality, not the cash-flow math above.
• St. Louis City (urban): math 10% / reading 18% proficiency, ranked #312 of 324 in MO (top 96%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 80% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+6.2%/yr); 98 active listings in the ZIP; solid renter incomes; 294 units permitted in St. Louis city in 2024 (227 in 5+ unit buildings).
• At $56,724/mo this rent would consume 834% of the median local household income ($82k/yr) (locally 921% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $31k of loan paydown is wiped out by about $134k of value loss. Plan a longer hold.
• St. Louis County population projected to shrink 6% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-3.0% appreciation + 6.2% rent growth), your $1.25M cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 255 days — a 12% lower offer ($3.92M) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts; this cycle's ask has dropped $300k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1927 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $3,916,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 255 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
4. Built in 1927 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.27% ✓
• Cap rate: 10.08%
• Cash-on-cash: 13.54%
• DSCR: 1.60
• GRM: 6.5

CMA / ARV

• ARV (median comp): $3,100,000
• List price: $4,450,000
• Delta: 43.55%
• Verdict: OVERPRICED
• Comps: 1 within 2.0 mi

Projected returns pro-forma

-3.0% appreciation · 6.24% rent growth · sell at horizon

5-year hold

• IRR: 7.2%
• Equity multiple: 1.29×
• Total profit: $366,107
• Equity at exit: $663,509

10-year hold

• IRR: 19.2%
• Equity multiple: 2.86×
• Total profit: $2,312,691
• Equity at exit: $384,755

Cash invested: $1,246,000 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 81 Strongly Landlord-Friendly
• State Missouri: 81 Strongly Landlord-Friendly · R+10
• County: — inherits STATE
• City: — inherits STATE

Generally landlord-friendly; St Louis has some habitability requirements.

Methodology + full state rankings →

ZIP-level market 63110

• Rents YoY: 6.2%
• Active inventory: 98
• Price-to-rent: 235.4×

Monthly cashflow live

• Estimated rent: $56,724 medium
• Mortgage (P&I): −$23,336
• Tax est. 1.5%: −$5,562 /mo · $66,750/yr
• Insurance: −$1,854
• HOA: −$0
• Vacancy / Maint / Mgmt: −$11,912
• Net cashflow: $14,059

Break-even live

Break-even rent $38,928

Max offer price $4,450,000

Occupancy floor 70%

36-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 36× units	1	1	$56,736
Total (36 units)			$56,724

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $1,112,500
• Closing costs: $133,500
• Reserves months: —
• Total cash needed: —

Listing history 19 events

1. 2026-06-18
   days on market $4,450,000 Active 255 DOM
2. 2026-06-17
   days on market $4,450,000 Active 254 DOM
3. 2026-06-16
   days on market $4,450,000 Active 253 DOM
4. 2026-06-15
   days on market $4,450,000 Active 252 DOM
5. 2026-06-13
   days on market $4,450,000 Active 250 DOM
6. 2026-06-09
   days on market $4,450,000 Active 246 DOM
7. 2026-06-08
   days on market $4,450,000 Active 245 DOM
8. 2026-06-08
   days on market $4,450,000 Active 244 DOM
9. 2026-06-05
   days on market $4,450,000 Active 241 DOM
10. 2026-06-03
    days on market $4,450,000 Active 240 DOM
11. 2026-06-02
    days on market $4,450,000 Active 239 DOM
12. 2026-06-01
    days on market $4,450,000 Active 238 DOM
13. 2026-05-31
    days on market $4,450,000 Active 237 DOM
14. 2026-05-12
    status Active 1494-char remark

    Show marketing remark (1494 chars)

    PRICE REDUCED~ Oakview Apartments is a 36-unit value-add multifamily community situated in a thriving area of St. Louis’s Central Corridor. The property consists of three all-brick buildings featuring 36 1-bed, 1-bath units with a strong occupancy rate of 100%. Unit features include in-unit washers and dryers, hardwood floors, updated kitchens with quartz countertops and stainless-steel appliances, as well as rear balconies. Residents can enjoy off-street parking in the parking lot behind in the rear of the buildings. Oakview Apartments is ideally located just minutes from Forest Park. Its proximity to WashU ensures a steady influx of students, faculty, and staff, driving demand for rental properties. The vibrant Dogtown neighborhood, known for its lively atmosphere and local eateries, adds to the area’s appeal. Downtown Clayton, with its bustling business district and upscale shopping and dining, is also just a short drive away. Additionally, the property is conveniently located near major hospitals and employers in the Central West End, such as BJC Healthcare, attracting healthcare professionals and other workers. Current rents are below market rates, providing immediate upside potential for future ownership through rental increases. Furthermore, 5 units have not been updated with new kitchens, presenting additional opportunities for value enhancement. The property is being offered free-and-clear, allowing buyers the flexibility to secure new financing.

15. 2026-05-12
    price $4,450,000 1494-char remark

    Show marketing remark (1494 chars)

    PRICE REDUCED~ Oakview Apartments is a 36-unit value-add multifamily community situated in a thriving area of St. Louis’s Central Corridor. The property consists of three all-brick buildings featuring 36 1-bed, 1-bath units with a strong occupancy rate of 100%. Unit features include in-unit washers and dryers, hardwood floors, updated kitchens with quartz countertops and stainless-steel appliances, as well as rear balconies. Residents can enjoy off-street parking in the parking lot behind in the rear of the buildings. Oakview Apartments is ideally located just minutes from Forest Park. Its proximity to WashU ensures a steady influx of students, faculty, and staff, driving demand for rental properties. The vibrant Dogtown neighborhood, known for its lively atmosphere and local eateries, adds to the area’s appeal. Downtown Clayton, with its bustling business district and upscale shopping and dining, is also just a short drive away. Additionally, the property is conveniently located near major hospitals and employers in the Central West End, such as BJC Healthcare, attracting healthcare professionals and other workers. Current rents are below market rates, providing immediate upside potential for future ownership through rental increases. Furthermore, 5 units have not been updated with new kitchens, presenting additional opportunities for value enhancement. The property is being offered free-and-clear, allowing buyers the flexibility to secure new financing.

16. 2026-01-21
    status Active 1494-char remark

    Show marketing remark (1494 chars)

    PRICE REDUCED~ Oakview Apartments is a 36-unit value-add multifamily community situated in a thriving area of St. Louis’s Central Corridor. The property consists of three all-brick buildings featuring 36 1-bed, 1-bath units with a strong occupancy rate of 100%. Unit features include in-unit washers and dryers, hardwood floors, updated kitchens with quartz countertops and stainless-steel appliances, as well as rear balconies. Residents can enjoy off-street parking in the parking lot behind in the rear of the buildings. Oakview Apartments is ideally located just minutes from Forest Park. Its proximity to WashU ensures a steady influx of students, faculty, and staff, driving demand for rental properties. The vibrant Dogtown neighborhood, known for its lively atmosphere and local eateries, adds to the area’s appeal. Downtown Clayton, with its bustling business district and upscale shopping and dining, is also just a short drive away. Additionally, the property is conveniently located near major hospitals and employers in the Central West End, such as BJC Healthcare, attracting healthcare professionals and other workers. Current rents are below market rates, providing immediate upside potential for future ownership through rental increases. Furthermore, 5 units have not been updated with new kitchens, presenting additional opportunities for value enhancement. The property is being offered free-and-clear, allowing buyers the flexibility to secure new financing.

17. 2025-10-20
    price $4,650,000 1494-char remark

    Show marketing remark (1494 chars)

    PRICE REDUCED~ Oakview Apartments is a 36-unit value-add multifamily community situated in a thriving area of St. Louis’s Central Corridor. The property consists of three all-brick buildings featuring 36 1-bed, 1-bath units with a strong occupancy rate of 100%. Unit features include in-unit washers and dryers, hardwood floors, updated kitchens with quartz countertops and stainless-steel appliances, as well as rear balconies. Residents can enjoy off-street parking in the parking lot behind in the rear of the buildings. Oakview Apartments is ideally located just minutes from Forest Park. Its proximity to WashU ensures a steady influx of students, faculty, and staff, driving demand for rental properties. The vibrant Dogtown neighborhood, known for its lively atmosphere and local eateries, adds to the area’s appeal. Downtown Clayton, with its bustling business district and upscale shopping and dining, is also just a short drive away. Additionally, the property is conveniently located near major hospitals and employers in the Central West End, such as BJC Healthcare, attracting healthcare professionals and other workers. Current rents are below market rates, providing immediate upside potential for future ownership through rental increases. Furthermore, 5 units have not been updated with new kitchens, presenting additional opportunities for value enhancement. The property is being offered free-and-clear, allowing buyers the flexibility to secure new financing.

18. 2025-09-03
    listed $4,750,000 Active 1494-char remark

    Show marketing remark (1494 chars)

    PRICE REDUCED~ Oakview Apartments is a 36-unit value-add multifamily community situated in a thriving area of St. Louis’s Central Corridor. The property consists of three all-brick buildings featuring 36 1-bed, 1-bath units with a strong occupancy rate of 100%. Unit features include in-unit washers and dryers, hardwood floors, updated kitchens with quartz countertops and stainless-steel appliances, as well as rear balconies. Residents can enjoy off-street parking in the parking lot behind in the rear of the buildings. Oakview Apartments is ideally located just minutes from Forest Park. Its proximity to WashU ensures a steady influx of students, faculty, and staff, driving demand for rental properties. The vibrant Dogtown neighborhood, known for its lively atmosphere and local eateries, adds to the area’s appeal. Downtown Clayton, with its bustling business district and upscale shopping and dining, is also just a short drive away. Additionally, the property is conveniently located near major hospitals and employers in the Central West End, such as BJC Healthcare, attracting healthcare professionals and other workers. Current rents are below market rates, providing immediate upside potential for future ownership through rental increases. Furthermore, 5 units have not been updated with new kitchens, presenting additional opportunities for value enhancement. The property is being offered free-and-clear, allowing buyers the flexibility to secure new financing.

19. 2022-03-16
    price $765

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 5/10 Major 7 d/yr ≥107°F today · 21 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $680,688
• − Mortgage interest: −$249,269
• − Property taxes: −$66,750
• − Insurance: −$22,250
• − Repairs & maintenance: −$54,455
• − Management: −$54,455
• − Depreciation: −$129,455
• Taxable income: $104,054
• Est. tax owed @ 24.0%: −$24,973
• After-tax cash flow: $143,735/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: St. Louis City
• NCES district ID: 2929280
• Math proficiency: 10% ▼ -6.00%
• Reading proficiency: 18% ▼ -3.00%
• Median HH income: $35,685
• Composite: 11.54/100
• National rank: #9699
• State rank: #312 of 324 in MO

Livability — St. Louis

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• Census place: St. Louis, MO
• County: Saint Louis City · 254,015 people
• City population: 283,259
• Metro: St. Louis, MO-IL
• Population (ZIP): 17,645
• Household income: $81,655
• Rent vs Own: 56.4% rent · 43.6% own
• Severe rent burden: 921.0

Population outlook (St. Louis County) Hauer SSP2

• Today (2025): 315,737 people
• By 2030: 313,865 · -0.6%
• By 2040: 305,439 · -3.3%
• By 2050: 296,529 · -6.1%
• By 2075: 271,028 · -14.2%
• By 2100: 255,359 · -19.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority White (65%)
• Race & ethnicity: White 65% Black 19% Two or more races 9% Hispanic / Latino 8% Asian 4%
• Hispanic origin (detail): Mexican 5%
• Common ancestry: Lithuanian 5% Slovak 3% Italian 3%
• Foreign-born: 6% · Canada, China, South Korea
• Languages at home: 91% English-only · Spanish 3% French/Haitian/Cajun 1% Other Asian/Pacific 1%

Political lean MEDSL · St. Louis

• 2024 margin: Solid D (+64.7) · D 81.4% · R 16.7% · Other 2.0%
• 2008→2024 swing: -3.5pp toward R · 2008: 68.2pp · 2024: 64.7pp
• All cycles: 2024: D+64.7 2020: D+66.2 2016: D+63.7 2012: D+66.6 2008: D+68.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -206.93%
• Current HPI: 342.2466
• Rent YoY: ▲ 6.24%
• Metro: St. Louis, MO-IL
• State GDP YoY: ▲ 1.84%
• F500 in state: 20

Industry mix (Fortune 500 HQ in MO)

Industry	F500 HQs	Revenue
▸Healthcare	1	$163B
▸Insurance	1	$21B
▸Industrial Technology	1	$17B
▸Retail	1	$16B
▸Industrial Distribution	1	$10B
▸Utilities	1	$9B

Price history

-6.3% since first listed

6 events — show timeline

• 2026-05-12 Relisted — MARIS as Distributed by MLS Grid
• 2026-05-12 Price Changed $4,450,000 MARIS as Distributed by MLS Grid
• 2026-01-21 Relisted — MARIS as Distributed by MLS Grid
• 2025-10-20 Price Changed $4,650,000 MARIS as Distributed by MLS Grid
• 2025-09-03 Listed $4,750,000 MARIS as Distributed by MLS Grid
• 2022-03-16 Price Changed $765 RENT.