710 Leland Ave · University City, MO 63130

$1,499,000

2 bd · 1.0 ba · 9,936 sqft · MultiFamily public records · 249 Days on market

Built 1920 6,185 sqft lot $151/sqft · 7% above area Est $1396k · 7% over

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Why this score? — see what drove the D 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 +17.5/30.0
• DSCR +5.5/10.0
• ARV discount +4.2/15.0
• 1% rule +3.8/10.0
• Livability +3.7/5.0
• Rent growth +3.4/5.0
• Condition / age +2.5/5.0
• Schools +1.9/10.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (5+ Unit). Listing-text estimate: 6 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

***Rare 6-Family Investment in the Delmar Loop!!!*** Beautifully renovated 6-family residence just steps from Washington University and all the attractions of the Delmar Loop. This 9,936 sq. ft. building features oversized units of more than 1,600 sq. ft. each. Four units—three on the right wing and one on the left wing—were COMPLETELY GUTTED AND FULLY REBUILT - LESS THAN TWO YEARS AGO, including all-new plumbing, electric, HVAC systems, ductwork, kitchens, baths, flooring, and modern interior layouts. The building also features a BRAND-NEW ROOF INSTALLED IN 2025. The right wing includes three fully redesigned 3-bedrooms, 3-bathroom units with open layouts, balconies, in-unit laundry, brand new kitchens with granite counters and stainless-steel appliances, new flooring, windows, and completely updated plumbing, electric, and HVAC systems as part of a full gut renovation completed less than two years ago. The left wing offers three additional renovated apartments with updated kitchens and baths, refinished hardwood floors, and fresh paint, with opportunity for further value-add upgrades. One of the left-wing units also underwent a full gut rehab within the last two years, including new plumbing, electric, and HVAC. Perfect for both investors and owner-occupants, the property benefits from strong rental demand from Washington University students and unbeatable walkability to Starbucks, Fitz’s, Blueberry Hill, Tivoli Theatre, Moonrise Hotel, Vintage Vinyl, and the rest of the Delmar Loop’s shopping, dining, and entertainment. One unit is currently available, offering the option to lease immediately for income or reserve for your own residence.

Key facts

• 6,185 sq ft lot
• 4 parking spots
• Built 1920

What this means for you Summary

Snapshot

• This is a 6 × 3-bed/3-bath units multifamily listed at $1.50M.

Deal economics

• At list price, monthly cash flow is $1k ($14k/yr) — positive. Per door: $193/mo.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $1.32M (11.8% below list).
• Recommended offer: $1.32M (12.0% below list) — sets the bar for market timing.
• Cap rate 7.2% vs local median 4.9% in University City — 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 73/100 on livability (#84 in MO) — a middle-class / working-renter tenant base. Strengths: employment A+, housing A+, cost of living B; Watch: amenities D-, commute D-, health & safety F.
• University City (suburban): math 15% / reading 26% proficiency, ranked #297 of 324 in MO (top 92%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 67% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising (+3.6%/yr); 162 active listings in the ZIP; 1 comparable units currently listed for rent nearby; solid renter incomes; 920 units permitted in St. Louis County in 2024 (250 in 5+ unit buildings).
• At $13,218/mo this rent would consume 185% of the median local household income ($86k/yr) (locally 893% 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 $10k of loan paydown is wiped out by about $45k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 249 days — a 12% lower offer ($1.32M) is reasonable based on typical stale-listing flexibility.
• Current owner paid $669k; list at $1.50M implies a 124% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1920 — 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 $1,319,120 (12.0% below list)

Questions for the listing agent

1. It's been on market 249 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 1920 — 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. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
8. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
9. 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.
10. 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.
11. 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: 0.88% ✗
• Cap rate: 7.22%
• Cash-on-cash: 3.31%
• DSCR: 1.15
• GRM: 9.5

CMA / ARV

• ARV (median comp): $1,395,543
• List price: $1,499,000
• Delta: 7.41%
• Verdict: FAIR
• Comps: 2 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 3.61% rent growth · sell at horizon

5-year hold

• IRR: -10.5%
• Equity multiple: 0.62×
• Total profit: $-161,563
• Equity at exit: $223,506

10-year hold

• IRR: -0.5%
• Equity multiple: 0.97×
• Total profit: $-13,825
• Equity at exit: $129,606

Cash invested: $419,720 (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 63130

• Rents YoY: 3.6%
• Active inventory: 162
• Price-to-rent: 56.7×

Monthly cashflow live

• Estimated rent: $13,218 high
• Mortgage (P&I): −$7,861
• Tax from tax record: −$801 /mo · $9,606/yr
• Insurance: −$625
• HOA: −$0
• Vacancy / Maint / Mgmt: −$2,776
• Net cashflow: $1,156

Break-even live

Break-even rent $11,754

Max offer price $1,499,000

Occupancy floor 86%

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

Units	Beds	Baths	Est. rent
▸ 6× units	3	3	$13,218
Total (6 units)			$13,218

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: $374,750
• Closing costs: $44,970
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
757 Syracuse Ave Saint Louis, MO	3.0	2.0	9300	$2,150	$0.23	4d	1	0.15mi

Listing history 22 events

1. 2026-06-18
   days on market $1,499,000 Active 249 DOM
2. 2026-06-17
   days on market $1,499,000 Active 248 DOM
3. 2026-06-16
   days on market $1,499,000 Active 247 DOM
4. 2026-06-15
   days on market $1,499,000 Active 246 DOM
5. 2026-06-13
   days on market $1,499,000 Active 244 DOM
6. 2026-06-13
   days on market $1,499,000 Active 243 DOM
7. 2026-06-09
   days on market $1,499,000 Active 240 DOM
8. 2026-06-08
   days on market $1,499,000 Active 239 DOM
9. 2026-06-07
   days on market $1,499,000 Active 238 DOM
10. 2026-06-05
    days on market $1,499,000 Active 235 DOM
11. 2026-06-03
    days on market $1,499,000 Active 234 DOM
12. 2026-06-02
    days on market $1,499,000 Active 233 DOM
13. 2026-06-01
    days on market $1,499,000 Active 232 DOM
14. 2026-05-31
    days on market $1,499,000 Active 231 DOM
15. 2026-05-13
    price $1,499,000 1692-char remark

    Show marketing remark (1692 chars)

    ***Rare 6-Family Investment in the Delmar Loop!!!*** Beautifully renovated 6-family residence just steps from Washington University and all the attractions of the Delmar Loop. This 9,936 sq. ft. building features oversized units of more than 1,600 sq. ft. each. Four units—three on the right wing and one on the left wing—were COMPLETELY GUTTED AND FULLY REBUILT - LESS THAN TWO YEARS AGO, including all-new plumbing, electric, HVAC systems, ductwork, kitchens, baths, flooring, and modern interior layouts. The building also features a BRAND-NEW ROOF INSTALLED IN 2025. The right wing includes three fully redesigned 3-bedrooms, 3-bathroom units with open layouts, balconies, in-unit laundry, brand new kitchens with granite counters and stainless-steel appliances, new flooring, windows, and completely updated plumbing, electric, and HVAC systems as part of a full gut renovation completed less than two years ago. The left wing offers three additional renovated apartments with updated kitchens and baths, refinished hardwood floors, and fresh paint, with opportunity for further value-add upgrades. One of the left-wing units also underwent a full gut rehab within the last two years, including new plumbing, electric, and HVAC. Perfect for both investors and owner-occupants, the property benefits from strong rental demand from Washington University students and unbeatable walkability to Starbucks, Fitz’s, Blueberry Hill, Tivoli Theatre, Moonrise Hotel, Vintage Vinyl, and the rest of the Delmar Loop’s shopping, dining, and entertainment. One unit is currently available, offering the option to lease immediately for income or reserve for your own residence.

16. 2026-01-23
    price $1,599,000 1692-char remark

    Show marketing remark (1692 chars)

    ***Rare 6-Family Investment in the Delmar Loop!!!*** Beautifully renovated 6-family residence just steps from Washington University and all the attractions of the Delmar Loop. This 9,936 sq. ft. building features oversized units of more than 1,600 sq. ft. each. Four units—three on the right wing and one on the left wing—were COMPLETELY GUTTED AND FULLY REBUILT - LESS THAN TWO YEARS AGO, including all-new plumbing, electric, HVAC systems, ductwork, kitchens, baths, flooring, and modern interior layouts. The building also features a BRAND-NEW ROOF INSTALLED IN 2025. The right wing includes three fully redesigned 3-bedrooms, 3-bathroom units with open layouts, balconies, in-unit laundry, brand new kitchens with granite counters and stainless-steel appliances, new flooring, windows, and completely updated plumbing, electric, and HVAC systems as part of a full gut renovation completed less than two years ago. The left wing offers three additional renovated apartments with updated kitchens and baths, refinished hardwood floors, and fresh paint, with opportunity for further value-add upgrades. One of the left-wing units also underwent a full gut rehab within the last two years, including new plumbing, electric, and HVAC. Perfect for both investors and owner-occupants, the property benefits from strong rental demand from Washington University students and unbeatable walkability to Starbucks, Fitz’s, Blueberry Hill, Tivoli Theatre, Moonrise Hotel, Vintage Vinyl, and the rest of the Delmar Loop’s shopping, dining, and entertainment. One unit is currently available, offering the option to lease immediately for income or reserve for your own residence.

17. 2025-11-10
    price $1,699,000 1692-char remark

    Show marketing remark (1692 chars)

    ***Rare 6-Family Investment in the Delmar Loop!!!*** Beautifully renovated 6-family residence just steps from Washington University and all the attractions of the Delmar Loop. This 9,936 sq. ft. building features oversized units of more than 1,600 sq. ft. each. Four units—three on the right wing and one on the left wing—were COMPLETELY GUTTED AND FULLY REBUILT - LESS THAN TWO YEARS AGO, including all-new plumbing, electric, HVAC systems, ductwork, kitchens, baths, flooring, and modern interior layouts. The building also features a BRAND-NEW ROOF INSTALLED IN 2025. The right wing includes three fully redesigned 3-bedrooms, 3-bathroom units with open layouts, balconies, in-unit laundry, brand new kitchens with granite counters and stainless-steel appliances, new flooring, windows, and completely updated plumbing, electric, and HVAC systems as part of a full gut renovation completed less than two years ago. The left wing offers three additional renovated apartments with updated kitchens and baths, refinished hardwood floors, and fresh paint, with opportunity for further value-add upgrades. One of the left-wing units also underwent a full gut rehab within the last two years, including new plumbing, electric, and HVAC. Perfect for both investors and owner-occupants, the property benefits from strong rental demand from Washington University students and unbeatable walkability to Starbucks, Fitz’s, Blueberry Hill, Tivoli Theatre, Moonrise Hotel, Vintage Vinyl, and the rest of the Delmar Loop’s shopping, dining, and entertainment. One unit is currently available, offering the option to lease immediately for income or reserve for your own residence.

18. 2025-10-13
    listed $1,799,000 Active 1692-char remark

    Show marketing remark (1692 chars)

    ***Rare 6-Family Investment in the Delmar Loop!!!*** Beautifully renovated 6-family residence just steps from Washington University and all the attractions of the Delmar Loop. This 9,936 sq. ft. building features oversized units of more than 1,600 sq. ft. each. Four units—three on the right wing and one on the left wing—were COMPLETELY GUTTED AND FULLY REBUILT - LESS THAN TWO YEARS AGO, including all-new plumbing, electric, HVAC systems, ductwork, kitchens, baths, flooring, and modern interior layouts. The building also features a BRAND-NEW ROOF INSTALLED IN 2025. The right wing includes three fully redesigned 3-bedrooms, 3-bathroom units with open layouts, balconies, in-unit laundry, brand new kitchens with granite counters and stainless-steel appliances, new flooring, windows, and completely updated plumbing, electric, and HVAC systems as part of a full gut renovation completed less than two years ago. The left wing offers three additional renovated apartments with updated kitchens and baths, refinished hardwood floors, and fresh paint, with opportunity for further value-add upgrades. One of the left-wing units also underwent a full gut rehab within the last two years, including new plumbing, electric, and HVAC. Perfect for both investors and owner-occupants, the property benefits from strong rental demand from Washington University students and unbeatable walkability to Starbucks, Fitz’s, Blueberry Hill, Tivoli Theatre, Moonrise Hotel, Vintage Vinyl, and the rest of the Delmar Loop’s shopping, dining, and entertainment. One unit is currently available, offering the option to lease immediately for income or reserve for your own residence.

19. 2025-10-09
    historical $1,799,000 1692-char remark

    Show marketing remark (1692 chars)

    ***Rare 6-Family Investment in the Delmar Loop!!!*** Beautifully renovated 6-family residence just steps from Washington University and all the attractions of the Delmar Loop. This 9,936 sq. ft. building features oversized units of more than 1,600 sq. ft. each. Four units—three on the right wing and one on the left wing—were COMPLETELY GUTTED AND FULLY REBUILT - LESS THAN TWO YEARS AGO, including all-new plumbing, electric, HVAC systems, ductwork, kitchens, baths, flooring, and modern interior layouts. The building also features a BRAND-NEW ROOF INSTALLED IN 2025. The right wing includes three fully redesigned 3-bedrooms, 3-bathroom units with open layouts, balconies, in-unit laundry, brand new kitchens with granite counters and stainless-steel appliances, new flooring, windows, and completely updated plumbing, electric, and HVAC systems as part of a full gut renovation completed less than two years ago. The left wing offers three additional renovated apartments with updated kitchens and baths, refinished hardwood floors, and fresh paint, with opportunity for further value-add upgrades. One of the left-wing units also underwent a full gut rehab within the last two years, including new plumbing, electric, and HVAC. Perfect for both investors and owner-occupants, the property benefits from strong rental demand from Washington University students and unbeatable walkability to Starbucks, Fitz’s, Blueberry Hill, Tivoli Theatre, Moonrise Hotel, Vintage Vinyl, and the rest of the Delmar Loop’s shopping, dining, and entertainment. One unit is currently available, offering the option to lease immediately for income or reserve for your own residence.

20. 2017-06-21
    soldstatus $669,000
21. 1997-01-06
    soldstatus $160,000
22. 1993-08-18
    soldstatus $135,000

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

Tax reassessment forecast MO · Resets to sale price

• Current annual tax: $9,606 · $801/mo
• Projected year-2 tax: $14,540 · $1,212/mo
• Expected delta: +$4,934/yr (+$411/mo · 51.4%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

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 4/10 Moderate 4 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $158,616
• − Mortgage interest: −$83,967
• − Property taxes: −$9,606
• − Insurance: −$7,495
• − Repairs & maintenance: −$12,689
• − Management: −$12,689
• − Depreciation: −$43,607
• Taxable loss: −$11,439
• Est. tax savings @ 24.0%: +$2,745
• After-tax cash flow: $16,619/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: University City
• NCES district ID: 2930660
• Math proficiency: 15% ▼ -10.00%
• Reading proficiency: 26% ▼ -7.00%
• Median HH income: $52,927
• Composite: 18.57/100
• National rank: #8910
• State rank: #297 of 324 in MO

Livability — University City

• Score: 73/100
• State rank: #84
• US rank: #5618

Category grades

Amenities D- Commute D- Cost of living B Crime C+ Employment A+ Housing A+ Health & safety F User ratings A-

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: University City, MO
• County: Saint Louis County · 888,823 people
• City population: 28,910
• Metro: St. Louis, MO-IL
• Population (ZIP): 28,910
• Household income: $85,823
• Rent vs Own: 37.1% rent · 62.9% own
• Severe rent burden: 893.0

Population outlook (St. Louis County) Hauer SSP2

• Today (2025): 1,025,227 people
• By 2030: 1,028,023 · +0.3%
• By 2040: 1,020,940 · -0.4%
• By 2050: 1,007,280 · -1.8%
• By 2075: 987,277 · -3.7%
• By 2100: 921,984 · -10.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.61)
• Race & ethnicity: White 54% Black 31% Asian 6% Two or more races 6% Hispanic / Latino 4%
• Common ancestry: Italian 3% Romanian 3% Lithuanian 2%
• Foreign-born: 11% · China, Canada, Vietnam
• Languages at home: 89% English-only · Chinese 4% Spanish 2% French/Haitian/Cajun 1%

Political lean MEDSL · St. Louis

• 2024 margin: Strong D (+23.4) · D 60.8% · R 37.4% · Other 1.7%
• 2008→2024 swing: +3.5pp toward D · 2008: 19.9pp · 2024: 23.4pp
• All cycles: 2024: D+23.4 2020: D+24.0 2016: D+16.2 2012: D+13.7 2008: D+19.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -436.88%
• Current HPI: 185.599
• Rent YoY: ▲ 3.61%
• 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

+1010.4% since first listed

8 events — show timeline

• 2026-05-13 Price Changed $1,499,000 MARIS as Distributed by MLS Grid
• 2026-01-23 Price Changed $1,599,000 MARIS as Distributed by MLS Grid
• 2025-11-10 Price Changed $1,699,000 MARIS as Distributed by MLS Grid
• 2025-10-13 Listed $1,799,000 MARIS as Distributed by MLS Grid
• 2025-10-09 Coming Soon $1,799,000 MARIS as Distributed by MLS Grid
• 2017-06-21 Sold (Public Records) $669,000 Public Records
• 1997-01-06 Sold (Public Records) $160,000 Public Records
• 1993-08-18 Sold (Public Records) $135,000 Public Records

Property tax history

+6.8%/yr

Latest (2022): $9,606 · +1.4% YoY. Source: county tax records.