551 South Clay Avenue
- 44 Updated Units in the Heart of Kirkwood
- Great Unit Mix - 1, 2 and 3 Bedroom Units
- In-Unit Washer and Dryer in 89% of Units
- Updated Electric Panels
- Incredible Location - 10 Min Walk to Downtown Kirkwood
Property Description
Salient Realty Group is pleased to present Kirkwood Forest, a 44-unit multifamily investment opportunity located at 551 S. Clay Avenue in Kirkwood, Missouri, one of the most affluent and supply-constrained submarkets in the St. Louis metropolitan area. The property features a highly desirable unit mix of one, two, and three-bedroom floor plans ranging from approximately 650 to 1,250 square feet, appealing to a broad and stable renter base. A portion of the units have been upgraded with modern finishes, including granite countertops, stainless steel appliances, and in-unit washer/dryers, enhancing rental appeal and supporting premium rents. The asset is exceptionally well-located within the top-ranked Kirkwood R-VII School District and offers walkable access to downtown Kirkwood, a vibrant retail and dining destination that continues to drive renter demand. Recent interior renovations completed by current ownership establish a clear runway for additional value creation through continued unit upgrades, operational efficiencies, and mark-to-market rent growth. Kirkwood Forest represents a rare opportunity to acquire a stabilized, garden-style apartment community in a high-barrier submarket with limited new supply, consistent tenant demand, and long-term rent growth fundamentals.
Broker Details
Salient Realty Group 314-451-7145
MLS ID: TMCCARTH State License Number: 2019034093
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| No. of Units: | 44 |
| Average Occupancy: | 5.33 |
| Year Built: | 1974 |
| Lot Size: | 2.04 Acres |
| Opportunity Zone: | No |
| Property Website | Click Here |
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