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618-277-4400

9-Unit Value-Add Apartment Complex

$540,000

Listing Resources

Listing Description

5902 Gateway Industrial Drive presents an opportunity to acquire a market-rate multifamily community consisting of a desirable mix of one-bedroom and two-bedroom apartment homes. The property offers residents affordable, well-located housing within the Belleville market while providing investors with stable cash flow and a diversified rent roll. The apartment community benefits from strong underlying rental demand driven by its proximity to major employment centers, retail amenities, healthcare providers, and transportation corridors throughout the Metro East region. The efficient unit mix appeals to a broad tenant base, including young professionals, small families, retirees, and workforce renters, supporting occupancy and long-term income stability.

With in-place revenue, operational upside opportunities, and a strategic location within one of the St. Louis MSA’s largest Illinois submarkets, 5902 Gateway Industrial Drive represents an attractive investment opportunity for both private and institutional multifamily investors seeking durable cash flow and future growth potential.

The property is located within the established Gateway Industrial submarket in Belleville, a well-known commercial and industrial corridor serving the broader Metro East region. The area benefits from immediate access to Interstate 64, Interstate 255, and other major transportation arteries connecting the property to downtown St. Louis, Scott Air Force Base, and surrounding regional distribution hubs. Nearby industrial users, logistics operators, and commercial development contribute to a strong employment base and ongoing demand for industrial space within the market. The property’s centralized Metro East location, combined with excellent regional connectivity, continues to support long-term industrial growth and tenant demand throughout the corridor.

Sale Price: $540,000

Listing Details

Listing No : 3273
Sale Or Lease : For Sale
Property Type(s) : Investment, Multi-Family
Building Size (Sqft) : 6,988 Sqft
Lot Size (Acres) : 0.41 Acre(s)
Sale Price : $540,000
Sale Price Per Sqft : $77.28
Building Total Sqft : 6,987 Sqft
Parcel No : 07-13-0-400-058
Zoning : Multi-Family
Parking : 12
Parking Surface Type : Asphalt
Year Built : 1985
Rehab Year : 1985
Class : C
Floors : 2
Total Units : 9
Water Provider : City
Water Provider Location : On Site
Sewer Provider : City
Sewer Provider Location : On Site
Gas Provider : Ameren
Gas Provider Location : On Site
Electric Provider : Ameren
Electric Provider Location : On Site

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