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7736 Springdale Drive, Normandy, MO, 63121

Positioned in a high-demand rental corridor, 7736 Springdale Drive presents a compelling investment opportunity in the heart of North St. Louis County. Situated on 3.27 acres, this 69-unit apartment community spans 8 well-maintained buildings and is offered at $6,900,000, delivering an attractive 6.8% cap rate supported by strong in-place cash flow and consistently low vacancy. The property features an excellent unit mix of 14 two-bedroom, 1.5-bath units, 39 two-bedroom, one-bath units, and 14 one-bedroom, one-bath units, appealing to a broad tenant base. Ideally located just minutes from University of Missouri–St. Louis (UMSL), the asset benefits from steady rental demand driven by students, faculty, and the surrounding workforce. Its proximity to NorthPark, along with major employers such as Express Scripts and Boeing Defense, Space & Security, further enhances tenant stability and long-term occupancy. Many units have been thoughtfully updated, along with key improvements to major systems and appliances, minimizing near-term capital expenditures and supporting operational efficiency. The property is professionally managed with experienced on-site management currently in place, and ownership is willing to facilitate a seamless transition by retaining the existing team, providing operational continuity and reducing lease-up or management risk for a new owner. With market-aligned rents and additional upside potential, this stabilized asset offers investors a turnkey opportunity to acquire a well-located, income-producing property in a proven and growing rental market.

Subdivision: Normandy Heights Amd

List Price

$ 6,555,000

Status

Active

Days on market

0

MLS#

26023533

Bedrooms

0

Full baths

0

Subdivision

Normandy Heights Amd

Municipality

Normandy

County

St Louis

Property Type

Commercial Sale

Type

Commercial Sale

Additional Information

Property Tax (2025)

$81,755

Recent Nearby Sales in 63121

Last 6 closed homes in this zip.

Address Bd/Ba SqFt List Sold Closed
3073 Andover Drive, Bel-Nor, MO 63121 3/2 1,536 $247,500 $244,750
98.9% of ask
Sep 3, 2026
7720 Brocton Court, Bel-Nor, MO 63121 3/1 1,010 $115,000 $110,000
95.7% of ask
Aug 31, 2026
8908 Boston Avenue, Bel-Ridge, MO 63121 2/1 832 $110,000 $105,000
95.5% of ask
Aug 28, 2026
90 Greendale Drive, Greendale, MO 63121 3/1 1,404 $187,900 $192,900
102.7% of ask
Aug 28, 2026
5381 Bermuda Drive, Normandy, MO 63121 3/3 1,500 $155,999 $163,799
105% of ask
Aug 28, 2026
7218 Normandy Place, Normandy, MO 63121 3/2 2,042 $155,000 $147,000
94.8% of ask
Aug 28, 2026

Price & Listing History

Listed for sale
Apr 24, 2026 at $6,900,000
Price reduced by $345,000 (5%)
From $6,900,000 to $6,555,000
Current status: Active
As of Jul 8, 2026 · $6,555,000

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