Multifamily
Auction - Trinity Park Apartments | 490 Units | 38% Occupied
11065 Dunklin Dr, St. Louis, MO 63138
Starting Bid: $3,750,000
Investment Overview
Register to Bid and Access Due Diligence Documents on RealINSIGHT Marketplace - https://rimarketplace.com/auction/2963/
Marcus & Millichap is pleased to offer Trinity Park Apartments, a 490-unit LIHTC and Section 8 multifamily community on ±24.08 acres in North St. Louis. The asset presents a clear lease-up/value-add story: physical occupancy is ±48.7%, average in-place rents are ±$610, and 2024 60% AMI caps allow higher achievable rents within program guidelines.Comprised of 34 buildings, the Property offers a desirable mix of 285 one-bedroom apartments and 205 two-bedroom apartments. Community amenities include a clubhouse, pool, fitness, picnic area, tennis, laundry, elevator, and on-site management. The portfolio benefits from LIHTC compliance through 2037/2038, 102 units HUD Section 8 Project Based Rental Assistance, and a 20-year Option 2 renewal (effective 2025), providing income stability and mission alignment. Trinity Park Apartments is located 13 miles from Downtown St. Louis with access to Interstate 270/Route 367, major employers, and the forthcoming Saint Louis Zoo Wildcare Park.
Auction - Trinity Park Apartments | 490 Units | 38% Occupied
Investment Highlights
- STARTING BID $3,750,000 | Trinity Park Apartments | 490 Units | 49% Occ. | AUCTION MARCH 2-4
- Scale & Site: 490 units across 34 buildings totaling ±372,360 SF on ±24.08 acres with a mix of 285 one-bedrooms and 205 two-bedrooms
- Affordable Program Profile: LIHTC (Section 42) in service 2007/2008 and expires 2037/2038. 436 units restricted at =60% AMI; 102 units carry HUD Project-Based Section 8; Option 2 renewal effective Jan
- Lease-Up / Value-Add: 48.7% occupancy; T-12 average rent ±$610 with 2024 60% AMI rent caps of $972 (1BR) / $1,209 (2BR) providing headroom within program limits; Year 1 NOI ±$583K rising to ±$1.395M in Year 2
- Community Amenities & Ops: Clubhouse, pool, fitness, tennis, picnic/BBQ area, laundry, elevator, on-site management/maintenance; tenant-paid: cable, electric, gas, internet with management covering water, sewer, trash/recycling, lawn/snow, and pest control
- Location & Demand Drivers: 13 miles north of Downtown St. Louis, 14 miles to Lambert Int'l Airport; quick access to I-270 & Route 367; near St. Louis Community College – Florissant Valley; 3 miles south of future Saint Louis Zoo Wildcare Park
Multifamily
Auction - Trinity Park Apartments | 490 Units | 38% Occupied
Starting Bid: $3,750,000
Investment Highlights
- STARTING BID $3,750,000 | Trinity Park Apartments | 490 Units | 49% Occ. | AUCTION MARCH 2-4
- Scale & Site: 490 units across 34 buildings totaling ±372,360 SF on ±24.08 acres with a mix of 285 one-bedrooms and 205 two-bedrooms
- Affordable Program Profile: LIHTC (Section 42) in service 2007/2008 and expires 2037/2038. 436 units restricted at =60% AMI; 102 units carry HUD Project-Based Section 8; Option 2 renewal effective Jan
- Lease-Up / Value-Add: 48.7% occupancy; T-12 average rent ±$610 with 2024 60% AMI rent caps of $972 (1BR) / $1,209 (2BR) providing headroom within program limits; Year 1 NOI ±$583K rising to ±$1.395M in Year 2
- Community Amenities & Ops: Clubhouse, pool, fitness, tennis, picnic/BBQ area, laundry, elevator, on-site management/maintenance; tenant-paid: cable, electric, gas, internet with management covering water, sewer, trash/recycling, lawn/snow, and pest control
- Location & Demand Drivers: 13 miles north of Downtown St. Louis, 14 miles to Lambert Int'l Airport; quick access to I-270 & Route 367; near St. Louis Community College – Florissant Valley; 3 miles south of future Saint Louis Zoo Wildcare Park
Investment Overview
Register to Bid and Access Due Diligence Documents on RealINSIGHT Marketplace - https://rimarketplace.com/auction/2963/ Marcus & Millichap is pleased to offer Trinity Park Apartments, a 490-unit LIHTC and Section 8 multifamily community on ±24.08 acres in North St. Louis. The asset presents a clear lease-up/value-add story: physical occupancy is ±48.7%, average in-place rents are ±$610, and 2024 60% AMI caps allow higher achievable rents within program guidelines.Comprised of 34 buildings, the Property offers a desirable mix of 285 one-bedroom apartments and 205 two-bedroom apartments. Community amenities include a clubhouse, pool, fitness, picnic area, tennis, laundry, elevator, and on-site management. The portfolio benefits from LIHTC compliance through 2037/2038, 102 units HUD Section 8 Project Based Rental Assistance, and a 20-year Option 2 renewal (effective 2025), providing income stability and mission alignment. Trinity Park Apartments is located 13 miles from Downtown St. Louis with access to Interstate 270/Route 367, major employers, and the forthcoming Saint Louis Zoo Wildcare Park.
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