Trinity Park Apartments | 490 Units | 49% Occupied

Highlights:

• 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 2025 for 20 years
• Lease-Up / Value-Add: 38.7% 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

Description:

Ri Marketplace Online Auction March 2-4, 2026
Register to bid on Marketplace:

https://rimarketplace.com/auction/2963/trinity-park-apartments-490-units-49-occupied?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=multifamily_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.


The platform fee for this transaction is the greater of 5.00% or a minimum of $25,000.

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