Spring Street Lofts

Highlights:

• Prime Location Adjacent to Saint Louis University Campus
• Below Market Rents With Upside Potential
• Positioned in A High-Growth Redevelopment Zone
• Consistent, Recision-Resistant Occupancy
• Durable, Updated Systems, leading to stable, low-capex investment
• Across from the City Foundry and other amazing amenities

Description:

Salient Realty Group is pleased to present this exclusive property to purchase, The Spring Street Lofts. A 94 bed Student Housing Complex (48 units); this is a rare opportunity to own a stabilized, high-demand multifamily asset perfectly situated within walking distance of Saint Louis University, one of the city’s largest and most consistent housing drivers. The asset is strategically located in the heart of Midtown. This boutique loft building captures the ever-growing demand for quality, off-campus student housing—an increasingly limited commodity as SLU’s enrollment continues to rise and on- campus housing options remain constrained. The property’s combination of exposed brick, high ceilings, and modern finishes appeals directly to today’s student and young professional renter profile, ensuring strong occupancy and rent premiums. Investors benefit from steady, recession-resistant demand generated by SLU’s 12,000+ students and nearby medical and graduate programs, as well as close proximity to Central West End’s dynamic restaurant, retail, and nightlife amenities that enhance tenant retention. With consistent leasing velocity, minimal vacancy, and proven rent growth potential, Spring Street Lofts stands out as a turnkey investment in one of St. Louis’s most reliable micro-markets for long-term appreciation and cash flow stability.

Spring Street Lofts sits at 24 South Spring Avenue, located directly on Saint Louis University’s main campus. This unique location offers investors a built-in tenant base fueled by the university’s large student population, ensuring steady demand and minimal vacancy. With SLU’s continued growth and investment in the surrounding Midtown corridor, the property is strategically placed to benefit from long-term stability and appreciation.

In addition to the on-campus advantage, The Spring Street Lofts are surrounded by a mix of dining, retail, and cultural amenities that attracts residents year round. Proximity to the Central West End’s medical centers, corporate offices, and entertainment options ensures appeal beyond other student housing options. The nearby Grand Metrolink station and easy access to downtown make the property highly accessible, increasing its marketability and potential for consistent rental income.

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