La Maison

La Maison is located in the Tower Grove East neighborhood of St. Louis, a dense, infill submarket characterized by strong rental demand and proximity to the city’s major employment and lifestyle centers. The property is situated just south of Tower Grove Park, one of St. Louis’ largest and most heavily utilized urban parks, offering residents access to extensive green space, recreation, and year-round community programming. The asset benefits from close proximity to Saint Louis University Medical Campus, a major regional employment hub anchored by SSM Health and SLU School of Medicine, supporting consistent demand from healthcare professionals, students, and staff. Additionally, the nearby South Grand Business District provides a walkable mix of retail, dining, and neighborhood services, further enhancing tenant appeal. With convenient access to major arterial roadways and public transit, the location offers connectivity to Downtown St. Louis, Midtown, and key employment centers, reinforcing the area’s long-term attractiveness as a stable, renter-oriented submarket.Salient Realty Group is pleased to present, The La Maison apartments, located at 3530 Utah Street, the property presents a unique investment in a meticulously restored historic schoolhouse in Tower Grove East. This boutique-style building features a variety of floor plans, including studio, one-bedroom, and two-bedroom units, many of which offer high-demand loft-style layouts. Each apartment is finished with premium finishes, including quartz countertops, custom cabinetry, stainless steel appliances, and original hardwood flooring. The architectural integrity of the building is preserved through soaring ceilings and oversized windows that provide significant natural light. Historic details, such as original built-in bookshelves and vintage chalkboards in select units, offer a distinct character that differentiates this property from standard modern developments. La Maison presents immediate upside through rent growth and operational efficiencies. The current in-place average rents trail market by ~$275/unit/month, allowing a clear path to increasing cash flow through unit turnover and improved management. Comparable renovated units in the area support the proforma rent assumptions. Situated near Tower Grove Park, South Grand Retail, SLU Medical and close to Downtown St. Louis, La Maison has significant upside with strong rental demand. La Maison provides an opportunity to acquire a well located asset with income, growth and long term appreciation potential.