Active
5522 Delmar Boulevard
St Louis, MO 63112
$5,520,000
0 beds · 0 baths · 29,813 sq ft
Listing office: The Agency
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About this home
The Tanjiers is a seven-story, 48-unit elevator building on Delmar Boulevard in DeBaliviere Place, offered at $115,000 per unit. Location is the headline: the WashU Delmar DivINe shuttle stops directly across Delmar, WashU's Danforth Campus and the WashU Medical Campus/Barnes-Jewish Hospital are each about 1.2 miles away, and Forest Park, the Forest Park-DeBaliviere MetroLink station and the Delmar Loop are all minutes from the front door. Units were renovated in 2019-2020 with LVP flooring, white shaker kitchens with subway-tile backsplashes and stainless appliances, tiled baths, central heating and cooling, and washer/dryer hookups in every unit. Common areas received capital improvements following the May 2025 storm, and a landscaped terrace frames the entrance. The mix of 20 studios, 21 one-bedrooms and 7 two-bedrooms is built for the steady renter demand around WashU and SLU. Per the October 7, 2026 rent roll, 45 of 48 units are leased or pending and every one sits below ownership's target rent, an $88,440 annual base-rent gap. With 41 of 45 leases ending by August 2027, including 16 in July, a new owner has a clear window to move rents toward target ahead of the 2027-28 school year. Annualized scheduled income against trailing-12 expenses indicates a 7.88% cap rate, with a 9.64% pro forma at target rents. Real estate tax abatement is reported through 2030. Buyer to verify all information.
Home facts
- Bedrooms
- 0
- Bathrooms
- 0
- Living area
- 29,813 sq ft
- Lot size
- 0.434 acres
- Property type
- Residential Income · 5 Family or More
- Year built
- 1950
- Subdivision
- Bell Place Add
- Days on market
- 11
- Listed on
- Oct 13, 2026
- Listing office:
- The Agency, 314-677-1477
- Listing agent:
- Anthony Klier
- MLS number:
- 26065788
Presented by Narrative Real Estate, 314-480-5353, jess@jessicaberchtold.com
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MARIS data last updated at October 24, 2026 at 2:30 AM CDT.
Information from third parties, deemed reliable but not verified. All data is obtained from various sources and may not have been verified by the broker or the MLS. Supplied open house information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office or agent presenting the information. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.