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207 S Main Street, Louisiana, MO, 63353

Beautiful 20-Unit All-Brick Apartment Complex Overlooking Courtyard & River Views Exceptional investment opportunity featuring a well-maintained, 20-unit, all-brick apartment complex overlooking a serene green-space courtyard and the majestic Mississippi River. This property operates under a multi-year Housing Assistance Payment (HAP) contract through the U.S. Department of Housing and Urban Development, making it eligible for automatic annual OCAF rent increases—providing stable, predictable income. Residents enjoy clean, functional living with coin-operated laundry facilities on both the upper and lower levels. The property is located within walking distance of local restaurants, clinics, shops, and other amenities, offering excellent convenience for tenants. This subsidized housing community serves residents age 62 and older, as well as disabled individuals, and is home to many long-term, loyal tenants—reflecting the property’s strong reputation and consistent demand. A rare chance to acquire a reliable, income-producing asset with built-in rent growth and a highly stable tenant base.

Subdivision: Thomas Apartments

List Price

$ 1,000,000

Status

Active

Days on market

0

MLS#

25083020

Bedrooms

0

Full baths

0

Sq. Ft. Above

13,420

Subdivision

Thomas Apartments

Municipality

Louisiana

School District

Louisiana R-II

County

Pike

Property Type

Residential Income

Style

Apartment Style

Type

Residential Income

Additional Information

Property Tax (2024)

$6,518

Recent Nearby Sales in 63353

Last 6 closed homes in this zip.

Address Bd/Ba SqFt List Sold Closed
1501 Georgia Street, Louisiana, MO 63353 3/2 1,591 $189,500 $189,500
100% of ask
Aug 28, 2025
19115 Pike 9275, Louisiana, MO 63353 0/0 -- $490,000 $410,000
83.7% of ask
Apr 7, 2025
1204 N Carolina Street, Louisiana, MO 63353 4/2 2,395 $220,000 $200,000
90.9% of ask
Aug 28, 2024
0 Lot 30 River Ridge S.D., Louisiana, MO 63353 0/0 -- $25,000 $3,000
12% of ask
Aug 2, 2024
0 county rd 273, Louisiana, MO 63353 0/0 -- $1,280,000 $1,120,000
87.5% of ask
Apr 19, 2024
115 Mary's Dr., Louisiana, MO 63353 4/2 1,599 $174,900 $170,900
97.7% of ask
Apr 19, 2024

Price & Listing History

Listed for sale
Jan 1, 2026 at $1,200,000
Price reduced by $200,000 (16.7%)
From $1,200,000 to $1,000,000
Current status: Active
As of Aug 24, 2026 · $1,000,000

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