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207 S 5th Street, Louisiana, MO, 63353

Exceptional investment opportunity featuring a well-maintained, 16-unit, all-brick apartment complex comprised of two-bedroom apartments, thoughtfully designed for residents (62 years of age and older). The community is centered around a serene courtyard with beautifully maintained landscaping, creating a welcoming and peaceful environment. 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. The complex maintains near full occupancy, with 15 of 16 units leased to long-standing residents, supporting strong and dependable cash flow. Residents enjoy clean, functional living with coin-operated laundry facilities on both the upper and lower levels. The complex offers handicap-accessible features and is conveniently located near local amenities, including coffee shops, restaurants, clinics, and retail, providing excellent walkability and everyday convenience for residents.

Subdivision: Thomas Apartments

List Price

$ 800,000

Status

Active

Days on market

0

MLS#

25083033

Bedrooms

0

Full baths

0

Sq. Ft. Above

11,728

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)

$5,654

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 $1,010,000
Price reduced by $210,000 (20.8%)
From $1,010,000 to $800,000
Current status: Active
As of Aug 24, 2026 · $800,000

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