Opportunities of this scale and readiness are exceptionally rare in Jefferson County. This 50.65-acre land assemblage in House Springs presents a compelling development play for multifamily investors and builders looking to capitalize on one of the St. Louis metro’s most undersupplied residential markets. With an approved PUD already in place and infrastructure improvements underway, much of the heavy lifting has already been done.

The site comprises four parcels and carries an approved Planned Unit Development established in 2003, entitling the land for 40 buildings of 8 units each — a total of 320 residential units. For a developer, that level of entitlement represents significant time and cost savings, removing much of the regulatory uncertainty that typically accompanies projects of this size. The approvals are there; the opportunity is to build.

A sewer line expansion project currently underway will bring direct sewer access to the site, a critical infrastructure milestone that further de-risks the development timeline and positions the property for near-term construction readiness. Combined with the existing PUD, the site is as shovel-ready as a parcel of this magnitude can be.

The market fundamentals back the investment case. Jefferson County’s multifamily vacancy rate sits at just 5.3% — a figure that reflects sustained demand and limited supply in the submarket. House Springs, located off Highway 30 at Carol Park Road, offers the accessibility and suburban appeal that today’s renters increasingly seek, with convenient connectivity to the broader St. Louis metro without the density or cost of urban living.

For developers and investors seeking a large-scale, entitled multifamily site with infrastructure momentum and strong market support, this Jefferson County offering deserves serious attention.