UPDATED:
Key Details
Property Type Multi-Family
Sub Type 2-4 Units
Listing Status Active
Purchase Type For Sale
Square Footage 5,162 sqft
Price per Sqft $87
Subdivision C B 5017 Arsenal
MLS Listing ID 26026004
Style Victorian
Year Built 1912
Annual Tax Amount $4,267
Lot Size 6,721 Sqft
Acres 0.1543
Property Sub-Type 2-4 Units
Property Description
Positioned along the northern edge of Tower Grove South, the property enjoys direct access to the 289-acre National Historic Landmark Tower Grove Park with its weekly farmers' market, free St. Louis Symphony concerts, and seven miles of trails. The location provides outstanding connectivity to major employment centers, with BJC HealthCare and Washington University Medical Center three miles north, Saint Louis University two miles northeast, and the Cortex Innovation District 2.5 miles north. The forthcoming $18 million Tower Grove Connector will further enhance commuter accessibility upon its 2026 completion.
We believe this represents a compelling investment based on the extraordinary location where Tower Grove Park-facing buildings rarely become available. With estimated market rents of $1,550 per month and the potential for the true three-bedroom unit to achieve $1,750 or higher depending on finishes, the renovated property could reach an approximate $800,000 stabilized value. A comparable four-unit building recently sold for $775,000 despite being smaller and less updated. Missouri State and Federal Historic tax credits may provide additional return enhancement for this 1912-vintage building in one of St. Louis' most vibrant historic neighborhoods.
Location
State MO
County St Louis City
Area 3 - South City
Rooms
Basement Concrete
Interior
Heating Forced Air
Cooling Ceiling Fan(s), Central Air
Fireplace N
Appliance Electric Cooktop
Exterior
Parking Features false
Fence Chain Link
Utilities Available Electricity Connected, Sewer Connected, Water Connected
View Y/N No
Roof Type Membrane
Private Pool false
Building
Water Public
Structure Type Brick
Schools
Elementary Schools Mann Elem.
Middle Schools Long Middle Community Ed. Center
High Schools Roosevelt High
School District St. Louis City
Others
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
Special Listing Condition Standard
Nearby School & Business
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