UPDATED:
Key Details
Property Type Multi-Family
Sub Type 5 Family or More
Listing Status Active
Purchase Type For Sale
Square Footage 7,056 sqft
Price per Sqft $106
Subdivision Allens Add
MLS Listing ID 26028452
Style Mid-Rise 3or4 Story
Year Built 1880
Annual Tax Amount $5,255
Lot Size 6,838 Sqft
Acres 0.157
Property Sub-Type 5 Family or More
Property Description
The unit mix features five 1-bedroom units and one oversized 3-bedroom / 2-bath, together generating $7,044/month ($84,528 annually) in in-place rent, with additional upside through lease rollovers and value-add execution. Current rents: 2419 ($1,060), 2419-A ($980), 2421 ($1,200), 2421-A ($910), 2423 ($1,120), and 2423-A ($1,774).
Inside you'll find hardwood floors, exposed brick, soaring ceilings, updated interiors, and in-unit laundry in select units. Recent capital improvements include a new roof (2020) and new concrete patio (2022). The massive gated rear yard opens the door to off-street parking or additional outdoor amenities, and a large unfinished attic creates a clear value-add path: convert one of the existing 1BR/1BA units into a 3BR/2BA by expanding into the attic, with projected market rent of approximately $2,250/month upon completion.
Seller is motivated to make a deal — and strongly prefers to sell alongside the adjacent lot at 2417 Menard Street. Both are available to package together, offering a buyer added flexibility for parking, expansion, or future development on a single contiguous footprint.
Located less than half a mile from Anheuser-Busch and minutes from Downtown St. Louis, tenants enjoy walking-distance access to Soulard's bars, restaurants, coffee shops, and the historic Soulard Farmers Market — one of the most desirable rental locations in the city.
Property is currently fully occupied. Call the listing agent to schedule a showing; preapproval or proof of funds required. Ask the listing agent for additional photos, rent roll, expenses, and system ages.
Location
State MO
County St Louis City
Area 2 - Central East
Interior
Heating Forced Air, Natural Gas
Cooling Central Air, Electric
Fireplace N
Appliance Gas Water Heater
Laundry Common Area, In Unit
Exterior
Parking Features false
View Y/N No
Building
Water Public
Structure Type Brick
Schools
Elementary Schools Sigel Elem. Comm. Ed. Center
Middle Schools Long Middle Community Ed. Center
High Schools Roosevelt High
School District St. Louis City
Others
Acceptable Financing 1031 Exchange, Cash
Listing Terms 1031 Exchange, Cash
Special Listing Condition Standard
Nearby School & Business
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