UPDATED:
Key Details
Property Type Multi-Family
Sub Type 2-4 Units
Listing Status Active
Purchase Type For Sale
Square Footage 4,692 sqft
Price per Sqft $117
Subdivision Cabanne Walkers Add
MLS Listing ID 26029112
Style Historic
Year Built 1906
Annual Tax Amount $5,713
Lot Size 9,108 Sqft
Acres 0.2091
Property Sub-Type 2-4 Units
Property Description
Rare opportunity to acquire a stabilized 5-unit multifamily property in the heart of Soulard. The property is currently 100% occupied with gross annual rental income of approximately $50,700 and a history of strong occupancy. Current tenants pay their own electric and gas, helping reduce owner operating expenses. Recent major HVAC capital improvements and a TPO roof that was recently sealed provide added confidence for future ownership.
The property features attractive historic brick architecture, hardwood flooring, updated interiors, tenant storage, shared laundry facilities, and two basement areas offering additional functionality for ownership and residents.
Investment upside remains through future rent growth and market-rate alignment as units turn over. Located within walking distance of Soulard's restaurants, entertainment, and employment centers, this is an excellent opportunity for investors seeking a stabilized asset with long-term appreciation potential.
Rent roll, income and expense statements, and additional financial information available upon request.
Location
State MO
County St Louis City
Area 2 - Central East
Rooms
Basement Dirt Floor, Exterior Entry, Storage Space, Unfinished
Interior
Interior Features Breakfast Bar, Ceiling Fan(s), Dining/Living Room Combo, High Ceilings, High Speed Internet
Heating Natural Gas
Cooling Ceiling Fan(s), Central Air
Flooring Hardwood
Fireplace Y
Appliance Dishwasher, Disposal, Free-Standing Electric Oven
Laundry In Basement
Exterior
Exterior Feature Entry Steps/Stairs, Lighting
Parking Features false
Fence None
View Y/N No
Roof Type Flat,Membrane
Private Pool false
Building
Lot Description Near Public Transit
Story 2
Water Public
Level or Stories Two
Structure Type Brick
Schools
Elementary Schools Adams Elem.
Middle Schools Long Middle Community Ed. Center
High Schools Roosevelt High
School District St. Louis City
Others
Ownership Private
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
Nearby School & Business
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