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Lynne Hart

lynne@saintlouisrealestate.co +1(314) 324-6907

$574,900

Est. payment - /mo

4,128 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type 2-4 Units

Listing Status Active

Purchase Type For Sale

Square Footage 4,128 sqft

Price per Sqft $139

Subdivision Mcree Add

MLS Listing ID 26039282

Style Traditional

Year Built 1891

Annual Tax Amount $1,267

Lot Size 0.317 Acres

Acres 0.317

Property Sub-Type 2-4 Units

Property Description

Opportunity to acquire an updated three-family asset in The Grove, one of St. Louis' most desirable central corridor neighborhoods. Located near Forest Park, the Missouri Botanical Garden, Cortex, Barnes-Jewish Hospital, and the shops, restaurants, and nightlife along Manchester Avenue, 1133 Talmage offers strong rental appeal with both owner-occupant and investor upside. The 4,164 square foot building includes a spacious, converted three-bedroom, two-bath townhome unit with more than 2,000 square feet, plus two large one-bedroom, one-bath units, each offering more than 1,000 square feet. The townhome unit is currently vacant, making it an ideal option for an owner-occupant looking to live in one unit while the existing tenants help offset the mortgage. The two one-bedroom units are occupied by long-term month-to-month tenants at below-market rents of $1,110 and $995 per month, creating a clear opportunity to increase income over time. Nearby rental comparables show similar one-bedroom units averaging approximately $1,625 within a 1.5-mile radius, while comparable three-bedroom units average approximately $2,342 within a 3-mile radius. The building features updated kitchens, some stainless steel appliances, updated bathrooms, fireplaces, central air, hardwood floors, in-unit washers and dryers, a partially fenced backyard, patio space, and balconies for the upper-floor units. With a desirable location, large unit layouts, existing rental income, and a vacant owner-occupant-ready townhome, 1133 Talmage offers a strong combination of stability and upside in The Grove.

Location

State MO

County St Louis City

Area 3 - South City

Interior

Heating Electric, Forced Air

Cooling Ceiling Fan(s), Central Air, Electric

Fireplace N

Appliance Electric Water Heater

Laundry Laundry Room

Exterior

Exterior Feature Balcony

Parking Features true

Fence Partial

View Y/N No

Building

Water Public

Structure Type Brick

Schools

Elementary Schools Adams Elem.

Middle Schools Fanning Middle Community Ed.

High Schools Vashon High

School District St. Louis City

Others

Acceptable Financing 1031 Exchange, Cash, Conventional, FHA

Listing Terms 1031 Exchange, Cash, Conventional, FHA

Special Listing Condition Standard

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Listed by Jeffrey Jollar • Invest St. Louis

Nearby School & Business

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Lynne Hart

+1(314) 324-6907

Agent | License ID: 2015021561

Agent License ID: 2015021561

1133 Talmage AVE St Louis, MO 63110

Lynne Hart

Key Details

Location

Interior

Exterior

Building

Schools

Others

Nearby School & Business

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