Exceptional opportunity to acquire a well-maintained 8-unit multifamily asset in the South City submarket of St. Louis. The property consists entirely of eight true 1-bedroom, 1-bathroom units, providing a highly sought-after unit mix that appeals to a broad tenant base and promotes consistent occupancy. Significant capital improvements have recently… Read More been completed, creating a strong foundation for future ownership. Two units have undergone extensive renovations and feature central air conditioning, offering immediate rental upside and a proven blueprint for future value-add improvements throughout the remaining units. In May 2026, ownership installed eight brand-new furnaces, ensuring reliable heating systems across the entire property and minimizing near-term maintenance concerns. Additionally, the property's electrical services were upgraded in May 2026, providing enhanced infrastructure and peace of mind for investors. Further enhancing the income potential, the property features an attached four-car garage with dedicated parking spaces. New ownership has the opportunity to generate additional revenue through garage and parking rentals, creating an attractive supplemental income stream beyond apartment rents. Read Less
Listing courtesy of Realty Exchange, 314-647-2220.
Listing Snapshot
Days Online
52
Last Updated
Property Type
5 Family Or More
Lot Size
0.13 Acres
Year Built
1928
MLS Number
26036804
Additional Details
Basement
Basement: Concrete, Basement
Building
Architectural Style: Apartment Style, Construction Materials: Brick Veneer, Levels: Two, Living Area: 5282 Sq. Ft., Number Of Units Total: 8, Year Built: 1928
Community
Neighborhood: Dutchtown
Cooling
Cooling: Ceiling Fan(s), Central Air, Wall/Window Unit(s)
Disclosures
Disclosures: Flood Plain No, Lead Paint, See Seller's Disclosure
Garage
4 garage spaces, Garage Included
Heating
Heating: Forced Air
Lot
Lot Size Acres: 0.1286, Lot Size Square Feet: 5601.82 Sq.Ft.
Property
Property Sub Type: 5 Family or More
Taxes
Annual Tax Amount: 3178, Tax Year: 2025
Utilities
Water Source: Public
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