1916 Menard St Saint Louis, MO 63104
Soulard NeighborhoodEstimated payment $5,968/month
Highlights
- 0.1 Acre Lot
- No HOA
- Laundry Facilities
- Sigel Elementary Community Ed. Center Rated 10
- Forced Air Heating and Cooling System
- 3-minute walk to Frenchtown Dog Park
About This Home
1916-1922 Menard is an 8unit multifamily property in the heart of Soulard, 1 block from the 2nd biggest Mardi Gras parade in the United States. This building features four 2bed/1.5bath units and four 1bed/1bath units. The 2beds are huge units, over 1000sqft of living space and are 2 levels. There is a gated backyard (rare for Soulard). All the windows on the backside of the building have been replaced, a lot of the deck has been replaced and the building has had recent tuck-point work done. As of July 1, this property will be 100% leased and bringing in $9,060/month ($108,720 annually). The expenses come out to about $2,432/month ($29,186 annually) which makes the NOI $74,097 if you account for 5% vacancy. This property is priced at a 7.06% cap rate and still has room to raise rents. The next door restaurant; Dukes, has a shuttle that takes people to and from every Cardinals, Blues, STL FC game and every downtown concert- for free! Walk to dozens of other bars, restaurants or coffee shops + enjoy constant neighborhood events such as Octoberfest. Anheuser-Busch, one of St Louis largest employers being located in Soulard. Many Saint Louis University and A.T. Still University (dental) students choose to live in Soulard. See Rent Roll in the Offering Memorandum. The common areas can be viewed anytime and 1 unit can be toured with proof of funds provided (building is currently fully occupied).
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,077
Year Built
- Built in 1896
Lot Details
- 4,500 Sq Ft Lot
Parking
- On-Street Parking
Home Design
- 10,080 Sq Ft Home
- Brick Exterior Construction
Schools
- Sigel Elem. Comm. Ed. Center Elementary School
- Long Middle Community Ed. Center
- Roosevelt High School
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- Gas Water Heater
Listing and Financial Details
- Assessor Parcel Number 0667-00-0010-0
Community Details
Overview
- No Home Owners Association
- 8 Units
- Mid-Rise Condominium
Additional Features
- Laundry Facilities
- Net Operating Income $61,510
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/13/2025 06/13/25 | For Sale | $1,050,000 | -- | $104 / Sq Ft |
Source: MARIS MLS
MLS Number: MIS25040325
APN: 066700-00100
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