$1,375,000

Estimated payment $7,991/month

Total Views 3,102
16 Beds
16 Baths
19,648 Sq Ft
$70 Price per Sq Ft

Highlights

  • 0.27 Acre Lot
  • No HOA
  • Forced Air Heating and Cooling System
  • Wood Flooring
  • Courtyard

About This Home

Here is an opportunity to own a newly renovated solid brick building with long-term tenants. 16 1 Bedroom, 1 Bath units in 2 buildings. Sale includes 4219-21 Ellenwood (8 units) and 4223-25 Ellenwood (8 units). About 3/4th of the units are renovated and updated with newer bathrooms, kitchens, appliances etc. leaving some room for further renovations and upside. Units have hardwood floors, central heating and cooling, updated kitchens and baths. Property enjoys long-term happy tenants, steady and reliable cash flow with some leases going into 2027. Solid investment in a great rental area with upside potential. The property is conveniently located and walking distance from historic Bevo mill, bus stops, Southtown Centre, several restaurants, and establishments. Property is attractively priced at 8.2% CAP rate.

Listing Agent

Aj Angajala

NextDoor Realty LLC License #2015023695 Listed on: 07/16/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,167

Year Built

  • Built in 1927 | Remodeled

Lot Details

  • 0.27 Acre Lot

Parking

  • Off-Street Parking

Home Design

  • Brick Exterior Construction
  • Concrete Perimeter Foundation

Interior Spaces

  • 19,648 Sq Ft Home
  • 2-Story Property
  • Panel Doors
  • Basement

Flooring

  • Wood
  • Ceramic Tile
  • Luxury Vinyl Tile

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 16 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Courtyard
  • Exterior Lighting

Schools

  • Buder Elem. Elementary School
  • Long Middle Community Ed. Center
  • Roosevelt High School

Utilities

  • Forced Air Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 5465-00-0260-0

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 16 Units

Building Details

  • 16 Leased Units
  • Gross Lease
  • Net Operating Income $112,526

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,167

Year Built

Built in 1927 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Cross Street: Gravois
  • Year Built: 1927
  • Directions: Turn right onto Ellenwood from Gravois. Second building on the right side.
  • Property Sub-Type: 5 Family or More
  • ResoCommunityFeatures: Sidewalks
  • ResoLaundryFeatures: Laundry Room
  • ResoLotFeatures: City Lot, Level
  • Lot Size Acres: 0.27
  • Road Frontage Type: City Street
  • Road Surface Type: Asphalt
  • ResoSecurityFeatures: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Total Gross Income: 145760
  • Co List Office Phone: 314-930-9990
  • Outside Inclusions: Building
  • MLS Status: Active
  • Above Grade Finished Sq Ft: 19648
  • Architectural Style: Apartment Style
  • Carport Y N: No
  • Unit Levels: Two
  • New Construction: No
  • ResoPropertyCondition: Updated/Remodeled
  • Reso Structure Type: Apartment Building
  • Financial Info Electric: Ameren
  • MIS_AboveGradeFinishedAreaSrchSqFt: 19648.00
  • MIS_SellerConsiderConcessionYN: 1
  • MIS_PoolYN: 0
  • MIS_UnitCount: 1
  • MIS_BelowGradeFinishedAreaSrchSqFt: 0.00
  • MIS_AuctionYN: 0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Concrete
  • Interior Amenities: Ceiling Fan(s), Dining/Living Room Combo
  • Appliances: Electric Range, Gas Range, Refrigerator
  • Basement YN: Yes
  • Total Bedrooms: 16
  • Door Features: Panel Door(s)
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood, Luxury Vinyl

Exterior Features

  • Fencing: Chain Link
  • Roof: Flat
  • Pool Private: No
  • Waterfront: No
  • Disclosures: Agent Owned
  • Construction Type: Brick
  • Exterior Features: Courtyard, Lighting
  • Foundation Details: Concrete Perimeter

Garage/Parking

  • Attached Garage: No
  • Attached Garage: No
  • Parking Features: Off Street

Utilities

  • Cooling: Central Air
  • Heating: Forced Air
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Elementary School: Buder Elem.
  • Junior High Dist: St. Louis City
  • High School: Roosevelt High
  • Middle Or Junior School: Long Middle Community Ed. Center

Lot Info

  • Parcel Number: 5465-00-0260-0

Rental Info

  • Owner Pays: Hot Water, Sewer, Trash, Water

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 6167

Multi Family

  • Number Of Units In Community: 16
  • Number Of Units Total: 16
  • Existing Lease Type: Gross
  • Net Operating Income: 112526
  • Number Of Units Leased: 16

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/16/2025 07/16/25 For Sale $1,375,000 +111.5% $70 / Sq Ft
08/27/2019 08/27/19 Sold -- -- --
08/16/2019 08/16/19 Pending -- -- --
06/20/2019 06/20/19 For Sale $650,000 0.0% $126 / Sq Ft
05/29/2019 05/29/19 Pending -- -- --
05/23/2019 05/23/19 For Sale $650,000 -- $126 / Sq Ft
Source: MARIS MLS

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Source: MARIS MLS

MLS Number: MIS25048792

MARIS MLS

APN: 546500-02600