$1,000,000
UNDER CONTRACT

Estimated payment $5,820/month

Total Views 1,606
-- Beds
12 Baths
9,681 Sq Ft
$103 Price per Sq Ft

Highlights

  • 6 Fireplaces
  • Forced Air Heating and Cooling System
  • Vinyl Flooring
  • No HOA
  • Partially Fenced Property

About This Home

Rare opportunity to acquire a fully repositioned 6-unit multifamily building in the heart of St. Louis's historic West End — steps from the Central West End, Washington University, the Delmar Loop, and Forest Park. This classic 3-story brick walk-up has undergone a comprehensive $550,000 renovation, delivering six spacious 3-bedroom/2-bathroom units averaging 1,500 SF each — one of the largest unit configurations available in this submarket. All interior work is 100% complete, including premium new kitchens, updated bathrooms, modern flooring, and brand-new mechanical, electrical, and plumbing systems throughout. Four units are currently occupied with leases in place, and two turnkey-ready units are available for immediate lease-up at market rate. Current in-place income is $7,379/month with a stabilized annual income of $132,108 including utility reimbursements. At the $1,000,000 list price, the property delivers a 9.79% acquisition cap rate — significantly above the local market average of 7.40% — with an as-is appraised value of $1,040,000, providing immediate equity at closing. With all-new MEP systems in place, capital expenditure liability over the next 7–10 years is expected to be minimal. In-unit washer/dryer hookups in every unit support above-average rents and tenant retention. An ideal acquisition for investors seeking immediate cash flow, strong yield, and long-term appreciation in one of St. Louis's most supply-constrained rental corridors.

Listing Agent

Benjamin Wedi

EXP Realty, LLC License #2024035792 Listed on: 06/12/2026

EXP Realty, LLC

Co-Listing Agent

David Ounanian

EXP Realty, LLC License #2013004258

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 10,672 Sq Ft Lot
  • Partially Fenced Property
  • Wood Fence

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 12 Bathrooms
  • 9,681 Sq Ft Home
  • 6 Fireplaces
  • Vinyl Flooring
  • Laundry in unit
  • Basement

Parking

  • Parking Pad
  • Off-Street Parking

Schools

  • Hamilton Elem. Community Ed. Elementary School
  • Langston Middle School
  • Sumner High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • 220 Volts
  • Natural Gas Connected

Listing and Financial Details

  • Assessor Parcel Number 4539-00-0230-0

Community Details

Overview

  • No Home Owners Association
  • 6 Units
  • Mid-Rise Community

Building Details

  • 4 Leased Units

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

10,672 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Year Built: 1923
  • Property Sub-Type: 5 Family or More
  • ResoLaundryFeatures: In Unit
  • Lot Size Acres: 0.245
  • Co List Office Mls Id: MISEXRT01
  • Co List Office Phone: 866-224-1761
  • Co List Office Phone: 866-224-1761
  • MLS Status: Active Under Contract
  • Subdivision Name: Clemens Place Add
  • Above Grade Finished Sq Ft: 9681
  • Architectural Style: Mid-Rise 3or4 Story
  • Carport Y N: No
  • New Construction: No
  • Reso Structure Type: Apartment Building
  • Financial Info Electric: 220 Volts, Ameren
  • PreviousStatus: Active
  • MIS_UnitCount: 6
  • Special Features: UnderContract
  • Property Sub Type: MultiFamily

Interior Features

  • Basement YN: Yes
  • Fireplaces: 6
  • Fireplace: Yes
  • Flooring: Vinyl

Exterior Features

  • Fencing: Partial, Wood
  • Waterfront: No
  • Disclosures: Lead Paint, Seller Property Disclosure
  • Construction Type: Brick

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Hamilton Elem. Community Ed.
  • Junior High Dist: St. Louis City
  • High School: Sumner High
  • Middle Or Junior School: Langston Middle

Lot Info

  • Lot Size Sq Ft: 10672.2
  • Parcel Number: 4539-00-0230-0

Multi Family

  • Number Of Units Leased: 4

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $3,948 $77,670 $2,130 $75,540
2025 $4,036 $47,880 $2,130 $45,750
2024 $3,839 $47,880 $2,130 $45,750
2023 $3,839 $47,880 $2,130 $45,750
2022 $3,068 $36,780 $2,130 $34,650
2021 $3,064 $36,780 $2,130 $34,650
2020 $3,040 $36,780 $2,130 $34,650
2019 $3,030 $36,790 $2,130 $34,660
2018 $2,975 $35,000 $2,130 $32,870
2017 $2,924 $35,000 $2,130 $32,870
2016 $2,962 $35,000 $2,130 $32,870
2015 $2,684 $35,000 $2,130 $32,870
2014 $2,615 $34,110 $2,130 $31,980
2013 -- $34,110 $2,130 $31,980
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/12/2026 06/12/26 For Sale $1,000,000 0.0% $103 / Sq Ft
12/04/2025 12/04/25 Off Market $1,700 -- --
06/02/2025 06/02/25 For Rent $1,700 0.0% --
08/11/2023 08/11/23 Sold -- -- -- View Prior Sale
06/06/2023 06/06/23 Price Changed $365,000 -7.6% $33 / Sq Ft
01/11/2023 01/11/23 Price Changed $395,000 -4.8% $35 / Sq Ft
12/22/2022 12/22/22 Price Changed $415,000 -2.4% $37 / Sq Ft
11/17/2022 11/17/22 For Sale $425,000 +28.8% $38 / Sq Ft
06/18/2021 06/18/21 Sold -- -- -- View Prior Sale
12/22/2020 12/22/20 Pending -- -- --
09/02/2020 09/02/20 For Sale $330,000 +50.1% $17 / Sq Ft
12/27/2017 12/27/17 Sold -- -- -- View Prior Sale
12/19/2017 12/19/17 Pending -- -- --
10/23/2017 10/23/17 For Sale $219,900 -- $11 / Sq Ft
Source: MARIS MLS

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Warranty Deed -- Title Experts
Warranty Deed $280,000 Investors Title Company
Warranty Deed $225,000 None Available
Warranty Deed $250,000 None Available
Quit Claim Deed -- None Available
Warranty Deed -- Ort
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Open $715,000 Credit Line Revolving
Closed $637,670 Construction
Previous Owner $301,000 Construction
Previous Owner $175,000 Commercial
Previous Owner $91,600 Future Advance Clause Open End Mortgage
Source: Public Records

Source: MARIS MLS

MLS Number: MIS26036707

MARIS MLS

APN: 453900-02300

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