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$1,175,000sold price Closed

2608 S 11th Street, St Louis City, MO, 63118

0 ba | 7,980 sq ft | Historic
Subdivision: City/St Louis
2608–2614 S 11th Street is a fully renovated 8-unit multifamily asset located in the heart of Soulard, one of St. Louis’ most desirable and walkable urban neighborhoods. The property consists of four (4) 2-bedroom / 2-bath units with an average rent of $1455/month and four (4) 1-bedroom / 1-bath units with an average rent of $1256/month, totaling approximately 7,980 square feet across two parcels. Originally constructed in 1899, the building has been thoughtfully renovated while maintaining its historic brick exterior and architectural character. The property is 100% occupied and currently produces $10,845 in monthly rent ($130,140 annually), offering an attractive 7.04% in-place cap rate with clear upside to an 8.06% pro-forma cap rate through mark-to-market rent adjustments. Average in-place rents are $1,356 per unit, with several units leasing below market—most notably one 1BR unit at $900 versus a $1,375 market rent. All units feature in-unit laundry, modern finishes, forced-air HVAC systems, and updated kitchens and baths. The property also benefits from off-street parking (~5 spaces), a highly sought-after amenity in Soulard. Operating expenses are efficiently controlled at approximately 31.5% of gross income, and the property is currently self- managed, allowing for additional operational flexibility. Located just steps from Soulard’s renowned bars, restaurants, coffee shops, and the historic Soulard Farmers Market, the asset is ideally positioned to attract young professionals and urban renters seeking a walkable, lifestyle-driven neighborhood. This offering represents a rare opportunity to acquire a turnkey, stabilized multifamily asset in one of St. Louis’ strongest rental submarkets, with durable cash flow and built-in upside.

Status: Closed · MLS# 26005485 · Listing Courtesy of The Agency, [email protected]
Properties displayed may be listed or sold by various participants in the MLS.

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Facts and features

Sold Price

$ 1,175,000

List Price

$ 1,175,000

Status

Closed

Days on market

137

MLS#

26005485

Bedrooms

0

Full baths

0

Sq. Ft. Above

7,980

Subdivision

City/St Louis

Municipality

St Louis City

School District

St. Louis City

County

St Louis City

Property Type

Residential Income

Style

Historic

Type

Residential Income

Additional Information

Property Tax (2024)

$4,524

Recent Nearby Sales in 63118

Last 6 closed homes in this zip.

Address Bd/Ba SqFt List Sold Closed
3004 Louisiana Avenue, St Louis City, MO 63118 4/3 2,666 $440,000 $405,000
92% of ask
Nov 13, 2026
3464/3464 A Montana Street, 1&2, St Louis City, MO 63118 0/0 2,476 $149,900 $136,000
90.7% of ask
Nov 10, 2026
2761 Gravois Avenue, St Louis City, MO 63118 1/1 800 $650 $650
100% of ask
Nov 10, 2026
3005 Minnesota Avenue, St Louis City, MO 63118 2/2 1,496 $180,000 $190,000
105.6% of ask
Nov 9, 2026
2906 Virginia Avenue, St Louis City, MO 63118 3/3 2,116 $395,000 $395,000
100% of ask
Nov 9, 2026
3001 Keokuk Street, St Louis City, MO 63118 3/2 1,408 $74,999 $68,000
90.7% of ask
Nov 5, 2026

Price & Listing History

Listed for sale at $1,175,000
Jan 31, 2026
Sold for $1,175,000
Jun 17, 2026 · 100% of original list price · 137 days from listing to closing

Every time this home was on the market

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Most MLS-recorded sales near this home

Most closed sales in the last 12 months around this address, listing side and buyer side, plus this listing agent's record.

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