Fully renovated, 100% occupied four-unit in the center of Soulard, offered at $899,000. The building brings in $7,540 a month ($90,480 a year) and produces a 7.13% cap rate on actual expenses. It also has something most Soulard buildings don't: three off-street parking spaces and a fenced, gated backyard in the dead center of Soulard right by Dukes. ASK THE LISTING AGENT / YOUR AGENT FOR THE MARKETING OM (brochure) WITH TONS OF EXTRA INFO. THE UNITS: Unit 1E (1st floor) is a 3 bed / 2 bath of about 1,519 sq ft with the original storefront windows, quartz counters, a double-vanity bath and hardwood floors, leased at $2,380/mo through 5/31/27. Unit 2E (2nd floor east) is a 1 bed / 1 bath of about 759 sq ft with an island kitchen, updated bath and in-unit laundry, leased at $1,365/mo through 1/31/27. Unit 2W (2nd floor west) is a 1 bed / 1 bath of about 759 sq ft with an open island kitchen, renovated bath and in-unit laundry, leased at $1,365/mo through 7/30/27. Unit 3E (3rd floor) is a 3 bed / 2 bath of about 1,519 sq ft with a stainless kitchen and island, exposed-beam ceilings, a glass-enclosed tile shower and in-unit laundry, leased at $2,430/mo through 6/30/27. THE NUMBERS: Gross rent is $90,480 a year. Operating expenses are $21,875 (2025 taxes, a current insurance quote, and the last 12 months of water, sewer, trash and repairs), leaving $64,081 in net operating income after a 5% vacancy allowance. That is $224,750 per unit. Tenants pay their own electric and gas. The property appraised at $900,000 in 2024. WHY IT STANDS OUT: Central air, updated PVC plumbing and in-unit laundry in every unit keep upkeep low; repairs totaled $2,255 over the last 12 months. The two closest comparable sales, four-unit buildings on Russell Blvd with the same unit mix, brought in about 8% less rent and had no parking (both for $825,000 each). SHORT-TERM RENTAL OPTION: Soulard draws visitors all year for Mardi Gras, Oktoberfest, the Soulard Farmers Market, Cardinals games and CITY SC. Furnished, this building could run like a small Soulard boutique hotel. At St. Louis market averages (about $119 a night for a 1 bed and $241 a night for a 3 bed at roughly 40%, per AirROI data for Oct 2025 to Sep 2026). LOCATION: Walk Score 81. Steps from Soulard's bars and restaurants, an 8-minute walk to the Soulard Farmers Market, and a 5-minute drive to Busch Stadium and downtown. SEE OM FOR MAP SHOWING AMAZING LOCATION. SHOWINGS: Fully occupied. Showings are for pre-approved buyers only, by appointment through the listing agent. Please do not disturb the tenants. The listing agent has an ownership interest in the property.
Status: Coming Soon · MLS# 26069855 · Listing Courtesy of The Agency, [email protected]
MORE, REALTORS® is a licensed brokerage that lists and sells homes across the two state St. Louis metro, and the agent who answers is one of ours, looking at this listing with you. The national sites are lead generation businesses: they refer your question to an agent at some other firm in exchange for a referral fee, commonly 30% to 40% of that agent's commission. Why that matters to what you pay
0 Bed
0 Bath
4,590 sq.ft
$0 per sq.ft
Historic,Victorian
$ 899,000
Coming Soon
0
26069855
0
0
4,590
Allens Add
St Louis City
St. Louis City
St Louis City
Residential Income
Historic,Victorian
Residential Income
$11,755
Last 6 closed homes in this zip.
| Address | Bd/Ba | SqFt | List | Sold | Closed |
|---|---|---|---|---|---|
| 926 Allen Avenue, St Louis City, MO 63104 | 0/0 | 7,732 | $635,000 | $584,217 92% of ask |
Oct 30, 2026 |
| 922 Allen Avenue, St Louis City, MO 63104 | 0/0 | 7,732 | $840,000 | $715,783 85.2% of ask |
Oct 30, 2026 |
| 2016 Hickory Street, St Louis City, MO 63104 | 3/3 | 1,936 | $599,900 | $567,500 94.6% of ask |
Oct 29, 2026 |
| 2343 Menard Street, St Louis City, MO 63104 | 0/0 | 3,260 | $475,000 | $475,000 100% of ask |
Oct 29, 2026 |
| 1323 Shenandoah Avenue, St Louis City, MO 63104 | 3/3 | 2,144 | $325,000 | $319,000 98.2% of ask |
Oct 27, 2026 |
| 2326 Park Avenue, St Louis City, MO 63104 | 5/6 | 4,796 | $599,900 | $400,000 66.7% of ask |
Oct 27, 2026 |
Estimate your monthly payment. Adjust the sliders below.
Prefilled with the national 30 year fixed average, 7.24% as of Oct 29, 2026 (Freddie Mac). Your rate will differ. Estimate only. Not a loan offer. Consult a lender for an accurate quote, including HOA fees, PMI, and current rates.