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Stephanie Muhlenfeld

smuhlenfeld@gmail.com +1(314) 597-7494

$ 1,624,900

Est. payment | -/mo

Save

$ 1,624,900

Est. payment | -/mo

Save

Key Details

Property Type Multi-Family

Sub Type 5 Family or More

Listing Status Active

Purchase Type For Sale

Subdivision Soulards Add

MLS Listing ID 26059658

Style Traditional

Year Built 1893

Property Sub-Type 5 Family or More

Property Description

Eight units, 100% occupied, in the heart of historic Soulard, available as a single portfolio for $1,649,000. This package combines two classic brick four-family buildings, 801-803 Russell Blvd and 1216-1218 Soulard St, and delivers immediate cash flow from day one. Current contractual rent totals $13,950/month ($167,400/year), producing an annualized NOI of $140,718 and an 8.53% in-place cap rate at just $206,125 per unit. Both buildings have been thoughtfully renovated, with modern kitchens, stainless appliances, updated baths, and in-unit laundry, and the portfolio can be sold furnished for a true turnkey acquisition. Staggered leases, some running into 2028, add stability. Soulard is one of St. Louis' most in-demand rental neighborhoods: steps to Soulard Market, restaurants, and nightlife, and minutes to Busch Stadium, downtown, and major highways. Opportunities to acquire eight renovated, fully leased units in a single transaction here are rare. Schedule your showing today. Package sale only. Figures reflect an annualized current run rate, not a historical T-12, and exclude unprovided expense categories. Buyer to verify all information.

Location

State MO

County St Louis City

Area 2 - Central East

Interior

Heating Forced Air

Cooling Central Air

Fireplace N

Exterior

View Y/N No

Building

Structure Type Brick

Schools

Elementary Schools Sigel Elem. Comm. Ed. Center

Middle Schools Fanning Middle Community Ed.

High Schools Roosevelt High

School District St. Louis City

Others

Acceptable Financing 1031 Exchange, Cash, Conventional, FHA, Other, Private

Listing Terms 1031 Exchange, Cash, Conventional, FHA, Other, Private

Special Listing Condition Package

Listed by Anthony Cova • The Cova Group

Schools and Properties Nearby

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+1(314) 597-7494

smuhlenfeld@gmail.com

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801-803 Russell Blvd St Louis, MO 63104