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5315 Cabanne Avenue, St Louis City, MO, 63112

The Cabanne Castle is a three-story Tudor-style brick condominium building in the West End, totaling approximately 31,898 sq. ft. It includes 42 units: (24) 1-bed 1-bath and (18) 2-bed / 1-bath. Market rent for the 1 bedrooms is $1,285 based on 24 single bedroom apartments within a mile in the last year, 2 bedrooms avg rent is $1,476 based on 21 apartments in the last 18 months. Pro forma income once renovated and stabilized is $647,562 with net income of $420,916. The lower level offers 24 underground parking spaces and room for tenant storage. This multi-family rehab is ideal for developers or investors. While the project needs completion, many plans and permits have already been approved by the city (some will require renewal). Completed improvements include demolition, new rear and side windows, tuckpointing, framing, and leveled floors. The building is ready for mechanical, electrical, and plumbing installation. An adjacent lot is included and can be used for additional parking. Historic tax credits are available. The lower level offers potential for added units, a lounge, or a gym. Estimated ARV: $5,800,000 Estimated Completion Cost: $3,000,000 Potential Tax Credits: $1,000,000+. There is potential for more than 32% equity upon completion. Seller financing is available for well-qualified buyers. Seller will consider all reasonable offers

Subdivision: Visitation Park-49

List Price

$ 995,000

Status

Active

Days on market

450

MLS#

25028864

Bedrooms

0

Full baths

0

Sq. Ft. Above

31,898

Subdivision

Visitation Park-49

Municipality

St Louis City

School District

St. Louis City

County

St Louis City

Property Type

Residential Income

Style

Mid-Rise 3or4 Story

Transaction Type

Sale

Type

Residential Income

Age

100

Conditions

Apartment Complex,Needs Rehab

Additional Information

Property Tax (2024)

$3,486

Recent Nearby Sales in 63112

Last 6 closed homes in this zip.

Address Bd/Ba SqFt List Sold Closed
5575 Waterman Boulevard, B, St Louis City, MO 63112 3/2 1,684 $289,000 $278,000
96.2% of ask
Jul 22, 2026
1019 N Skinker Parkway, 224, St Louis City, MO 63112 3/2 1,560 $1,950 $1,950
100% of ask
Jul 22, 2026
321 Belt Avenue, 201, St Louis City, MO 63112 3/2 1,549 $2,300 $2,300
100% of ask
Jul 17, 2026
6117 Westminster Place, St Louis City, MO 63112 5/4 2,660 $699,000 $670,000
95.9% of ask
Jul 17, 2026
5330 Pershing Avenue, 606, St Louis City, MO 63112 2/2 845 $1,145 $1,145
100% of ask
Jul 17, 2026
5696 Kingsbury Avenue, 107, St Louis City, MO 63112 1/1 570 $65,000 $65,000
100% of ask
Jul 15, 2026

Price & Listing History

Listed for sale
May 2, 2025 at $1,099,000
Price reduced by $104,000 (9.5%)
From $1,099,000 to $995,000
Current status: Active
As of Jun 12, 2026 · $995,000

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