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
0 Bed
0 Bath
31,898 sq.ft
$44 per sq.ft
Mid-Rise 3or4 Story
$ 995,000
Active
450
25028864
0
0
31,898
Visitation Park-49
St Louis City
St. Louis City
St Louis City
Residential Income
Mid-Rise 3or4 Story
Sale
Residential Income
100
Apartment Complex,Needs Rehab
$3,486
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 |
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