2 FAMILY IN SOULARD. FULL GUT REHAB. BRAND NEW EVERYTHING. Projected fully leased rent of $3,300 per month—$39,600 annually. Lease both units, or move into one and put an estimated $1,650 per month from the other toward your mortgage and ownership costs. This 1884 brick two-family is undergoing a complete renovation, with expected completion December 1, 2026. Both 2-bedroom, 1-bath units will be delivered vacant. New A/C, furnaces, water heaters, electrical, plumbing, windows, roof, kitchens and baths. With those major replacements addressed, ownership can mean fewer maintenance calls, less money spent on repairs and more rental income staying in your pocket—making the property more practical to manage yourself. Planned finishes include quartz counters, stainless appliances, marble-look tile and in-unit laundry, alongside original exposed brick. Planned rear improvements include gated asphalt parking and a resident turf area. Comparable units in the adjoining renovated four-family are leased at $1,650 and $1,687 per month. A 93 Walk Score puts Soulard restaurants and coffee shops close by. Projected rents assume completion and lease-up. Interior photos coming at completion.
Welcome to this inviting home that is only 4 years old. The end unit lot has a fantastic back yard that has been fully landscaped, new deck, firepit area, 3 car garage and large side yard perfect for pets or kids. Many updates inside include tiled backsplash in the kitchen, newer dishwasher, closet system in primary bedroom and 1st floor coat closet plus custom blinds. Basement is fully finishable with an egress window and roughed in bath. Walkable neighborhood close to Soulard Farmers Market, Lafayette Square and easy Highway access. The best of city living awaits. Schedule your showing today.
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.
