BEDS0
BATHS
MLS#26059658
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONSoulards Add
SCHOOLSt Louis City
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.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air
Heating: Forced Air
Home Style: Traditional
Year Built: 1893
Feature Descriptions
Days on Site: 2
Exterior: Brick
Parcel#: 0408-00-0065-0
Local Schools
High School: Roosevelt High
Middle School: Fanning Middle Community Ed.
Elementary School: Sigel Elem. Comm. Ed. Center
School District: St Louis City
Listed By / Shown By
Listed By
Agency Name: The Cova Group
Shown By
Agent Name: Belinda Rhoads
Agent Phone: 314.578.7378
Agency Title: RedKey Realty Leaders
Estimate Your Payment
Estimated Payment
$ 9,470.11 per month $8,988.89 Principal & Interest $0.00 Property Tax (data not provided by mls) $481.22 Homeowner's InsuranceChange Payment Information
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801-803 Russell Blvd | MLS# 26059658
This multi-family property located at 801-803 Russell Blvd, Saint Louis, MO 63104 is currently listed for sale with an asking price of $1,649,900. 801-803 Russell Blvd is located within the St Louis City school district. Search Saint Louis real estate on www.belindarhoads.com today.