Corner of Allen Ave and Menard St
Front of the building on Allen Ave
Allen Ave streetscape in Soulard
Menard St side of the building
Gated, fenced backyard
Backyard
Off-street parking pad behind the building
Fenced side yard and gate
Unit 3E kitchen (3 bed / 2 bath)
Unit 3E kitchen and living area
Unit 3E kitchen island
Unit 3E living area with exposed-beam ceiling
Unit 3E kitchen
Unit 3E bedroom
Unit 3E bedroom
Unit 3E bedroom
Unit 3E bathroom with glass shower
Unit 3E bath with stacked washer and dryer
Unit 2E (1 bed / 1 bath), shown furnished
Unit 2E living room, shown furnished
Unit 2E living room
Unit 2E bedroom
Unit 2E kitchen and living area
Unit 2W kitchen (1 bed / 1 bath)
Unit 2W living area
Unit 2W kitchen
Unit 2W kitchen island and range
Unit 2W bedroom
Unit 2W bathroom
Unit 2W in-unit washer and dryer
Unit 1E kitchen (3 bed / 2 bath)
Unit 1E living room with storefront windows
Unit 1E kitchen
Unit 1E kitchen
Unit 1E bedroom
Unit 1E bedroom
Unit 1E bathroom
Unit 1E bathroom
Original 1024 front door
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.
0 Bed
0 Bath
4,590 sq.ft
$0 per sq.ft
Historic,Victorian
$ 899,000
Coming Soon
0
26069855
0
0
4,590
Allens Add
St Louis City
St. Louis City
St Louis City
Residential Income
Historic,Victorian
Residential Income
$11,755
Last 6 closed homes in this zip.
| Address | Bd/Ba | SqFt | List | Sold | Closed |
|---|---|---|---|---|---|
| 2401 S 12th Street, 101, St Louis City, MO 63104 | 1/1 | 1,039 | $185,000 | $185,000 100% of ask |
Nov 4, 2026 |
| 1109 Lami Street, St Louis City, MO 63104 | 3/2 | 1,854 | $349,900 | $350,000 100% of ask |
Nov 4, 2026 |
| 3509 Park Avenue, St Louis City, MO 63104 | 4/2 | 1,602 | $268,000 | $265,000 98.9% of ask |
Nov 4, 2026 |
| 2010 S 8th Street, St Louis City, MO 63104 | 0/0 | -- | $2,100 | $2,100 100% of ask |
Nov 4, 2026 |
| 2635 Saint Vincent Avenue, St Louis City, MO 63104 | 2/2 | 1,260 | $174,500 | $155,000 88.8% of ask |
Nov 3, 2026 |
| 2309 S 12th Street, St Louis City, MO 63104 | 4/4 | 3,100 | $750,000 | $750,000 100% of ask |
Nov 2, 2026 |
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Coming soon
BRAND NEW 2-family in the heart of Soulard! Renovated top to bottom in Fall 2026: NEW ROOF, NEW FURNACES, NEW A/C CONDENSERS, NEW WATER HEATERS, new electrical, new PEX water lines, new PVC stacks, and the brick is fully tuckpointed - a buyer should have almost no maintenance expenses for years to come. Both units are 2 bed / 1 bath with IN-UNIT LAUNDRY, quartz counters, big soft-close cabinets, tile baths, LVP flooring (no carpet), exposed brick and high ceilings. 3 GATED OFF-STREET SPACES - parking for every unit. Lower unit leased at $1,710/mo in total charges; upper targeted at $1,760 (8.5% pro forma cap). Live in one and let the other help pay the mortgage, rent both, or Airbnb a unit for Mardi Gras and Cardinals weekends (city STR permit required). Walk to Soulard Market, bars and restaurants. Also offered as a 6-unit package (MLS 26065792). SELLER NEEDS TO SELL BEFORE 2027 - tour it and write an offer!
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.
