1709 S 8th St - Apartments FOR SALE


Saint Louis, MO 63104- Soulard
$875,000 USD
314-292-9080
1709 S 8th St, Saint Louis, MO for Sale
$875,000 USD
Apartments - FOR SALE
1/18
null | Request Cap Rate

1709 S 8th St
Saint Louis, MO 63104
Soulard


OVERVIEW

Investment Overview 1709–1711 South 8th Street is a 6-unit historic brick multifamily asset located in the heart of Soulard, one of St. Louis’ most established and high-demand rental neighborhoods. Positioned just three blocks from the Soulard Farmers Market, the property benefits from exceptional walkability, strong tenant demand, and long-term neighborhood stability. Constructed in 1892, the property reflects classic St. Louis red-brick multifamily architecture and has been thoughtfully maintained with targeted capital improvements that enhance operational reliability while preserving historic character. The offering represents an opportunity to acquire a stabilized, income-producing asset with flexible ownership and exit strategies. Property Description The property consists of six (6) residential units across two separately deeded buildings, each containing three units. The current unit mix includes: 2 × 2-Bedroom / 1-Bathroom 2 × 1-Bedroom / 1-Bathroom 2 × Studio / 1-Bathroom Current in-place rents generate $6,692 in monthly gross income (subject to rent roll verification). All units are residential and supported by a rear surface parking lot with six (6) dedicated spaces, providing one parking space per unit—an uncommon and highly valuable amenity in the Soulard submarket. An unfinished basement provides access to mechanical systems and may offer future potential for shared tenant storage or operational improvements. Capital Improvements & Systems The ownership has completed several meaningful capital improvements aimed at preserving the building envelope, improving common areas, and upgrading key systems, including: Exterior tuckpointing on front façades and critical structural areas (1709–1711) New lighting and fresh paint throughout hallways and entry areas New furnace installation for 1709 S 8th Street, Unit 2 (April 2022) New AC coil installation (June 2024) These improvements help mitigate near-term capital exposure and support stable ongoing operations. Investment Highlights Prime Soulard location within walking distance to dining, nightlife, and community amenities Historic brick construction with strong curb appeal Dedicated parking (6 spaces)—a major tenant draw in an urban setting Separately deeded buildings, offering flexibility for future disposition Potential owner-occupant financing if buildings are sold individually (buyer to verify) Stable in-place income with long-term rental demand drivers Location & Market Soulard is one of St. Louis’ most recognizable historic neighborhoods, known for its vibrant street life, architecture, and proximity to downtown employment centers. Tenant demand remains consistently strong due to limited supply, historic preservation, and lifestyle amenities. Properties within walking distance of the Soulard Market historically outperform broader city averages in occupancy and rent stability. Conclusion 1709–1711 S 8th Street offers investors a rare combination of historic character, functional unit mix, dedicated parking, and structural flexibility in a core St. Louis submarket. This asset is well-suited for investors seeking a stabilized hold with optional future exit strategies, including individual building disposition or owner-occupant resale.

FOR SALE DETAILS

PRICE

$875,000 USD

PRICE/SF

$347 USD /SF

# OF UNITS

6

PRICE/UNIT

$145,833

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1892

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

D

APN/PARCEL ID

0382-00-0090-0

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Igal AlonSmart RentalsMore Info
314-292-9080

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Igal AlonSmart RentalsMore Info
314-292-9080

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