St Louis Real Estate Search

St Louis Multi-Family Properties for Sale

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Newest St Louis Multi-Family Homes for Sale

10031 Willdan Dr, St Louis
$550,000
ACTIVE Status ⋅ Brooke Mead
BACK ON THE MARKET - NO FAULT OF THE SELLER. Welcome to 10031 Willdan Drive, this Quadpex multifamily property offers a rare opportunity to own an income producing property in Lakeshire. Whether you are an investor looking for a strong addition to your portfolio or an owner occupant hoping to let rental income help offset your monthly expenses, this property gives you plenty of options from the start. Each unit features 2 bedrooms, 1 bathroom, a comfortable and functional layout, lower-level laundry and storage space and shared garage space. Units A and B are currently occupied by long-term tenants who would love to stay, while Units C and D are vacant, giving the next owner the opportunity to choose which unit they would like to call home and rent the other or lease both and maximize the property’s income potential. Currently both units are listed for rent. The current owner has been working on updates and maintenance to the property. Units A and B recently received new LVP flooring, kitchen cabinets and countertops. Unit C was updated approximately two years ago with new flooring, cabinets and countertops, while Unit D was just refreshed with new LVP flooring, fresh paint, appliances, kitchen cabinets and countertops. This property is appealing well beyond the investment numbers. The practical layouts offer plenty of room for everyday living, while the lower-level laundry, storage areas and garage spac add a lot of convenience for tenants. The overall setting feels more like home than a typical apartment complex. The location only adds to the appeal. Situated in the Lindbergh School District and conveniently positioned between I-55, I-44 and I-270, you can get all around the St. Louis area. Shopping, restaurants, grocery stores, parks and everyday services are all close by, making morning commutes, quick errands, dinner out and weekend plans easy and convenient. Well maintained, nicely updated and offering two vacant units, 10031 Willdan Drive is ready for its next owner to move in, rent out or create the perfect combination of both. Please do not disturb tenants. Listing photos shown are of Units C and D. Units A and B may be viewed with an accepted contract. Each unit offers a similar layout.

10031 Willdan Dr, St Louis

4655 Farlin Ave, St Louis
$100,000
ACTIVE Status ⋅ Julie Carter
Versatile, income-producing opportunity in the heart of the Penrose neighborhood! Currently tenant-occupied, providing rental income from the property from day one ($1,450). Adding to its long-term flexibility, the property has a rare zoning variance allowing a daycare for up to 18 children on the main level, creating options for an investor or future owner with a variety of potential uses. The existing tenancy makes 4655 Farlin particularly appealing for an investor seeking a property with income already in place rather than starting with vacant units. Looking ahead, the property's distinctive configuration and daycare variance provide additional possibilities as leases and occupancy needs evolve, whether continuing its residential use or exploring the approved daycare use on the main level. Situated on a quieter one-way street, the property features a fenced yard that provides useful outdoor space, along with a garage accessed from the rear alley for convenient off-street parking and storage. The layout and exterior configuration lend themselves well to the property's flexible residential and permitted daycare uses. Located in the Penrose neighborhood, the property enjoys convenient access to public transportation, including multiple bus routes. Outdoor and community amenities include Penrose Park, WC Handy Park, Tink Bradley Playground, and nearby community gardens. Just minutes away, Fairground Park provides additional recreational opportunities with expansive green space, trails, and lakes. The area also offers convenient access to I-70, I-55, and downtown St. Louis, connecting the property with employment centers, hospitals, educational institutions, and other destinations throughout the city. Neighborhood schools, community organizations, churches, and everyday conveniences are also within the surrounding area. With tenants occupying both levels, existing rental income, a fenced yard, rear garage, and the unusual benefit of an approved daycare variance for up to 18 children on the main level, 4655 Farlin Avenue offers an investor a combination of current income and long-term flexibility that is difficult to replicate. Income potential, long-term ownership, and the ability to perform as a productive real estate asset are the reasons this property was selected as part of the Penthouse Portfolio Collection.

4655 Farlin Ave, St Louis

814 N 19th St, St Louis
$3,400,000
ACTIVE Status ⋅ Garen Lafser
The Franklin School Apartments, a 75-unit, four-story, 77,127 SF historic conversion — originally built in 1909 as a school designed by prominent architect William Ittner and fully redeveloped in 2006 through a Historic Tax Credit renovation executed by HBD Construction, including all-new plumbing, electrical, HVAC, windows, and much more. The property leased to full occupancy within four months of that delivery, and nearly two decades later its core building systems remain sound, giving a buyer a renovation plan focused on cosmetic updates and lease-up rather than deferred infrastructure risk. At 66.7% occupancy with a predominantly month-to-month rent roll, the 25 vacant units here allow for a new owner to begin renovating and leasing immediately. Average in-place rents of $618/unit sit $232 below the $850/unit market average across 74 one-bedroom units and one studio, putting substantial upside within reach on nearly the entire building. Historic Tax Credit eligibility at the state and federal level further offsets renovation capital, and two attached grass lots add optionality for future parking or amenity development. Franklin School Apartments sits in Downtown West, less than one mile from the new NGA West headquarters — the $1.7 billion National Geospatial-Intelligence Agency campus and the largest federal investment in St. Louis history, bringing approximately 3,150 employees directly into the submarket. Just to the south, the new MLS Stadium (Energizer Park) was recently completed for $457 million and is a huge attraction and development catalyst for the neighborhood. A structurally sound, systems-renovated historic asset at $45,333/unit, a $232/month rent delta with an immediate lease-up runway, tax credit upside, and a location benefiting from the largest federal investment St. Louis has ever seen — Franklin School Apartments delivers outsized value-add potential with minimal execution risk.

814 N 19th St, St Louis

2347 Klemm St, St Louis
$329,000
ACTIVE Status ⋅ Logan Owens
Price Improvement! Opportunity awaits in the heart of Shaw! This well-located duplex right across the street from Tower Grove Park offers an ideal combination of existing rental income, owner-occupant potential, and room to add value. Whether you're looking to expand your investment portfolio or live in one unit while generating rental income from the other, 2347 Klemm St offers flexibility to fit your strategy. The 2nd-floor unit is currently occupied by a good-standing long-term tenant with a lease through April 30, 2027, providing immediate rental income and stability from day one. The 2F also features in-unit laundry, an attractive amenity for tenants and a valuable feature for long-term rental appeal. This unit features two large bedrooms, one smaller bedroom and one full bath. Brand new water heater installed 9/24/2026. The 1st-floor unit is recently vacant, providing an opportunity for a new owner to refresh and update the space to their preferences. The spacious first floor features two large bedrooms, an additional pass-through/bonus room, 1.5 baths, original flooring, and access to laundry hookups in the basement. Investors can capitalize on the vacant unit's potential to improve the property and maximize future rental income, while owner-occupants can make the first floor their home and benefit from rental income generated by the established 2nd-floor tenant. Located in the sought-after Shaw neighborhood, this duplex provides a compelling opportunity to own an income-producing property with flexibility and upside. Whether you're a seasoned investor or a buyer looking for a smart way to offset your housing costs, this property offers the opportunity to build value while benefiting from an established rental arrangement.

2347 Klemm St, St Louis

1127 Forest Ave, St Louis
$429,900
ACTIVE Status ⋅ Johanna Dueren
Updated brick two-family in the heart of Dogtown; turnkey on both sides, whether you're adding to a portfolio or living in one unit while the other helps cover the mortgage. Both units feature two-bedroom, one-bathroom floor plans with original refinished hardwood flooring, fresh interior paint, updated ceiling fans, and large double-hung windows. Other value add updates include a NEW ROOF in 2025 and a NEW SEWER LINE, UPDATED ELECTRIC and UPDATED PLUMBING. Each kitchen includes white shaker cabinetry, granite countertops, white subway tile backsplashes, ceramic tile floors, and full stainless steel appliance packages: gas ranges, dishwashers, and full-size refrigerators. The bathrooms include updated vanities and fully tiled shower and tub surrounds. Large bedrooms with great closet space. The full unfinished basement has painted masonry walls and concrete floors, offering separate, secure storage areas along with two dedicated sets of washers and dryers. Outside, the property features a covered brick front porch and a private, fully fenced grass backyard shaded by mature trees.Great walkable pocket of the neighborhood, three blocks from Forest Park and within walking distance of Hi-Pointe Drive-In, The Cheshire, and local dining along Clayton and Tamm Avenues. Driving commutes are under ten minutes to Washington University's Danforth Campus, Saint Louis University, Barnes-Jewish Hospital/BJC Healthcare Campus, and Downtown St. Louis.

1127 Forest Ave, St Louis

1916 Serbian Dr, St Louis
$450,000
ACTIVE UNDER CONTRACT Status ⋅ Karan Madra
Excellent investment opportunity at 1916 Serbian Drive in St. Louis! This well-maintained 4-unit residential building offers immediate rental income with 3 of the 4 units currently occupied, making it an attractive option for both seasoned investors and those looking to expand their rental portfolio. All four units are fully furnished and rent for $1,400 per month per unit, providing a strong income-producing opportunity. The sale includes all furnishings and appliances, allowing a new owner to step into an established, turnkey rental property without the additional expense of furnishing the units. With one unit currently available, a new owner has the potential to increase rental income by leasing the remaining unit, bringing the property to full occupancy. Property Highlights: 4 residential units 3 units currently occupied $1,400/month rent per unit Potential gross rental income of $5,600/month at full occupancy $67,200 potential annual gross rental income All units furnished Appliances included Furnishings included in the sale Turnkey investment opportunity One vacant unit provides immediate upside potential Whether you're looking for a cash-flowing investment or an opportunity to build your rental portfolio, this property offers established rental income, furnished units, and additional upside through full occupancy. Don't miss this opportunity to own an income-producing multifamily property in St. Louis!

1916 Serbian Dr, St Louis

4228 Virginia Ave, St Louis
$250,000
ACTIVE Status ⋅ Christopher Thiemet
(c.) 1904: World's Fair Era spacious 2 family duplex that has been freshly updated throughout and is ready to rent, making a great addition to any investor's portfolio — or could be also be a fantastic owner-occupant opportunity as well! This 2,722 sq ft building features floorplans that are flexible — with no walk-through/shot-gun style bedrooms here! Each unit features 2 bedrooms, 1 bathroom, a huge eat-in kitchen, large living room and huge dining room. But the flexible floorplan on the 2nd-floor unit even allows you to also turn the middle room into an additional large 3rd bedroom. Both kitchens are fully updated and HUGE/eat-in sized, featuring quartz counters, new white shaker cabinets, stainless steel appliances, and a large pantry. Bathrooms are freshly renovated with classic, timeless white subway wall tile and marble-look ceramic floors. These units offer what all tenants are looking for: updated finishes, tiled floors, quartz countertops, lots of cabinet space and storage, pantry, wood floors, archways and more such as many closets have lighting inside; mostly 5-panel solid wood doors; functional pocket door on the main floor; unpainted wood trim and baseboards; decorative fireplace with mantle and original vintage tile. Spacious fenced backyard and detached garage. Newer HVAC systems (ACs to be installed by closing) and water heaters, full unfinished basement with laundry hook-ups. Currently both units are vacant so this building offers maximum flexibility. Walk to Downtown Dutchtown along Meramec, and it's an easy hop onto 55 for your commute any direction. This is the one to add to your rental mix today!

4228 Virginia Ave, St Louis

5001 Pernod Ave, St Louis
$550,000
ACTIVE Status ⋅ Tara Hacker
A rare opportunity to own an impressive historic brick mixed-use, multi-family building offering outstanding flexibility, income-generating potential and an included 3,382 SF side lot. This architecturally distinctive property is comprised of 2 spacious units and will be delivered completely vacant at closing, offering a true blank slate for investors, owner-users or live/work buyers. The 2,207 SF main-level unit was most recently used as a daycare and features a welcoming front reception area, 3 large and flexible rooms, 1 full and 1 half ADA-compliant restroom, a large stainless-steel commercial kitchen and storage space. The layout easily supports a variety of uses including office space, salon or spa, child or adult daycare, wellness services, doggy daycare, retail or a live/work residence. The adaptability of this space truly invites you to bring your imagination. The upper-level unit is a full apartment offering 2,527 SF of living space with a private entrance. The space offers a full kitchen, 4 bedrooms and elegant French doors opening to a light-filled sunroom that can serve as an office or 5th bedroom, highlighted by terrazzo floors and expansive windows. Highlights include 2 full bathrooms, a spacious living room, dining room and a large laundry room/den that leads to a private rooftop balcony just perfect for container gardening, BBQs and relaxing outdoor enjoyment. The building also offers a full basement with ample storage. The 1,000+ SF attached 5-car garage has been converted into a combination of finished and unfinished storage spaces but can easily be restored to garage use if desired. Off-street parking for 3 vehicles is available via the alley. Included in the sale is the 31’ x 109’ side lot, ideal for green space, expansion or the addition of a large garage or other improvements. Located in the highly desirable Northampton neighborhood, this property is a short walk from The Golden Hoosier, Bud’s Pizza, Piper’s Tea & Coffee and so much more. With its size, flexibility, additional land and vacant delivery, this property presents a truly unique opportunity with limitless potential.

5001 Pernod Ave, St Louis

4331 S 38th St, St Louis
$279,900
ACTIVE Status ⋅ Samona Washington
Beautifully Renovated All-Brick Duplex – Dutchtown | Turnkey & Move-In Ready Fully updated all-brick duplex offering two spacious 1-bedroom, 1-bath units, both move-in ready with passed occupancy inspections. This is a true turnkey property with no deferred maintenance—just move in and start enjoying immediate value. Live in one unit while generating income from the other or add this turnkey property to your investment portfolio. Each unit features refinished hardwood floors, fresh neutral paint, updated lighting, and new windows throughout. Original stained-glass accents maintain classic South City charm while blending seamlessly with modern finishes. The kitchens in both units are fully updated with new cabinetry, granite countertops, contemporary flooring, and stainless steel appliances. The upper unit offers a more elevated design with gray cabinetry, gold hardware, and a stylish tile backsplash—ideal for premium rental income or an owner’s suite. Recent major improvements include new windows throughout, new decks and a new sewer lateral, providing long-term peace of mind. The clean, open basement includes separate new washer/dryer sets for each unit, along with an additional full bathroom, adding convenience and functionality for occupants. The first-floor unit furniture is negotiable, offering an easy, immediate move-in option for an owner-occupant or investor seeking a fully furnished rental. Exterior highlights include a fenced yard with mature fruit trees, a 2-car garage with remote access, and a covered carport providing ample off-street parking. Live in one unit and rent the other, or add a solid, low-maintenance asset to your portfolio. Conveniently located near parks, dining, shopping, and major highways. Nothing to do but move in—schedule your private showing today.

4331 S 38th St, St Louis

2315 Tennessee Ave, St Louis
$2,250,000
ACTIVE Status ⋅ Todd Murray
One-of-a-kind investment opportunity! Own an entire 5-unit boutique townhome complex totaling nearly 12,000 SF in a historic former horse stable/carriage house serving the nearby Compton Heights mansions. Redeveloped in 2014 using state and federal historic tax credits, the property blends irreplaceable historic character—including original beams and soaring ceilings—with modern construction, systems, kitchens, baths, wood floors, windows, appliances and fixtures. Each of the five townhomes offers a unique floor plan and personality, ranging from 2,098 to 2,748 SF, with 2-3 bedrooms, 2.5 baths, and dramatic loft-like living spaces. Two end units offer an abundance of windows, while several units feature open lofts, dens and/or clerestory windows. Unit E is the largest and most traditionally finished, offering 2,748 SF, 3 large bedrooms, 2.5 baths and granite countertops. Significant income upside! Two units are currently being used by the owner. The remaining units include one long-term rental, one short-term rental and one recently vacated unit, providing immediate flexibility and the opportunity for an investor to implement and optimize their preferred rental strategy. Recently created condominium documents for the Compton Heights Stables Condominium Association further expand the potential ownership and future disposition strategies available to an investor. Gated entry, 10 covered parking spaces (2 per unit), great common space and a private interior setting with all units facing the parking/common area rather than the street. Extensive solar panels on both the roof and carport add to the property's environmentally conscious approach. An exceptionally rare opportunity to acquire a distinctive, income-producing asset with historic character, modern amenities, flexibility and tremendous potential to increase returns. Situated a few blocks from Tower Grove Park and the Botanical Gardens, and conveniently located within walking distance to many of the Tower Grove, Shaw, Fox Park and South Grand restaurants & shops.

2315 Tennessee Ave, St Louis

3104 Wyoming St, St Louis
$225,000
ACTIVE Status ⋅ Tammy Derrigan
Investors and house hackers, check out this rehabbed duplex - bright and airy units in the heart of Benton Park West, steps from both Cherokee Street and South Grand. Soaring ceilings, exposed brick in open-concept living area with In-Unit Laundry for easy living. ALL the heavy lifting was done in 2019, with TPO roof, large "garage-port", new HVAC / electric / plumbing / water heaters, and PVC stacks. The updated kitchens feature granite countertops and stainless appliances (dishwasher, microwave, range, fridge). The 1F unit has 2-beds, 1-bath, in-unit laundry hookups (machines owned by tenant), rented for $950 month-to-month. The 2F unit has 2-beds, 2-baths (with an en suite master bedroom), and in-unit laundry (machines provided for tenant use), recently vacated; tenant was paying $1,375.  It's just 2 blocks to Cherokee Street for tacos, coffee, or music and dancing, and a short bike ride to Tower Grove Park, South Grand, Benton Park, or Soulard. Major highways are close by, making for an easy commute. 1F is occupied and can be shown with an accepted offer, but 2F, basement and exterior can be viewed with an appointment. Rentometer indicates an average of $1223 for a 2/1 and $1499 for a 2/2. With existing rents of $950 and most recent rent of $1375 the gross annual income is $27,900. Less annual operating expenses of $7601, the NOI is $20,299, making this an 8.63% cap rate at asking price. Ask your agent for financials, and make this the next addition to your portfolio!

3104 Wyoming St, St Louis

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Listings courtesy of Mid America Regional Information Systems Internet Data Exchange as distributed by MLS GRID.


Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker of MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some listings have been excluded from this website.


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