St Louis Real Estate Search

St Louis Multi-Family Properties for Sale

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Newest St Louis Multi-Family Homes for Sale

$775,000
ACTIVE Status Brian Miller
Turnkey 8-family investment opportunity! This fully renovated apartment building offers immediate cash flow with the major capital improvements already completed, allowing a new owner to focus on maximizing returns instead of costly renovations. The property features four 1-bedroom units and four 2-bedroom units with extensive renovations completed throughout 2023-2025. Every apartment has been updated with modern finishes including new flooring, fresh paint, updated kitchens with new countertops, sinks, faucets and appliances, renovated bathrooms, new lighting, doors, trim, blinds, and updated electrical devices. Major mechanical improvements include new through-wall A/C units and seven new furnaces, providing long-term reliability and reduced maintenance. The common areas have also been completely refreshed with new carpet, LVP flooring, stair treads, updated lighting, professionally restored railings, cleaned basement, tenant storage areas, washer/dryer hookups, and an owner storage room. Exterior improvements include a newer roof (2022), exterior lighting, landscaping improvements, and off-street parking for approximately five vehicles. Current annual gross rental income is approximately $80,880 with professional property management already in place. Operating expenses are well documented, making underwriting simple for investors. This is an ideal acquisition for buyers seeking a stabilized, low-maintenance multifamily asset with significant recent capital improvements and long-term appreciation potential. The property is fully occupied so showings are with an accepted contract.

4615 Virginia Ave, St Louis

$2,200,000
ACTIVE Status Robin Halterman
A rare opportunity to acquire one of the Central West End’s most enchanting residential investment offerings: a historic luxury compound spanning more than 10,000 square feet across 4341 and 4345 Westminster Place. It features multiple independent residences, projected annual rent potential of $189,600+, and a compelling blend of architectural pedigree, income flexibility, and long-term scarcity. Designed in 1895 by Barnett, Haynes & Barnett — the celebrated architects behind the Cathedral Basilica — 4341 Westminster Place is a residence of uncommon presence, where historic craftsmanship and modern luxury exist in beautiful conversation. A sweeping tiger oak staircase, jeweled stained glass, intricate millwork, seven fireplaces, marble-clad baths, and grandly scaled gathering spaces create a sense of permanence and romance rarely found in today’s market. The full package includes the main residence which spans the first two floors, has been fully renovated, and includes 4 bedrooms, 3.5 baths and has been thoughtfully reimagined for contemporary living while honoring its original artistry. A chef’s kitchen with Calacatta gold marble, a grand walnut island, premium finishes, and a butler’s pantry anchors the home with both beauty and function. The third floor is a fully remodeled apartment with sunlit living spaces, its own luxury kitchen, 3 bedrooms, 2.5 spa-inspired baths, and a private elevator. Three garage parking spaces in the new garage and one off street parking space convey with the main house. Additionally, the separate historic carriage house is tucked behind the property. Reimagined as two independent apartments totaling approximately 3,700 square feet, the carriage house adds both character and meaningful income potential. The main-level residence offers approximately 1,750 square feet with 2 bedrooms and 2 baths. The upper-level residence offers approximately 1,950 square feet, featuring 3 bedrooms and 2 bathrooms. Three off-street parking spaces further enhance the practicality and rental appeal of the carriage house. Carpet in the second-floor apartment bedroom was recently replaced. Lease them as they are or improve them to increase the rent potential. For the investor, this offering provides boutique scale, diversified income streams (long term rental, short term rental, events), premium Central West End positioning, and irreplaceable architectural distinction. For the owner-occupant/investor, it offers something far more rare: the ability to live beautifully in a signature historic residence while additional apartments help support ownership, offset carrying costs, or accommodate extended family, guests, or long-term tenants. Set along the tree-lined charm of Cathedral Square, moments from Euclid’s restaurants and boutiques, Forest Park, Washington University, BJC, Cortex, SLU, cafes, galleries, parks, and the cultural heart of the Central West End. 4341 Westminster Place is positioned for enduring demand from executives, physicians, university-affiliated tenants, relocating professionals, and luxury renters seeking character, walkability, space, and architectural soul. 4341 Westminster Place is more than an investment property. It is a legacy asset — historic, income-capable, irreplaceable, and alive with possibility. (See disclaimer in agent remarks)

4341 Westminster Place, St Louis

$220,000
ACTIVE Status Yuliana Erazo Hidalgo
Fully renovated income-producing duplex. The upper unit is currently vacant but it was leased at $1,500/month, providing stable income and future rental growth potential. The lower unit is a furnished studio currently operating as a short-term rental with historical operating information available to qualified buyers. All furnishings, decor, kitchenware, and items necessary to continue operating the short-term rental business are included in the sale, allowing for a seamless transition to new ownership without additional startup costs. The upper unit offers a flexible two-level layout featuring an eat-in kitchen, living room, full bath, laundry hookups, and one bedroom on the main level. The upper floor includes an additional half bath, a second bedroom, and a bonus room ideal for a family room, office, workout space, or work-from-home setup. Both units offer in-unit laundry hookups. The property underwent an extensive renovation in 2025, including major updates to HVAC, electrical, plumbing, interiors, fixtures, and finishes. Investors benefit from a turnkey asset with established income streams and reduced upfront capital expenditure requirements. Flexible investment opportunity suitable for buyers seeking a traditional duplex, or an owner-occupant looking to offset housing expenses with rental income.Historical operating information, and additional financial information available upon request.

3436 Pennsylvania Ave, St Louis

$574,900
ACTIVE Status Jeffrey Jollar
Opportunity to acquire an updated three-family asset in The Grove, one of St. Louis’ most desirable central corridor neighborhoods. Located near Forest Park, the Missouri Botanical Garden, Cortex, Barnes-Jewish Hospital, and the shops, restaurants, and nightlife along Manchester Avenue, 1133 Talmage offers strong rental appeal with both owner-occupant and investor upside. The 4,164 square foot building includes a spacious, converted three-bedroom, two-bath townhome unit with more than 2,000 square feet, plus two large one-bedroom, one-bath units, each offering more than 1,000 square feet. The townhome unit is currently vacant, making it an ideal option for an owner-occupant looking to live in one unit while the existing tenants help offset the mortgage. The two one-bedroom units are occupied by long-term month-to-month tenants at below-market rents of $1,110 and $995 per month, creating a clear opportunity to increase income over time. Nearby rental comparables show similar one-bedroom units averaging approximately $1,625 within a 1.5-mile radius, while comparable three-bedroom units average approximately $2,342 within a 3-mile radius. The building features updated kitchens, some stainless steel appliances, updated bathrooms, fireplaces, central air, hardwood floors, in-unit washers and dryers, a partially fenced backyard, patio space, and balconies for the upper-floor units. With a desirable location, large unit layouts, existing rental income, and a vacant owner-occupant-ready townhome, 1133 Talmage offers a strong combination of stability and upside in The Grove.

1133 Talmage Ave, St Louis

$719,000
ACTIVE Status Patrick Wood
Fully updated 8-unit apartment building in the historic Tower Grove East neighborhood. Located just 1.5 miles from Tower Grove Park and all the amenities South Grand has to offer. The building is surrounded by popular neighborhood restaurants and coffee shops for tenants to enjoy. Built in 1927, this brick building has a total square footage of 6,400 on a 6,288 square foot lot (0.144 acres). Each 1-bedroom, 1-bathroom unit boasts 750 square feet of modern living space. All units were completely renovated in 2021 with granite countertops, stainless steel appliances (including gas stoves, refrigerators, microwaves, and dishwashers), in-unit washers and dryers, and keyless locks throughout. Major property upgrades in 2021 include new condensers, PVC plumbing, sewer laterals, and a TPO roof. Investment highlights Fully updated 8-unit apartment building in the historic Tower Grove East neighborhood. Located just 1.5 miles from Tower Grove Park and all the amenities South Grand has to offer. The building is surrounded by popular neighborhood restaurants and coffee shops for tenants to enjoy. Built in 1927, this brick building has a total square footage of 6,400 on a 6,288 square foot lot (0.144 acres). Each 1-bedroom, 1-bathroom unit boasts 750 square feet of modern living space. All units were completely renovated in 2021 with granite countertops, stainless steel appliances (including gas stoves, refrigerators, microwaves, and dishwashers), in-unit washers and dryers, and keyless locks throughout. Major property upgrades in 2021 include new condensers, PVC plumbing, sewer laterals, and a TPO roof.

2901 Nebraska Ave, St Louis

$499,500
ACTIVE Status Jeffrey Jollar
Four-family investment opportunity in the highly desirable Southwest Garden neighborhood, just minutes from the Missouri Botanical Garden, Barnes-Jewish Hospital, Washington University Medical School, Forest Park, and Tower Grove Park. This 3,536 sq. ft. building features four true 1-bedroom units, each approximately 775 sq. ft. Two units are currently occupied, with one vacant unit offering an excellent opportunity for an owner-occupant or value-add investor. Each unit includes central heating and cooling, and the basement provides dedicated laundry hookups for each apartment. The building offers multiple paths to increase income. Rents may be raised with existing layouts, and there is potential to convert the units from 1-bedroom to 2-bedroom layouts by creating a front bedroom and opening the kitchen to the living area with a possible island-style layout. Recent rental data supports strong upside. Average 1-bedroom apartment rents are $1,378, based on 23 one-bedroom rentals within the past 6 months in a 1.5-mile radius. Average 2-bedroom rents are $1,578, based on 5 two-bedroom, one-bath rentals within the past 18 months in a 0.5-mile radius. Tenants are long term tenants that have not had a rent increase. Recent sales of four-family properties in nearby have ranged from the mid-$500,000s to $850,000. Major improvements include a 6-year-old TPO roof, mostly replaced vinyl windows, PVC plumbing stacks, drains, and lateral. Additional features include a fenced backyard and rear parking pad. Strong location, functional layouts, existing occupancy, and value-add upside make this a compelling opportunity in one of St. Louis’ most convenient and desirable rental corridors.

4614 Shenandoah Ave, St Louis

$3,950,000
ACTIVE Status Stephanie Oliver
Rising prominently along South Kingshighway Boulevard, just moments from Forest Park, Central West End, and the Grove, this extraordinary early-1900s church has undergone a remarkable transformation into one of St. Louis’ most distinctive and inspiring properties. Once abandoned and forgotten, the building has been meticulously restored and reimagined by internationally recognized artist Nabil Mousa, creating a rare fusion of historic architecture, contemporary design, and limitless possibility. Rich in character and impossible to duplicate, the property offers an experience unlike anything else currently available on the market. At its heart is a breathtaking sanctuary crowned by soaring 25-foot ceilings, dramatic arched windows, preserved architectural details, and vibrant designer chandeliers. The expansive space evokes both grandeur and intimacy, providing an unforgettable setting for living, entertaining, creating, gathering, or showcasing a collection. Throughout the property, historic craftsmanship has been preserved while bold modern interventions create a dialogue between past and present. Custom iron and glass elements, hardwood flooring, refined finishes, dramatic lighting, and thoughtfully curated spaces transform the building into a true architectural statement. The residence includes a gourmet kitchen anchored by a stunning 20-foot island, multiple living areas, lounges, a library, loft spaces, and private guest retreats. Below, approximately 7,000 square feet of additional space offers exceptional flexibility for galleries, studios, offices, wellness facilities, creative enterprises, hospitality concepts, private collections, or future expansion. Outside, nearly 3,000 square feet of secluded courtyard space extends the experience beyond the walls of the building. Enclosed by a custom 9-foot ornamental iron fence, the grounds are being completed with elevated decking, lounge areas, spa accommodations, and two shipping-container structures that present endless possibilities for a future outdoor kitchen, bar, guest suite, studio, or creative workspace. Significant infrastructure improvements—including a new roof, structural restoration, eight HVAC systems, three-phase electrical service, new windows, flooring, plumbing, and extensive stone restoration—provide the confidence of modern systems within a building of historic significance. Whether envisioned as an extraordinary private residence, iconic live-work environment, creative campus, wellness retreat, boutique hospitality concept, event destination, medical or professional headquarters, or investment opportunity, this property offers something increasingly rare: a place with soul, history, and the ability to become whatever its next steward dares to imagine. This is more than real estate. It is a landmark. A conversation piece. A living work of art. And perhaps the most extraordinary adaptive reuse opportunity available in St. Louis today.

1034 S Kingshighway Blvd, St Louis

$1,000,000
ACTIVE UNDER CONTRACT Status Benjamin Wedi
Rare opportunity to acquire a fully repositioned 6-unit multifamily building in the heart of St. Louis's historic West End — steps from the Central West End, Washington University, the Delmar Loop, and Forest Park. This classic 3-story brick walk-up has undergone a comprehensive $550,000 renovation, delivering six spacious 3-bedroom/2-bathroom units averaging 1,500 SF each — one of the largest unit configurations available in this submarket. All interior work is 100% complete, including premium new kitchens, updated bathrooms, modern flooring, and brand-new mechanical, electrical, and plumbing systems throughout. Four units are currently occupied with leases in place, and two turnkey-ready units are available for immediate lease-up at market rate. Current in-place income is $7,379/month with a stabilized annual income of $132,108 including utility reimbursements. At the $1,000,000 list price, the property delivers a 9.79% acquisition cap rate — significantly above the local market average of 7.40% — with an as-is appraised value of $1,040,000, providing immediate equity at closing. With all-new MEP systems in place, capital expenditure liability over the next 7–10 years is expected to be minimal. In-unit washer/dryer hookups in every unit support above-average rents and tenant retention. An ideal acquisition for investors seeking immediate cash flow, strong yield, and long-term appreciation in one of St. Louis's most supply-constrained rental corridors.

5909 Cates Ave, St Louis

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