St Louis Real Estate Search

St Louis Multi-Family Properties for Sale

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Newest St Louis Multi-Family Homes for Sale

$150,000
ACTIVE Status Veenu Sharma
Stunning turnkey duplex in a prime St. Louis City location offering a high-performing, income-producing opportunity for investors seeking strong cash flow and long-term appreciation. This fully renovated multi-family property features two spacious units, each with 3 bedrooms and 1 full bathroom. An ideal layout for maximizing rental income, attracting long-term tenants, or short-term rental (Airbnb/STR) potential. Perfect for house hacking, buy-and-hold investors, or those building a rental portfolio. Both units have been extensively updated with modern, durable finishes designed for low maintenance and tenant appeal, including fully renovated bathrooms, new flooring, fresh paint, and elegant porcelain tile in the kitchens, bathrooms, and laundry areas. Each unit offers a fully equipped kitchen with essential appliances and in-unit laundry, increasing rental value and tenant retention. Major capital improvements have already been completed, including brand new HVAC systems for both units, along with updated plumbing and electrical significantly reducing future maintenance costs and improving overall ROI. The exterior features a new deck and a large private parking lot with space for up to 6 vehicles, a rare and valuable amenity for tenants. Located on a quiet street just minutes from Downtown St. Louis with easy access to major highways, shopping, dining, and major employment centers, this property is well-positioned for consistent occupancy and strong rental demand. Furnishings and appliances can be included, making this a true turnkey investment ideal for immediate leasing, short-term rental setup, or a seamless addition to any investor’s portfolio.

1468 E Warne Ave, St Louis

$225,000
ACTIVE Status Brian Miller
**Updated Price**Don't miss this opportunity to acquire a fully updated, professionally managed four family property in South City, just two blocks from the Historic Cherokee Street District! The numbers work from day one. Two tenants are already in place with current rents of $635 and $650. One unit is currently listed at $695 per month. A huge upside for investors and owner occupants alike. Rents in this area are pushing $750–$800 per unit, meaning a savvy investor can capture an additional $465–$615 per month in gross income simply by bringing rents to market. For the owner occupant, this is your house hack. One vacant unit is move in ready with a passed occupancy inspection, allowing you to live in one unit while your tenants pay down your mortgage. Few opportunities in this price range offer this level of immediate flexibility. What sets this property apart: All four units updated during seller's ownership. Newer LVP flooring throughout with spacious layouts in every unit. Professionally managed with quality tenants already in place. Many major expenses have already addressed by the seller including tuck pointing, roof repairs, full unit rehabs, and sewer lateral work. Much of the heavy lifting has been done. You're buying stabilized cash flow with a clear path to increased returns. The second floor units feature private bedrooms. The first floor units offer walk through bedroom layouts. The 1st and 2nd floor vacant unit and left-side basement are available for immediate showings. The 1sst floor unit is currently listed fore rent. Occupied units available with accepted contract. **No seller financing** Schedule your showing today!

2835 Miami St, St Louis

$895,000
ACTIVE Status Jay Rios
Discover this prime investment opportunity in St. Louis's vibrant Grove neighborhood (Forest Park Southeast): a 2-building multi-family portfolio. Spanning 0.25 acres on a hard corner at Vandeventer and Sarah St, the site features a partially occupied 2,400 SF 2-family building on 0.11 acres (currently generating rental income, with units like a renovated 1-bed/1-bath listed at $1,195/month) and an adjacent long-vacant 3,308 SF 4-family building on 0.15 acres ready for full rehab—totaling 5,708 SF and 6 units with strong upside potential for value-add investors. Positioned at the planned signalized crossing for the Tower Grove Connector, a 1.8-mile protected cycle track (under construction, with Phase 1 along Vandeventer and Tower Grove Ave connecting to Tower Grove Park, and Phase 2 linking to the Brickline Greenway at Cortex MetroLink by summer/fall 2026), this location promises enhanced accessibility, foot and bike traffic, and connectivity to key destinations like the Cortex innovation district, Forest Park, and Missouri Botanical Garden. Surrounded by popular spots such as Urban Chestnut Grove, Rockwell Beer Co., Grace Meat + Three, Beast BBQ, Seoul Taco, and Serendipity Ice Cream, the property benefits from The Grove's bustling entertainment district, high visibility, and ongoing revitalization—ideal for residential redevelopment or mixed-use potential in an Opportunity Zone. This is a portion of a larger portfolio, all located off of Vandeventer. Call or text for additional information.

1057 S Vandeventer Ave, St Louis

$190,000
ACTIVE Status Ivy Grant
This triplex presents a solid value-add opportunity in the evolving Greater Ville neighborhood of St. Louis City, offering both in-place income and upside potential. One unit is currently leased, while the 3-bedroom, 1.5-bath townhouse and an additional 2-bedroom, 1-bath unit are vacant, providing flexibility for an owner-occupant or investor. The occupied 2-bedroom, 1-bath unit is leased on a month-to-month basis at $800 per month, with rents currently below market, offering a clear path to increased income over time. The other 3 bed 2 bath is also occupied at $1350 with a 1 yr lease expiring in May 2027. Recent improvements include approximately $18,000+ in updates, including plumbing repairs, water heater installation, bathroom updates, and general unit stabilization. Two units feature newer HVAC systems, and the roof is approximately eight years old, helping to reduce near-term capital expenditures. Based on area rental data, projected rents are approximately $1,200–$1,500 for the 3-bedroom unit and $850–$1,050 for the 2-bedroom units, creating a potential stabilized gross income in the $2,800–$3,200/month range. The vacant townhouse unit provides an opportunity for owner-occupancy or immediate lease-up to maximize returns. Conveniently located near Ranken Technical College, the new NGA campus, major highways, and local amenities, this property is well positioned for continued rental demand. Ideal for investors seeking a value-add asset with improvements already completed and strong income potential.

3125 Clay Ave, St Louis

$3,595,000
ACTIVE Status Timothy McCarthy
The La Maison apartments, located at 3530 Utah Street, the property presents a unique investment in a meticulously restored historic schoolhouse in Tower Grove East. This boutique-style building features a variety of floor plans, including studio, one-bedroom, and two-bedroom units, many of which offer high-demand loft-style layouts. Each apartment is finished with premium finishes, including quartz countertops, custom cabinetry, stainless steel appliances, and original hardwood flooring. The architectural integrity of the building is preserved through soaring ceilings and oversized windows that provide significant natural light. Historic details, such as original built-in bookshelves and vintage chalkboards in select units, offer a distinct character that differentiates this property from standard modern developments. La Maison presents immediate upside through rent growth and operational efficiencies. The current in-place average rents trail market by ~$275/unit/month, allowing a clear path to increasing cash flow through unit turnover and improved management. Comparable renovated units in the area support the proforma rent assumptions. Situated near Tower Grove Park, South Grand Retail, SLU Medical and close to Downtown St. Louis, La Maison has significant upside with strong rental demand. La Maison provides an opportunity to acquire a well located asset with income, growth and long term appreciation potential.

3530 Utah, St Louis

$222,000
ACTIVE UNDER CONTRACT Status Patrice TenBroek
Seller to credit buyer up to 3% in closing costs for acceptable offer. Classic St. Louis character meets fresh, modern living in this beautifully renovated solid-brick two-family in Dutchtown. Spacious, stylish, and full of warmth, each 2-bedroom, 1-bath residence offers an inviting place to call home with gleaming hardwood floors, generous room sizes, and large eat-in kitchens with newer appliances. Imagine settling into the beautifully refreshed second-floor residence while enjoying the added benefit of rental income right downstairs. The flexible layout offers plenty of room to entertain, work from home, or simply spread out and enjoy city living. Out back, a fenced yard creates a private retreat for summer evenings, weekend gatherings, gardening, or four-legged friends, while off-street parking makes coming home effortless. Additional basement storage and on-site laundry add even more everyday convenience. The first-floor residence is currently leased at $900 per month, providing immediate income with potential for future rent growth. The second floor is vacant and ready for its new owner—or lease both units and enjoy a turn-key addition to your investment portfolio. Similar 2-bedroom units in the area are achieving rents of $1,095–$1,200 per month. With timeless brick architecture, thoughtfully updated interiors, comfortable living spaces, and the opportunity to blend homeownership with income, this Dutchtown property offers a lifestyle as practical as it is appealing. Easy to show. Some photos have been virtually staged.

3929 Minnesota Ave, St Louis

$4,450,000
ACTIVE Status Matt Bukhshtaber
PRICE REDUCED~ Oakview Apartments is a 36-unit value-add multifamily community situated in a thriving area of St. Louis’s Central Corridor. The property consists of three all-brick buildings featuring 36 1-bed, 1-bath units with a strong occupancy rate of 100%. Unit features include in-unit washers and dryers, hardwood floors, updated kitchens with quartz countertops and stainless-steel appliances, as well as rear balconies. Residents can enjoy off-street parking in the parking lot behind in the rear of the buildings. Oakview Apartments is ideally located just minutes from Forest Park. Its proximity to WashU ensures a steady influx of students, faculty, and staff, driving demand for rental properties. The vibrant Dogtown neighborhood, known for its lively atmosphere and local eateries, adds to the area’s appeal. Downtown Clayton, with its bustling business district and upscale shopping and dining, is also just a short drive away. Additionally, the property is conveniently located near major hospitals and employers in the Central West End, such as BJC Healthcare, attracting healthcare professionals and other workers. Current rents are below market rates, providing immediate upside potential for future ownership through rental increases. Furthermore, 5 units have not been updated with new kitchens, presenting additional opportunities for value enhancement. The property is being offered free-and-clear, allowing buyers the flexibility to secure new financing.

1014 Oakview Place, St Louis

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