Loading...

Saint Louis, MO, 63118 • Soulard • Saint Louis City
$147/sqft
3Beds
3Baths
7,980Sqft
0.12 acLot
1889Built
Historic Style
Built 1889 · 137 years of history
City/St Louis
Soulard
This home is getting attention
Listed 68 days ago · 594 views · 20 saves
Demand and pricing signals for this listing
594 views
People checking out this listing
20 saves
Buyers have saved this home
68 days on market
Established listing
$147/sqft
Price per square foot
Multi Family · Built 1889 · Historic
2608–2614 S 11th Street is a fully renovated 8-unit multifamily asset located in the heart of Soulard, one of St. Louis’ most desirable and walkable urban neighborhoods. The property consists of four (4) 2-bedroom / 2-bath units with an average rent of $1455/month and four (4) 1-bedroom / 1-bath units with an average rent of $1256/month, totaling approximately 7,980 square feet across two parcels. Originally constructed in 1899, the building has been thoughtfully renovated while maintaining its historic brick exterior and architectural character. The property is 100% occupied and currently produces $10,845 in monthly rent ($130,140 annually), offering an attractive 7.04% in-place cap rate with clear upside to an 8.06% pro-forma cap rate through mark-to-market rent adjustments. Average in-place rents are $1,356 per unit, with several units leasing below market—most notably one 1BR unit at $900 versus a $1,375 market rent. All units feature in-unit laundry, modern finishes, forced-air HVAC systems, and updated kitchens and baths. The property also benefits from off-street parking (~5 spaces), a highly sought-after amenity in Soulard. Operating expenses are efficiently controlled at approximately 31.5% of gross income, and the property is currently self- managed, allowing for additional operational flexibility. Located just steps from Soulard’s renowned bars, restaurants, coffee shops, and the historic Soulard Farmers Market, the asset is ideally positioned to attract young professionals and urban renters seeking a walkable, lifestyle-driven neighborhood. This offering represents a rare opportunity to acquire a turnkey, stabilized multifamily asset in one of St. Louis’ strongest rental submarkets, with durable cash flow and built-in upside.
Standout features identified
Our analysis highlights modern finishes, updated kitchens and baths, and fully renovated as key attractions of this home.
Based on current rates
Est. 6.75% rate · 30yr fixed · $940,000 loan
Full calculator →Key facts and listing details
3 categories of property features
Market data and value estimates
3 schools rated nearby
Saint Louis, MO, 63118
1 event
Local context around this listing
Saint Louis, MO • Saint Louis City
Nearby neighborhoods
Nearby cities
Nearby zip codes
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#197)
No obligation · Same-day response