549 Bates ST new Save Request In-Person Tour Request Virtual Tour
St Louis,MO 63111
Key Details
Property Type Multi-Family, Commercial
Sub Type Multi-Family 5+
Listing Status Active
Purchase Type For Sale
Subdivision Thomas Add
MLS Listing ID 25026801
Year Built 1914
Building Age 111
Lot Size 7,536 Sqft
Property Sub-Type Multi-Family 5+
Property Description
Investors—don't miss this rare opportunity to secure 10 units in the heart of South City with strong cash flow and long-term upside. This well-maintained 6-unit building is being sold as a package with its neighboring 4-family building (545 Bates, MLS #25025704), offering a turnkey portfolio in one of the most stable and desirable rental markets. Each unit features 1 bedroom, 1 bathroom, ample living space, modern updates, some stainless steel appliances, well-kept back decks and some newer major systems that help minimize maintenance costs. Market rent per unit is $800/month. Tenants appreciate the off-street parking, basement storage, and a fully fenced backyard—amenities that drive tenant satisfaction and long-term tenancy. With solid tenants already in place and potential for future rent increases, this is the perfect opportunity for any investor looking to grow in 2025. You will be proud to own these charming, income-producing South City properties for years to come!
Location
State MO
County St Louis City
Area South City
Interior
Heating Forced Air
Cooling Window Unit(s)
Building
Sewer Public Sewer
Water Public
Schools
Elementary Schools Woodward Elem.
Middle Schools Lyon-Blow Middle
High Schools Roosevelt High
School District St. Louis City
Others
Acceptable Financing Cash Only,Conventional,Private,Other
Listing Terms Cash Only,Conventional,Private,Other
Special Listing Condition None