$4,300,000

3801 Keokuk Street, St Louis, MO 63116

  • 51,640 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1930
  • Property Lot Size Icon0.96acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $83/sqft
  • Property List Date Icon Listed 2 months ago

Property Description

There are 4 properties (74 units total) being offered as a package. All are beautiful, historic buildings with timeless brick exteriors located in Dutchtown – a historic & vibrant South City STL neighborhood experiencing significant revitalization. Addresses are: 3801-3811 Keokuk St. - 24 units 3858 Bamberger Ave. – 24 units 3763 Keokuk St. – 2 units 4054-4064 S. Grand Blvd. – 24 units Summary below: • Attractive unit mix – Studios, One-Bedroom, & Two-Bedroom floor plans. • Avg. in-place rents are significantly below market rate – offers immediate upside w/ rent increases. • Economies of Scale – owning multiple properties w/in close proximity allows for centralized management, shared maintenance resources, & reduced operational expenses. • Asking Price of $4,300,000 ($58k per unit). • Projected Year 1 NOI of $346,367 w/ reserves, so 8% cap on proforma year one.

Listing Status:
Active
Date Added:
September 10, 2025 at 05:00AM
Listing Office:
CBRE : 314-655-6000
MLS ID:
25057527
  • Flooring: HardwoodLinoleum
  • A/C: Central Air
  • Heating: Forced Air
  • Style: Apartment StyleHistoric
  • Parking: On SiteParking LotParking spaces: 16
  • General: BrickApartment StyleHistoricStone
  • Originating MLS: maris2
  • School District: St. Louis City
  • County: St Louis City
  • Zoning: C. B. 4177 KEOKUK73 FT 6 IN X 156 FTGRAVOIS PK ADDNLOT 1-2 E 34177-00-0060-0
  • Water: Public
  • Source: maris2

This listing courtesy of CBRE

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

O

Oak Hill Elementary School

4300 Morganford Rd, Saint Louis, MO, 63116

Grades PK-5

0.77 miles away

F

Fanning Middle School

3417 Grace Ave, Saint Louis, MO, 63116

Grades 6-8

0.65 miles away

R

Roosevelt High School

3230 Hartford St, Saint Louis, MO, 63118

Grades 9-12

1.14 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.