225 W Steins Street, St Louis, MO 63111

• 4,217 sqft

Property Description

This renovated property features 6 truly, turn-key, 1 BR units that stay in demand & are easily rented. The property underwent a wholesale renovation roughly 15 years ago with updates to all major components (roof, plumbing, electrical, HVAC, windows, etc.). All units offer updated kitchens with dishwashers, spacious bathrooms with tub/ shower combo, central heating & cooling, and in-unit Washer/ Dryer). Plus, the building is all electric which is another big selling point for tenants. Over half the building is occupied by long-term tenants, some of which have been there 5+ years. There is off-street parking on a concrete pad in back. All tenants are on market rate leases and gross monthly revenues surpass $4,500 at 100% occupancy. At current financials (let's repeat that - at current financials - not some dream world), the cap rate is exceeding 8%. The building is located in the Historic, Carondelet neighborhood within walking distance to several desirable amenities: Upgraded YMCA Rec-Plex; Grocery & Retail Stores; Carondelet Park with lake, trails and playgrounds; Great Rivers Greenway trails; locally-owned restaurants like Stacked & Perennial Artisan Ales; and easy access to public transportation. This is a stable, cash-flowing investment that you’ll want to add to your portfolio! 1 unit was built-out as ADA compliant. Seller is currently keeping 1 unit vacant for showings but it will likely fill quickly. Make your appointment to view soon!

Listing Status:

Active

Date Added:

November 13, 2025 at 06:00AM

Listing Office:

St. Louis Real Estate Society : 314-222-0780

MLS ID:

25076014

Interior

• Appliances: Electric Water Heater
• Laundry: In Unit
• A/C: Central AirElectric
• Heating: ElectricForced Air

Exterior

• Style: Low/1-2
• Parking: On StreetOpenParking LotUnassignedParking spaces: 4

Construction

• Roofing: Shingle
• General: BrickTwo

Location

• HOA Amenities: None
• Originating MLS: maris2
• School District: St. Louis City
• County: St Louis City

Lot

• Zoning: C.B. 3082 STEINS ST 47 FT 8 3/4 IN X 125 FT IVORY'S ADDN LOTS 16 & W-153082-00-0140-1

Utilities

• Water: Public

Financial

• Source: maris2

This listing courtesy of St. Louis Real Estate Society