225 W Steins Street, Saint Louis, MO 63111
Local realty services provided by:CENTURY 21 Premiere Realty
225 W Steins Street,St Louis, MO 63111
$449,999Last list price
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Sold
Listed by: riahna kastner, matt kastner
Office: st. louis real estate society
MLS#:25076014
Source:MO_MARIS
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Price summary
- Price:$449,999
About this home
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! This property can be sold together as a package with MLS #s: 25076015 & 25065186
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Home facts
- Year built:1870
- Listing ID #:25076014
- Added:70 day(s) ago
- Updated:January 23, 2026 at 11:41 PM
Heating and cooling
- Cooling:Central Air, Electric
- Heating:Electric, Forced Air
Structure and exterior
- Year built:1870
Schools
- High school:Roosevelt High
- Middle school:Lyon-Blow Middle
- Elementary school:Woerner Elem.
Utilities
- Water:Public
Finances and disclosures
- Price:$449,999
- Tax amount:$1,926 (2025)
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