2608 S 11th Street, Saint Louis, MO 63118
Local realty services provided by:CENTURY 21 CopperKey Realty
2608 S 11th Street,St Louis, MO 63118
$1,175,000
- - Beds
- - Baths
- 7,980 sq. ft.
- Multi-family
- Active
Listed by: anthony klier
Office: the agency
MLS#:26005485
Source:MO_MARIS
Price summary
- Price:$1,175,000
- Price per sq. ft.:$147.24
About this home
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....
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Home facts
- Year built:1889
- Listing ID #:26005485
- Added:86 day(s) ago
- Updated:April 28, 2026 at 03:04 PM
Rooms and interior
- Living area:7,980 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Forced Air
- Central air:Yes
Structure and exterior
- Year built:1889
- Building area:7,980 sq. ft.
- Lot area:0.12 Acres
- Architectural Style:Historic
- Construction Materials:Brick
Schools
- High school:Roosevelt High
- Middle school:L'Ouverture Middle
- Elementary school:Sigel Elem. Comm. Ed. Center
Utilities
- Water:Public
Finances and disclosures
- Price:$1,175,000
- Price per sq. ft.:$147.24
- Tax amount:$4,524 (2024)
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