4981 Rosalie Street, Saint Louis, MO 63115
Local realty services provided by:CENTURY 21 CopperKey Realty
4981 Rosalie Street,St Louis, MO 63115
$450,000
- - Beds
- - Baths
- 11,548 sq. ft.
- Multi-family
- Active
Listed by: jordan schoen
Office: invest st. louis
MLS#:26003058
Source:MO_MARIS
Price summary
- Price:$450,000
- Price per sq. ft.:$38.97
About this home
This 16-unit apartment complex offers a value-add opportunity with in-place income and strong upside. With 5 tenants currently in place and units primed for renovation, rents can be increased from the current $540 average toward market levels, targeting an estimated 10% cap rate after stabilization. The building would benefit from comprehensive electrical and plumbing upgrades, along with renovations and updates to the vacant units, making it well-suited for an investor prepared to execute a thoughtful rehab plan and unlock long-term cash flow. The property consists of sixteen 1-bedroom, 1-bathroom residential units, a highly desirable layout supported by consistent local rental demand. The total building square footage is approximately 11,548 square feet, situated on a 0.372-acre lot. Below-market rents provide upside through strategic renovations and rent repositioning to align with current market averages. Area rental data supports average market rents of approximately $756 for comparable 1-bedroom units within a 3-mile radius. Section 8 is also an option, HUD has market rent for 1 beds in St. Louis at $984 a month, providing an option for steady income. Pro-forma cap rate based on rents at $984 after renovations are 13.7%. Additional value can be created through improved property management efficiencies and stabilization. With targeted improvements, the property offers the opportunity for increased cash flow and long-term appreciation. Motivated seller will look at all reasonable offers!
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Home facts
- Year built:1928
- Listing ID #:26003058
- Added:43 day(s) ago
- Updated:March 01, 2026 at 04:10 PM
Rooms and interior
- Living area:11,548 sq. ft.
Heating and cooling
- Cooling:Central Air, Electric, Window Unit(s)
- Heating:Forced Air, Natural Gas
Structure and exterior
- Year built:1928
- Building area:11,548 sq. ft.
- Lot area:0.37 Acres
- Architectural Style:Historic
- Construction Materials:Brick
Schools
- High school:Vashon High
- Middle school:Yeatman-Liddell Middle School
- Elementary school:Hickey Elem.
Utilities
- Water:Public
Finances and disclosures
- Price:$450,000
- Price per sq. ft.:$38.97
- Tax amount:$5,054 (2024)
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