3656-60 Bates Street — Sale in St. Louis, MO

  • Price: $840K
  • Listing type: For sale
  • Asset type: Business
  • Location: St. Louis, MO 63116

Description

Fully Occupied 8-Unit Multifamily Asset in South City St. Louis | Strong Rental Market CBRE, as exclusive marketing advisor, is pleased to present 3656–60 Bates Street, a fully leased 8‑unit brick apartment building located in South St. Louis. Situated along a residential corridor, the property offers investors a stabilized asset in an established neighborhood with strong rental demand and low tenant turnover. The property consists of eight two‑bedroom, one‑bathroom units, all of which have been updated in recent years. Units feature efficient layouts, hardwood flooring, ample natural light, and both front and rear private entrances. The building is secured by an electronic entry system and offers off-street parking, new concrete patio and walkways, and newly constructed decks and stairways. Significant capital improvements include a new roof (2021), new foundation (2022), tuckpointing, four new HVAC systems, and four new hot water heaters, positioning the property for minimal near‑term capital needs.

Market Context

This commercial property in St. Louis, MO is listed for sale at $840,000. It has been on the market for 13 days. Compare it against other commercial property listings for sale in St. Louis, MO — view the full market.

Contact

Explore this market

Similar Business for Sale in St. Louis, MO