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    The Largest CRE Database in the US with Over 1 Million Listings

    1956 Sidney St St Louis, MO 63104

    Sponsored
    For Sale
    $1,250,000

    5 Family or More, Historic,Mid-rise 3or4 Story,Modern - St Louis, MO

    Property size:
    8,435 SF
    Lot size:
    0.13 Acres
    Days on Market:
    24
    Last Refresh:
    Feb 20 at 12:06 am

    Property Features for 1956 Sidney St St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Security features
    Smoke Detector(s)
    APN
    1798-00-0010-0
    Parking features
    Off Street
    Interior features
    Custom Cabinetry, Eat-in Kitchen, Entrance Foyer, Granite Counters, High Ceilings, Kitchen/Dining Room Combo, Open Floorplan, Shower, Tub
    Exterior features
    Corner Lot, Courtyard
    Fireplace
    1
    Appliances
    Dishwasher, Dryer, Garbage Disposer, Microwave, Range, Range - Gas, Refrigerator, Washer, Washer/Dryer Combo
    Size
    8,435 SF
    Lot size
    0.13 Acres

    Utilities

    Heating system
    Fireplace(s), Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1887
    Number of units
    7
    Flooring type
    Hardwood
    Building materials
    Brick, Stone
    Architectural style
    Modern

    We can help!

    Listing Contact
    Kathy Bresnahan
    Kathy Bresnahan

    Red Key Realty Leaders Stl (314) 692-7200

    Listing agent Kathy Bresnahan (314) 692-7200 License #2005028487

    Listing date Jan 28, 2026

    MLS# 25045609 Listing URL

    Copyright © 2026 MARIS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Renovated 7-Unit Historic Benton Park Building

    This fully occupied, newly renovated 7-unit historic building is located in the heart of Benton Park. Recent capital improvements exceeding $250,000 have created a turnkey investment with stable income. Interior updates feature modern layouts with renovated kitchens, white cabinetry, granite countertops, stainless steel appliances, tiled floors, updated hardware, and contemporary lighting. Each unit includes in-unit laundry with washer/dryer, new flooring, and fresh paint. Updated bathrooms showcase subway-tiled tub/shower surrounds, new vanities, and modern fixtures. Bedrooms offer generous closet space, paneled doors, and natural light. Exterior improvements include tuckpointing, sewer lateral replacement, and landscaping. Several new HVAC systems and hot water heaters have been installed. All units feature individual HVAC systems and electric panels. The property is situated in a high-demand Benton Park rental corridor, close to restaurants, parks, public transportation, and major highways. This 8,435 square foot building sits on a 0.132-acre lot. It presents an opportunity for investors seeking a low-maintenance, stabilized asset in a prime St. Louis neighborhood.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Map

    City
    Louis
    County
    St. Louis
    State
    Missouri
    Longitude
    -90.2175027
    Latitude
    38.60339866

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    FAQs

    What type of property is this?
    Apartment building - Fully occupied, renovated 7-unit building in the heart of Benton Park.
    Where is this apartment building located?
    The property is located at 1956 Sidney St St Louis, MO.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: - Turnkey investment property with strong, stable income thanks to over $250,000 in recent capital improvements.; - Fully occupied, newly renovated 7-unit historic building in the heart of Benton Park.; - Modern, in-demand layouts with renovated kitchens featuring white cabinetry, granite countertops, and stainless steel appliances.
    (314) 322-4492
    Request Owner's contact information
    1956 Sidney St St Louis, MO 63104
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    Louis, MO 63104
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1956 Sidney St St Louis, MO 63104
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    We can help!
    Listing Contact
    Kathy Bresnahan
    Kathy Bresnahan
    Real Estate License ID: 2005028487
    (314) 322-4492 (314) 677-6000 (314) 677-6176
    Learn more
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