Soulard Six-Family Historic
2419 Menard Street St, Louis, MO 63104
Mid-rise 3or4 Story, 5 Family or More - St Louis, MO
Property size:
7,056 SFLot size:
0.16 AcresPrice / SF:
$107/SF- Added:
- May 13, 2026
- Days on Market:
- 17
- Last Refresh:
- May 29 at 8:06 pm
Property Features for 2419 Menard Street St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- On Street
- Standard status
- Active
- APN
- 0816-00-0160-0
- Size
- 7,056 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 5255
Utilities
- Heating system
- Forced Air, Natural Gas
- Cooling system
- Central Air, Electric
Building Details
- Year built
- 1880
- Number of units
- 6
- Building materials
- Brick
- Architectural style
- Other
Listing agent Anthony Klier License #2022012991 (314) 517-1925
Listing office The Agency 8007 Clayton Rd, Clayton, MO (314) 677-1477
Listing date May 13, 2026
MLS# 26028452
Listing URL
Copyright © 2026 Mid America Regional Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- High‑demand Soulard location: Walkable neighborhood near bars, restaurants, and the Soulard Farmers Market
- Strong income potential: In‑place 7.19% cap rate with proforma stabilized cap rate of 10.21% and $84,528 annual income
- Fully occupied six‑family property: Features five 1‑bedroom units and one oversized 3‑bedroom / 2‑bath unit
- Value‑add opportunities: Potential to convert attic space into a 3BR/2BA unit for increased rental income
- Recent improvements: Includes a new roof (2020) and new concrete patio (2022)
- Desirable features: Hardwood floors, exposed brick, soaring ceilings, updated interiors, and in‑unit laundry in select units
Overview
Located in the heart of Soulard, this all-brick historic six-family property at 2417-23 Menard Street presents a rare acquisition opportunity. The property is fully occupied and features five 1-bedroom units and one oversized 3-bedroom/2-bath unit. Currently, the property generates $7,044 per month ($84,528 annually) in rental income. Unit rents are as follows: 2419 ($1,060/mo), 2419-A ($980/mo), 2421 ($1,200/mo), 2421-A ($910/mo), 2423 ($1,120/mo), and 2423-A ($1,774/mo). The property features hardwood floors, exposed brick, soaring ceilings, updated interiors, and in-unit laundry in select units. Recent improvements include a new roof (2020) and a new concrete patio (2022). The massive gated rear yard offers potential for off-street parking or additional outdoor amenities. The building also features a large unfinished attic that provides the opportunity to convert one of the existing 1BR/1BA units into a 3BR/2BA unit by expanding into the attic space, with projected market rent of approximately $2,250/month after completion. Situated less than half a mile from Anheuser-Busch and just minutes from Downtown St. Louis, tenants enjoy walking-distance access to Soulard’s bars, restaurants, coffee shops, and the historic Soulard Farmers Market. The property size is 7,056 square feet and the lot size is 0.157 acres.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $127.0k | $18.00 |
| − Vacancy | −$7.6k | −$1.08 |
| EGI | $119.4k | $16.92 |
| − OpEx | −$53.7k | −$7.61 |
| NOI | $65.7k | $9.31 |
7,056 SF · lease $18.00/SF/yr · vacancy 6.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$938.0K
$820.8K – $1.09M
NOI $65,663 @ 7.0% cap · market cap 8.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.51M
$1.33M – $1.77M
NOI $106,004 @ 7.0% cap · market cap 13.95%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Map
- City
- Louis
- County
- St. Louis
- State
- Missouri
- Longitude
- -90.20984
- Latitude
- 38.602875
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Fully occupied six-family property in high-demand Soulard neighborhood.
Where is this apartment building located?
The property is located at 2419 Menard Street St Louis, MO.
What is the asking price?
The asking price for this property is $760,000.
What are key features of this property?
This property features: High‑demand Soulard location: Walkable neighborhood near bars, restaurants, and the Soulard Farmers Market; Strong income potential: In‑place 7.19% cap rate with proforma stabilized cap rate of 10.21% and $84,528 annual income; Fully occupied six‑family property: Features five 1‑bedroom units and one oversized 3‑bedroom / 2‑bath unit
