2419 Menard Street St Louis, MO 63104
MULTI_FAMILY - Other - St Louis, MO
Property Features for 2419 Menard Street St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- On Street
- Appliances
- Gas Water Heater
- 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
- Natural Gas, Forced Air
- Cooling system
- Central Air, Electric
- Water source
- Public
Building Details
- Year built
- 1880
- Number of units
- 6
- Building materials
- Brick
- Architectural style
- Other
Listing agent Anthony Klier License #2022012991 (314) 280-9996
Listing office The Agency 8007 Clayton Rd, Clayton, MO (314) 677-1477
Listing date May 14, 2026
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.
Investment Insights
Based on property information with market context.
The building includes a new roof (2020) and a new concrete patio (2022). A massive gated rear yard provides flexibility for off-street parking or additional outdoor amenities. There is also a large unfinished attic that presents 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 per month after completion.
Located in the Soulard area of St. Louis, the property is listed as less than half a mile from Anheuser-Busch and minutes from Downtown St. Louis. The remarks indicate walk-distance access to Soulard’s bars, restaurants, coffee shops, and the Soulard Farmers Market. With its current occupancy and apartment mix, the building may be well suited for investors seeking a turn-key rental asset while evaluating the attic conversion as a future unit configuration option.
Key Highlights
- Fully occupied all‑brick historic six‑family built in 1880 with five 1BD units and one oversized 3BR/2BA unit
- In‑place rent of $7,044/month ($84,528 annually) with stated 7.19% in‑place cap rate and 10.21% proforma stabilized cap rate
- Unit rent includes $1,060 (2419), $980 (2419‑A), $1,200 (2421), $910 (2421‑A), $1,120 (2423), and $1,774 (2423‑A)
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 |
