Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    St Louis Multifamily Restoration Opportunity Title is generated by Realmo AI

    2925 Gasconade Street St, Louis, MO 63118

    View on Map
    Claim this Listing
    Pending
    $275,000

    5 Family or More, Apartment Style - St Louis, MO

    Property size:
    9,704 SF
    Lot size:
    0.16 Acres
    Added:
    May 1, 2026
    Days on Market:
    38
    Last Refresh:
    Jun 7 at 1:06 am

    Property Features for 2925 Gasconade Street St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Pending
    APN
    2600-00-0360-0
    Size
    9,704 SF
    Lot size
    0.16 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    869

    Building Details

    Year built
    1928
    Floors in Building
    2
    Number of units
    12
    Building materials
    Brick, Stone
    Architectural style
    Other

    We can help!

    Listing Contact
    Jody Parrish
    Jody Parrish

    Listing agent Jody Parrish License #1999099430

    Listing office EXP Realty, LLC 3636 S Geyer Rd Ste 100, Overland Park, MO

    Listing date May 1, 2026

    MLS# 26011093 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

    • 12 individual 1 Bed 1 Bath units offer significant renovation potential.
    • Historic 1920s architectural style provides unique character.
    • Brick and stone construction offers durability and classic appeal.
    • Opportunity to restore a property to its former glory.
    • Potential to create a crown jewel property in the neighborhood.
    • Blank canvas for customization and design.

    Overview

    This multifamily property, constructed in the 1920s, presents a restoration opportunity. The building contains 12 units, each featuring one bedroom and one bathroom. The property offers period-correct brickwork and vintage charm. Encompassing 9704 square feet, the building sits on a 0.1578-acre lot. This property is located in St Louis, MO 63118.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Map

    City
    Louis
    County
    St. Louis
    State
    Missouri
    Longitude
    -90.235776
    Latitude
    38.581971

    Nearby Similar for Sale

    • $200,000
      2,380 SF

      Versatile Commercial Space in St. Louis

      2,380 sqft commercial space with high ceilings and great location.
      2605 N 20th Street, St Louis, MO 63106
      View Details
    • $765,000
      7,680 SF

      Renovated Mixed-Use Historic Building

      Renovated mixed-use building with renovated commercial space, upstairs apartments, and a 20-space concrete parking lot.
      7714 S Broadway, St Louis, MO 63111
      View Details
    • $699,000
      8,202 SF

      Downtown St. Louis Venue For Sale

      Prominent downtown St. Louis Blues & Jazz venue now available!
      700 S Broadway, St Louis, MO 63102
      View Details
    • $750,000
      17,923 SF

      Historic Entertainment Venue Redevelopment

      Large entertainment building steps from Saint Louis University, offering redevelopment options for dining, nightlife, or mixed-use concepts.
      3914 Lindell Boulevard, St Louis, MO 63108
      View Details
    • $1,450,000
      7,400 SF

      Office/Warehouse Building on Busy Intersection

      7,400 SF office/warehouse on 0.55 acres near major interstates.
      6062 Lemay Ferry Road, St Louis, MO 63129
      View Details
    • $427,000
      2,944 SF

      Freestanding Restaurant Building with Drive-Thru

      Freestanding restaurant building features a drive-thru window, commercial kitchen, and dedicated seating, currently leased to a donut operation.
      8500 Morganford Road, St Louis, MO 63123
      View Details
    • $900,000
      13,708 SF

      Warehouse with Autobody Improvements

      Warehouse with painting bay, 12-foot ceilings, three drive-in doors, and office space, offered in as-is condition.
      4561 Delmar Boulevard, St Louis, MO 63108
      View Details
    • $335,000
      2,856 SF

      St Louis Quadplex For Sale

      Well-maintained 4-unit quadplex in the North Hampton neighborhood.
      5026 - 5028 Chippewa, St Louis, MO 63109
      View Details
    • $199,900
      3,240 SF

      Retail Opportunity in St Louis

      Retail property with redevelopment potential in a busy location.
      8304 N Broadway, St Louis, MO 63147
      View Details
    • $899,000
      6,400 SF

      Mixed-Use Property on The Hill

      6,400 SF mixed-use property in St. Louis's vibrant The Hill neighborhood.
      4916 Shaw Avenue, St Louis, MO 63110
      View Details
    • $350,000
      4,200 SF

      Versatile Commercial Building on Gravois

      Adaptable commercial building in high-traffic location with strong exposure.
      5628-30 Gravois Avenue, St Louis, MO 63116
      View Details
    • $750,000
      12,528 SF

      Downtown St. Louis Commercial Condo

      7,078 SF commercial condo in the heart of downtown.
      920 Olive Street, St Louis, MO 63101
      View Details

    FAQs

    What type of property is this?
    Apartment building - 12-unit multifamily property in St Louis, MO, needs full restoration.
    Where is this apartment building located?
    The property is located at 2925 Gasconade Street St Louis, MO.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: 12 individual 1 Bed 1 Bath units offer significant renovation potential.; Historic 1920s architectural style provides unique character.; Brick and stone construction offers durability and classic appeal.
    (314) 496-5639
    We can help!
    Listing Contact
    Jody Parrish
    Jody Parrish
    Real Estate License ID: 1999099430
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2925 Gasconade Street, St Louis, MO 63118
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!