Renovated 13-Unit Apartment
New
For Sale
$1,362,562
1523 S 10th St St., Louis, MO 63104
Fully leased multifamily property with updated interiors, private in-unit laundry, and gated off-street parking.
Property SizeContact for details
Days on Market5
Property Features for 1523 S 10th St St.
General Information
Standard status
Active
Net Rentable
12,394 SF
Property subtype
Multifamily
Occupancy
100%
Financials
Gross Income
$188,244
Average Monthly Rent
$1,207
Units
Unit Mix
9 x 1BR/1BA, 4 x 2BR/2BA
Multifamily Units
13
Parking per Unit
1
Amenities
100 Percent Occupancy – All Thirteen (13) Units are Leased as of 20 July 2026, and the Property has Historically Operated at or near Full Occupancy with Private Gated Off-Street Parking
In-Place Income – $15,687 in Monthly Rent and $188,244 of Annualized Gross Rental Income, with Lease Expirations Staggered through August 2027
Established Cash Flow – 2026 Proforma Net Operating Income of $95,621 Against $92,623 of Operating Expenses, a 49.2 Percent Expense Ratio
Attractive Basis – Indicated Value of$1,362,562 at an 7.02 Percent Capitalization Rate Approximately
Soulard Location – 1523 S 10th Street, Minutes from Downtown St. Louis and within Walking distance of the Anheuser Busch Brewery.
Renovated Asset – Built in 1978 and Substantially Renovated in 2016, with Granite Counters, Hardwood and Luxury Vinyl Flooring, and Updated HVAC, Windows and Lighting
Large Floor Plans – 953 Square Foot Average Unit Size Across Nine One-bed / One-bath and Four Two-Bed / Two-Bath Units, with In-Unit Private Laundry and Gated 1:1 Off-Street Parking
Rent Upside – Current Average Rent of $1,207 per Unit sits Below the Soulard Rent Comparable Set, Supporting Mark-to-Market Growth.
Building Details
Year Built
1978
Year Renovated
2016
Buildings
1
Units
13
Construction
masonry
Listing Agency:
St. Louis Office
Listed By:
Alec Coronado · License #License(s): MO: 2020018510
(314) 889-2562
Source:
Marcusmillichap
Added: Sep 11
Last Checked: Sep 14 at 5:30AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of St. Louis Office
Investment Insights
Based on property information with market context.
The Soulard Condos property is a masonry apartment building containing 13 units and approximately 12,394 rentable square feet. Constructed in 1978 and substantially renovated in 2016, the property offers nine one-bedroom, one-bath residences and four two-bedroom, two-bath residences. Interior improvements include granite kitchen and bathroom counters, hardwood and luxury vinyl flooring, updated HVAC systems, replacement windows, modern lighting, private in-unit laundry, and open layouts. Gated off-street parking is provided at a 1:1 ratio.
Located at 1523 S 10th Street in St. Louis, the property is within walking distance of the Anheuser Busch Brewery and minutes from downtown St. Louis. All 13 units are leased, with staggered lease expirations extending through August 2027.
Located at 1523 S 10th Street in St. Louis, the property is within walking distance of the Anheuser Busch Brewery and minutes from downtown St. Louis. All 13 units are leased, with staggered lease expirations extending through August 2027.
Key Highlights
- 13‑unit apartment building with approximately 12,394 rentable square feet
- Built in 1978 and substantially renovated in 2016
- Unit mix includes nine 1‑bedroom/1‑bath units and four 2‑bedroom/2‑bath units
Property Analytics
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Current Use
Lease Details
13
Residential units
Location Intelligence
Trade Area within ½ mile
1,185
Businesses Nearby
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Business Placement
Demographics for 63104, MO
19,317
Population
10,958
Households
1.8
Avg Household Size
34
Median Age
54%
College-Educated
94%
High-School Grad
3.4 sq mi
ZIP Area
5,681
Density / Sq Mi
$70,127
Median Household Income
$53,693
Median Earnings
$1,054
Median Rent
$249,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully leased multifamily property with updated interiors, private in-unit laundry, and gated off-street parking.
Where is this apartment building located?
The property is located at 1523 S 10th St St. Louis, MO.
What is the asking price?
The asking price for this property is $1,362,562.
What are key features of this property?
This property features: 13‑unit apartment building with approximately 12,394 rentable square feet; Built in 1978 and substantially renovated in 2016; Unit mix includes nine 1‑bedroom/1‑bath units and four 2‑bedroom/2‑bath units
