Soulard Multifamily Investment
2007 S 11th St St., Louis, MO 63104
Five-unit building near Soulard Farmers Market with income potential.
Type:Multifamily
Property size:
4,597 SFPrice / SF:
$128/SF- Added:
- Feb 6, 2026
- Days on Market:
- 104
- Last Refresh:
- Mar 17 at 1:14 pm
Property Features for 2007 S 11th St St.
General Information
- Standard status
- Active
- Size
- 4,597 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1885
Listing agent Jenifer Garcia License #MO 2011006921
Listing office Garcia Properties
Listing date Feb 6, 2026
Source Crexi
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 Garcia Properties
HighLights
- Five‑unit building in the heart of Soulard, near the farmers market, bars, and restaurants.
- Ideal for house‑hacking or first‑time buyers, offering the opportunity to live in one unit and rent out the others.
- Includes a detached 2‑bedroom carriage house in the rear.
- Townhome‑style upstairs apartments with 2 bedrooms, 1.5 baths, and a deck.
- Professionally managed and thoughtfully maintained by a long‑term owner.
- Opportunity for increased rents and value with budget‑friendly updates.
Overview
This unique five-unit building is located in the Soulard neighborhood, near the farmers market and local bars and restaurants. The layout is suited for an owner occupant or investor. The first-floor apartments each feature one bedroom and one full bathroom. The upstairs apartments are townhome-style, each with two bedrooms, one and a half bathrooms, and a deck off the third-floor bedroom. A detached carriage house in the rear contains two bedrooms and a full bathroom. The property was renovated in the 1980s and has been professionally managed and maintained by a long-term owner. The property offers potential for rental increases and value appreciation through updates such as flooring, lighting, and paint. This property is suitable for living in one unit and renting the others or building a long-term investment in a high-demand neighborhood. The property size is 4597 square feet.
Financial Insights
Value Estimation Calculated for Apartment 5plus
Conservative
$475.3K
NOI $42,780 @ 9.00% cap · cautious / downside scenario
Moderate
$611.1K
NOI $42,780 @ 7.00% cap · market / base-case scenario
Aggressive
$855.6K
NOI $42,780 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Apartment 5plus
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $82.7k | $18.00 |
| − Vacancy | −$5.0k | −$1.08 |
| EGI | $77.8k | $16.92 |
| − OpEx | −$35.0k | −$7.61 |
| NOI | $42.8k | $9.31 |
4,597 SF · lease $18.00/SF/yr · vacancy 6.00% · expense 45.00%
Alternative Use Scenarios
Best Use
Apartment 5plus
$611.1K
$534.8K – $713.0K
NOI $42,780 @ 7.0% cap · market cap 7.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$986.6K
$863.3K – $1.15M
NOI $69,062 @ 7.0% cap · market cap 11.71%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Louis
- County
- St. Louis
- State
- Missouri
- Longitude
- -90.208272
- Latitude
- 38.60833
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FAQs
What type of property is this?
Apartment building - Five-unit building near Soulard Farmers Market with income potential.
Where is this apartment building located?
The property is located at 2007 S 11th St St. Louis, MO.
What is the asking price?
The asking price for this property is $590,000.
What are key features of this property?
This property features: Five‑unit building in the heart of Soulard, near the farmers market, bars, and restaurants.; Ideal for house‑hacking or first‑time buyers, offering the opportunity to live in one unit and rent out the others.; Includes a detached 2‑bedroom carriage house in the rear.
