Turnkey 8-Unit Multifamily
For Sale
Under Contract
$1,550,000
2219 Benton Terrace St, Louis, MO 63139
MULTI_FAMILY - St Louis, MO
Property Size7,400 SF
Price / SF$209.46
Days on Market10
Property Features for 2219 Benton Terrace St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 2, Bedroom 2, Bedroom 3, Bathroom 1
Parking
8
Basement
Concrete
Subdivision
Kreikenbaums
Elementary school
Mason Elem.
Middle school
Long Middle Community Ed. Center
High school
Roosevelt High
Elementary school district
St. Louis City
Middle school district
St. Louis City
High school district
St. Louis City
Standard status
Active Under Contract
APN
4625-04-0140-0
Size
7,400 SF
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3146
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1902
Building materials
Brick
Listing Agency:
The Agency
(314) 677-1477
Listed By:
Anthony Klier · License #2022012991
(314) 280-9996
Added: Jul 22
Changed: Jul 29
Last Checked: Jul 31 at 4:06AM
MLS# 26032388
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.
Turnkey 8-unit multifamily portfolio featuring two adjacent brick apartment buildings with fully renovated interiors. The 2219–2221 Benton Terrace building includes four 2BR/1BA units, and the 2223–2225 Benton Terrace building includes three 2BR/1BA units plus one 1BR/1BA unit. Across approximately 7,400 square feet of 1902 construction, renovations include brand-new kitchens with stainless appliances and quartz countertops, full bath remodels, luxury vinyl plank flooring, fresh paint top-to-bottom, in-unit laundry in every unit, central air, forced-air heat, individual water heaters, updated electrical, and PVC plumbing stacks.
The portfolio includes one unit vacant in each building, providing flexibility for an owner-occupant or immediate leasing. Each building also offers four dedicated off-street parking spaces, private outdoor space including back decks and backyards, and basement storage.
Available as a portfolio package or individually, this property presents an eight-unit configuration with the majority of units already covered by a tenant base and updated mechanical and interior systems throughout.
The portfolio includes one unit vacant in each building, providing flexibility for an owner-occupant or immediate leasing. Each building also offers four dedicated off-street parking spaces, private outdoor space including back decks and backyards, and basement storage.
Available as a portfolio package or individually, this property presents an eight-unit configuration with the majority of units already covered by a tenant base and updated mechanical and interior systems throughout.
Key Highlights
- 8‑unit Dogtown portfolio in 1902 brick construction: seven 2BR/1BA units plus one 1BR/1BA unit totaling 7,400 SF
- Two adjacent 4‑families side by side: 2219‑2221 Benton Terrace (four 2BR/1BA) and 2223‑2225 Benton Terrace (three 2BR/1BA + one 1BR/1BA)
- Just‑completed top‑to‑bottom rehab: brand‑new kitchens with stainless appliances and quartz countertops, full bath remodels, LVP flooring, fresh paint
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 | $133.2k | $18.00 |
| − Vacancy | −$8.0k | −$1.08 |
| EGI | $125.2k | $16.92 |
| − OpEx | −$56.3k | −$7.61 |
| NOI | $68.9k | $9.31 |
7,400 SF · lease $18.00/SF/yr · vacancy 6.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$983.8K
$860.8K – $1.15M
NOI $68,864 @ 7.0% cap · market cap 4.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.59M
$1.39M – $1.85M
NOI $111,172 @ 7.0% cap · market cap 7.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
75%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
543
Businesses Nearby
Explore this area
Business Placement
Demographics for 63139, MO
21,971
Population
12,187
Households
1.8
Avg Household Size
38
Median Age
49%
College-Educated
96%
High-School Grad
3.8 sq mi
ZIP Area
5,782
Density / Sq Mi
$74,749
Median Household Income
$52,298
Median Earnings
$1,086
Median Rent
$199,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Two side-by-side renovated brick buildings offer eight total apartments with in-unit laundry and central air.
Where is this apartment building located?
The property is located at 2219 Benton Terrace St Louis, MO.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: 8‑unit Dogtown portfolio in 1902 brick construction: seven 2BR/1BA units plus one 1BR/1BA unit totaling 7,400 SF; Two adjacent 4‑families side by side: 2219‑2221 Benton Terrace (four 2BR/1BA) and 2223‑2225 Benton Terrace (three 2BR/1BA + one 1BR/1BA); Just‑completed top‑to‑bottom rehab: brand‑new kitchens with stainless appliances and quartz countertops, full bath remodels, LVP flooring, fresh paint
