Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Renovated 6-Unit Multifamily Building Title is generated by Realmo AI

    2304 S 10th St St., Louis, MO 63104

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Fully renovated 6-unit building in the heart of Soulard.

    Type:Multifamily
    Property size:
    4,121 SF
    Price / SF:
    $146/SF
    Added:
    Feb 27, 2026
    Days on Market:
    83
    Last Refresh:
    Mar 17 at 1:16 pm

    Property Features for 2304 S 10th St St.

    General Information

    Standard status
    Active
    Size
    4,121 SF
    Property subtype
    Multifamily

    Building Details

    Year Built
    1897

    We can help!

    Listing Contact
    Jenifer Garcia

    Listing agent Jenifer Garcia License #MO 2011006921

    Listing office Garcia Properties

    Listing date Feb 27, 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

    • Fully renovated in 2016 with new roof, HVAC, plumbing, and electrical systems.
    • Located in the heart of Soulard, a prime walkable neighborhood, close to restaurants, bars, nightlife, and Pontiac Park.
    • Desirable unit mix: one 2‑bedroom and five 1‑bedroom units.
    • In‑unit laundry in every unit.
    • Unique townhome‑style layout in three upper units, with two including a bonus room.
    • Large front yard providing extra privacy and quiet.

    Overview

    This renovated 6-unit building presents a real estate investment opportunity. The historic building underwent a complete renovation in 2016, including a new roof, HVAC system, plumbing, and electrical systems. The property features six units: one 2-bedroom unit and five 1-bedroom units. The unit mix is suited for young professionals and long-term renters. Three first-floor units offer single-level living, while the three upper units feature a townhome-style layout spanning the second and third floors. Two of the townhome units include a bonus room suitable for a home office. Every unit includes in-unit laundry. The building is set back from the street on a large front yard, providing privacy. It is located near Pontiac Park and in the Soulard neighborhood, surrounded by restaurants, bars, and nightlife. The property is in turnkey condition and located in a walkable neighborhood. The property size is 4121 square feet.

    Financial Insights

    Value Estimation Calculated for Apartment 5plus

    Conservative
    $426.1K
    NOI $38,350 @ 9.00% cap · cautious / downside scenario
    Moderate
    $547.9K
    NOI $38,350 @ 7.00% cap · market / base-case scenario
    Aggressive
    $767.0K
    NOI $38,350 @ 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 $74.2k $18.00
    − Vacancy −$4.5k −$1.08
    EGI $69.7k $16.92
    − OpEx −$31.4k −$7.61
    NOI $38.4k $9.31
    4,121 SF · lease $18.00/SF/yr · vacancy 6.00% · expense 45.00%

    Alternative Use Scenarios

    Best Use
    Apartment 5plus
    $547.9K
    $479.4K – $639.2K (±1% cap)
    NOI $38,350 @ 7.0% cap · market cap 6.34%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $884.4K
    $773.9K – $1.03M (±1% cap)
    NOI $61,911 @ 7.0% cap · market cap 10.23%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Louis
    County
    St. Louis
    State
    Missouri
    Longitude
    -90.207331
    Latitude
    38.604805

    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
    • $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
    • $390,000
      6,590 SF

      South City Triplex Opportunity

      As-is triplex in historic neighborhood with income potential.
      2702 S 13th Street, St Louis, MO 63118
      View Details
    • $695,000

      Turnkey 9-Family Plus Commercial Space

      Fully renovated 9-family building with commercial space in South City.
      3659 S Broadway, St Louis, MO 63118
      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
    • $625,000
      4,400 SF

      Freestanding Office Building on Hampton

      High-visibility office building with high-end finishes and flexible floor plan.
      4700 Hampton Avenue, St Louis, MO 63109
      View Details
    • $850,000
      17,923 SF

      Iconic Building Near SLU Campus

      Redevelopment opportunity near Saint Louis University in walkable Midtown.
      3914 Lindell Boulevard, St Louis, MO 63108
      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
    • $369,900

      Versatile Mixed-Use Building in St. Louis

      Former nursing facility with endless possibilities for commercial use.
      2754 Bacon Street, St Louis, MO 63106
      View Details

    FAQs

    What type of property is this?
    Apartment building - Fully renovated 6-unit building in the heart of Soulard.
    Where is this apartment building located?
    The property is located at 2304 S 10th St St. Louis, MO.
    What is the asking price?
    The asking price for this property is $605,000.
    What are key features of this property?
    This property features: Fully renovated in 2016 with new roof, HVAC, plumbing, and electrical systems.; Located in the heart of Soulard, a prime walkable neighborhood, close to restaurants, bars, nightlife, and Pontiac Park.; Desirable unit mix: one 2‑bedroom and five 1‑bedroom units.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Jenifer Garcia
    Real Estate License ID: MO 2011006921
    Learn More
    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
    2304 S 10th St, St. Louis, MO 63104
    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!