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8-Unit Brick Apartment Building

3656 Bates Street, Saint Louis, MO 63116

For Sale
$750,000

Updated residences feature hardwood floors and separate front and rear entrances.

Property Size10,584 SF
Price / SF$70.86
Days on Market11

Property Features for 3656 Bates Street

General Information

Standard status Active
Size 10,584 SF
Property subtype Residential Income
Occupancy 100%

Site & Location

Highway Access Yes
Public Transit Yes

Units

Unit Mix 8 x 2BR/1BA
Multifamily Units 8

Additional Details

Tenant in Place Yes

Taxes and HOA fees

Annual Taxes $6,395

Amenities

electronic entry system
off-street parking
concrete patio
concrete walkways
decks
stairways

Building Details

Building Size 10,584 SF
Year Built 1940
Buildings 1
Units 8
Construction brick
Listing Agency: CBRE
Listed By: Matt Bukhshtaber · License #2011029892
Source: Jenahrealtygroup
Added: Oct 30 Changed: Nov 7 Last Checked: Nov 8 at 12:23PM

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 CBRE

Rey
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Investment Insights

Based on property information with market context.

This 10,584-square-foot brick apartment property, built in 1940, contains eight fully leased homes, each with two bedrooms and one bathroom. Recent unit updates include hardwood flooring, practical layouts, and private entrances at both the front and rear. An electronic entry system serves the building, with off-street parking, a concrete patio, walkways, decks, and stairways on site.

Major work includes a roof installed in 2021, foundation work completed in 2022, tuckpointing, four HVAC systems, and four hot water heaters. The property is in South St. Louis, near public transportation, major highways, retail and dining, Carondelet Park, and the YMCA.

Key Highlights

  • Eight leased apartments, each configured with two bedrooms and one bathroom
  • 10,584 square feet; built in 1940
  • Roof replaced in 2021 and foundation work completed in 2022

Property Analytics

Who owns this building? See the owner, sales and loan history
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Lease Details

8
Residential units
100%
Occupancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

469
Businesses Nearby

Demographics for 63116, MO

41,959
Population
22,394
Households
1.9
Avg Household Size
37
Median Age
37%
College-Educated
90%
High-School Grad
5.4 sq mi
ZIP Area
7,770
Density / Sq Mi
$60,193
Median Household Income
$42,012
Median Earnings
$946
Median Rent
$161,100
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Average Price Trend$/SF for Apartment buildings in St. Louis County, MO

$110 Jul
$111 Aug
$108 Sep
$123 Oct

Properties on Market for Apartment buildings in St. Louis County

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Updated residences feature hardwood floors and separate front and rear entrances.
Where is this apartment building located?
The property is located at 3656 Bates Street Saint Louis, MO.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Eight leased apartments, each configured with two bedrooms and one bathroom; 10,584 square feet; built in 1940; Roof replaced in 2021 and foundation work completed in 2022
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