12-Unit Multifamily
For Sale
$240,000
4042 Palm St, Saint Louis, MO 63107
Four-building residential income property with townhouse units, two lots, and LIHTC-related rental restrictions.
Property Size3,744 SF
Price / SF$64.10
Days on Market21
Property Features for 4042 Palm St
General Information
Standard status
Active
Size
3,744 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
12
Taxes and HOA fees
Annual Taxes
$500
Building Details
Buildings
4
Listing Agency:
Sorkin & Associates, LLC
(314) 368-2463
Listed By:
Richard Sorkin
(314) 368-2463
Source:
Exprealty
Added: Aug 1
Changed: Aug 20
Last Checked: Aug 20 at 12:11PM
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 Sorkin & Associates, LLC
Investment Insights
Based on property information with market context.
The property comprises six existing buildings, with two slated for demolition, leaving four buildings containing 12 units and two lots. The buildings are located near one another at 4042 Palm St in Saint Louis, Missouri. The unit configuration includes two- to four-bedroom townhouses with 2 1/2 baths.
Three buildings underwent rehabilitation approximately 25 years ago, including replacement plumbing, electrical systems, windows, HVAC, and drywall. The fourth building was newly constructed during that period. Seven units are vacant and sustained some damage in the 2025 tornado. The prior rehabilitation used LIHTC tax credits, creating rental restrictions and requiring approval of the buyer and management company by MHDC; the approval process may take two months.
Three buildings underwent rehabilitation approximately 25 years ago, including replacement plumbing, electrical systems, windows, HVAC, and drywall. The fourth building was newly constructed during that period. Seven units are vacant and sustained some damage in the 2025 tornado. The prior rehabilitation used LIHTC tax credits, creating rental restrictions and requiring approval of the buyer and management company by MHDC; the approval process may take two months.
Key Highlights
- 12 units across four buildings after two buildings are demolished
- Two lots included with the multifamily property
- Townhouse units range from two to four bedrooms and include 2 1/2 baths
Property Analytics
Property Profile
Current Use
Lease Details
12
Residential units
Location Intelligence
Trade Area within ½ mile
443
Businesses Nearby
Explore this area
Business Placement
Demographics for 63107, MO
8,829
Population
6,651
Households
1.3
Avg Household Size
42
Median Age
13%
College-Educated
80%
High-School Grad
2.3 sq mi
ZIP Area
3,839
Density / Sq Mi
$40,522
Median Household Income
$33,910
Median Earnings
$839
Median Rent
$57,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Four-building residential income property with townhouse units, two lots, and LIHTC-related rental restrictions.
Where is this multifamily property located?
The property is located at 4042 Palm St Saint Louis, MO.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: 12 units across four buildings after two buildings are demolished; Two lots included with the multifamily property; Townhouse units range from two to four bedrooms and include 2 1/2 baths
