Six-Unit 3-Story Brick
5909 Cates Ave St Louis, MO 63112
5909 Cates Ave St, Louis, MO, 63112
$1,000,000
For Sale
Under Contract
$1,000,000
MULTI_FAMILY - Other - St Louis, MO
Property Size9,681 SF
Lot Size0.25 Acres
Price / SF$103.30
Days on Market35
Property Features for 5909 Cates Ave St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bathrooms
- 12
- Rooms
- Bathroom 10, Bathroom 12, Bathroom 1, Bathroom 11, Bathroom 8, Bathroom 3, Basement, Bathroom 7, Bathroom 9, Bathroom 2, Bathroom 6, Bathroom 4, Bathroom 5
- Parking features
- Off Street
- Fireplace
- 1
- Standard status
- Active Under Contract
- APN
- 4539-00-0230-0
- Size
- 9,681 SF
- Lot size
- 0.25 Acres
Utilities
- Heating system
- Natural Gas, Forced Air
- Cooling system
- Central Air, Electric
- Water source
- Public
Building Details
- Year built
- 1923
- Flooring type
- Vinyl
- Building materials
- Brick
- Architectural style
- Other
Listing agency
EXP Realty, LLC
(866) 224-1761
Listed by
Benjamin Wedi · License #2024035792
(913) 908-8001
Added: Jun 18 Updated: Jul 22 at 12:33PM Checked: Jul 22 at 3:06PM
MLS# 26036707
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.
Repositioned six-unit apartment building in a classic 3-story brick walk-up configuration. The interior renovation is fully complete and includes new kitchens, updated bathrooms, modern flooring, and brand-new mechanical, electrical, and plumbing systems throughout the property. Each unit is a 3-bedroom, 2-bath layout, and in-place washer/dryer hookups are provided in every unit. Four units are currently occupied with leases in place, and two additional units are turnkey-ready for immediate lease-up.
Located in St. Louis City in the historic West End, the property is described as steps from the Central West End, Washington University, the Delmar Loop, and Forest Park. The in-place income is listed at $7,379 per month, with stabilized annual income of $132,108 including utility reimbursements.
According to the listing, the as-is appraised value is $1,040,000 and the stated list price is $1,000,000, resulting in a 9.79% acquisition cap rate (with utility reimbursements included).
Located in St. Louis City in the historic West End, the property is described as steps from the Central West End, Washington University, the Delmar Loop, and Forest Park. The in-place income is listed at $7,379 per month, with stabilized annual income of $132,108 including utility reimbursements.
According to the listing, the as-is appraised value is $1,040,000 and the stated list price is $1,000,000, resulting in a 9.79% acquisition cap rate (with utility reimbursements included).
Key Highlights
- 3‑story brick walk‑up 6‑unit multifamily building (1923) with off‑street parking
- Renovated with new kitchens, updated bathrooms, and modern flooring; all interior work is complete
- All‑new mechanical, electrical, and plumbing (MEP) systems throughout the building
Local 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 | $174.3k | $18.00 |
| − Vacancy | −$10.5k | −$1.08 |
| EGI | $163.8k | $16.92 |
| − OpEx | −$73.7k | −$7.61 |
| NOI | $90.1k | $9.31 |
9,681 SF · lease $18.00/SF/yr · vacancy 6.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.29M
$1.13M – $1.50M
NOI $90,091 @ 7.0% cap · market cap 9.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.08M
$1.82M – $2.42M
NOI $145,440 @ 7.0% cap · market cap 14.54%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Repositioned six-unit multifamily with renovated interiors and new mechanical, electrical, and plumbing systems throughout.
Where is this apartment building located?
The property is located at 5909 Cates Ave St Louis, MO.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: 3‑story brick walk‑up 6‑unit multifamily building (1923) with off‑street parking; Renovated with new kitchens, updated bathrooms, and modern flooring; all interior work is complete; All‑new mechanical, electrical, and plumbing (MEP) systems throughout the building
