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    Apartment buildings

    5339 Pershing Ave St, St. Louis, MO 63112

    5,940 SF 0.2 ac lot Built 1912
    Property ID
    Property summary
    AI-generated overview

    This exceptional 6-unit apartment building, built in 1912, presents a compelling investment opportunity in St. Louis' desirable DeBaliviere neighborhood. Situated on a spacious 0.2-acre lot, the property boasts 5,940 square feet across two stories. The building comprises three two-bedroom, one-bathroom units, each featuring an extra office/den space, and three one-bedroom, one-bathroom units with private balconies. All units are generously sized and well-designed, equipped with all-electric HVAC systems, electric water heaters, wood-burning fireplaces, and in-unit washer/dryers. Many units showcase updated kitchens with granite countertops and newer appliances, along with plank flooring. Residents enjoy both interior and exterior access via a side deck. Significant recent improvements include a new PVC plumbing and electrical system, a brand-new deck installed in September 2023, and a roof that is only 7 years old. The property also offers off-street parking and a large, flat backyard. Its convenient location provides easy access to Forest Park, highways, and local amenities such as Crema coffee and Mack's Bar & Grill. The property is being sold AS-IS. This is a rare chance to acquire a well-maintained multifamily property in a highly sought-after area. The asking price is $830,000.

    Property profile
    Verified
    Property type Apartment buildings
    Year built 1912
    Total area 5,940 SF
    Lot 0.2 ac (8,712 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Isalis (Bike/Boat/Book/etc) Store
    • Party City Party Supply Store (Bike/Boat/Book/etc) Store
    • Skunk Funk Big Box & Wholesale Store
    • Carl's Trading Co Hat Shop
    • Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
    Value estimations
    Realmo proprietary · 4 methods
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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