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    OFF-MARKET
    Commercial real estate

    2500 18Th St, St. Louis, MO 63104

    34,288 SF
    Property ID
    US48-0029879
    Property summary
    AI-generated overview

    This exceptional 34,288-square-foot multifamily property, a Class B apartment building, presents a compelling investment opportunity in the desirable Soulard neighborhood of St. Louis, Missouri. Built in 1886, this boutique building boasts 22 units, offering a mix of one, two, and three-bedroom apartments. Each unit features spacious floor plans, hardwood floors, and in-unit washer/dryer hookups. Modernized systems include central HVAC throughout the building. Tenant amenities include a fitness center and a swimming pool. Currently operating at 100% occupancy, this stabilized investment offers the potential for future rent increases. The property also benefits from an annual Tax Increment Financing (TIF) income of approximately $31,160 through 2026. Located at 2500 S 18th St, St. Louis, MO 63104, this property combines historic charm with a prime location in a vibrant urban setting. The building's strong performance and potential for growth make it an attractive addition to any investment portfolio.

    Property profile
    Verified
    Property type Commercial real estate
    Total area 34,288 SF
    UPID US48-0029879
    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
    • The Cloisters Apartment Building
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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