2500 18Th St St. Louis, MO 63104
- Commercial real estate
- 34,288 SF
Current Use by Public Records
- The Cloisters / Apartment Building
Property Details for 2500 18Th St
- Property size
- 34,288 SF
- Property type
- Commercial real estate
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- St. Louis
- County
- St. Louis
- State
- Missouri
- Longitude
- -90.2137114
- Latitude
- 38.6033823
