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About the Listing AGNC01 - ANTKLIER
2417-23 Menard Street presents a rare opportunity to acquire a fully occupied, all-brick historic six-family property in the heart of Soulard — one of St. Louis’ most walkable and highest-demand rental neighborhoods, listed at a in-place 7.19% cap rate with a proforma stabilized cap rate of 10.21%. The property consists of five 1-bedroom units and one oversized 3-bedroom / 2-bath unit, currently generating $7,044/month ($84,528 annually) in in-place rental income with additional upside through future lease rollovers and value-add potential. Unit rents are as follows: 2419 ($1,060/mo), 2419-A ($980/mo), 2421 ($1,200/mo), 2421-A ($910/mo), 2423 ($1,120/mo), and 2423-A ($1,774/mo). The property features hardwood floors, exposed brick, soaring ceilings, updated interiors, and in-unit laundry in select units. Recent improvements include a new roof (2020) and new concrete patio (2022), while the massive gated rear yard offers potential for off-street parking or additional outdoor amenities. The building also features a large unfinished attic that provides the opportunity to convert one of the existing 1BR/1BA units into a 3BR/2BA unit by expanding into the attic space, with projected market rent of approximately $2,250/month after completion. Located less than half a mile from Anheuser-Busch and just minutes from Downtown St. Louis, tenants enjoy walking-distance access to Soulard’s bars, restaurants, coffee shops, and the historic Soulard Farmers Market — making this one of the most desirable rental locations in the city. This property is currently fully occupied, call agent to schedule a showing, must have preapproval or proof of funds to show. Ask listing agent for additional photos, rent roll, expenses, system ages, etc.
Listing Highlights
Status
Active
Days on Site
27
Property Type
Multi-Family
MLS ®
26028452
Year Built
1880
Total Square Footage
7,056
Lot/Acreage
0.16
County
St Louis City
Neighborhood
Allens Add
Area
2 - Central East
School District
St. Louis City
Elementary School
Sigel Elem. Comm. Ed. Center
Middle School
Long Middle Community Ed. Center
High School
Roosevelt High
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances: Gas Water Heater
- Air Cond: Central Air,Electric
- Heating: Forced Air,Natural Gas
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 7056
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Garage Capacity: N/A
- Roof:
- Others:
- Sewer:
- Parking Features: On Street
Financial Details
- Tax Amount: $5,255
- Taxes w/Assessments: N/A
- Tax/Property ID: 0816-00-0160-0
- Tax Year: 2025
Payment Calculator
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Questions About..
2419 Menard St St Louis, MO 63104
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