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About the Listing SLRG01 - GALAFSER,MMILLSLA
This 1912-built four-unit multifamily building at 4504 Arsenal Street presents an exceptional value-add opportunity directly across from Tower Grove Park. The 5,162-square-foot property features one three-bedroom/one-bath unit and three two-bedroom/one-bath units, with three of the four units currently vacant, allowing immediate renovation commencement. Recent ownership improvements include a brand new roof and gutters, interior ceiling repairs, rebuilt deck, exterior cleanup and landscaping, freshened common areas, and complete cleanout, establishing a solid foundation for the next phase of improvements. Positioned along the northern edge of Tower Grove South, the property enjoys direct access to the 289-acre National Historic Landmark Tower Grove Park with its weekly farmers' market, free St. Louis Symphony concerts, and seven miles of trails. The location provides outstanding connectivity to major employment centers, with BJC HealthCare and Washington University Medical Center three miles north, Saint Louis University two miles northeast, and the Cortex Innovation District 2.5 miles north. The forthcoming $18 million Tower Grove Connector will further enhance commuter accessibility upon its 2026 completion. We believe this represents a compelling investment based on the extraordinary location where Tower Grove Park-facing buildings rarely become available. With estimated market rents of $1,550 per month and the potential for the true three-bedroom unit to achieve $1,750 or higher depending on finishes, the renovated property could reach an approximate $800,000 stabilized value. A comparable four-unit building recently sold for $775,000 despite being smaller and less updated. Missouri State and Federal Historic tax credits may provide additional return enhancement for this 1912-vintage building in one of St. Louis' most vibrant historic neighborhoods.
Listing Highlights
Status
Active
Days on Site
36
Property Type
Multi-Family
MLS ®
26026004
Year Built
1912
Total Square Footage
5,162
Lot/Acreage
0.15
County
St Louis City
Neighborhood
C B 5017 Arsenal
Area
3 - South City
School District
St. Louis City
Elementary School
Mann Elem.
Middle School
Long Middle Community Ed. Center
High School
Roosevelt High
Interior Details
- Bedrooms: 7
- Bathrooms: 2 Full
- Appliances: Electric Cooktop
- Air Cond: Ceiling Fan(s),Central Air
- Heating: Forced Air
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 5162
- Below Ground Sq Ft: n/a
- Basement: Concrete
- Other:
- Water: Public
Exterior Details
- Garage Capacity: N/A
- Roof: Membrane
- Others:
- Sewer:
- Parking Features: On Street
Financial Details
- Tax Amount: $4,267
- Taxes w/Assessments: N/A
- Tax/Property ID: 5017-00-0160-0
- Tax Year: 2025
Payment Calculator
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Questions About..
4504 Arsenal St St Louis, MO 63116
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