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About the Listing EXRT01 - LAPPLEBY
Well-positioned 6-family opportunity in a strong rental corridor with great exposure on Cherokee. This 7,000+ sqft property consists of six units each with consistent true 2 bed, 1 bath floorplans (no walkthrough bedrooms) supporting stable, long-term leasing. Each unit offers front and rear access, with covered porches overlooking a fenced in backyard. Modern amenities include double pane windows, forced air heat and central AC throughout along with a NEW ROOF in '26, two off-street parking spaces, and three separate basements providing laundry capability and options for tenant storage. Projected rental performance is above the 1% rule, presenting compelling fundamentals on cash flow and long-term hold strategy. Located just off Cherokee Street in South St. Louis, the property benefits from proximity to one of the city’s most active and culturally vibrant corridors, known for its retail, dining, and arts district. Whether you’re an owner-occupant or seasoned investor, this income-oriented asset offers scale, simplicity, and durable upside for the disciplined investor.
Listing Highlights
Status
Active
Days on Site
11
Property Type
Residential
MLS ®
26009054
Year Built
1898
Total Square Footage
7,112
Lot/Acreage
0.18
County
St Louis City
Neighborhood
Cherokee Place Add
Area
2 - Central East
School District
St. Louis City
Elementary School
Froebel Elem.
Middle School
Long Middle Community Ed. Center
High School
Roosevelt High
Interior Details
- Bedrooms: 12
- Bathrooms: 6 Full
- Appliances:
- Air Cond: Central Air
- Heating: Electric,Forced Air,Natural Gas
- Fireplaces: 6, Decorative
- Floor:
- Above Ground Sq Ft: 7112
- Below Ground Sq Ft: n/a
- Basement: Unfinished
- Other:
- Water: Public
Exterior Details
- Lot Description: Back Yard,Level
- Garage Capacity: N/A
- Parking Spaces: 2
- Roof: Flat
- Others:
- Sewer: Public Sewer
- Parking Features: Concrete,Off Street,Parking Pad
Financial Details
- Tax Amount: $2,054
- Taxes w/Assessments: N/A
- Tax/Property ID: 1576-00-0240-0
- Tax Year: 2024
Payment Calculator
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Questions About..
2902-2906 Cherokee Street 2902-2906 St Louis, MO 63118
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