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About the Listing INVS01 - JCJOLLAR,JSCHOEN
Opportunity to acquire an updated three-family asset in The Grove, one of St. Louis’ most desirable central corridor neighborhoods. Located near Forest Park, the Missouri Botanical Garden, Cortex, Barnes-Jewish Hospital, and the shops, restaurants, and nightlife along Manchester Avenue, 1133 Talmage offers strong rental appeal with both owner-occupant and investor upside. The 4,164 square foot building includes a spacious, converted three-bedroom, two-bath townhome unit with more than 2,000 square feet, plus two large one-bedroom, one-bath units, each offering more than 1,000 square feet. The townhome unit is currently vacant, making it an ideal option for an owner-occupant looking to live in one unit while the existing tenants help offset the mortgage. The two one-bedroom units are occupied by long-term month-to-month tenants at below-market rents of $1,110 and $995 per month, creating a clear opportunity to increase income over time. Nearby rental comparables show similar one-bedroom units averaging approximately $1,625 within a 1.5-mile radius, while comparable three-bedroom units average approximately $2,342 within a 3-mile radius. The building features updated kitchens, some stainless steel appliances, updated bathrooms, fireplaces, central air, hardwood floors, in-unit washers and dryers, a partially fenced backyard, patio space, and balconies for the upper-floor units. With a desirable location, large unit layouts, existing rental income, and a vacant owner-occupant-ready townhome, 1133 Talmage offers a strong combination of stability and upside in The Grove.
Listing Highlights
Status
Active
Days on Site
31
Property Type
Multi-Family
MLS ®
26039282
Year Built
1891
Total Square Footage
4,128
Lot/Acreage
0.32
County
St Louis City
Neighborhood
McRee Add
Area
3 - South City
School District
St. Louis City
Elementary School
Adams Elem.
Middle School
Fanning Middle Community Ed.
High School
Vashon High
Interior Details
- Bedrooms: 5
- Bathrooms: 4 Full
- Appliances: Electric Water Heater
- Air Cond: Ceiling Fan(s),Central Air,Electric
- Heating: Electric,Forced Air
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 4128
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Garage Capacity: N/A
- Roof:
- Others: Balcony,Updated/Remodeled
- Sewer:
- Parking Features: Detached
Financial Details
- Tax Amount: $1,267
- Taxes w/Assessments: N/A
- Tax/Property ID: 3992-00-0260-0
- Tax Year: 2023
Payment Calculator
Monthly Payment
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- in Taxes
Years
% Down Payment
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Questions About..
1133 Talmage Ave St Louis, MO 63110
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