Listed price in listed location currency (USD).
$752,500

000

MLS® 26028452

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Residential Income
Size 7056 sqft
Garage 
Taxes $5,255
Days Active 49
Lot Size 0.157 Acres
Approx. Age 1880
Avg. Price Per Sqft $106
MLS® Number 26028452

Property Address: 2419 Menard St, Saint Louis, MO, 63104-4329

Average square foot calculated using Size range provided by listing agent.

Description

2417-23 Menard Street is a rare opportunity to own a fully occupied, all-brick historic six-family in the heart of Soulard — one of St. Louis' most walkable and highest-demand rental neighborhoods. Freshly repriced to $752, 500, the building offers an in-place cap rate of roughly 7.26% with a proforma stabilized cap rate north of 10.3%. The unit mix features five 1-bedroom units and one oversized 3-bedroom / 2-bath, together generating $7, 044/month ($84, 528 annually) in in-place rent, with additional upside through lease rollovers and value-add execution. Current rents: 2419 ($1, 060), 2419-A ($980), 2421 ($1, 200), 2421-A ($910), 2423 ($1, 120), and 2423-A ($1, 774). Inside you'll find hardwood floors, exposed brick, soaring ceilings, updated interiors, and in-unit laundry in select units. Recent capital improvements include a new roof (2020) and new concrete patio (2022). The massive gated rear yard opens the door to off-street parking or additional outdoor amenities, and a large unfinished attic creates a clear value-add path: convert one of the existing 1BR/1BA units into a 3BR/2BA by expanding into the attic, with projected market rent of approximately $2, 250/month upon completion. Seller is motivated to make a deal — and strongly prefers to sell alongside the adjacent lot at 2417 Menard Street. Both are available to package together, offering a buyer added flexibility for parking, expansion, or future development on a single contiguous footprint. Located less than half a mile from Anheuser-Busch and minutes from Downtown St. Louis, tenants enjoy walking-distance access to Soulard's bars, restaurants, coffee shops, and the historic Soulard Farmers Market — one of the most desirable rental locations in the city. Property is currently fully occupied. Call the listing agent to schedule a showing; preapproval or proof of funds required. Ask the listing agent for additional photos, rent roll, expenses, and system ages.
MLS® Number26028452
Laundry LevelEnsuite
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1880
Basement
DrivewayOn Street
Garage Spaces
HeatForced Air, Natural Gas
A/CCentral Air, Electric

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

May 7, 2026List Date
$752,500List Price
  • Commute

Commute

Starting Address
Destination Address
2419 Menard St, Saint Louis, MO

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