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Property Description

This Soulard 3-family comes with a duplex in the front of the parcel AND a single-family house in the rear of the parcel (3 units, 2 buildings) -- giving you two properties for the price of one in one of St. Louis' most desirable and walkable neighborhoods.

The property is fully occupied and currently generates $4,650/month in rental income ($55,800 annually). The front duplex consists of a 1 bed / 1 bath unit currently rented for $1,100/month and a 2 bed / 2 bath unit currently rented for $1,450/month. In the rear of the parcel sits a beautifully updated 2 bed / 1.5 bath single-family home currently leased for $2,100/month.

Between the two buildings is a private courtyard/backyard space, creating a unique separation between the properties and a great outdoor area rarely found in city investments. The rear single-family home feels like a true architectural showpiece, featuring high-end finishes and modern design throughout.

The flexibility of this property is what makes it so special. An owner-occupant could live in the high-end rear home while the duplex in front produces over $2,500/month in rental income, potentially covering a large portion of the mortgage. Investors could also explore short-term rental potential, with AirDNA projections suggesting over $4,000/month per unit in possible Airbnb income.

Located just steps from Duke's, which offers a free shuttle to Cardinals, Blues, STL City SC games, and major downtown concerts, plus all the restaurants, bars, and nightlife that make Soulard one of the most vibrant neighborhoods in St. Louis.

The property is fully occupied, preapproval/ proof of funds required to schedule a tour.

Overview

Property Status
For Sale
Lot Size
2,443.72 Sq.Ft.
MLS ID
26013276
Property Type
Residential
Year Built
1885

Features & Amenities

Neighborhood
Soulard
Architecture Styles
Other
Water Source
Public
Heat Type
Forced Air, Natural Gas
Air Conditioning
Central Air, Electric
Appliances
Gas Water Heater
Elementary School
Sigel Elem. Comm. Ed. Center
Middle School
Fanning Middle Community Ed.
High School
Roosevelt High
School District
St. Louis City
Sales Price
$525,000
Real Estate Tax
$3,029/yr

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1007 Allen Avenue

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1007 Allen Avenue

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  • CallAnthony Klier

    License #2022012991

    (314) 517-1925
  • 1007 Allen Avenue
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