Residential Income for Sale: 5909 Cates Ave, St Louis, MO 63112

9,681 sqft
$1,000,000
$1,000,000
5909 Cates Ave, St Louis, MO 63112
9,681 sqft
$1,000,000
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Price:
$1,000,000
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Type Residential Income
Total Living Area 9,681 sqft
Square Footage 9,681 sqft
Garage Spaces 6
Lot Size 0.25 acres
Year Built 1923
City St Louis
County St Louis City
School District St. Louis City
Subdivision Clemens Place Add
MLS 26036707
Status Active Under Contract
DOM 95 days
Rare opportunity to acquire a fully repositioned 6-unit multifamily building in the heart of St. Louis's historic West End — steps from the Central West End, Washington University, the Delmar Loop, and Forest Park. This classic 3-story brick walk-up has undergone a comprehensive $550,000 renovation, delivering six spacious 3-bedroom/2-bathroom units averaging 1,500 SF each — one of the largest unit configurations available in this submarket. All interior work is 100% complete, including premium new kitchens, updated bathrooms, modern flooring, and brand-new mechanical, electrical, and plumbing systems throughout. Four units are currently occupied with leases in place, and two turnkey-ready units are available for immediate lease-up at market rate. Current in-place income is $7,379/month with a stabilized annual income of $132,108 including utility reimbursements. At the $1,000,000 list price, the property delivers a 9.79% acquisition cap rate — significantly above the local market average of 7.40% — with an as-is appraised value of $1,040,000, providing immediate equity at closing. With all-new MEP systems in place, capital expenditure liability over the next 7–10 years is expected to be minimal. In-unit washer/dryer hookups in every unit support above-average rents and tenant retention. An ideal acquisition for investors seeking immediate cash flow, strong yield, and long-term appreciation in one of St. Louis's most supply-constrained rental corridors.

Lot & Building Features

Architecture Mid-Rise 3or4 Story
Construction Brick
Cooling Electric, Central Air
Heating Natural Gas, Forced Air
Parking Description Parking Pad, Off Street
Water Public
Fireplaces 6

Community and Schools

Elementary School Hamilton Elem. Community Ed.
Junior High School Langston Middle
Senior High School Sumner High

Price History of 5909 Cates Ave, St Louis, MO

Date Name Price Difference
06/12/2026 Listing Price $1,000,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

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Photo of Dave Vescovo
Direct: 636-346-9458
Office
201 E Elm St
OFallon, MO 63366
636-265-3330
Listed by EXP Realty, LLC, Benjamin Wedi & David Ounanian
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5909 Cates Ave (MLS #26036707) is a residential income listing located in St Louis, MO. This is a residential income listing with a lot of 10,672 sqft (or 0.25 acres). This property was listed on 06/10/2026 and has been priced for sale at $1,000,000.

Nearby zip codes are 63105, 63108, 63113, 63130 and 63133. This property neighbors other cities such as Clayton, Hillsdale, Pagedale, University City and Wellston.

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Listing information courtesy of: EXP Realty, LLC

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