1709 S 8th St Immeuble residentiel 6 lots 755 011 € (125 835 €/Lot) Saint Louis, MO 63104

Investment Overview
1709–1711 South 8th Street is a 6-unit historic brick multifamily asset located in the heart of Soulard, one of St. Louis’ most established and high-demand rental neighborhoods. Positioned just three blocks from the Soulard Farmers Market, the property benefits from exceptional walkability, strong tenant demand, and long-term neighborhood stability.
Constructed in 1892, the property reflects classic St. Louis red-brick multifamily architecture and has been thoughtfully maintained with targeted capital improvements that enhance operational reliability while preserving historic character. The offering represents an opportunity to acquire a stabilized, income-producing asset with flexible ownership and exit strategies.
Property Description
The property consists of six (6) residential units across two separately deeded buildings, each containing three units. The current unit mix includes:
2 × 2-Bedroom / 1-Bathroom
2 × 1-Bedroom / 1-Bathroom
2 × Studio / 1-Bathroom
Current in-place rents generate $6,692 in monthly gross income (subject to rent roll verification). All units are residential and supported by a rear surface parking lot with six (6) dedicated spaces, providing one parking space per unit—an uncommon and highly valuable amenity in the Soulard submarket.
An unfinished basement provides access to mechanical systems and may offer future potential for shared tenant storage or operational improvements.
Capital Improvements & Systems
The ownership has completed several meaningful capital improvements aimed at preserving the building envelope, improving common areas, and upgrading key systems, including:
Exterior tuckpointing on front façades and critical structural areas (1709–1711)
New lighting and fresh paint throughout hallways and entry areas
New furnace installation for 1709 S 8th Street, Unit 2 (April 2022)
New AC coil installation (June 2024)
These improvements help mitigate near-term capital exposure and support stable ongoing operations.
Investment Highlights
Prime Soulard location within walking distance to dining, nightlife, and community amenities
Historic brick construction with strong curb appeal
Dedicated parking (6 spaces)—a major tenant draw in an urban setting
Separately deeded buildings, offering flexibility for future disposition
Potential owner-occupant financing if buildings are sold individually (buyer to verify)
Stable in-place income with long-term rental demand drivers
Location & Market
Soulard is one of St. Louis’ most recognizable historic neighborhoods, known for its vibrant street life, architecture, and proximity to downtown employment centers. Tenant demand remains consistently strong due to limited supply, historic preservation, and lifestyle amenities. Properties within walking distance of the Soulard Market historically outperform broader city averages in occupancy and rent stability.
Conclusion
1709–1711 S 8th Street offers investors a rare combination of historic character, functional unit mix, dedicated parking, and structural flexibility in a core St. Louis submarket. This asset is well-suited for investors seeking a stabilized hold with optional future exit strategies, including individual building disposition or owner-occupant resale.