Contacts

Timothy McCarthy

Salient Realty Group

(314) 451-7145

Property Details

Property Type Multi-Family
Property Size 5,481 SF
Units 4
Year Built 1904
Date Updated Feb 19, 2024

iIncredible opportunity to own a 4 family in Tower Grove East near Tower Grove Park. This would be perfect for an owner-user or for an investor to add to their portfolio. Rents are significantly below market - Lease rates in the neighborhood for similar style units are ~$1,100. With the location, there is a tremendous opportunity to utilize a traveling nurses’ program and get significantly higher rents. All units are 1/1 and are approximately 950 SF. The property has updated systems – PVC stakes, updated electrical, 3/4 of the A/C units have been recently replaced, newer hot water heaters, vinyl windows and the roof was replaced in 2018.

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Highlights

Incredible Location
Rents Well Below Market
Great Opportunity for an Owner/Occupant - 1 unit is currently vacant
Systems Updated & New Roof in 2018

Getting around

87/100
Walk Score ®
40/100
Transit Score ®
79/100
Bike Score ®

Powered by Walk Score ®

City Saint Louis, MO
Neighborhood Tower Grove East
Zip Code 63118
Market St Louis

Points of Interest

Grand

1.66 miles
Cortex

2.00 miles
Union Station

2.33 miles
Central West End

2.36 miles
Saint Louis

2.38 miles
Civic Center

2.44 miles
Stadium

2.79 miles
8th & Pine

3.01 miles
Red Rocks Station

3.18 miles
Convention Center

3.26 miles

EVgo Charging Station

0.32 miles
BP

0.43 miles
Conoco

0.97 miles
76

1.00 miles
BP

1.16 miles
MPC

1.24 miles
QuikTrip

1.44 miles
Phillips 66

1.44 miles
Moto Mart

1.54 miles
QuikTrip

1.58 miles

1327

1.49 miles
Visitor Lot

1.55 miles
Tour Parking

1.57 miles
Chroma Apartments Garage

1.63 miles
Santa Clara Lot

1.95 miles
IKEA Parking Lot

1.96 miles
4220 Duncan Garage

1.99 miles
Laclede Parking Garage

1.99 miles
Market Street Parking Garage

2.04 miles
Gonzaga Lot

2.05 miles

Holiday Inn Express St. Louis

1.20 miles
Residence Inn

1.88 miles
Element St. Louis Midtown

1.98 miles
Home2 Suites by Hilton St. Louis/Forest Park

2.03 miles
Aloft by Mariott

2.15 miles
Courtyard by Marriott Downtown

2.19 miles
Hotel Ignacio

2.24 miles
Drury Inn St. Louis At Union Station

2.26 miles
Fairfield Inn & Suites by Marriott St. Louis Downtown

2.27 miles
Pear Tree Inn Union Station

2.33 miles

Ruler Foods

0.08 miles
Jay International Foods

0.40 miles
Schnucks

0.77 miles
ALDI

1.03 miles
El Torito

1.04 miles
Local Harvest Grocery

1.09 miles
Save-A-Lot

1.25 miles
Save-A-Lot

1.25 miles
Midwest Pasta Company

1.37 miles
World Market

1.38 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

3548-3550 Magnolia Ave