3656-3660 Bates St

Fully Occupied 8-Unit Multifamily Asset in South City St. Louis | Strong Rental Market

Highlights

Fully-leased 8-unit asset featuring all 2 Bed/1 Bath units

Well-maintained 1940 brick construction

Stable South St. Louis neighborhood with consistent rental demand and low turnover

Significant recent capital improvements

Long-term neighborhood stability

Excellent South City location near transit, highways, retail, and amenities

Strong neighborhood demographics with an avg. household income of $89,464 and avg home value of $256,413, reflecting a stable and desirable residential area

Overview

CBRE, as exclusive marketing advisor, is pleased to present 3656–60 Bates Street, a fully leased 8‑unit brick apartment building located in South St. Louis. Situated along a residential corridor, the property offers investors a stabilized asset in an established neighborhood with strong rental demand and low tenant turnover.

The property consists of eight two‑bedroom, one‑bathroom units, all of which have been updated in recent years. Units feature efficient layouts, hardwood flooring, ample natural light, and both front and rear private entrances. The building is secured by an electronic entry system and offers off-street parking, new concrete patio and walkways, and newly constructed decks and stairways.

Significant capital improvements include a new roof (2021), new foundation (2022), tuckpointing, four new HVAC systems, and four new hot water heaters, positioning the property for minimal near‑term capital needs.

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Location Description

Conveniently located near public transportation, major highways, shopping, dining, Carondelet Park, and the YMCA, 3656–60 Bates Street provides excellent accessibility and long‑term investment appeal.