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3259 Minnesota Ave 2 Unit Apartment Building Offered at $200,000 Saint Louis, MO 63118
Investment Highlights
- In-unit laundry
- Off-street parking
- Updated interiors
Executive Summary
Historic brick 2-family in the heart of Benton Park West offering an excellent opportunity for a seasoned investor looking to add to their portfolio or for someone looking to get started in real estate investing with a solid investment property. This classic 2-story building features two nearly 900 sq ft units, each offering 2 bedrooms, 1 bathroom, in-unit laundry, and well-maintained, updated interiors. Both units are occupied with strong rental income already in place. One lease is through 10/2026 and the other through 5/2027, providing immediate cash flow and stability. Additional features include a fenced backyard and off-street 2-car parking pad in the rear. Fantastic city location just blocks from all of the great restaurants, shops, and nightlife along Cherokee Street, offering the perfect blend of investment potential and exciting urban living. Great investment property with long-term upside in one of the city’s most vibrant neighborhoods.
Property Facts Under Contract
| Price | $200,000 | Building Size | 1,776 SF |
| Price Per Unit | $100,000 | Average Occupancy | 100% |
| Sale Type | Investment | No. Stories | 2 |
| No. Units | 2 | Year Built | 1896 |
| Property Type | Multifamily | ||
| Zoning | B - Two Family Residential-B | ||
| Price | $200,000 |
| Price Per Unit | $100,000 |
| Sale Type | Investment |
| No. Units | 2 |
| Property Type | Multifamily |
| Building Size | 1,776 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1896 |
| Zoning | B - Two Family Residential-B |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | - | - |
1 1
Moderately walkable
70/100
Moderately drivable
60/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 1504-00-0380-0 | Improvements Assessment | $19,220 |
| Land Assessment | $950 | Total Assessment | $20,170 |
Property Taxes
Parcel Number
1504-00-0380-0
Land Assessment
$950
Improvements Assessment
$19,220
Total Assessment
$20,170
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3259 Minnesota Ave
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