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3656-3660 Bates St
Saint Louis, MO 63116
Multifamily Property For Sale
·
8 Units
Investment Highlights
- Fully-leased 8-unit asset featuring all 2 Bed/1 Bath units
- Significant recent capital improvements
- Strong neighborhood demographics with an avg. household income of $89,464 and avg home value of $256,413
- Stable South St. Louis neighborhood with consistent rental demand, low turnover, and long-term neighborhood stability
- Excellent South City location near transit, highways, retail, and amenities
Executive Summary
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.
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.
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.
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.
Property Facts
| Price Per Unit | $93,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.28 AC |
| No. Units | 8 | Building Size | 10,584 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1940 |
| Zoning | F | ||
| Price Per Unit | $93,750 |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.28 AC |
| Building Size | 10,584 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1940 |
| Zoning | F |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 8 | - | - |
Property Taxes
| Parcel Number | 5863-00-0100-0 | Improvements Assessment | $68,120 |
| Land Assessment | $5,050 | Total Assessment | $73,170 |
Property Taxes
Parcel Number
5863-00-0100-0
Land Assessment
$5,050
Improvements Assessment
$68,120
Total Assessment
$73,170
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