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The Lange & 3620 Texas Ave 2 Multifamily Properties Offered at $4,500,000 in Saint Louis, MO
Investment Highlights
- 27-unit property located in the Gravois Park neighborhood of St. Louis
- Ideal mix of one- and two-bedroom floor plans averaging 813 SF
- Tax abatement through 2028 (The Lange) and 2033 (3620 Texas Ave.)
- Condo-quality finishes in both properties including updated kitchens with stainless steel appliances and quartz countertops
- Close to I-55 and I-44 providing convenient access to all major employment centers throughout the St. Louis metro and Downtown
- Room to raise rents through new ownership period
Executive Summary
CBRE is pleased to present The Lange and 3620 Texas Avenue, a two-property multifamily portfolio located in the historic Gravois Park neighborhood of St. Louis, Missouri. This rare offering consists of two contiguous assets totaling 27 units. The Lange is a historic redevelopment originally built in 1884 and fully renovated in 2018 with 15 thoughtfully modernized units featuring stainless steel appliances, updated kitchens, and quartz countertops. 3620 Texas Avenue, completed in 2022, introduces 12 brand-new construction units with high-quality finishes and contemporary design. Residents enjoy secured gated access, a private outdoor terrace, controlled courtyard entry, and off-street gated parking. Situated between Cherokee Street and Chippewa Street, the portfolio occupies a 0.64-acre site and is offered on a free and clear basis at an asking price of $4,500,000.
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Property Facts
| Price | $4,500,000 | Number of Properties | 2 |
| Price / SF | $229.59 / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 19,600 SF |
| Status | Active | Total Land Area | 0.87 AC |
| Price | $4,500,000 |
| Price / SF | $229.59 / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 19,600 SF |
| Total Land Area | 0.87 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 3620 Texas Ave, Saint Louis, MO 63118 | Multifamily | 10,000 SF | 2022 | - |
|
The Lange
3600 Texas Ave, Saint Louis, MO 63118 |
Multifamily | 9,600 SF | 1884 | - |
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The Lange & 3620 Texas Ave
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