Active

5300 Maple Avenue

St Louis MO, 63112

$1,550,000


$97.85 per sqft

Active

15,840 sqft

Commercial

Built in 1908

Welcome to 5300 Maple Ave.: 2 buildings comprised of 18 units: 12 (2 Bedroom units), 4 multi-level town homes (2 bedroom units), 2 (1 bedroom units). Property has been receiving upgrades since acquisition: a newer roof less than 5 years old including the flat roof; 3 new decks (2 in back and 1 in middle); wooden fence in rear; metal fence in front; and many new systems in place. 14 units having been revamped and refreshed. Building features a basement utilized as an office and storage that could provide supplemental coin laundry income. The property is on a quiet dead-end street less than a mile from Forest Park golf course and the famous mansions on Lindell Blvd. Washington University is also nearby. This stabilized property with the tax rate of Saint Louis generates enough income to set it apart from any other multi-family buildings on the market. A realistic pro-forma suggests over a 10% cap if you increase the below market rents. This is an excellent opportunity!

24041954

MLS ID

July 8, 2024

Listed

January 15, 2025

Updated

Map

5300 Maple Avenue
St Louis MO, 63112

Interior Features

Laundry Description

Common Laundry, Other


Fireplace

No


Cooling

Yes


Cooling Description

Electric


Heating

Yes


Heating Description

Forced Air

Exterior/Building Features

Lot Size

0.36 Acres


Sewer

Public Sewer

School Information

School District

St. Louis City


High School

Sumner High


Elementary School

Hamilton Elem. Community Ed.

Other Property Details

Area Name

Central West


Taxes

$8,166


Tax Frequency

Annually


Days on Market

189


Garage

No


Parking

On Street


View

No


County

St Louis City


Municipality

St. Louis City


Water Source

Public


Pool

No

Listing History

Date

Event

Price

1/15/2025

Price change

$1,550,000

-7%

8/29/2024

Active

8/27/2024

Pending

8/20/2024

Price change

$1,650,000

-3%

Courtesy of Elevate Realty, LLC, Brian Combs

Listings displaying the MARIS logo are courtesy of the participants of MO - Mid America Regional Information Systems (MARIS) Internet Data Exchange. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Bethany DeMaggio shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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