High-Value Add Potential
Located in the heart of South St. Louis City, this property presents a rare investment opportunity.
Major Renovations Completed
Most of the heavy lifting is done—investors can add the finishing touches to maximize value.
Rare & Spacious Units
Large 3-bed, 2-bath townhome-style units are in high demand, commanding top market rents.
Built-In Equity & Strong Cash Flow
Priced competitively, offering investors the potential for immediate equity and significant monthly returns.
Strong Sales Comps
Similar townhome units are pending sale at $379,000, while smaller 2-bed, 1-bath duplexes have sold for up to $320,000.
Prime Location
Centrally located near major roads, public transit, shopping, dining, and just 10 minutes from downtown St. Louis—making tenant demand high.
High Rental Potential
Rental projections of up to $1,600/month per unit ensure a low-maintenance, high-yield investment for years to come.
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Property Highlights
The Building & Systems
Virtual Tour
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This mixed-use building presents a prime opportunity for an investor or developer to transform a blank slate into a high-performing asset in the heart of South City. Priced at $425,000, the property has undergone significant improvements, including a large new deck and a three-car garage, but still requires plumbing, electrical updates, drywall, and finishing touches to reach its full potential. Notably, six units are already gutted and framed, making it well on its way to becoming a fully functional six-unit apartment building.
The building currently features three apartments on the upper level and three commercial spaces on the main level, which are ideal for conversion into additional apartments. Additionally, a large, open, unfinished attic offers even more potential for creative development. Located in a vibrant and rapidly redeveloping area, the property is surrounded by sought-after neighborhoods like Tower Grove East, Fox Park, and Benton Park West, all experiencing substantial revitalization. Its prime South City location provides easy access to public transportation, major thoroughfares, highways, and downtown St. Louis. Residents will enjoy proximity to a wealth of neighborhood shops, restaurants, and bars, adding to the area’s appeal.
With strong rental demand, 1-bedroom, 1-bath apartments in the area rent for over $1,000 per month. Comparable multi-family properties sell for over $100,000 per unit, underscoring the value and income-generating potential of this property. Whether you are an experienced developer or a savvy investor, 2648 Gravois offers a rare chance to create a high-demand residential asset in one of St. Louis’ most promising areas. Don’t miss this opportunity to capitalize on the growth and vibrancy of South City!
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Property Highlights:
Prime Location:
Located in The Grove, one of St. Louis’ most vibrant and growing neighborhoods, this property offers a rare opportunity to capitalize on the area’s ongoing revitalization. Surrounded by popular bars, restaurants, nightlife, major hospitals, SLU, Forest Park, and with convenient highway access.
Potential Uses:
Perfect for investors, developers, or owner-occupants seeking a strategic income-producing asset. Potential uses include offices, an event venue, a restaurant, conversion to multi family. Townhomes could be built on the vacant portion of the property or have off street parking.
Virtual Tour of the Building: https://my.matterport.com/show/?m=D6HABGVFRCk&mls=1
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Location & Neighborhood Highlights:
Property & Investment Highlights:
Features:
Rental Potential:
Virtual Unit Tours:
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Property Features:
Prime Location in The Grove:
Rental Income Potential:
Tenant Appeal:
Virtual Tours:
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This well-maintained apartment complex, built in 1989, features 10 buildings, including six four-family buildings, one triplex, and three duplexes. The property offers a total of 33 units, consisting of three 4-bedroom units, 24 3-bedroom units, and six 2-bedroom units. Each unit is all-electric with central air, thermal windows, and newer roofs.
Conveniently located near Highway 44 in a quiet cul-de-sac, the complex provides a peaceful living environment. Tenants are responsible for their own electric, water, and sewer utilities.
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14-unit building featuring 10 two-bedroom units and 4 one-bedroom units.
This property is an excellent income-generating investment opportunity. Located within the Festus city limits, it is conveniently within walking distance of a school and a daycare next door.
The building includes coin-operated washers and dryers, private storage units for each tenant in the basement, and an office with a bathroom for added functionality.
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This turnkey property features two buildings with a total of 24 units, located in a peaceful rural setting. The complex includes 12 one-bedroom units and 12 two-bedroom units, all equipped with central air and thermal windows. Residents enjoy the convenience of on-site coin-operated laundry, public sewer, and 36 parking spaces. The property fosters a strong sense of community with its playground, picnic area, and outdoor bonfire space. The roof and siding, both well-maintained, were updated 15 years ago.
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This 24-unit apartment complex, built in 1986, has been meticulously cared for over the years. It consists of two buildings featuring a total of 16 two-bedroom units and 8 one-bedroom units. Each apartment is equipped with baseboard heating and window air conditioning, providing reliable and efficient comfort for tenants.
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