711 Decatur Street, St. Charles, MO 63301
$420,000 (Available Now)

7-Unit Multi-Family Investment in St. Charles

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Invest in St. Louis

Rare opportunity to acquire an updated 7-family property with a 2-car garage in St. Charles. The main building includes five units, while two additional units are located in a separate building at the rear of the property. Tenants enjoy access to a fenced backyard and a covered front porch. The main building offers approximately 2,415 sq ft of living space, with an estimated 1,100 sq ft in the rear building, totaling roughly 3,515 sq ft.

Currently, six units are occupied. Once fully leased—including the seventh unit and the second garage space (which rents for $50/month)—the property is projected to generate $4,335 per month in gross rental income. There is solid potential for rent increases. The average rent for studio apartments within a 10-mile radius over the past year is $1,207, while one-bedroom units within a 3-mile radius averaged $1,309. Over the past 12 months, the property generated $47,531 in income, with operating expenses totaling $20,540.

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Property Details:
Square Footage: 2415 County: St. Charles County Units: 5+ Condition: Turn Key Occupancy: Some Units Vacant Parking: Garage, Off Street Parking, On Street Parking Heating: N/A Cooling: Window Units Construction: Brick, Siding Basement: N/A
Home Amenities:
  • Fridge
  • Stove
  • Hardwood Floors
  • Carpet
Agent Details:
Owner / Broker: Jordan Schoen Phone: (314) 255-5117 Fax: (314) 480-7053
Contact Agent: Please use the form below to contact agent Jordan Schoen about this listing.

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