3656-60 Bates Street 3656 Bates Street
St. Louis, MO 63116
For Sale
10,584 sqft
Sale Price
$840,000
Property Website
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Multifamily For Sale - Available Immediately
Fully Occupied 8-Unit Multifamily Asset in South City St. Louis | Strong Rental Market
Fully-leased 8-unit asset featuring all 2 Bed/1 Bath units
Well-maintained 1940 brick construction
Stable South St. Louis neighborhood with consistent rental demand and low turnover
Significant recent capital improvements
Long-term neighborhood stability
Excellent South City location near transit, highways, retail, and amenities
Strong neighborhood demographics with an avg. household income of $89,464 and avg home value of $256,413, reflecting a stable and desirable residential area
Get in touch
Kenin Halilovic
Matt Bukhshtaber
Mark Bukhshtaber
Max Barron
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.
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.
Total Space Available
10,584 sqft
Sale Price
$840,000
Get in touch
Kenin Halilovic
Matt Bukhshtaber
Mark Bukhshtaber
Max Barron