225 W Steins Street

St Louis, MO 63111

This renovated property features 6 truly, turn-key, 1 BR units that stay in demand & are easily rented. The property underwent a wholesale renovation roughly 15 years ago with updates to all major components (roof, plumbing, electrical, HVAC, windows, etc.). All units offer updated kitchens with dishwashers, spacious bathrooms with tub/ shower combo, central heating & cooling, and in-unit Washer/ Dryer). Plus, the building is all electric which is another big selling point for tenants. Over half the building is occupied by long-term tenants, some of which have been there 5+ years. There is off-street parking on a concrete pad in back. All tenants are on market rate leases and gross monthly revenues surpass $4,500 at 100% occupancy. At current financials (let's repeat that - at current financials - not some dream world), the cap rate is exceeding 8%. The building is located in the Historic, Carondelet neighborhood within walking distance to several desirable amenities: Upgraded YMCA Rec-Plex; Grocery & Retail Stores; Carondelet Park with lake, trails and playgrounds; Great Rivers Greenway trails; locally-owned restaurants like Stacked & Perennial Artisan Ales; and easy access to public transportation. This is a stable, cash-flowing investment that you’ll want to add to your portfolio! 1 unit was built-out as ADA compliant. Seller is currently keeping 1 unit vacant for showings but it will likely fill quickly. Make your appointment to view soon! This property can be sold together as a package with MLS #s: 25076015 & 25065186

Listing courtesy of St. Louis Real Estate Society


Based on information submitted to the MLS GRID as of 2026-01-19 02:12 AM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.