Active
801-803 Russell Blvd
St Louis, MO 63104
$1,649,900
0 beds · 0 baths
Listing office: The Cova Group
Photo 1 of 1
About this home
Eight units, 100% occupied, in the heart of historic Soulard, available as a single portfolio for $1,649,000. This package combines two classic brick four-family buildings, 801-803 Russell Blvd and 1216-1218 Soulard St, and delivers immediate cash flow from day one. Current contractual rent totals $13,950/month ($167,400/year), producing an annualized NOI of $140,718 and an 8.53% in-place cap rate at just $206,125 per unit. Both buildings have been thoughtfully renovated, with modern kitchens, stainless appliances, updated baths, and in-unit laundry, and the portfolio can be sold furnished for a true turnkey acquisition. Staggered leases, some running into 2028, add stability. Soulard is one of St. Louis' most in-demand rental neighborhoods: steps to Soulard Market, restaurants, and nightlife, and minutes to Busch Stadium, downtown, and major highways. Opportunities to acquire eight renovated, fully leased units in a single transaction here are rare. Schedule your showing today. Package sale only. Figures reflect an annualized current run rate, not a historical T-12, and exclude unprovided expense categories. Buyer to verify all information.
Home facts
- Bedrooms
- 0
- Bathrooms
- 0
- Property type
- Residential Income · 5 Family or More
- Year built
- 1893
- Subdivision
- Soulards Add
- Days on market
- 37
- Listed on
- Sep 16, 2026
- Listing office:
- The Cova Group, 314-4224552
- Listing agent:
- Anthony Cova
- MLS number:
- 26059658
Presented by Narrative Real Estate, 314-480-5353, jess@jessicaberchtold.com
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MARIS data last updated at October 24, 2026 at 4:30 AM CDT.
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