1942 Clara Avenue, St Louis, MO 63112

• 3,556 sqft

Property Description

PRICE REDUCTION!!! Don't miss this fully occupied, cash-flowing opportunity in the historic Wells-Goodfellow neighborhood. This one offers an 11% cap rate and a 21% return. Previously a four family, this has been converted to two townhouse style units each containing three bedrooms and two bathrooms. Each unit's main floor contains a living room, dining room, large eat-in kitchen, and a half bath. Upstairs you'll find three additional bedrooms and a full bath. Both tenants are long term and are on annual leases, providing an investor peace of mind. This building brings in $1,500 per month with long term paying tenants- so you're doing much better than the "1% rule". While this one delivers a great return as-is, there is plenty of upside to upgrade the units and get significantly higher rent. Priced to move, so bring us your offer! Showings only with an accepted contract so tenants aren't disturbed. Potential to package with 5892 Highland Ave- another duplex just blocks away. Make an offer for both! Owner is a licensed agent (not listing agent).

Listing Status:

Pending

Date Added:

November 4, 2025

Data Last Updated:

February 17, 2026 at 5:18PM

Listing Office:

Tower Real Estate Group : 314-329-0839

MLS ID:

25073377

Interior

• Appliances: Free-Standing Gas RangeRefrigeratorWater Heater
• Laundry: In Basement
• Basement: Storage SpaceUnfinished
• A/C: Window Unit(s)
• Heating: Forced Air

Exterior

• Style: Traditional
• Other Structures: Front Porch

Construction

• Roofing: Flat
• General: BrickTwo

Location

• Originating MLS: maris2
• School District: St. Louis City
• County: St Louis City

Lot

• Zoning: 4531-00-0150-0

Utilities

• Utilities: Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater ConnectedSingle Phase
• Water: Public

Financial

• Source: maris2
• Ownership: Private