$89,900

4523 Adelaide Avenue, St Louis, MO 63115

2,426 sqft

Multi-Family Home
Built in 1911
4,291sqft lot
—— car garage
$37/sqft
Listed 3 months ago

Property Description

Welcome to 4523 Adelaide Ave — a solid duplex offering immediate upside with minimal work needed to maximize rental income. The first-floor unit features 2 bedrooms and has already been tastefully updated with upgraded cabinetry, newer countertops, and tile flooring in the kitchen. The bathroom has also been refreshed with a newer shower, updated vanity, and modern tile finishes — making this unit move-in ready for a tenant. The spacious upstairs unit offers 3 bedrooms and is primed for your finishing touches. With only light improvements needed to bring it to rent-ready condition, the opportunity to quickly increase income is clear. Projected rents are strong, with the lower unit estimated at approximately $850/month and the upper unit at $1,100/month — creating excellent cash flow potential once fully leased. The property also features major updates that add peace of mind for investors, including a newer roof and newer furnaces. Central air provides added tenant comfort and desirability. With solid mechanicals already in place and most of the heavy lifting done, this is an ideal opportunity for an investor looking for a near turn-key property with strong income potential. Property is agent owned (not listing agent)

Listing Status:: Pending
Date Added:: February 12, 2026
Data Last Updated:: May 22, 2026 at 12:16AM
Listing Office:: Tower Real Estate Group : 314-329-0839
MLS ID:: 26007978

General: Eat-in KitchenPantry
Appliances: Free-Standing RangeFree-Standing Refrigerator
Laundry: In Basement
Basement: FullUnfinished
Flooring: HardwoodTile
A/C: Central Air
Heating: Forced Air

Style: Traditional

Roofing: Flat
General: BrickTwoStone

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

Zoning: 3548-00-0400-0
Fencing: Back YardChain Link

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

Source: maris2
Ownership: Private

This listing courtesy of Tower Real Estate Group

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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