$190,000

530 Bates Street, St Louis, MO 63111

2,210 sqft

Multi-Family Home
Built in 1900
4,796sqft lot
1 car garage
$86/sqft
Listed 1 day ago

Property Description

Excellent investment opportunity in the heart of Saint Louis City! This well-maintained two-story multifamily property features two separate units, with one unit per floor, offering privacy and strong rental appeal. Each unit includes 2 spacious bedrooms and 1 full bathroom, with functional layouts that tenants appreciate. The building is fully occupied with long-term tenants, providing immediate and consistent rental income for the new owner. Tenants have established rental history, making this property ideal for investors seeking a stable, turnkey asset with minimal vacancy risk. Current rents are well below market, as the owner has not increased rents for many years, offering strong upside potential with future lease renewals. Property highlights include a detached car garage located at the rear of the property, offering valuable off-street parking, as well as a fully fenced yard, which adds privacy and security. The lot is well-utilized and easy to maintain. Separate entrances enhance tenant convenience and reduce shared common areas. This property is situated near major roads, public transportation, shopping, dining, and local amenities, making it an attractive location for renters. The surrounding neighborhood supports strong rental demand and long-term investment potential. Please note: No showings without an accepted contract. The building is fully occupied, and access will be granted only after contract acceptance to respect tenant privacy. Perfect for investors looking to expand their portfolio with a solid multifamily property in Saint Louis City. Do not miss this opportunity to acquire a cash-flowing asset with long-term upside

Listing Status:: Active
Date Added:: December 22, 2025 at 06:00AM
Listing Office:: Worth Clark Realty : 314-222-0065
MLS ID:: 25082037

Flooring: Hardwood
A/C: Central Air
Heating: Forced Air

Style: Low/1-2

General: BrickLow/1-2

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

Zoning: 2868-03-0050-0
Fencing: Back Yard

Water: Public

Source: maris2

This listing courtesy of Worth Clark Realty

Monthly Payment

$Est. Payment

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

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Location

Schools Nearby

Woodward Elementary School

725 Bellerive Blvd, Saint Louis, MO, 63111

Grades PK-5

0.17 miles away

Lyon Academy at Blow

516 Loughborough Ave, Saint Louis, MO, 63111

Grades PK-8

0.85 miles away

Roosevelt High School

3230 Hartford St, Saint Louis, MO, 63118

Grades 9-12

2.51 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.