$290,000

5516 S Grand Boulevard, St Louis, MO 63111

3,672 sqft

Multi-Family Home
Built in 1924
5,985sqft lot
—— car garage
$79/sqft
Listed 1 month ago

Property Description

Investor’s Dream in South City! Fully occupied 4-family in Carondelet generating $2,900 per month in gross rent and professionally managed for true turnkey convenience. Each unit has been fully renovated—featuring modern kitchens, updated bathrooms, and durable LVP flooring throughout. Photos were taken prior to tenants move in, and are of unit 1N and 2S. All units are identical in layout and finishes. Major updates include a new roof and new right-side plumbing stack, offering peace of mind for years to come. Electric panels are newer and electric in basement has been updated along with PEX plumbing. Tenants enjoy comfortable updated living spaces, while owners benefit from strong cash flow and minimal maintenance. Leases all expire in May of 2026 giving you immediate cash flow. Off street parking in the back for the tenants. Conveniently located off Grand for easy access to all the great things South City has to offer, and public transportation. This would a make perfect addition to any investment portfolio! Showing an accepted contract. No Seller Financing. Could be bought in a package deal with 4124 Virginia (MLS# 25076198). Seller will have two more four families available soon.

Listing Status:: Active
Date Added:: November 13, 2025 at 06:00AM
Listing Office:: Mogul Realty : 314-865-1170
MLS ID:: 25076144

Appliances: Gas OvenRefrigerator
Laundry: In Basement
Basement: UnfinishedWalk-Out Access
Flooring: Luxury Vinyl
A/C: Window Unit(s)
Heating: Forced AirNatural Gas
Fireplace: Fireplaces: 0

Style: Historic
Parking: ConcreteOff StreetParking spaces: 0

Roofing: Flat
General: BrickTwoStone

HOA Amenities: 0.0
Originating MLS: maris2
School District: St. Louis City
County: St Louis City

Zoning: 2846-00-0050-0
Fencing: Chain Link

Utilities: Cable AvailableElectricity ConnectedNatural Gas ConnectedSewer ConnectedWater ConnectedAmeren
Water: Public

Source: maris2
Ownership: Private

This listing courtesy of Mogul 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

0.31 miles away

Lyon Academy at Blow

516 Loughborough Ave, Saint Louis, MO, 63111

Grades PK-8

1.01 miles away

Roosevelt High School

3230 Hartford St, Saint Louis, MO, 63118

Grades 9-12

2.31 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.