Blue Sapphire line

801-803 Russell Blvd

St Louis, MO 63104

Traditional

St Louis, MO 63104

801-803 Russell Blvd

$1,649,900

MLS#: 26059658

Status: Active

Listing provided by: The Cova Group

Listing agent phone: None

Last update: 8 hours ago

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Soulards Add - Residential Income

About

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.

Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1893

Sq.Footage

N/A

Features

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Central Air

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Forced Air

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Brick

  • Pool

    No

Area & Lot

  • Property Type

    Residential Income

  • Property Sub Type

    Multi Family

  • Architectural Style

    Traditional

Price

  • Sales Price

    $1,649,900

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    Sigel Elem. Comm. Ed. Center

  • Middle School

    Fanning Middle Community Ed.

  • High School

    Roosevelt High

Property Features

  • New Construction

    NO

Schedule

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Location

  • County

    St Louis City

  • Elementary School

    Sigel Elem. Comm. Ed. Center

  • Middle School

    Fanning Middle Community Ed.

  • High School

    Roosevelt High

Listing Courtesy of Anthony Cova, The Cova Group

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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.

801-803 Russell Blvd

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