2219 Benton TER St Louis, MO 63139
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 5 Family or More
Listing Status Coming Soon
Purchase Type For Sale
Square Footage 7,400 sqft
Price per Sqft $216
Subdivision Kreikenbaums
MLS Listing ID 26032388
Style Other
Year Built 1902
Annual Tax Amount $3,146
Property Sub-Type 5 Family or More
Property Description
Just-completed, top-to-bottom rehab of two adjacent brick 4-families in the heart of Dogtown, one of St. Louis' most enduring and consistently high-performing urban submarkets. Eight total units (seven 2BR/1BA plus one 1BR/1BA) across 7,400 SF of beautifully reimagined 1902 brick construction with high-end finishes in EVERY single unit. This is not lipstick on a pig. Brand new kitchens with stainless appliances and quartz countertops, full bath remodels, luxury vinyl plank flooring, fresh paint top-to-bottom, in-unit laundry in every unit, central air, forced-air heat, individual water heaters, updated electrical, and PVC plumbing stacks.
A+ TENANT BASE already in place across six of the eight units. Clean rent rolls, strong credit, professional and graduate-student renters drawn to Dogtown's walkability and proximity to Forest Park (literally adjacent), Washington University, the Barnes-Jewish and BJC medical campus, The Hill, and the Clayton CBD.
ONE UNIT VACANT IN EACH BUILDING, giving the new owner total flexibility. Move in and house hack while the other 7 units pay your mortgage. Or furnish a unit and lease it through Furnished Finder to traveling nurses and medical professionals (minutes to BJC, Children's, SLU Hospital, and Mercy). Or run it as a short-term rental on Airbnb targeting Forest Park visitors, WashU families, and sporting event guests. Or simply lease long-term at market rents of $1,550/month for the 2BRs and $1,295/month for the 1BR.
THE NUMBERS. Stabilized gross potential rent of $12,145 per month, or $145,740 per year. Stabilized NOI of $111,622. Pro forma cap rate of 6.98% at the package price. Expense ratio of 23.4%.
THE DETAILS. 2219-2221 Benton Terrace is four 2BR/1BA units at approximately 3,700 SF. 2223-2225 Benton Terrace is three 2BR/1BA plus one 1BR/1BA at approximately 3,700 SF. Eight dedicated off-street parking spaces (four per building). Private backyards, back decks, and basement storage in each building. Solid 1902 historic brick character paired with a full 2026 gut renovation. Available individually or as a portfolio package.
Walk in and collect rent. Or move in and let the tenant next door pay your mortgage. Properties like this in Dogtown don't come up, and when they do, they don't last. Schedule your showing today.
Location
State MO
County St Louis City
Area 3 - South City
Rooms
Basement Concrete
Interior
Heating Forced Air
Cooling Central Air
Fireplace N
Exterior
Parking Features false
View Y/N No
Building
Structure Type Brick
Schools
Elementary Schools Mason Elem.
Middle Schools Long Middle Community Ed. Center
High Schools Roosevelt High
School District St. Louis City
Others
Acceptable Financing 1031 Exchange, Cash, Conventional, FHA, VA Loan
Listing Terms 1031 Exchange, Cash, Conventional, FHA, VA Loan
Special Listing Condition Standard
NEARBY SCHOOL & BUSINESS
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