This 8-plex apartment building located at 5154 Palm Street offers a tremendous opportunity for the right investor or developer. Situated in a growing neighborhood of St. Louis, this property is a blank canvas ready for renovation. Currently vacant and in need of significant rehab, it has the potential to be transformed into a profitable rental asset or a multi-family project.
The property features 8 individual 2BR/1 Bath units, providing ample space for value-add improvements. With the right vision and investment, this building can be restored to its former glory, bringing strong cash flow and long-term value.
Whether you’re a seasoned investor looking for a project or a developer seeking to revitalize an area, 5154 Palm Street is an ideal opportunity. Don’t miss out on this diamond in the rough! Be Sure to check into potential funds and grants available through the city and special programs! Seller Financing May Be Available Also. Seller to Do No Repairs.
Basic Details
Property Type : Commercial Sale
Listing ID : 24075217
Price : $79,000
Year Built : 1925
Lot Area : 0.20 Acre
Status : Active
Property Sub Type : Multi-Family 5+
Features
Heating System : None
Cooling System : Other
Parking : On Street
SchoolDistrict : St. Louis City
Taxes Paid : $0
Sewer : Public Sewer
Address Map
Directions : SIRI take me to 5154 Palm Street
Mls Area Major : North
Neighborhood
Elementary School : Lexington Elem.
High School : Sumner High
High School District : St. Louis City
Middle School : Yeatman-Liddell Middle School
Additional Information
Lot Size Dimensions : 70x125
Number Of Units Total : 8
Previous Price : 90000
Water Source : Public
Construction Materials : Brick
Financial
Tax Annual Amount : 518
Association Fee Frequency : None
Listing Information
List Agent Mls Id : KELHOFFM
List Office Mls Id : PRPM01
Modification Timestamp : 2025-02-05T20:44:04Z
Originating System Name : MARIS
Special Listing Conditions : None
Status Change Timestamp : 2025-02-05T20:42:25Z
Co List Agent Mls Id : JAOLIVER
Co List Office Mls Id : PRPM01
Co List Office Name : Provident Property Management