Properties

Residential Income For Sale

3246-48 Nebraska Avenue, St Louis, Missouri 63118

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Property Description

Turnkey four-family in prime Benton Park West location! Just a block from vibrant Cherokee Street, this classic brick four-family offers a blend of historic charm and smart updates. The property features two spacious 1-bedroom units on the main level and two 2-bedroom units upstairs, each showcasing original hardwood floors.

Major upgrades provide peace of mind, including a new roof (Dec 2024), four new water heaters (Jul 2024), and recent tuckpointing. One unit was completely renovated in 2022, two others received updates between tenants, and the remaining long-term tenant is on month-to-month—presenting excellent upside potential with future renovations and rent growth.

Currently fully leased at $3,350/month, this property delivers immediate cash flow with room to increase returns. Whether you’re looking to expand your rental portfolio or house hack in a thriving neighborhood, this is a solid, income-producing opportunity you won’t want to miss!

Basic Details
Property Type : Residential Income
Listing ID : 25062921
Price : $339,000
Year Built : 1914
Status : Active
Property Sub Type : 2-4 Units
Roof : Flat
Features
Heating System : Forced Air
Cooling System : Central Air
Basement : Unfinished, Concrete
Parking : Alley Access, Unpaved
SchoolDistrict : St. Louis City
Taxes Paid : $0
Exterior Features : Awning(s)
Flooring : Wood, Ceramic Tile
Laundry Features : In Basement
Utilities : Electricity Connected, Sewer Connected, Water Connected, Natural Gas Connected
Architectural Style : Apartment Style
Appliances
Appliances : Refrigerator, Free-Standing Electric Range
Address Map
Mls Area Major : 3 - South City
Neighborhood
Elementary School : Froebel Elem.
High School : Roosevelt High
High School District : St. Louis City
Middle School : Fanning Middle Community Ed.
Additional Information
Electric : Ameren
Levels : Two
Number Of Units Total : 4
On Market Date : 2025-09-12
Water Source : Public
Construction Materials : Brick
Financial
Tax Annual Amount : 534
Listing Information
List Agent Mls Id : MGREATH
List Office Mls Id : MAGN01
Listing Term : Cash,Conventional,VA Loan
Mls Status : Active
Modification Timestamp : 2025-09-13T02:19:38Z
Originating System Name : MARIS
Special Listing Conditions : Standard
Status Change Timestamp : 2025-09-13T02:18:06Z
Residential Income
  • Listing ID : 25062921
$339,000
Agent info
1 Degree Realty
8930 Gravois Road
Contact Agent