Investors—don’t miss this rare opportunity to secure 10 units in the heart of South City with strong cash flow and long-term upside. This well-maintained 6-unit building is being sold as a package with its neighboring 4-family building (545 Bates, MLS #25025704), offering a turnkey portfolio in one of the most stable and desirable rental markets. Each unit features 1 bedroom, 1 bathroom, ample living space, modern updates, some stainless steel appliances, well-kept back decks and some newer major systems that help minimize maintenance costs. Market rent per unit is $800/month. Tenants appreciate the off-street parking, basement storage, and a fully fenced backyard—amenities that drive tenant satisfaction and long-term tenancy. With solid tenants already in place and potential for future rent increases, this is the perfect opportunity for any investor looking to grow in 2025. You will be proud to own these charming, income-producing South City properties for years to come!
Active
$345,000
549 Bates St, Saint Louis, MO 63111
1beds
0baths
--sqft
Est.:
Multi Family
Built in 1914
-- sqft lot
$352,400 Zestimate®
$--/sqft
$-- HOA
What's special
- 27 days
- on Zillow |
- 156 |
- 17 |
Zillow last checked: 7 hours ago
Listing updated: May 05, 2025 at 07:51pm
Listing Provided by:
Julie A Thorngren 636-375-1462,
EXP Realty, LLC,
David P Ounanian 314-807-0657,
EXP Realty, LLC
Source: MARIS,MLS#: 25026801
Originating MLS: St. Louis Association of REALTORS

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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 0
Heating
- Forced Air, Natural Gas
Cooling
- Window Unit(s)
Appliances
- Included: Gas Water Heater
Features
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 0
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Lot
- Size: 7,535.88 Square Feet
- Dimensions: 54 x 139 x 55 x 138
Details
- Parcel number: 28520001100
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1914
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Thomas Add
Location
- Region: Saint Louis
Financial & listing details
- Annual tax amount: $1,778
- Date on market: 4/25/2025
- Listing terms: Cash,Conventional,Private Financing Available,Other
- Inclusions: Building, Land
- Tenant pays: Electricity, Gas
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