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5815 Cates Avenue, St Louis City, MO, 63112

Prime Investment Opportunity in the Central West End! Expand your portfolio with this 24-unit multifamily property in the thriving Central West End, just minutes from the Delmar Loop, Washington University, BJC Healthcare, and Forest Park. Surrounded by top dining, shopping, and cultural attractions, this prime location drives strong rental demand—ideal for students, professionals, and healthcare workers. The property features 6 studios, 12 one-bedroom units, and 6 two-bedroom units, with the potential to reconfigure layouts for increased income. Additionally, there are 12 parking spaces in the underground garage. Recent upgrades, including a newer roof, windows, and tuck-pointing, add long-term value and appeal. With ongoing revitalization in the area, this is a rare chance to secure a high-potential asset in a growing market. Sold as-is, with the Seller to make no inspections or repairs. Reasonable offers will be considered.

Subdivision: Clemens Place Add

List Price

$ 700,000

Status

Active

Days on market

510

MLS#

25019707

Bedrooms

0

Full baths

0

Sq. Ft. Above

22,372

Subdivision

Clemens Place Add

Municipality

St Louis City

School District

St. Louis City

County

St Louis City

Property Type

Residential Income

Style

Mid-Rise 3or4 Story

Transaction Type

Sale

Type

Residential Income

Age

97

Conditions

Apartment Complex,Needs Rehab

Additional Information

Property Tax (2024)

$875

Recent Nearby Sales in 63112

Last 6 closed homes in this zip.

Address Bd/Ba SqFt List Sold Closed
609 Clara Avenue, 2A, St Louis City, MO 63112 3/2 1,335 $209,900 $203,400
96.9% of ask
Sep 3, 2026
5510 Waterman Boulevard, 602, St Louis City, MO 63112 3/2 1,591 $349,000 $340,000
97.4% of ask
Sep 3, 2026
5866 Etzel Avenue, St Louis City, MO 63112 0/0 2,860 $170,000 $162,500
95.6% of ask
Aug 31, 2026
5591 Waterman Boulevard, A, St Louis City, MO 63112 2/2 1,256 $229,000 $224,000
97.8% of ask
Aug 31, 2026
1215 Oakley Place, St Louis City, MO 63112 4/3 1,920 $85,000 $85,000
100% of ask
Aug 28, 2026
5381 Pershing Avenue, 102, St Louis City, MO 63112 2/2 1,110 $210,000 $200,000
95.2% of ask
Aug 25, 2026

Price & Listing History

Listed for sale
Apr 14, 2025 at $780,000
Price reduced by $80,000 (10.3%)
From $780,000 to $700,000
Current status: Active
As of Jul 13, 2026 · $700,000

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