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$475,000 Active

4048 Giles Avenue, St Louis City, MO, 63116

0 ba | 5,282 sq ft | Apartment Style
Subdivision: Grand Blvd Park Add
Exceptional opportunity to acquire a well-maintained 8-unit multifamily asset in the South City submarket of St. Louis. The property consists entirely of eight true 1-bedroom, 1-bathroom units, providing a highly sought-after unit mix that appeals to a broad tenant base and promotes consistent occupancy. Significant capital improvements have recently been completed, creating a strong foundation for future ownership. Two units have undergone extensive renovations and feature central air conditioning, offering immediate rental upside and a proven blueprint for future value-add improvements throughout the remaining units. In May 2026, ownership installed eight brand-new furnaces, ensuring reliable heating systems across the entire property and minimizing near-term maintenance concerns. Additionally, the property's electrical services were upgraded in May 2026, providing enhanced infrastructure and peace of mind for investors. Further enhancing the income potential, the property features an attached four-car garage with dedicated parking spaces. New ownership has the opportunity to generate additional revenue through garage and parking rentals, creating an attractive supplemental income stream beyond apartment rents.

Status: Active · MLS# 26036804 · Listing Courtesy of Realty Exchange, [email protected]

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Facts and features

List Price

$ 475,000

Status

Active

Days on market

0

MLS#

26036804

Bedrooms

0

Full baths

0

Sq. Ft. Above

5,282

Subdivision

Grand Blvd Park Add

Municipality

St Louis City

School District

St. Louis City

County

St Louis City

Property Type

Residential Income

Style

Apartment Style

Type

Residential Income

Additional Information

Property Tax (2025)

$3,178

Recent Nearby Sales in 63116

Last 6 closed homes in this zip.

Address Bd/Ba SqFt List Sold Closed
4639 Wilcox Avenue, St Louis City, MO 63116 0/0 2,886 $105,000 $72,000
68.6% of ask
Nov 10, 2026
5348 Gilson Avenue, St Louis City, MO 63116 3/2 1,296 $294,900 $289,750
98.3% of ask
Nov 9, 2026
4167 Hartford Street, St Louis City, MO 63116 0/0 -- $337,000 $334,000
99.1% of ask
Nov 9, 2026
6920 Wanda Court, St Louis City, MO 63116 2/2 1,078 $200,000 $200,000
100% of ask
Nov 6, 2026
4805 Goethe Avenue, St Louis City, MO 63116 2/1 1,228 $174,900 $181,500
103.8% of ask
Nov 6, 2026
4081 Burgen Avenue, St Louis City, MO 63116 3/1 1,286 $205,000 $205,000
100% of ask
Nov 6, 2026

Price & Listing History

Listed for sale at $550,000
Jun 17, 2026 · original list price
Price reduced by $50,100 (9.1%)
From $550,000 to $499,900
Price reduced by $24,900 (5%)
From $499,900 to $475,000 · $75,000 below the original price
Current status: Active
As of Nov 3, 2026 · $475,000

Every time this home was on the market

Prior listings, expired and canceled listings, days on market, price changes and sold prices from MARIS MLS records.

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Most MLS-recorded sales near this home

Most closed sales in the last 12 months around this address, listing side and buyer side, plus this listing agent's record.

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