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$595,000 Active

5315 Cabanne Avenue, St Louis City, MO, 63112

0 ba | 31,898 sq ft | Mid-Rise 3or4 Story
Subdivision: Visitation Park-49
The Cabanne Castle is a three-story Tudor-style brick condominium building in the West End, totaling approximately 31,898 sq. ft. It includes 42 units: (24) 1-bed 1-bath and (18) 2-bed / 1-bath. Market rent for the 1 bedrooms is $1,285 based on 24 single bedroom apartments within a mile in the last year, 2 bedrooms avg rent is $1,476 based on 21 apartments in the last 18 months. There is also the ability to add 3-6 additional units in the lower level. Pro forma income once renovated and stabilized is $647,562 with net income of $420,916. The lower level offers 24 underground parking spaces and room for tenant storage. This multi-family rehab is ideal for developers or investors. While the project needs completion, many plans and permits have already been approved by the city (some will require renewal). Completed improvements include demolition, new rear and side windows, tuckpointing, framing, and leveled floors. The building is ready for mechanical, electrical, and plumbing installation. An adjacent lot is available if desired and can be used for additional parking. Historic tax credits are available. The lower level offers potential for added units, a lounge, or a gym. Estimated ARV: $5.8M Estimated Completion Cost: $3M-$4M Potential Tax Credits: $1.25M-$1.8M. There is potential for 1.2M-$2.2M equity upon completion, in addition to the tax credits. Seller will consider all reasonable offers. Asking price is available for 30 days only!

Status: Active · MLS# 26059592 · Listing Courtesy of Invest St. Louis, [email protected]

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Facts and features

List Price

$ 595,000

Status

Active

Days on market

0

MLS#

26059592

Bedrooms

0

Full baths

0

Sq. Ft. Above

31,898

Subdivision

Visitation Park-49

Municipality

St Louis City

School District

St. Louis City

County

St Louis City

Property Type

Residential Income

Style

Mid-Rise 3or4 Story

Type

Residential Income

Additional Information

Property Tax (2024)

$3,486

Recent Nearby Sales in 63112

Last 6 closed homes in this zip.

Address Bd/Ba SqFt List Sold Closed
6133 Waterman Boulevard, St Louis City, MO 63112 3/1 2,432 $265,000 $220,000
83% of ask
Nov 10, 2026
5795 Lindell Boulevard, St Louis City, MO 63112 5/8 7,673 $4,500,000 $4,200,000
93.3% of ask
Nov 9, 2026
5885 Nina Place, 2E, St Louis City, MO 63112 2/2 1,342 $187,500 $183,000
97.6% of ask
Oct 30, 2026
1392 Burd Avenue, St Louis City, MO 63112 3/2 1,496 $175,000 $140,000
80% of ask
Oct 28, 2026
5651 Highland Avenue, St Louis City, MO 63112 2/1 800 $39,999 $40,000
100% of ask
Oct 23, 2026
1211 Clara Ave. Avenue, St Louis City, MO 63112 5/2 2,340 $170,000 $165,000
97.1% of ask
Oct 19, 2026

Price & Listing History

Listed for sale at $995,000
Sep 15, 2026 · original list price
Price reduced by $400,000 (40.2%)
From $995,000 to $595,000
Current status: Active
As of Nov 1, 2026 · $595,000

Every time this home was on the market

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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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