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$475,000 Active

1035 Geyer Avenue, St Louis City, MO, 63104

0 ba | 4,012 sq ft | Historic
Subdivision: Paynes Thomas J Southern Add
Great chance to own a 4 unit rental with a separate 1+ detached rental! So, it's FIVE rental units, but you pay residential tax rate because its two separate parcels! It's a great location close to all Soulard has to offer, plus easy access to Hwy 44/55/etc. The TWO bed units are townhouse style (two levels) with a full bath on each floor, and IN UNIT laundry located in the kitchen. Rent potential $1450 month each. The ONE bedroom units are also two level...a main level plus a partially finished basement (laundry in the basement). Rent potential $1250 each. The carriage house is a unique one bedroom, with a loft space as well. Rent potential for this unit is $1250. Monthly potential rent is $6,650 or more...annualized that's $79,800. That would be a 12% cap rate!! Historically 4 of the units have been rented as short term rentals, but the owner is transitioning out of that business. One unit needs updated and is only shown with an accepted offer. Other units are updated (but older updates) and can be shown by appointment. RECENT updates are new mansard roof shingles, new deck on the rear carriage house, and repaired sewer lateral and riser in between the buildings to the alley, new gutters and downspouts on carriage house, new HVAC in unit 2E. The new owner will need to replace the historic windows on the Geyer side, and the alley side of the front building (13 windows). That is the only anticipated/known large expense. But as most old buildings are, there is likely some tuck pointing needs, wood repair, etc. However, depending on your own personal goals and approach, 3 or 4 of these units are ready to rent with pretty minor turnover work (patching and painting and cleaning). Perhaps the new owner could change some light fixtures, faucets, cabinet knobs...etc...to add a little more appeal. Check it out. If you're a investor looking to build some equity, this is a great opportunity!

Status: Active · MLS# 26063729 · Listing Courtesy of Rybo Properties, LLC, [email protected]

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Facts and features

List Price

$ 475,000

Status

Active

Days on market

0

MLS#

26063729

Bedrooms

0

Full baths

0

Sq. Ft. Above

4,012

Subdivision

Paynes Thomas J Southern Add

Municipality

St Louis City

School District

St. Louis City

County

St Louis City

Property Type

Residential Income

Style

Historic

Type

Residential Income

Additional Information

Property Tax (2025)

$3,500

Recent Nearby Sales in 63104

Last 6 closed homes in this zip.

Address Bd/Ba SqFt List Sold Closed
1619 Missouri Avenue, St Louis City, MO 63104 4/3 3,846 $850,000 $788,000
92.7% of ask
Nov 10, 2026
708 Ann Avenue, R, St Louis City, MO 63104 4/2 1,822 $275,000 $235,000
85.5% of ask
Nov 6, 2026
2401 S 12th Street, 101, St Louis City, MO 63104 1/1 1,039 $185,000 $185,000
100% of ask
Nov 4, 2026
1109 Lami Street, St Louis City, MO 63104 3/2 1,854 $349,900 $350,000
100% of ask
Nov 4, 2026
3509 Park Avenue, St Louis City, MO 63104 4/2 1,602 $268,000 $265,000
98.9% of ask
Nov 4, 2026
2010 S 8th Street, St Louis City, MO 63104 0/0 -- $2,100 $2,100
100% of ask
Nov 4, 2026

Price & Listing History

Listed for sale at $485,000
Oct 15, 2026 · original list price
Price reduced by $10,000 (2.1%)
From $485,000 to $475,000
Current status: Active
As of Oct 29, 2026 · $475,000

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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