549 Bates Street

St. Louis MO 63111

7536 sq. ft.

Multi-Family

Julie Thorngren, last sold this property on 09 July 2025 after 57 days on market.

Overview

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!

Features

7536 sq. ft. lot size

Multi-Family

Estimated Value

Based on this property and similar multi families sold in St. Louis over the last 12 months, the estimated median property value of 549 Bates Street is $551.23k.

Median value

$551.23k

Estimated value range

$2.45k - $1.1m

Median days on market

Estimated value trend

267%

increase over the last 12 months

Average days on market is based on recent, comparable sales in St. Louis. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 549 Bates Street

2025

Sold

Undisclosed

09 Jul 2025 by Julie Thorngren

2021

Sold

Undisclosed

16 Jun 2021 by Andrea McMillian, of LindCrest Property Management

2020

Sold

Undisclosed

30 Oct 2020 by Mary Krummenacher, of REMAX Results | St Louis

Happy sellers in St. Louis

We have insufficient information to provide an overview of customer satisfaction for St. Louis. Viewing the agent profiles, reviews and sales for St. Louis can provide insights for this location.