5909 Cates Ave

St. Louis MO 63112

9681 sq. ft.

10672.2 sq. ft.

Multi-Family

Benjamin Wedi, last sold this property on 18 September 2026 after 435 days on market.

Overview

Rare opportunity to acquire a fully repositioned 6-unit multifamily building in the heart of St. Louis's historic West End — steps from the Central West End, Washington University, the Delmar Loop, and Forest Park. This classic 3-story brick walk-up has undergone a comprehensive $550,000 renovation, delivering six spacious 3-bedroom/2-bathroom units averaging 1,500 SF each — one of the largest unit configurations available in this submarket. All interior work is 100% complete, including premium new kitchens, updated bathrooms, modern flooring, and brand-new mechanical, electrical, and plumbing systems throughout. Four units are currently occupied with leases in place, and two turnkey-ready units are available for immediate lease-up at market rate. Current in-place income is $7,379/month with a stabilized annual income of $132,108 including utility reimbursements. At the $1,000,000 list price, the property delivers a 9.79% acquisition cap rate — significantly above the local market average of 7.40% — with an as-is appraised value of $1,040,000, providing immediate equity at closing. With all-new MEP systems in place, capital expenditure liability over the next 7–10 years is expected to be minimal. In-unit washer/dryer hookups in every unit support above-average rents and tenant retention. An ideal acquisition for investors seeking immediate cash flow, strong yield, and long-term appreciation in one of St. Louis's most supply-constrained rental corridors.

Features

9681 sq. ft. floor area

10672.2 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 5909 Cates Ave is $0.

Median value

Estimated value range

$0 - $0

Median days on market

Estimated value trend

decrease 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 5909 Cates Ave

2026

Sold

Undisclosed

18 Sep 2026 by Benjamin Wedi

2023

Sold

Undisclosed

11 Aug 2023 by Tammy Derrigan, of Radius Realty

2021

Sold

Undisclosed

18 Jun 2021 by Jacquelyn Cooley, of Worth Clark Realty

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.