3659-3665 S Broadway, St. Louis, MO 63118

One-of-a-Kind South City Multifamily + Commercial Investment

Turnkey 9-unit multifamily + 4 commercial bays in the heart of South City, just minutes from I-55, Anheuser-Busch, and the Lemp Brewery corridor. This property offers 13 total units (9 residential and 4 commercial) across 7,680 sq. ft., generating strong income with room to grow.

Currently, the residential units are leased at $750/mo. each, producing a current annual income of $81,000 with a 7.19% cap rate. Pro forma rents support $850/mo., pushing annual income to $139,800 and a projected 14.24% cap rate. For investors interested in furnished short-term rentals, AirDNA data suggests potential gross income of $224,040 annually with an 18.56% cap rate.

The property has been fully renovated: new electric service, updated plumbing, drywall, mini-split HVAC systems, modern kitchens with white shaker cabinets, hardwood flooring, and stackable in-unit laundry. Each unit is separately metered, reducing ownership expenses. Basements feature dedicated storage lockers for tenants, while the four commercial bays offer additional income or redevelopment flexibility—ideal for retail, office, or conversion to residential units for even greater cashflow potential.

Investment highlights include:

• Turnkey 9-family + 4 commercial bays

• Current NOI $53,828 with upside to $106,676 on pro forma rents

• Potential short-term rental NOI of $138,984 (AirDNA projections)

• All major systems, interiors, and finishes updated—low maintenance for years to come

• Prime location near major employers, highway access, and entertainment districts

A true cash-flowing, value-add investment in a strong rental market. Whether you keep it fully leased as long-term rentals or reposition part of the asset for higher-yield strategies, this South Broadway property is ready to perform.