4731 Alaska Ave, St. Louis, MO 63111 For Sale

8 Unit Package in 2 separate 4 family buildings (2 parcels) , being sold at a 9.43% cap rate. 100% turnkey and generating cashflow, these buildings have a little something for anyone seeking cashflow! Two 2 bedroom Units, 6 1 bedroom units, one of which is furnished. A two car garage and a 2 car parking pad are included behind the spacious fenced yards.

Stable tenancy is longer term and mostly are at market rates (one exception is a little low). Tenants have been thoroughly vetted and pay electronically and on time. Five Units have Electronic door locks which minimize key management concerns.

Tons of updates 2016-2020 include moderately to nicely updated kitchens and baths, new sewers, one new roof, and a new city water line (4735-4737). Forced Air and Central AC in all units. 4735-37 are nearly identical in finishes with new cabinetry, countertops, tile, flooring, stainless steel appliances. 4731-33 are all updated, more modestly but with full kitchens and 4 peice appliance sets, 2 units have clawfoot tubs (2FL) and 2 have tub/shower combos. Full photos are linked in the downloadable supporting documentation.

Agent has a relationship with ownership, and they are ready to buy thier next building! Will not separate. No showings without an agreed contract, however showings may be available for a short period in September after a tenant move out. Seller will not finance, or accept any sort of “creative” offer. Must relinquish property entirely, using 1031 exchange. Please download the OM for details and deeper financial information, additional pictures and video.

Video tour available is of the furnished unit. Some furnishings may have changed slightly. Check OM for link to receipts, inspections, photos of each unit, leases, occupancy certificates and more.

INSPECTIONS HAVE BEEN PROVIDED by Seller 10/2025 and are linked in the OM. Some still coming in, and some repairs will be completed. 4735 Sewer has been repaired (small break near city main) 10/23/2025 and both are now in open and servicable condition with no recommended repairs.