1609-1619 N Broadway, St. Louis, MO 63102 For Sale

This offering features a substantially renovated mixed-use portfolio consisting of 10 residential units, an approximately 3,000 square foot warehouse space, and the adjacent commercial building at 1623 N Broadway, all included in the sale. The combined buildings total approximately 25,000+ square feet of gross building area (buyer to verify).

The existing warehouse space provides a clear path for residential conversion, creating the opportunity to add two additional apartments, while the **1623 N Broadway building—also included in the purchase—**offers further expansion and redevelopment potential. Combined, the portfolio supports a future configuration of approximately 16–17 total units, positioning the asset for meaningful scale and long-term value creation.

Completed in 2025, the property underwent a top-to-bottom renovation, including major system upgrades and modern interior finishes, while preserving its original industrial character. All completed units are currently rented, providing immediate in place income, with additional upside through unit completion and adaptive reuse.

The core building at 1609–1619 N Broadway appraised at $1,585,000 “as completed” in March 2023, prior to the inclusion of 1623 N Broadway and prior to subsequent improvements and expansion efforts, providing a strong valuation baseline for the offering.

Located in a rapidly evolving North City corridor, the property benefits from increasing investment activity, including recent large-scale warehouse-to-residential conversion projects that underscore strong demand and rent growth in the area. These nearby developments reinforce the long-term redevelopment trajectory of the submarket.

With in-place cash flow, significant expansion optionality, and a footprint that supports multiple redevelopment strategies, this offering represents a compelling opportunity for investors seeking a value-add asset with multiple paths to enhanced returns.