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31651052
31651053

2223 Benton Terrace, St. Louis, MO 63139

AK
MO MO 2022012991
The Agency
Listed by The Agency
$799,500
57 days on market
Updated 57 days ago

Dogtown's Newest Fully-Renovated 4 Family

Details
APN 4625-04-0150-0
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,750
Net Rentable (SqFt) 3,750
Units 4
Occupancy 75%
Pro-Forma Cap Rate 6.69%
Pro-Forma NOI $53,505
Price per SqFt $213
Broker Co-Op No
Class B
Year Built 1902
Year Renovated 2026
Buildings 1
Stories 2
Acreage 0.140
Zoning multifamily
Parking Spaces 4 spaces
Parking Per SqFt 1.07
Investment Type Stabilized
Ground Lease No

Three 2b1b | One 1b1b | All In-Unit Laundry | Off-Street Parking

Marketing description

2223–2225 Benton Terrace presents a rare opportunity to acquire a fully renovated 4-family property in the heart of Dogtown, one of St. Louis’ most walkable and consistently high-demand neighborhoods.

This turnkey asset consists of three 2-bedroom units and one 1-bedroom unit, all thoughtfully updated with modern finishes designed to attract today’s renters. Each unit features in-unit laundry, central air, and updated systems, significantly reducing maintenance concerns and supporting strong, stable tenancy.

The property is uniquely positioned to appeal to both investors and owner occupants. One unit is currently vacant, offering immediate move-in potential for a buyer looking to live in the property while generating income from the remaining units. The three occupied units already produce approximately $4,395 per month, providing meaningful offset to a buyer’s monthly mortgage payment.

Upon leasing the final unit, the property is projected to generate approximately $5,945 per month in gross rental income, creating a stabilized, cash-flowing asset with strong in-place fundamentals and minimal additional capital required .

Located just steps from Forest Park and within walking distance to Tamm Avenue’s popular restaurants and bars, the property benefits from exceptional walkability and proximity to major employment drivers including Washington University, BJC Hospital, Clayton, and the Central West End. This location consistently attracts students, medical professionals, and young professionals, supporting long-term rental demand and rent growth.

Whether you are looking to house hack your way into ownership or acquire a fully renovated, income-producing asset in a prime location, 2223–2225 Benton Terrace offers a compelling combination of condition, location, and income potential.

Investment highlights

TURNKEY, FULLY RENOVATED ASSET

Comprehensively renovated units with modern kitchens, bathrooms, flooring, and systems throughout. Minimal near-term capital expenditures required.

IDEAL OWNER OCCUPANT OPPORTUNITY

One vacant unit allows for immediate move-in while the remaining units generate income, significantly offsetting monthly ownership costs.

STRONG IN-PLACE INCOME WITH UPSIDE

Currently generating approximately $4,395/month with a clear path to $5,945/month upon full lease-up.

HIGH-DEMAND DOGTOWN LOCATION

Located in one of St. Louis’ most desirable rental submarkets with strong, consistent tenant demand.

EXCEPTIONAL WALKABILITY

Steps from Forest Park and within walking distance to Tamm Avenue restaurants, bars, and neighborhood amenities.

PROXIMITY TO MAJOR EMPLOYMENT CENTERS

Minutes to Washington University, BJC Hospital, Clayton, and the Central West End, driving a deep and stable renter pool.

WELL-CONFIGURED UNIT MIX

Three 2BR/1BA units and one 1BR/1BA unit, appealing to a wide range of tenants.

ATTRACTIVE TENANT AMENITIES

In-unit laundry, central air, off-street parking, and outdoor space enhance tenant retention and rentability.

LOW-MAINTENANCE, DURABLE CONSTRUCTION

Classic brick construction with updated systems provides long-term durability and reduced operational risk.

FLEXIBLE EXIT STRATEGY

Suitable for owner occupancy, long-term hold, or future refinance based on stabilized income.

Listing Contacts

AK
MO MO 2022012991
The Agency
Listed by The Agency

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Additional Information

Name
Anthony Klier
License
MO 2022012991
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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