3008-10 Henrietta Street
Four-Unit, Turn-key Opportunity Near Vibrant Cherokee Street & Lafayette Square
Marketing description
CBRE, as exclusive marketing advisor, is pleased to present 3008-10 Henrietta Street, a well-located multifamily investment opportunity in the highly desirable Gate District neighborhood of St. Louis.
This classic brick property features a mix of functional 2- and 3-bedroom units with spacious layouts designed to meet the needs of a wide tenant base. Units offer a combination of hardwood and luxury vinyl plank (LVP) flooring, ample in-unit storage, and strong natural light throughout. Select apartments have been updated with modernized kitchens and bathrooms, enhancing overall appeal and rental potential. Tenants also benefit from convenient amenities, including basement storage and on-site laundry facilities.
The property has undergone several recent capital improvements that meaningfully reduce near-term maintenance requirements and position the asset for stable long-term performance. These upgrades include a new roof completed in 2021, tuckpointing completed in both 2022 and 2024, and significant mechanical updates between 2024 and 2025, including new HVAC systems consisting of condensers and furnaces, as well as updated water heaters.
3008-10 Henrietta Street offers investors strong in-place fundamentals with additional upside through targeted value-add improvements. The property's prime location provides close proximity to Lafayette Square and Cherokee Street—two of St. Louis' most active retail, dining, and entertainment corridors—as well as convenient access to Saint Louis University Medical Center, downtown St. Louis, and major transportation routes. This strategic positioning supports continued tenant demand and long-term rent growth potential.
Investment highlights
- Well-located infill property in a strengthening submarket near Cherokee Street and in close proximity to Lafayette Square, benefiting from vibrant nearby retail, dining, and strong rental demand
- Recent capital improvements—new roof (2021), considerable tuckpointing (2022 & 2024), and new HVAC with condensing units and furnaces (2025), and water heaters (2024)—deliver a turnkey, low-maintenance investment with immediate income potential
- Durable brick construction with low maintenance and timeless appeal
- Spacious units with hardwood and LVP floors and strong natural light that support tenant retention
- In-place cash flow with upside from efficiencies and rent growth
- Tenant amenities including basement storage and on-site laundry
- Easy access to major employment hubs, including SLU Medical Center, SSM Cardinal Glennon, and downtown St. Louis
- Area benefiting from ongoing investment and redevelopment, supporting long-term appreciation
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