Webster Groves Compound - 2 MultiFamily Buildings - 5 Garage
2/5 Units Renovated - Value add w/ Upside - Garage Parking for Everyone
Marketing description
One of the rarest offerings in St. Louis today. Apartment buildings in Webster Groves almost never come to market — and the Selma Avenue Compound is one of the only multifamily properties in the entire area expected to trade this year. This is a turnkey, income-producing five-unit brick compound in the heart of Old Webster, steps from the shops, restaurants and charm that make this one of St. Louis's most desirable — and most supply-constrained — neighborhoods.
Two solid mid-century brick buildings — a duplex (340 Selma) and a triplex (344–346 Selma) — deliver a smart mix of four one-bedroom homes and one spacious two-bedroom, plus a genuinely scarce neighborhood amenity: five private garage spaces across two detached garages, private yards, patios and generous off-street parking.
The renovated units are ready to show now. Both the renovated two-bedroom and a renovated one-bedroom are finished to the same high standard — quartz countertops, stainless appliances, in-unit washer and dryer, tiled baths and wide-plank flooring — and available for private tours today. At market they command roughly $1,695 (2BR) and $1,395 (1BR).
The upside is already in place. The remaining three one-bedrooms are leased month-to-month at just $995 — simply raise rents or renovate to the proven finish for an estimated ~$1,395 each. Best of all, every unit is separately metered — electric, gas, water, sewer and trash bill directly to tenants — so essentially only taxes and insurance fall to ownership, driving a strong stabilized cap rate near 7.8%.
Location is everything, and this one delivers: top-rated Webster Groves schools (top 5% in Missouri), a Walk Score of 82, and roughly nine miles to downtown St. Louis. Two parcels sold together (23K230185 & 23K230174). Offered at $800,000 — just $160,000 per unit.
Opportunities like this do not last. The renovated two-bedroom and one-bedroom are available to tour today — call listing agent to schedule a private showing, request the full Offering Memorandum, or get more information before it is gone.
Investment highlights
- One of the rarest deals in St. Louis right now. Free-standing apartment buildings almost never trade in Webster Groves — this is one of the only multifamily properties in the entire area expected to hit the market this year.
- Two renovated units, available to tour today. A fully renovated 2BR and a fully renovated 1BR — quartz counters, stainless appliances, in-unit washer/dryer, tiled baths and wide-plank flooring — are complete and showing now at roughly $1,695 and $1,395.
- Built-in value-add. Three 1BR units are leased month-to-month at just $995 — raise to market or renovate to the proven finish for ~$1,395 each, roughly $14,400 of additional annual rent from the in-place units alone.
- Every unit separately metered. Electric, gas, water, sewer and trash bill directly to tenants — essentially only taxes and insurance fall to ownership, driving a stabilized cap rate near 7.8%.
- Five private garage spaces. Two detached garages (5 spaces) — a scarce, monetizable amenity in Old Webster — plus private yards, patios and off-street parking.
- Unbeatable Old Webster location. Steps from Old Webster's walkable shops and restaurants, top-rated Webster Groves schools (top 5% in Missouri), Walk Score 82, ~9 miles to downtown St. Louis.
- Two parcels, one price — $160,000/unit. 340 (duplex) and 344–346 (triplex) sold together at $800,000, in a community where median home values exceed $428,000.
Listing Contacts
Valuation Calculator
Valuation Metrics
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Is there information that looks off?
