This 1912-built four-unit multifamily building at 4504 Arsenal Street presents an exceptional value-add opportunity directly across from Tower Grove Park. The 5,162-square-foot property features one three-bedroom/one-bath unit and three two-bedroom/one-bath units, with three of the four units currently vacant, allowing immediate renovation commencement. Recent ownership improvements include a brand new… Read More roof and gutters, interior ceiling repairs, rebuilt deck, exterior cleanup and landscaping, freshened common areas, and complete cleanout, establishing a solid foundation for the next phase of improvements. Positioned along the northern edge of Tower Grove South, the property enjoys direct access to the 289-acre National Historic Landmark Tower Grove Park with its weekly farmers' market, free St. Louis Symphony concerts, and seven miles of trails. The location provides outstanding connectivity to major employment centers, with BJC HealthCare and Washington University Medical Center three miles north, Saint Louis University two miles northeast, and the Cortex Innovation District 2.5 miles north. The forthcoming $18 million Tower Grove Connector will further enhance commuter accessibility upon its 2026 completion. We believe this represents a compelling investment based on the extraordinary location where Tower Grove Park-facing buildings rarely become available. With estimated market rents of $1,550 per month and the potential for the true three-bedroom unit to achieve $1,750 or higher depending on finishes, the renovated property could reach an approximate $800,000 stabilized value. A comparable four-unit building recently sold for $775,000 despite being smaller and less updated. Missouri State and Federal Historic tax credits may provide additional return enhancement for this 1912-vintage building in one of St. Louis' most vibrant historic neighborhoods. Read Less
Listing courtesy of Salient Realty Group, LLC, 314-374-3687.
Listing Snapshot
Days Online
25
Last Updated
Property Type
2-4 Units
Square Ft.
5,162
Lot Size
0.15 Acres
Year Built
1912
MLS Number
26026004
Additional Details
Property Access
Accessibility Features: "Common Area"
Appliances & Equipment
"Electric Cooktop"
Basement
Basement: "Concrete", Basement
Building
Above Grade Finished Area: 5162 Sq.Ft., Above Grade Finished Area Source: Assessor, Architectural Style: "Victorian", Construction Materials: "Brick", Living Area: 5162 Sq. Ft., Number Of Units Total: 4, Year Built: 1912
Community
Neighborhood: Tower Grove South, Number Of Units In Community: 4
Cooling
Cooling: "Ceiling Fan(s)", "Central Air"
Disclosures
Disclosures: "Agent Owned", "Flood Plain No"
Fence
Fencing: "Chain Link"
Heating
Heating: "Forced Air"
Lot
Lot Size Acres: 0.1543, Lot Size Source: Public Records, Lot Size Square Feet: 6721.31 Sq.Ft.
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