$1,649,900
801-803 Russell Blvd
Soulards Add, St Louis, Missouri, 63104
MLS® 26059658 · Listed by The Cova Group
About this property
Eight units, 100% occupied, in the heart of historic Soulard, available as a single portfolio for $1,649,000. This package combines two classic brick four-family buildings, 801-803 Russell Blvd and 1216-1218 Soulard St, and delivers immediate cash flow from day one. Current contractual rent totals $13,950/month ($167,400/year), producing an annualized NOI of $140,718 and an 8.53% in-place cap rate at just $206,125 per unit. Both buildings have been thoughtfully renovated, with modern kitchens, stainless appliances, updated baths, and in-unit laundry, and the portfolio can be sold furnished for a true turnkey acquisition. Staggered leases, some running into 2028, add stability. Soulard is one of St. Louis' most in-demand rental neighborhoods: steps to Soulard Market, restaurants, and nightlife, and minutes to Busch Stadium, downtown, and major highways. Opportunities to acquire eight renovated, fully leased units in a single transaction here are rare. Schedule your showing today. Package sale only. Figures reflect an annualized current run rate, not a historical T-12, and exclude unprovided expense categories. Buyer to verify all information.
Estimated value
$1,527,219
Estimated range: $1,429,817 – $1,624,621 · 6% confidence
Estimated value by month
This is an automated estimate based on MLS® market data — not an appraisal or a substitute for professional advice.
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MLS® data for this listing last updated Sep 15, 2026.