1. Missouri
2. St Louis
3. 1916 Menard Street

1916 Menard Street, St Louis, MO 63104

• 10,080 sqft

Property Description

1916-1922 Menard is an 8unit multifamily property in the heart of Soulard, 1 block from the 2nd biggest Mardi Gras parade in the United States. This building features four 2bed/1.5bath units and four 1bed/1bath units. The 2beds are huge units, over 1000sqft of living space and are 2 levels. There is a gated backyard (rare for Soulard). All the windows on the backside of the building have been replaced, a lot of the deck has been replaced and the building has had recent tuck-point work done. As of July 1, this property will be 100% leased and bringing in $9,060/month ($108,720 annually). The expenses come out to about $2,432/month ($29,186 annually) which makes the NOI $74,097 if you account for 5% vacancy. This property is priced at a 7.06% cap rate and still has room to raise rents. The next door restaurant; Dukes, has a shuttle that takes people to and from every Cardinals, Blues, STL FC game and every downtown concert- for free! Walk to dozens of other bars, restaurants or coffee shops + enjoy constant neighborhood events such as Octoberfest. Anheuser-Busch, one of St Louis largest employers being located in Soulard. Many Saint Louis University and A.T. Still University (dental) students choose to live in Soulard. See Rent Roll in the Offering Memorandum. The common areas can be viewed anytime and 1 unit can be toured with proof of funds provided (building is currently fully occupied).

Listing Status:

Active

Date Added:

June 13, 2025 at 05:00AM

Listing Office:

The Agency : 314-677-1477

MLS ID:

25040325

Interior

• Appliances: Gas Water Heater
• Laundry: Common Area
• A/C: Central AirElectric
• Heating: Forced AirNatural Gas

Exterior

Construction

Location

Lot

Utilities

Financial

This listing courtesy of The Agency