Closed

Listed by: BHHS Select Properties • Duan Lee • Contact: 314-575-9026

Bought with: BHHS Select Properties

Price Unknown

5509 Palm St, Saint Louis, MO 63120

2beds

1baths

3,360sqft

Multi Family

Built in 1924

-- sqft lot

$-- Zestimate^®

$--/sqft

$1,030 Estimated rent

Home value

Not available

Estimated sales range

Not available

$1,030/mo

Zestimate^® history

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What's special

**Incredible Investment Opportunity in St. Louis!** This 4-family building features an impressive cap rate and is perfect for savvy investors. Entire building has been updated to include new electric, new plumbing, new roof, plus tuckpointing. Three of the four units have been recently updated with modern finishes, ensuring strong rental appeal and immediate cash flow. One unit awaits your personal touch, providing a chance to increase value and rental income. Located in a desirable neighborhood with easy access to transportation, shopping, and dining, this property promises high demand from renters. Don’t miss out on this fantastic investment opportunity—schedule your showing today

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 1

Heating

Forced Air, Electric

Cooling

Wall/Window Unit(s)

Appliances

Included: Electric Water Heater

Features

Has basement: No
Has fireplace: No

Interior area

Total structure area: 3,360
Total interior livable area: 3,360 sqft
Finished area above ground: 3,360

Property

Parking

Parking features: No Driveway, On Street
Has uncovered spaces: Yes

Features

Fencing: Partial

Lot

Size: 5,096 Square Feet
Dimensions: 63 x 81

Details

Parcel number: 59300001200
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Brick

Condition

Year built: 1924

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Subdivision: Mars Place Add

Location

Region: Saint Louis

Financial & listing details

Tax assessed value: $2,290
Annual tax amount: $205
Date on market: 11/18/2024
Cumulative days on market: 21 days
Listing terms: Cash,Conventional,FHA,VA Loan
Ownership: Private
Tenant pays: Electricity, Gas

Price history

Date	Event	Price
1/14/2025	Sold	--
Source: MARIS #24071881 Report a problem
12/9/2024	Pending sale	$185,000$55/sqft
Source: MARIS #24071881 Report a problem
11/18/2024	Listed for sale	$185,000+2860%$55/sqft
Source: MARIS #24071881 Report a problem
3/20/2015	Sold	--
Source: MARIS #15004133 Report a problem
1/24/2015	Listed for sale	$6,250$2/sqft
Source: REED REAL ESTATE COMPANY #15004133 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$216 +0.8%	$2,290 +3.2%
2024	$214 +4.4%	$2,220
2023	$205 -2.1%	$2,220 +1.4%
2022	$209 +0.1%	$2,190
2021	$209 +1%	$2,190
2020	$207	$2,190
2019	$207	$2,190 +4.8%
2018	$207 +1.4%	$2,090
2017	$204 -15%	$2,090 -17.4%
2016	$240 +9.1%	$2,530
2015	$220 -36.8%	$2,530 -40.3%
2014	$348	$4,240 +0.5%
2013	$348	$4,220 -25.3%
2012	--	$5,650
2011	--	$5,650
2010	--	$5,650 -10.6%
2009	$448 -11%	$6,320
2008	$503	$6,320 -22.6%
2007	$503	$8,170
2006	$503 +1%	$8,170 +20.1%
2005	$498 +14.7%	$6,800 +22.1%
2004	$435 +2.8%	$5,570
2003	$423 +0.6%	$5,570 +3.1%
2002	$420	$5,400
2001	--	$5,400 +1.1%
2000	--	$5,340