4048 Giles Ave, Saint Louis, MO, 63116
4048 Giles Ave, Saint Louis, MO, 63116 - Image 24048 Giles Ave, Saint Louis, MO, 63116 - Image 34048 Giles Ave, Saint Louis, MO, 63116 - Image 44048 Giles Ave, Saint Louis, MO, 63116 - Image 5

4048 Giles Ave, Saint Louis, MO, 63116

Studio · 5,282 sq.ft.

Exceptional opportunity to acquire a well-maintained 8-unit multifamily asset in the South City submarket of St. Louis. The property consists entirely of eight true 1-bedroom, 1-bathroom units, providing a highly sought-after unit mix that appeals to a broad tenant base and promotes consistent occupancy. Significant capital improvements have recently been completed, creating a strong foundation for future ownership. Two units have undergone extensive renovations and feature central air conditioning, offering immediate rental upside and a proven blueprint for future value-add improvements throughout the remaining units. In May 2026, ownership installed eight brand-new furnaces, ensuring reliable heating systems across the entire property and minimizing near-term maintenance concerns. Additionally, the property's electrical services were upgraded in May 2026, providing enhanced infrastructure and peace of mind for investors. Further enhancing the income potential, the property features an attached four-car garage with dedicated parking spaces. New ownership has the opportunity to generate additional revenue through garage and parking rentals, creating an attractive supplemental income stream beyond apartment rents.

Information

Property typeMulti Family
Size5,282 sq.ft.
Plot size5,602 sqft
Year built1928
Stories2
Price per sq.ft.USD 90
CountySaint Louis City
ZIP code63116
LocationSaint Louis, United States
Parking4 spaces

USD 475,000

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Where it's located

Saint Louis, United States

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