REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Kathy Helbig

propertyinfo@experience-re.com +1(636) 385-5095

$ 89,900

Est. payment | -/mo

2,426 SqFt

Save

$ 89,900

Est. payment | -/mo

Save

2,426 SqFt

Key Details

Property Type Multi-Family

Sub Type 2-4 Units

Listing Status Pending

Purchase Type For Sale

Square Footage 2,426 sqft

Price per Sqft $37

Subdivision Plymouth Park Add 02

MLS Listing ID 26007978

Style Traditional

Year Built 1911

Annual Tax Amount $296

Lot Size 4,290 Sqft

Acres 0.0985

Property Sub-Type 2-4 Units

Property Description

Welcome to 4523 Adelaide Ave — a solid duplex offering immediate upside with minimal work needed to maximize rental income. The first-floor unit features 2 bedrooms and has already been tastefully updated with upgraded cabinetry, newer countertops, and tile flooring in the kitchen. The bathroom has also been refreshed with a newer shower, updated vanity, and modern tile finishes — making this unit move-in ready for a tenant. The spacious upstairs unit offers 3 bedrooms and is primed for your finishing touches. With only light improvements needed to bring it to rent-ready condition, the opportunity to quickly increase income is clear. Projected rents are strong, with the lower unit estimated at approximately $850/month and the upper unit at $1,100/month — creating excellent cash flow potential once fully leased. The property also features major updates that add peace of mind for investors, including a newer roof and newer furnaces. Central air provides added tenant comfort and desirability. With solid mechanicals already in place and most of the heavy lifting done, this is an ideal opportunity for an investor looking for a near turn-key property with strong income potential. Property is agent owned (not listing agent)

Location

State MO

County St Louis City

Area 5 - North

Rooms

Basement Full, Unfinished

Interior

Interior Features Eat-in Kitchen, Pantry

Heating Forced Air

Cooling Central Air

Flooring Hardwood, Tile

Fireplace N

Appliance Free-Standing Range, Free-Standing Refrigerator

Laundry In Basement

Exterior

Parking Features false

Fence Back Yard, Chain Link

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

View Y/N No

Roof Type Flat

Building

Story 2

Water Public

Level or Stories Two

Structure Type Brick

Schools

Elementary Schools Hickey Elem.

Middle Schools Yeatman-Liddell Middle School

High Schools Vashon High

School District St. Louis City

Others

Ownership Private

Acceptable Financing 1031 Exchange, Cash, Conventional, Private

Listing Terms 1031 Exchange, Cash, Conventional, Private

Special Listing Condition Standard

Listed by Eric Schultz • Tower Real Estate Group

NEARBY SCHOOLS & PROPERTIES

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(636) 385-5095

propertyinfo@experience-re.com

146 Chesterfield Valley Dr, Chesterfield, Missouri, 63005, United States

4523 Adelaide AVE St Louis, MO 63115