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5229 Lansdowne Ave 2 Unit Apartment Building Offered at $491,855 CAD at a 6.90% Cap Rate Saint Louis, MO 63109
Investment Highlights
- Walking distance from Southampton amenities
- Double lot
- Detached 2-car garage
Executive Summary
You'll love this 2-family opportunity located in the heart of Southampton! Perfectly positioned just steps from neighborhood favorites like Espresso Yourself, The Mack, Russell's, Clementine's, and so much more! This classic 2-family offers the ideal blend of charm, space, and investment potential. Situated on a rare double lot, the property features a detached 2-car garage, lots of outdoor space and approximately 2,500 square feet of living space between two generously sized units. Each unit offers a bright, open living and dining room, two spacious bedrooms, a full bathroom, a large kitchen, and a charming sunroom—providing flexible living for tenants or future owner-occupants. Rich with character, you'll love the original hardwoods, beautiful stained glass and the brand-new front balcony. Currently fully occupied, this is a fantastic opportunity to continue as a turnkey investment or plan for future owner occupancy while generating rental income. Whether you're looking to grow your portfolio or put down roots in one of St. Louis' most beloved neighborhoods, this Southampton gem checks all the boxes!
Property Facts
| Price | $491,855 CAD | Property Type | Multifamily |
| Price Per Unit | $245,928 CAD | Building Size | 2,500 SF |
| Sale Type | Investment | No. Stories | 2 |
| Cap Rate | 6.90% | Year Built | 1921 |
| No. Units | 2 | ||
| Zoning | B - Two Family Residential-B | ||
| Price | $491,855 CAD |
| Price Per Unit | $245,928 CAD |
| Sale Type | Investment |
| Cap Rate | 6.90% |
| No. Units | 2 |
| Property Type | Multifamily |
| Building Size | 2,500 SF |
| No. Stories | 2 |
| Year Built | 1921 |
| Zoning | B - Two Family Residential-B |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | - | - |
1 1
Moderately walkable
60/100
Moderately drivable
60/100
Limited public transit
20/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 5164-00-0280-0 | Improvements Assessment | $60,554 CAD |
| Land Assessment | $4,483 CAD | Total Assessment | $65,037 CAD |
Property Taxes
Parcel Number
5164-00-0280-0
Land Assessment
$4,483 CAD
Improvements Assessment
$60,554 CAD
Total Assessment
$65,037 CAD
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5229 Lansdowne Ave
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