549 Bates Street
St Louis, MO 63111
- – beds
- – baths
- – sqft
- 7,536 sqft lot
- 1914 build
- – on site
Investors—don’t miss this rare opportunity to secure 10 units in the heart of South City with strong cash flow and long-term upside. This well-maintained 6-unit building is being sold as a package with its neighboring 4-family building (545 Bates, MLS #25025704), offering a turnkey portfolio in one of the most stable and desirable rental markets. Each unit features 1 bedroom, 1 bathroom, ample living space, modern updates, some stainless steel appliances, well-kept back decks and some newer major systems that help minimize maintenance costs. Market rent per unit is $800/month. Tenants appreciate the off-street parking, basement storage, and a fully fenced backyard—amenities that drive tenant satisfaction and long-term tenancy. With solid tenants already in place and potential for future rent increases, this is the perfect opportunity for any investor looking to grow in 2025. You will be proud to own these charming, income-producing South City properties for years to come!
Last checked:
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Last updated May 6, 2025
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MLS# 25026801 —
The Building
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Year Built:1914
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Number Of Buildings:1
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Unit Count:1
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Number Of Units Total:6
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Basement:false
Interior
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Fireplace:false
Financial & Terms
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Possession:Close Of Escrow, Subject To Tenant Rights
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Listing Terms:Cash, Conventional, Private Financing Available, Other
Location
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Longitude:-90.247728
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Latitude:38.565348
The Property
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Property Sub Type:5 Family or More
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Property Type:Residential Income
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Parcel Number:2852-00-0110-0
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Lot Size Acres:0.173
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Lot Size Area:0.17
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Lot Size Units:Acres
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Lot Size Square Feet:7,536 Sqft
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Lot Size Dimensions:54x139x55x138
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Waterfront:false
Listing Agent
- Contact info:
- Agent phone:
- (866) 224-1761
- Office phone:
- (866) 224-1761
Taxes
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Tax Year:2024
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Tax Annual Amount:$1,778
Heating & Cooling
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Cooling:Window Unit(s)
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Heating:Forced Air, Natural Gas
Utilities
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Sewer:Public Sewer
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Water Source:Public
Appliances
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Appliances:Gas Water Heater
Schools
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Elementary School:Woodward Elem.
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Middle School:Lyon Blow Middle
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High School:Roosevelt High
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High School District:St. Louis City
The Community
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Subdivision Name:Thomas Add
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Neighborhood:Carondelet
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Pool:No
Parking
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Parking Features:On Street
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Garage:false
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Carport:false
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
5/5/25
May 5, 2025
|
Price Changed | MARIS | $345,000 | -4.2% |
|
5/2/25
May 2, 2025
|
Listed / Active | MARIS | $360,000 | 8.6% (2.2% / YR) |
|
6/16/21
Jun 16, 2021
|
MARIS | $331,600 | 32.6% |
