Contacts

Garen Lafser

Salient Realty Group

Property Details

Property Type Multi-Family
Property Size 6,104 SF
Units 4
Lot Size 0.13 Acre
Additional Rent Contact for pricing
Property Tenancy Multi-Tenant
Year Built 1894
Date Updated Jan 10, 2025

Only blocks from Tower Grove Park this property is surrounded by local eateries, shops, and cultural attractions, providing tenants with an unparalleled lifestyle. Just minutes from downtown St. Louis, the building benefits from excellent connectivity to major employment centers, universities like Washington University, Saint Louis University, Harris-Stowe State University, Barnes Jewish Hospital, Wells Fargo, and many others. With St. Louis's strong job market in healthcare, education, and technology, this property stands as a promising investment with potential for steady rental income and appreciation. Why Invest Here? - Cultural Richness: St. Louis’s cultural heritage adds value, attracting a diverse tenant pool interested in living in a city with history, arts, and sports. - Affordability: St. Louis is known for its cost-effective living, which can lead to higher rental yields compared to other major cities. -Community: The Shaw Neighborhood is very community-oriented that supports tenant retention and community engagement, essential for long-term rental stability.4041-43 Castleman Ave is a updated and stately four-family building in the heart of St. Louis' Shaw neighborhood. This property has loads of historic charm and modern updates like in-unit laundry and updated electric and plumbing. The mansard roof was replaced less than five years ago as well. The building has a wonderful unit mix consisting of two, 2 bd / 1 ba units and two, 3 bd / 2 ba units. Both unit types are very large at 1,255 SF for the two bed units and 2,000 SF for the 3 bed units. The property is located just blocks from the Missouri Botanical Gardens and Tower Grove Park and many wonderful dining and entertainment options. Current rents are $1,400 & $1,370 for 2 bed units and $1,780 & $1,695 for the 3 bed units. This opportunity is perfect for investors or owner occupants looking to house hack. The in place rents are solid but have plenty of room to be raised.

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Highlights

Large, Updated Four Family Building In Shaw
In Unit Laundry & Updated Electric & Plumbing
Perfect for Investors & Owner Occupants (House Hack)
Spacious and well-designed units
Solid In Place Rents w/ Room to Raise to Market

Getting around

69/100
Walk Score ®
35/100
Transit Score ®
63/100
Bike Score ®

Powered by Walk Score ®

City Saint Louis, MO
Neighborhood Shaw
Zip Code 63110
Market St Louis

Points of Interest

Union Station - Elevator Access

2.41 miles
Union Station

2.44 miles
Union Station - Stair Access

2.47 miles
St. Louis - Gateway Station

2.55 miles
The Wild Station

2.57 miles
Discovery Corner Station

2.66 miles
Missouri History Museum/Forest Park

2.80 miles
Forest Park - DeBaliviere Metrolink

2.99 miles
8th & Pine

3.19 miles
Skinker

3.61 miles

Tesla Supercharger

0.67 miles
QuikTrip

0.92 miles
EVgo Charging Station

1.06 miles
BP

1.15 miles
Phillips 66

1.25 miles
Zephyr Xpress

1.36 miles
Conoco

1.38 miles
ChargePoint

1.58 miles
EV Connect

2.87 miles
Electric Car Charging Station

3.80 miles

1327

0.73 miles
Chroma Apartments Garage

0.91 miles
Marie Curie Parking Lot

1.00 miles
West Lot

1.22 miles
4220 Duncan Garage

1.29 miles
Grand Station Parking

1.29 miles
East Lot

1.30 miles
IKEA Parking Lot

1.34 miles
Clayton Avenue Parking Garage

1.36 miles
4240 and Tech Shop Parking

1.38 miles

Home2 Suites by Hilton St. Louis/Forest Park

1.24 miles
Aloft by Mariott

1.43 miles
Element St. Louis Midtown

1.44 miles
Holiday Inn Express St. Louis

1.47 miles
DoubleTree by Hilton

1.73 miles
Residence Inn

1.84 miles
Hotel Ignacio

1.87 miles
Red Roof Inn

1.92 miles
Angad Arts Hotel

1.95 miles
Hampton

1.97 miles

Ruler Foods

0.75 miles
N & M Food Market

0.88 miles
Local Harvest Grocery

1.00 miles
Target

1.10 miles
Jay International Food Co.

1.12 miles
John Viviano and Sons

1.22 miles
DiGregorio's Italian Market

1.25 miles
Fresh Thyme

1.41 miles
Schnucks

1.44 miles
Save-A-Lot

1.50 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.