340 Selma, Webster Groves, MO 63119
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340 Selma, Webster Groves, MO 63119
340 Selma, Webster Groves, MO 63119
340 Selma, Webster Groves, MO 63119
340 Selma, Webster Groves, MO 63119
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John Voirol

John Voirol

+1(314) 366-0454
$ 800,000
Est. payment /mo
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Active

340 Selma Webster Groves, MO 63119

2,991 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type 5 Family or More

Listing Status Active

Purchase Type For Sale

Square Footage 2,991 sqft

Price per Sqft $267

Subdivision Pasadena Webster

MLS Listing ID 26043885

Style Ranch

Year Built 1950

Annual Tax Amount $9,233

Lot Size 0.437 Acres

Acres 0.437

Property Sub-Type 5 Family or More

Property Description

Rare opportunity in the heart of WEBSTER GROVES — a turnkey, income-producing FIVE-UNIT brick multifamily compound just steps from the shops, restaurants and charm of OLD WEBSTER. Two solid, well-built mid-century brick buildings deliver a smart mix of four one-bedroom homes and one spacious two-bedroom, and the property lives large with FIVE PRIVATE GARAGE SPACES across two detached garages, private yards and patios, and generous off-street parking — a genuinely rare find in this walkable neighborhood.
This is a true VALUE-ADD play with income already in place. TWO units — the spacious two-bedroom and one of the one-bedrooms — are already beautifully renovated to the same high standard, featuring quartz countertops, stainless appliances, in-unit washer and dryer, tiled baths and wide-plank flooring. At market, the renovated two-bedroom commands roughly $1,695 and the renovated one-bedroom about $1,395. The remaining THREE one-bedrooms are leased month-to-month at just $995 each, leaving clear and immediate upside to simply raise rents or renovate to the same proven finishes for an estimated $1,395 per unit. Best of all, every unit is SEPARATELY METERED — electric, gas, water, sewer and trash bill directly to tenants — so essentially only taxes and insurance fall to ownership, driving a strong stabilized return.
Location is everything, and this one delivers: top-rated WEBSTER GROVES schools, an 80-plus walk score, and roughly nine miles to downtown St. Louis.
See the MLS SUPPLEMENTS for the full Offering Memorandum with additional detail, or ask the listing agent. SHOWINGS ARE EXPECTED TO START 7/16. A property like this in a location like this does not last — schedule your showingbefore it is GONE FOREVER!

Location

State MO

County St. Louis

Area 256 - Webster Groves

Interior

Heating Forced Air

Cooling Central Air

Fireplace N

Exterior

Parking Features true

Garage Spaces 5.0

View Y/N No

Building

Structure Type Brick

Schools

Elementary Schools Bristol Elem.

Middle Schools Hixson Middle

High Schools Webster Groves High

School District Webster Groves

Others

Acceptable Financing 1031 Exchange, Cash, Conventional

Listing Terms 1031 Exchange, Cash, Conventional

Special Listing Condition Standard

Listed by Anthony Klier • The Agency

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John Voirol
John Voirol

REALTOR®

+1(314) 366-0454

3198 S Grand Blvd, St Louis, MO, 63118-1008, USA

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340 Selma