Clemens Place Add Real Estate

Clemens Place Add Real Estate

Welcome to Clemens Place Add, a hidden gem nestled in the heart of St. Louis City, Missouri. This charming neighborhood offers a unique blend of urban convenience and suburban tranquility, making it an ideal choice for families, young professionals, and retirees alike.

Clemens Place Add is characterized by its tree-lined streets and a diverse array of architectural styles, ranging from classic brick homes to modern builds. The community exudes a warm and welcoming atmosphere, where neighbors know each other by name and take pride in their surroundings. The area is well-maintained, with lush green spaces and parks that invite residents to enjoy outdoor activities, picnics, and leisurely strolls.

One of the standout features of Clemens Place Add is its proximity to the vibrant cultural and entertainment offerings of St. Louis. Just a short drive away, you’ll find the iconic Gateway Arch, world-class museums, and a thriving arts scene. Food lovers will appreciate the eclectic mix of restaurants, cafes, and bars that cater to every palate, from cozy diners to upscale eateries.

Families with children will benefit from access to quality schools and educational resources, ensuring a nurturing environment for young minds. Additionally, the neighborhood is well-connected to public transportation, making commuting to downtown St. Louis and surrounding areas a breeze.

Whether you're seeking a peaceful retreat or an active lifestyle, Clemens Place Add has something for everyone. Explore this delightful neighborhood and discover the perfect place to call home in St. Louis!

Newest Listings in Clemens Place Add

$1,000,000
26036707 MLS ACTIVE UNDER CONTRACT Status
Rare opportunity to acquire a fully repositioned 6-unit multifamily building in the heart of St. Louis's historic West End — steps from the Central West End, Washington University, the Delmar Loop, and Forest Park. This classic 3-story brick walk-up has undergone a comprehensive $550,000 renovation, delivering six spacious 3-bedroom/2-bathroom units averaging 1,500 SF each — one of the largest unit configurations available in this submarket. All interior work is 100% complete, including premium new kitchens, updated bathrooms, modern flooring, and brand-new mechanical, electrical, and plumbing systems throughout. Four units are currently occupied with leases in place, and two turnkey-ready units are available for immediate lease-up at market rate. Current in-place income is $7,379/month with a stabilized annual income of $132,108 including utility reimbursements. At the $1,000,000 list price, the property delivers a 9.79% acquisition cap rate — significantly above the local market average of 7.40% — with an as-is appraised value of $1,040,000, providing immediate equity at closing. With all-new MEP systems in place, capital expenditure liability over the next 7–10 years is expected to be minimal. In-unit washer/dryer hookups in every unit support above-average rents and tenant retention. An ideal acquisition for investors seeking immediate cash flow, strong yield, and long-term appreciation in one of St. Louis's most supply-constrained rental corridors.

5909 Cates Ave, St Louis

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