5001 Oleatha Avenue, St. Louis, Mo 63139
$1,450,000 (Listed Sold)

12 Units in Northampton

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Invest in St. Louis

On a quiet tree-lined street in North Hampton with a grassy median this striking 12-unit building built in 1929 features 10 one-bed four-room units & 2 studios.
2017 renovation included new soft close cabinets, white quartz countertops, in-unit laundry, 4 piece stainless steel appliances. Building features central air with all new condensers. Bathrooms have been completely renovated, hardwood floors refinished. Building dry-walled and re-plastered. New insulated TPO roof was installed. New vinyl insulated windows were installed, New commercial exterior meter bases, new 200 amp service panels. New light fixtures and electrical finishes. New wiring in kitchens, bathrooms and basement. New 2 ” copper main water service. New PEX water lines, PVC waste lines, PVC drain lines throughout. Professionally landscaped. 11 of the 12 units were fully renovated, the 12th unit has an updated bathroom. 10 of the
12 units have in-unit laundry and the other two have laundry provided in the basement.

Rent Comparables In The 63139 Zip Code:
5014 Pernod – 1 bedroom – $900 – $950
5204 Oleatha – 1 bedroom – $925 – $975
4999 Oleatha – 1 bedroom – $875
5008 Oleatha – 1 bedroom – $895
4960 Odell – 1 bedroom – $950
4947 Arsenal – 1 Bedroom – $975
3537 S. Kingshighway – Studio – $700 – $1000
6244 Oakland – Studio – $850

Rents are low compared to similarly updated units in the area. There is potential to raise the rents in this building significantly without having to complete any additional upgrades. The tenants are fantastic and there are a number of long-term tenants in the building, some have been there since the building has been renovated.

Property Location

1450000 | 5001 Oleatha Avenue, St. Louis, Mo 63139

RCP 5845 Lindenwood & Oleatha 9/17/2019 www.timparkerphoto.com

Property Details:
Square Footage: 12,960 County: St. Louis City Units: 10+ Condition: Turn Key Occupancy: Fully Occupied Parking: On Street Parking Heating: Electric Heat Cooling: Central Air Construction: Brick, Stone Basement: Stone
Home Amenities:
  • Some Dishwashers
  • Microwaves
  • Fridge
  • Stove
  • Washer/Dryer
  • Hardwood Floors
Agent Details:
Owner / Broker: Jordan Schoen Phone: (314) 255-5117 Fax: (314) 480-7053
Contact Agent: Please use the form below to contact agent Jordan Schoen about this listing.

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