Property Description

Welcome to 3164 Nebraska, a recently updated four-family property located in the heart of Benton Park West, just off the Arsenal & Gravois corridor. Positioned in a high-demand rental pocket surrounded by Tower Grove East, South Grand, and Soulard, offering convenient access to South City dining, public transit, parks, and neighborhood amenities. The building features a strong unit mix of (2) one-bedroom units, (1) two-bedroom unit, and (1) studio. Two units are currently leased, with two additional units nearly rent-ready and expected to be online within 30 days. Projected returns support an estimated 12% cap rate, supported by solid rental activity and neighborhood comps. Major capital improvement includes a full roof replacement completed December 2024. A well-located multifamily opportunity offering stable income potential in a proven South City rental market. Ideal for investors or future house hackers. Enjoy South St. Louis City at its finest

Property Features

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