Price Reduced ListingWelcome to 5641 Cates Ave, an updated, Income-Producing Duplex Near WashU. Whether you're expanding your investment portfolio or looking for a smart house-hacking opportunity, this duplex offers two beautifully updated units, a proven rental history and multiple ways to generate income. Previously operated as a successful short-term rental, this property provides flexibility for investors and owner-occupants alike. The spacious two-story unit features 3 bedrooms and 3 bathrooms, while the second unit offers 2 bedrooms and 1 bathroom. Both units have been thoughtfully updated with stylish finishes and comfortable, functional layouts. Furnishings are negotiable, creating the opportunity for a seamless transition into rental operations, and access to a private backyard which is an added feature rarely found with this type of property. Tucked away on a quiet cul-de-sac near Washington University and just 1.5 miles from the Delmar Loop, the property offers convenient access to dining, shopping, entertainment and public transportation. Live in one unit while generating income from the other, or lease both units to maximize the property's investment potential. Two updated units. One desirable location. Multiple possibilities for income and long-term growth. It doesn't get much better than this! Second floor unit just rented for $2400/month with a 6-month lease as of October.
| MLS # | 26055632 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1902 |
| Days On Site | 67 |
| Listing Provided By | Berkshire Hathaway HomeServices Select Properties | Toni Roberts |
| SQ Feet | 2,090 |
|---|---|
| Basement | Y |
| Story(s) | 2 |
| Units | 2 |
| Building(s) | 1 |
| Acreage | 0.11 |
| Cooling | Ceiling Fan(s), Central Air |
|---|---|
| Heating | Forced Air, Gas |
| Window Features | Blinds |
| Appliances | Stainless Steel Appliance(s), Electric Range, Refrigerator, Washer/Dryer, Gas Water Heater |
| Roof | Architectural Shingle |
|---|---|
| Construction Materials | Brick, Vinyl Siding |
| Lot Features | Back Yard |
| Fencing | Back Yard, Fenced, Full |
| Garage Yes / No | No |
|---|---|
| Attached Garage Yes / No | No |
| Parking Features | On Street |
| Community Features | Sidewalks |
|---|---|
| Senior Community Yes / No | No |
| Utilities | Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Water Available |
|---|---|
| Electric | Ameren |
| Property | 1228 |
|---|
| State | MO |
|---|---|
| County | St Louis City |
| City | St Louis |
| Zip Code | 63112 |
| Area | Central West |
| Community Name | Clemens Place Add |
| School District | Sumner High |
| Elementary School | Hamilton Elem. Community Ed. |
| High School | Sumner High |
| Listing VS Median (in Clemens Place Add) | |
Price: $500,000 low | high Med: $550,000 sqft: 2,090 low | high Med: 12,231 $ / sqft: $239 low | high Med: $133 On site: 67 low | high Med: 324.5 | |
| State | MO |
|---|---|
| County | St Louis City |
| City | St Louis |
| Zip Code | 63112 |
| Area | Central West |
| Community Name | Clemens Place Add |
| School District | Sumner High |
| Elementary School | Hamilton Elem. Community Ed. |
| High School | Sumner High |
| Listing VS Median (in Clemens Place Add) | |
Price: $500,000 low | high Med: $550,000 sqft: 2,090 low | high Med: 12,231 $ / sqft: $239 low | high Med: $133 On site: 67 low | high Med: 324.5 | |