4622 Cleveland Ave, St Louis, MO 63110

Property Description

Available for the first time since the 1990s, this one-of-a-kind former 4-family building—now configured as a triplex—offers a rare opportunity for both investors and owner-occupants. Live in the spacious vacant 2-bedroom townhouse-style unit while generating $1,650 per month in rental income from the two occupied 1-bedroom units, currently leased at $800 and $850 per month (both below market rates). The property's standout feature is its incredible outdoor space. The townhouse unit enjoys direct access to a large elevated deck overlooking an exceptionally deep, beautifully landscaped, fully fenced yard—an uncommon find in the city. The deck also serves as a covered carport for up to three vehicles, with an additional three off-street parking spaces on the concrete pad below. A motorized gate with heated back-up battery provides secure access to the parking area. Major updates include all three HVAC systems replaced in 2020, water heaters installed in 2021 and 2024, and a TPO roof in 2018. Additional amenities include two secure storage rooms and coin-operated laundry in the basement. The lawn irrigation system is currently not in use and will convey as-is. Ideally located within walking distance of MOBOT, Tower Grove Park, and Comet Coffee, this property combines strong income potential with an exceptional lifestyle. With its unique configuration, expansive lot, extensive parking, valuable updates, and premier location, opportunities like this are exceptionally rare. See the vacant unit today; the 2 one bedroom units will be shown with an accepted contract. Seller prefers an as-is sale.