04/28/2026
🏠 NEW LISTING: 6-Unit Southampton Powerhouse! 🏠
Investors, are you looking for a high-performing asset in one of St. Louis’s most stable rental corridors? 4909 Lansdowne Ave is officially on the market! This brick mid-rise perfectly balances vintage architectural charm with the modern mechanical updates you’ve been looking for.
📍 The Details:
Location: Heart of Southampton (South City), St. Louis
Unit Mix: (6) Massive 2-Bed, 1-Bath Units (1,000+ sq. ft. each)
The "Bonus": Every unit has a front sunroom/office with a closet—easily converted to a 3rd bedroom to maximize your ROI.
Parking: Large 6-space off-street parking pad.
📈 Why This Property?
Strong Cash Flow: Current NOI of $43,190 with a path to an 8.73% Cap Rate at market rents.
Heavy Lifting Done: Separate forced-air furnaces, central A/C, individual gas water heaters, and updated electrical panels.
Exterior Updates: New roof (2023) and full building tuckpointing.
Versatile Strategy: Ideal for a long-term hold, but the layout is a prime candidate for Mid-Term (Traveling Nurse) or short-term rentals.
💰 Investment Snapshot:
Asking Price: $625,000
Immediate Value-Add: Bring current rents to the $1,200/month market value and watch your equity grow.
Units in this pocket move fast! We have one unit intentionally vacant and ready for easy viewing.
Want to schedule a private tour or see the full flyer? Contact David Ounanian at 314-400-8219 or send a DM today!
David Ounanian | Licensed Broker | CASHFLOW NATION brokered by eXp Realty LLC