What is the asking price for 5315 Cabanne Avenue?

The lease rate for space here is Contact for pricing.

What is the total size of 5315 Cabanne Avenue?

The property has a total square footage of 31,898 SF.

When was this property built?

5315 Cabanne Avenue was built in 1925.

How many parking spaces are available at 5315 Cabanne Avenue?

Parking information for the property isn't currently listed. However, other nearby parking options include The Racquet Club parking lot, located 0.85 miles away , and Chase Park Plaza Parking Garage, which is 1.07 miles away.

5315 Cabanne Avenue, St. Louis, MO 63112

For Sale $995,000
Property Type Multi-Family
Property Size 31,898 SF
Units 42
Year Built 1925
Date Updated Jun 19, 2026

Description

The Cabanne Castle, a three-story Tudor-style brick condominium building in the West End, offers 42 units: (24) 1-bed 1-bath and (18) 2-bed / 1-bath, totaling approximately 31,898 sq. ft. This multi-family rehab is ideal for developers or investors. Many plans and permits have already been approved by the city (some will require renewal), and historic tax credits are available. Estimated ARV: $5,800,000 Estimated Completion Cost: $3,000,000 Potential Tax Credits: $1,000,000+. The lower level offers potential for added units, a lounge, or a gym, and an adjacent lot is included for additional parking. Seller financing is available for well-qualified buyers. All reasonable offers without financing will be considered.The Cabanne Castle is a striking Tudor style three-story brick apartment building built in 1925, totaling approximately 31,898 sq. ft. The building has distinct unique turrets and architectural features, and a large courtyard. 42 Units: (24) 1-bed / 1-bath units and (18) 2-bed / 1-bath units. There is a lower level with 24 underground parking spaces, and space for private storage for tenants. The building is located in the West End neighborhood: .4 miles from the Central West End .9 miles from Forest Park 1.5 miles from The Loop 1.6 miles from Barnes Medical Complex and Washington University Medical School 2.5 miles from Washington University 2.9 miles from Clayton, MO Strong rental demand in the area supported by nearby institutions and entertainment hubs. Ideal for developers or investors seeking a large-scale multi-family rehab project with key infrastructure already in place. There is an adjacent lot to the west of the building included in the sale which can be used for additional parking. The building needs to be completed, but many plans and permits are already city-approved (some will need renewal). Some of the completed improvements include: Demolition, a new roof, new windows on rear and sides, tuckpointing, framing, floors have been leveled, etc. Ready for mechanical, electrical, and plumbing installation.

Highlights

Approximate after repair value is $5,800,000 ($138,095 per unit).
Approximate cost to complete the project is $3,000,000 ($71,428 per unit).
Approximate purchase plus renovation costs are $4,000,000 ($95,238 per unit).
could possibly be added with additional egress added for the units. There is also
Historic tax credits are available for the project.
Opportunity to convert the underground lower level into 6 additional units which
Potential 32% equity after completion of the project with a 10.5% cap rate.
potential to add a lounge and gym in the lower level.
There is also potential for property tax abatement through the city of St. Louis.
With projected renovation costs of $3,000,000 with combined state and federal tax credits at 45% of qualified expenses there is the potential for tax credits in excess of $1,000,000.