What is the asking price for 5315 Cabanne Avenue?

The lease rate for space here is $595,000.

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 $595,000
Property Type Multi-Family
Property Size 31,898 SF
Units 42
Year Built 1925
Date Updated Nov 5, 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 three-story Tudor-style brick condominium building in the West End, totaling approximately 31,898 sq. ft. It includes 42 units: (24) 1-bed 1-bath and (18) 2-bed / 1-bath. Market rent for the 1 bedrooms is $1,285 based on 24 single bedroom apartments within a mile in the last year, 2 bedrooms avg rent is $1,476 based on 21 apartments in the last 18 months. There is also the ability to add 3-6 additional units in the lower level. Pro forma income once renovated and stabilized is $647,562 with net income of $420,916. The lower level offers 24 underground parking spaces and room for tenant storage. This multi-family rehab is ideal for developers or investors. While the project needs completion, many plans and permits have already been approved by the city (some will require renewal). Completed improvements include demolition, new rear and side windows, tuckpointing, framing, and leveled floors. The building is ready for mechanical, electrical, and plumbing installation. An adjacent lot is available if desired and can be used for additional parking. Historic tax credits are available. The lower level offers potential for added units, a lounge, or a gym. Estimated ARV: $5.8M Estimated Completion Cost: $3M-$4M Potential Tax Credits: $1.25M-$1.8M. There is potential for 1.2M-$2.2M equity upon completion, in addition to the tax credits. Seller will consider all reasonable offers. Asking price is available for 30 days only!

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.