6114 Waterman Boulevard

Immerse yourself in the vibrant culture of St. Louis. From the iconic Gateway Arch to the dynamic Delmar Loop, this area offers diverse dining, entertainment, and educational opportunities. With a thriving business district and top-rated schools, it's an ideal location for a multifamily or high-rise investment.6114 Waterman Blvd offers investors the opportunity to acquire a large two-family asset in one of St. Louis’ strongest rental corridors. The building contains 2,884 square feet, with each unit offering three bedrooms and one bathroom. This larger unit layout is highly desirable for student renters, roommate groups, graduate students, and professionals who want proximity to Washington University and the Central Corridor. The property is currently vacant, which gives a buyer immediate control over leasing strategy. A new owner can lease both units at market rent, occupy one unit while renting the other, or pursue additional improvements to push rents further over time. The most recent rents demonstrate strong tenant demand, with one unit previously leased at $3,000/month and the other at $2,695/month. A conservative stabilized rent assumption of $3,000/month for each unit results in $72,000 in annual gross rent.