5386 Pershing ave, "Central Park" is a fully-renovated 40 UNIT property in Debalivere. Located right between Washington University main campus/ WASH U medical campus, down the street from Barnes Jewish Hospital and just a 6 minute walk to Forest Park. Every unit in the building has been upgraded with IN-UNIT WASHER DRYER, vinyl flooring, granite counters and central air (no central boiler or window unit AC). This property is 100% occupied and brings in $51,227/m. 32 of the units are 2bed/1baths that currently rent for $1296/month and 8 of the units are 1bed/1bath (w an office) that currently rent for $1221/month. Market rent for 2beds according to RentOMeter in this area is $1452/month (ask agent for his 23 rental comps) so there is plenty of room to raise rents (seller self-manages himself). In 2024 the Total Operating Income was $591,779 and the Total Operating Expenses were $182,626/month = which make the NOI for 2024 $409,152. Showings start May 14th, 2025- call to schedule a tour.
Lot & Building Features
AppliancesGas Water Heater
CoolingCentral Air, Electric
HeatingForced Air, Natural Gas
Parking DescriptionOpen, Parking Lot
SewerPublic Sewer
Tax Year2024
Taxes Paid$43,757
WaterPublic
Community and Schools
Elementary SchoolFord-Ford Br. Elem. Comm. Ed.
Junior High SchoolLangston Middle
Senior High SchoolSumner High
Price History of 5386 Pershing Avenue, St Louis, MO
Date
Name
Price
Difference
05/02/2025
Listing Price
$5,900,000
N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.
5386 Pershing Avenue (MLS #25028488) is a residential income listing located in St Louis, MO.
This is a residential income listing with a lot of 23,087 sqft (or 0.53 acres). This property was listed on 05/02/2025 and has been priced for sale at $5,900,000.
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