2902-2906 Cherokee St #2902-2906, Saint Louis, MO, 63118
About This Home
Well-positioned 6-family opportunity in a strong rental corridor with great exposure on Cherokee. This 7,000+ sqft property consists of six units each with consistent true 2 bed, 1 bath floorplans (no walkthrough bedrooms) supporting stable, long-term leasing. Each unit offers front and rear access, with covered porches overlooking a fenced in backyard. Modern amenities include double pane windows, forced air heat and central AC throughout along with a NEW ROOF in '26, two off-street parking spaces, and three separate basements providing laundry capability and options for tenant storage. Projected rental performance is above the 1% rule, presenting compelling fundamentals on cash flow and long-term hold strategy. Located just off Cherokee Street in South St. Louis, the property benefits from proximity to one of the city’s most active and culturally vibrant corridors, known for its retail, dining, and arts district. Whether you’re an owner-occupant or seasoned investor, this income-oriented asset offers scale, simplicity, and durable upside for the disciplined investor.
Getting Around
Walker's Paradise
Very Limited Transit
BikeableSchools
Construction
Condition
- Year built: 1898
Materials
- Foundation: Stone
- Roof: Flat
- Construction materials: Stone
Type & Style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subType: Multi Family
Interior
Basement
- Has basement: Yes
- Basement: Concrete,Unfinished
Features
- Number of fireplaces: 6
- Fireplace features: Decorative
- Fireplace: Yes
- Finished area above ground: 7,112
Heating & Cooling
- Heating features: Electric,Forced Air,Natural Gas
- Cooling features: Central Air
Interior Area
- Total structure area: 7,112
- Total interior livable area: 7,112 sqft
Property
Details
- Parcel number: 15760002400
- Special condition: Standard
Features
- Levels: Two
- Patio & porch: Covered,Patio
- Fencing: Back Yard
Lot
- Lot size: 7,679 sqft
- Features: Back Yard,Level
Parking
- Parking features: Concrete,Off Street,Parking Pad
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Heat Wave
- Tornado
- Earthquake
- Inland Flooding
- Cold Wave
- Lightning
- Strong Wind
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters Across Missouri Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $3,286 | $39,432 |
| Home Insurance * | $763 | $9,156 |
| Property Taxes | $557 | $6,684 |
| Electricity | $543 | $6,517 |
| Total | $5,149 | $61,788 |
Income You'd Need if You Spent...
Missouri FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-02-20 | Listed for sale | $650,000 |
View on Zillow