340 Selma AVE, Webster Groves, MO 63119 (MLS # 26043885) - Rick & Tracy Ellis Real Estate
12594 Veterans Memorial Pkwy.Wentzville MO 63385
Open:Monday - Sunday 8a-6p
New Real Talk Radio 3
Price $800,000
Status Active
Beds 0
Baths 0 Bath
Home size 2,991 sqft
Lot Size 19,036 sqft
Days on Market 11
Rare opportunity in the heart of WEBSTER GROVES "” a turnkey, income-producing FIVE-UNIT brick multifamily compound just steps from the shops, restaurants and charm of OLD WEBSTER. Two solid, well-built mid-century brick buildings deliver a smart mix of four one-bedroom homes and one spacious two-bedroom, and the property lives large with FIVE PRIVATE GARAGE SPACES across two detached garages, private yards and patios, and generous off-street parking "” a genuinely rare find in this walkable neighborhood. This is a true VALUE-ADD play with income already in place. TWO units "” the spacious two-bedroom and one of the one-bedrooms "” are already beautifully renovated to the same high standard, featuring quartz countertops, stainless appliances, in-unit washer and dryer, tiled baths and wide-plank flooring. At market, the renovated two-bedroom commands roughly $1,695 and the renovated one-bedroom about $1,395. The remaining THREE one-bedrooms are leased month-to-month at just $995 each, leaving clear and immediate upside to simply raise rents or renovate to the same proven finishes for an estimated $1,395 per unit. Best of all, every unit is SEPARATELY METERED "” electric, gas, water, sewer and trash bill directly to tenants "” so essentially only taxes and insurance fall to ownership, driving a strong stabilized return. Location is everything, and this one delivers: top-rated WEBSTER GROVES schools, an 80-plus walk score, and roughly nine miles to downtown St. Louis. See the MLS SUPPLEMENTS for the full Offering Memorandum with additional detail, or ask the listing agent. SHOWINGS ARE EXPECTED TO START 7/16. A property like this in a location like this does not last "” schedule your showingbefore it is GONE FOREVER!
Property Type(s): Multi Family
Last Updated 7/16/2026 Tract Pasadena Webster
Year Built 1950 Community 256 - Webster Groves
Garage Spaces 5.0 County St. Louis

SCHOOLS

Elementary School Bristol Elem.
Jr. High School Hixson Middle
High School Webster Groves High

Additional Details

AIR Central Air
AIR CONDITIONING Yes
AREA 256 - Webster Groves
CONSTRUCTION Brick
GARAGE Yes
HEAT Forced Air
LOT 0.437 acre(s)
STYLE Ranch
SUBDIVISION Pasadena Webster
TAXES 9233

Location

 

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Address:12594 Veterans Memorial Pkwy., Wentzville MO 63385
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