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7240 Balson Avenue, Saint Louis, MO 63130

$489,900
  • 7240 Balson Avenue, Saint Louis, MO 63130 Main Photo

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New to the Market Active
BEDS0 BATHS SQUARE FEET2,800 MLS#26059688
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONBalsons Sub Of Shaftesbury Heights SCHOOLUniversity City

Property Description

Welcome to this beautifully renovated University City duplex offering an incredible opportunity for investors or those looking to combine homeownership with rental income! Fully renovated in 2025, this property has undergone extensive improvements throughout, providing updated finishes along with significant upgrades to many of the home's major components. Updates include new major mechanical systems, a new roof, new windows, new concrete driveway and walkways, updated flooring, fresh paint, new appliances, and beautifully renovated kitchens and baths.Both units offer spacious and thoughtfully designed layouts featuring 3 bedrooms and 2 full baths. Step inside each unit to a bright and inviting living and dining room combination with beautiful hardwood floors, abundant natural light, and plenty of room for both everyday living and entertaining. The renovated kitchens feature granite countertops, modern fixtures, stainless steel appliances, ample cabinetry, and generous prep space, creating a functional and updated space for cooking and gathering.Each unit includes a spacious primary bedroom with a private ensuite bath, providing added privacy and convenience. Two additional bedrooms offer flexibility for family, guests, a home office, or additional living space, while an updated full hall bath completes each unit. The thoughtful layouts and extensive renovations make both units comfortable and move-in ready.The property also offers impressive income potential. The second-floor unit is currently leased for $1,795 per month, while the first-floor unit previously rented for $1,995 per month. Whether you're looking to add a renovated multi-family property to your investment portfolio, rent both units for income potential, or live in one unit while generating rental income from the other, this duplex provides plenty of flexibility.Additional features include basement storage space, washer/dryer hookups, dedicated off-street parking, and a fenced backyard offering additional outdoor space for residents to enjoy. With extensive 2025 renovations already completed, this property provides the opportunity to enjoy the benefits of an updated multi-family property without taking on a major renovation project.Conveniently located in University City near shops, restaurants, parks, the Delmar Loop, Washington University, and many of the surrounding area's amenities, this property brings together updated living spaces, income potential, and a prime location-all in one!

7240 Balson Avenue | MLS# 26059688

This multi-family property located at 7240 Balson Avenue, Saint Louis, MO 63130 is currently listed for sale with an asking price of $489,900. Balson Avenue is located within the University City school district. Search Saint Louis real estate on www.redkeystlouis.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Storage Space, Unfinished
Cooling: Central Air
Garage: 2 car attached
Heating: Forced Air
Home Style: Traditional
Lot Size: 0.12 Acres
Taxes: $6,328
Year Built: 1952

Amenities

Dining/Living Room Combo
Granite Counters
Shower
Storage
Tub

Feature Descriptions

Appliances: Stainless Steel Appliance(s), Dishwasher, Electric Oven, Refrigerator
Days on Site: 4
Exterior: Brick, Brick Veneer
Fencing: Back Yard
Laundry: In Basement
Parcel#: 17J-21-0787
Parking: Basement, Covered, Driveway, Garage, Off Street
Parking Notes: Basement, Covered, Driveway, Garage, Off Street
SQFT. Above Grade: 2800
Water: Public

Local Schools

High School: University City Sr. High
Middle School: Brittany Woods
Elementary School: Jackson Park Elem.
School District: University City

Listed By / Shown By

Listed By

Agency Name: The Agency

Shown By

Agency Title: RedKey Realty Leaders
Agency Phone: 314-692-7200

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Estimated Payment

$ 3,339.27 per month $2,669.04 Principal & Interest $527.33 Property Tax $142.89 Homeowner's Insurance

Change Payment Information

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(Payments are an estimate and may vary by lender)

David Ames, Sales Manager, NMLS #738479

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