Active
Asking price: $300,000
- Configuration
- 4BR/1.5BA
- Gross revenue
- $32.5K–$33Kcurrent, per year
- After upgrades
- $46K–$52Kprojected
- Nearby
- Forest Park, the Zoo
ActiveJZ Owned & Managed
4632-4700 McPherson Ave, St. Louis, MO 63108
Historic McPherson Triplex
Historic 3-Unit Rental Property in Central West End — Turnkey Investment
The property at 4632–4700 McPherson Ave is a three-unit rental property across two restored buildings on one city parcel in St. Louis's Central West End. JZ Properties fully renovated the property, and JZ Vacation Rentals has professionally managed its three units for two years. Offered at $1,500,000.
Listing updated
Revenue Snapshot
Current$110,000 – $111,000Combined gross rental revenue across all 3 units, CY2025 actual ($110,684, all 3 then operating as short-term rentals), by arrival date, before management fees. One unit (West End Whimsy) has been on a mid-term lease that started June 1, 2026.
Projected — After Upgrades$150,000 – $177,000Projected combined gross rental revenue after the planned bedroom expansion, before management fees
The current range reflects verified historical revenue from JZ's reservation and accounting systems. The projected range is a forward-looking estimate tied to the improvement plan described below — not a forecast, appraisal, or guarantee of future performance. Bedroom count and square footage for the expansion are plan-level estimates and have not been field-verified. Verify every figure independently before relying on it. Consult your CPA regarding depreciation and other tax treatment.
Property Facts
| Address | 4632-4700 McPherson Ave, St. Louis, MO 63108 |
|---|---|
| Neighborhood | Central West End |
| Units |
|
| Square Footage | 6,180 sq ft |
| Asking Price | $1,500,000 |
See These Units Operating Live
Every unit already runs as a live, professionally managed short-term rental — see exactly how it presents to guests today.
About This Mixed-Use Property for Sale in St. Louis
The units are Historic Haven, with 3 bedrooms and 2.5 bathrooms; Hidden Gem, with 1 bedroom and 1 bathroom; and West End Whimsy, with 2 bedrooms and 2 bathrooms. The front building retains original crown moldings, hardwood floors, tall windows, and a classic St. Louis brick facade. The rear building includes the two-bedroom unit and its private garage. West End Whimsy has been on a mid-term residential lease that started June 1, 2026, booked through December 31, 2026, with a possible extension; the buyer takes the property subject to that lease. Short-term bookings after the lease period will be cleared before closing.
Review the included furnishings and operating records during diligence. Confirm how existing reservations, platform listings, and account arrangements will be handled under the purchase agreement (and any separate management agreement) before closing. The property is near Barnes-Jewish Hospital, the Washington University Medical Campus, Forest Park, and the Cathedral Basilica of St. Louis. The McPherson wedding and event venue is located on the same block.
JZ Vacation Rentals manages the property today and can continue as manager after the sale at a discounted fee for an initial one- to two-year term, under a property-specific management agreement.
The proposed improvement plan, which converts Historic Haven from 3 to 5 bedrooms with potential for approximately 400–600 additional square feet, is budgeted at approximately $75,000–$100,000, escrowed at the title company at closing in addition to the $1,500,000 purchase price and released as the work is completed. Scope, timing, disbursement controls, permits, and responsibility must be documented in the purchase agreement.
A property-specific revenue projection for the proposed expansion is available during diligence, together with its assumptions. It is an estimate, not a guarantee.
The proposed expansion is intended to add usable space and income potential. Buyers should independently evaluate scope, cost, permitting, value, and revenue assumptions.
Supporting operating records and any projection assumptions are available during diligence.
Local Demand
Steps from The McPherson, a landmark wedding venue
The McPherson, a wedding and event venue in the historic Berger Chapel, is located on the same block at 4715 McPherson Ave.
See The McPherson's venue siteCommercial Property for Sale in St. Louis: Highlights
- Three furnished rental units across two restored buildings on one parcel
- Historic Haven: 3 bedrooms and 2.5 bathrooms
- Hidden Gem: 1 bedroom and 1 bathroom
- West End Whimsy: 2 bedrooms, 2 bathrooms, and a private garage; on a mid-term lease that started June 1, 2026, booked through Dec 31, 2026, with a possible extension
- Fully renovated by JZ Properties and professionally managed by JZ Vacation Rentals for two years
- Original architectural details include crown moldings, hardwood floors, tall windows, and classic St. Louis brick
- Included furnishings, operating records, and booking-platform arrangements to be reviewed and documented during diligence
- Near Barnes-Jewish Hospital, the Washington University Medical Campus, Forest Park, and the Cathedral Basilica of St. Louis
- The McPherson wedding and event venue is located on the same block
- JZ Vacation Rentals manages the property today and can continue as manager after the sale at a discounted fee for an initial one- to two-year term, under a property-specific management agreement.
- Improvement plan budgeted at approximately $75,000–$100,000, escrowed at the title company at closing in addition to the $1,500,000 purchase price and released as the work is completed. Scope, timing, disbursement controls, permits, and responsibility must be documented in the purchase agreement.
- A property-specific revenue projection for the proposed expansion is available during diligence, together with its assumptions. It is an estimate, not a guarantee.
- The proposed expansion is intended to add usable space and income potential. Buyers should independently evaluate scope, cost, permitting, value, and revenue assumptions.
- Supporting operating records and any projection assumptions are available during diligence
Historical results and projections are identified separately. Supporting records and model assumptions are available during diligence. Neither historical results nor projections guarantee future performance. Use the inquiry form below to request the supporting diligence package, or model your own assumptionsin the investment calculator.
Upgrade Opportunity
Add 2 Bedrooms, Add Revenue — Historic Haven Expansion Plan
The improvement plan converts Historic Haven from its current 3-bedroom configuration to 5 bedrooms, with potential for approximately 400–600 additional square feet. It's a simple, transparent value-add: a defined scope of work with a clear before-and-after, built for a buyer who wants the upside without guessing at what it takes to get there. JZ proposes the plan and manages the work end to end, and the new owner has a say in the final scope before work begins — the goal is a property at its freshest on day one of ownership.
Historic Haven, Hidden Gem, and West End Whimsy generated $110,684 in combined gross rental revenue in CY2025, with all three then operating as short-term rentals; West End Whimsy has been on a mid-term lease that started June 1, 2026. The bedroom addition is projected to add another $40,000–$60,000 in gross revenue once complete, bringing the combined range to $150,000–$177,000.
The approximately $75,000–$100,000 improvement budget and the approximately 400–600 square-foot addition are plan-level figures — not yet field-verified against a contractor scope or permit set. Buyers should confirm feasibility, permitting, and final cost with their own contractor and advisors before relying on them.
Questions About Historic 3-Unit Rental Property in Central West End — Turnkey Investment
FAQ
What is included in the McPherson sale?
Three furnished rental units across two restored buildings on one city parcel at 4632–4700 McPherson Ave in the Central West End: Historic Haven (3 bedrooms, 2.5 bathrooms), Hidden Gem (1 bedroom, 1 bathroom) and West End Whimsy (2 bedrooms, 2 bathrooms and a private garage). The buildings total 6,180 sq ft. Furnishings and operating records are reviewed during diligence.
What is the asking price, and how does the improvement plan work?
The real estate is offered at $1,500,000. The improvement plan, which converts Historic Haven from 3 to 5 bedrooms, is budgeted at approximately $75,000–$100,000. That amount is escrowed at the title company at closing in addition to the purchase price and released as the work is completed.
How much rental revenue does the property earn?
The three units generated $110,684 in combined gross rental revenue in CY2025, by arrival date and before management fees, with all three then operating as short-term rentals. The projected $150,000–$177,000 range after the bedroom expansion is an estimate, not a guarantee. Records and assumptions are available during diligence.
Is any unit currently leased?
Yes. West End Whimsy has been on a mid-term residential lease that started June 1, 2026, booked through December 31, 2026, with a possible extension. The buyer takes the property subject to that lease. Short-term bookings after the lease period will be cleared before closing.
Who manages the McPherson property after the sale?
JZ Vacation Rentals manages the property today and can continue as manager after the sale at a discounted fee for an initial one- to two-year term, under a property-specific management agreement.
What is near the McPherson property?
The property is near Barnes-Jewish Hospital, the Washington University Medical Campus, Forest Park and the Cathedral Basilica of St. Louis. The McPherson, a wedding and event venue in the historic Berger Chapel, is on the same block at 4715 McPherson Ave.
How should I think about taxes when buying a property like McPherson?
Tax treatment depends on your own situation and how you use the property. Consult your CPA regarding depreciation and other tax treatment.
This is a private sale. JZ Properties LLC (its owner also owns the current property manager) is the seller of record, and the sale contract is between the seller and the buyer. JZ Vacation Rentals and its principals are not licensed real estate brokers or agents and receive no sales commission. Listing information is deemed reliable but not guaranteed and is not an offer to sell.
Available now
More Available Properties
Active
Asking price: $300,000
- Configuration
- 3BR/1.5BA
- Gross revenue
- $39K–$44Kcurrent, per year
- Renovated
- 2024
- Highlights
- Game room, fenced yard
