16B Commandant Gade
Saint Thomas, VI 00802
14 Beds
12 Baths
4,033 sqft
$1,300,000
$1,300,000
14 Beds
12 Baths
4,033 sqft
Local Information
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Description
Turnkey Investment Opportunity | 12-Unit Apartment Building | 100% Occupied | 8% Cap RateLocated four blocks from the Waterfront in historic Charlotte Amalie and walking distance to Main Street and its many shops and restaurants.Major Tax Advantages for Investors - This property sits in both a Federal Opportunity Zone (with potential for capital gains tax deferrals) and a USVI Enterprise Zone, offering qualifying investors up to a 90% reduction in income tax and a 100% property tax exemption. Foreign investors may also benefit from no income or property tax obligations. Please confirm all tax benefits with your tax advisor. The original portion of the building is believed to date to the 1700s, featuring masonry rock walls up to 18 inches thick. Historic Garden Street, once home to the wealthy elite, is now home to restaurants, short-term rentals, boutique hotels, and the top-rated All Saints Cathedral School.
Strong local housing demand keeps units consistently occupied, and with short-term rental demand surging across St. Thomas, this property also presents a compelling conversion opportunity. Sale includes the established LLC (Garden Street Lofts) with existing banking infrastructure already in place for rent collection.
Reach out for more detailed information.
Strong local housing demand keeps units consistently occupied, and with short-term rental demand surging across St. Thomas, this property also presents a compelling conversion opportunity. Sale includes the established LLC (Garden Street Lofts) with existing banking infrastructure already in place for rent collection.
Reach out for more detailed information.
Home Highlights
Parking
No Info
Outdoor
No Info
HOA
None
Price/Sqft
$322
Listed
No Info
Home Details for 16B Commandant Gade
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Beds & Baths Number of Bedrooms: 14Number of Bathrooms: 12 |
Dimensions and Layout Living Area: 4033 Square Feet |
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Frontage Not on Waterfront |
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Days on Market: 2 days on Trulia |
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Property Type / Style Property Type: ResidentialProperty Subtype: Multi Family |
Building Construction Materials: Masonry |
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Price List Price: $1,300,000Price Per Sqft: $322 |
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MLS Status: Active |
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Direction & Address City: St. Thomas |
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Listing Agent Listing ID: 26-985 |
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Building Area Building Area: 4033 Square Feet |
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Lot Area: 2613.6 sqft |
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Mls Number: 26-985 |
Last check for updates: about 4 hours ago
Listing courtesy of Christine Belmonte
Real Solutions Real Estate
Source: St Croix / St Thomas BOR, MLS#26-985
Also Listed on St Croix / St Thomas BOR.
Price History for 16B Commandant Gade
| Date | Price | Event | Source |
|---|---|---|---|
| 05/19/2026 | $1,300,000 | Listed For Sale | St Croix / St Thomas BOR #26-985 |
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Christine Belmonte, Real Solutions Real Estate
16B Commandant Gade, Saint Thomas, VI 00802 is a 14 bedroom, 12 bathroom, 4,033 sqft multi-family. This property is currently available for sale and was listed by St Croix / St Thomas BOR on May 19, 2026. The MLS # for this home is MLS# 26-985.