Home Highlights
Multi-Family
$322/sqft
Local Information
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About this House
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.
Last check for updates: about 2 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, St Croix / St Thomas BOR.
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: 114 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 |
Around this home
Amenity information provided by third-party data sources
Market trends in Charlotte Amalie
Last updated July 2026
Avg. sale price
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Sale-to-List Price
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Price per sq ft
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Available listings
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Home Value
Learn more about this home's value by checking out the value of nearby homes.
Nearby home prices
Get a sense of expected prices in the area by checking the value of nearby homes.Address | Distance | Price | Bed | Bath | Sqft | Status |
|---|---|---|---|---|---|---|
0.13 | $2,900,000 | - | - | - | For Sale | |
0.13 | - | - | - | - | Off Market | |
0.13 | $1,375,000 | 4 | 0.5 | 3,544 | For Sale | |
0.13 | $2,900,000 | - | - | - | For Sale | |
0.13 | - | - | - | - | Off Market | |
0.13 | $115,000 | - | - | - | For Sale | |
0.13 | - | - | - | - | Off Market | |
0.13 | $1,999,000 | - | - | - | For Sale | |
0.13 | $250,000 | - | - | - | For Sale | |
0.13 | $375,000 | - | - | - | For Sale | |
0.13 | $100,000 | - | - | - | For Sale |
Price and Tax history
| Date | Event | Price |
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May 19, 2026 Source: St Croix / St Thomas BOR #26-985 | Listed For Sale | $1,300,000 |
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Christine Belmonte, Real Solutions Real Estate
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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.