$1,300,000
St. Thomas, 00802
MLS# 26-942
12 beds | 12 baths
1 / 65
Property Description
Fully rented 12, unit apartment building with 8% cap rate. Four blocks from Waterfront Street in historic Charlotte Amalie, St Thomas US Virgin Islands. Potentially no income tax and no property tax for foreign investors. Also located in an opportunity zone and in a USVI EDC zone with up to 90% reductions in income tax, plus 100% property tax for all investors. Be sure to confirm with your tax advisor. Included is an LLC, DBA, Garden Street Lofts, with a bank account where tenants deposit rent. Original portion of the building is believed to have been built in the 1700s, and has has masonry rock walls up to 18 inches thick. Historic Garden Street, once home to wealthy elite, is now home to restaurants, short-term rentals, boutique hotels, and top the rated All Saints Cathedral School.
Details
Documents
Location/Area
Plot/Unit Number: 16B
Island: St. Thomas
Quarter: Queens
City: St.Thomas
General Property Description
Realtor.COM Type: Commercial
Taxes: 4215.5
Furnished: No
Tax Year: 2025
Lot Acres: 0.06
Water Front: No
Pool: No
Zoning: B-3
Stamp Tax: Negotiable
List Price: $1,300,000
Total Bedrooms: 12
Total Bathrooms: 12
Listing/Selling Member Info
Approx Int Sqft: 0
Miscellaneous
PWD#: 000000
Separate Meters: Other
Street Front: Yes
Amenities
Historic Bldg: 1
View
St. Thomas: 1
Construction
Masonry: 1
Listing Info
Sign: No
Business Opportunity
Business Name: Garden Street Lofts
Income & Expenses
Annual Income: 120,000
Sale Includes
Land & Building: 1
Land/Bldg & Bus: 1
LocationArea
Estate: Commandant Gade QU
Postal Code: 00802
Geo Lat: 18.343764
Geo Lon: -64.931205
Directions: Next to Family Dental Services in town.
Contract Information
Status: Active
Current Price: $1,300,000
Begin Date: 2026-04-14
Property Features
Sale Includes: Land & Building; Land/Bldg & Bus
View: St. Thomas
Amenities: Historic Bldg
Construction: Masonry
Supplements
Fully rented 12, unit apartment building with 8% cap rate. Four blocks from Waterfront Street in historic Charlotte Amalie, St Thomas US Virgin Islands. Potentially no income tax and no property tax for foreign investors. Also located in an opportunity zone and in a USVI EDC zone with up to 90% reductions in income tax, plus 100% property tax for all investors. Be sure to confirm with your tax advisor. Included is an LLC, DBA, Garden Street Lofts, with a bank account where tenants deposit rent. Original portion of the building is believed to have been built in the 1700s, and has has masonry rock walls up to 18 inches thick. Historic Garden Street, once home to wealthy elite, is now home to restaurants, short-term rentals, boutique hotels, and top the rated All Saints Cathedral School. High demand for local housing keeps these apts rented easily. Demand for short term rentals has also recently skyrocketed. Could easily be converted for short-term rentals. Feel free to inquire for for more detailed information
Survey 
Listing Office: Real Solutions Real Estate
Information deemed reliable but not guaranteed.