16B Commandant Gade QU, St. Thomas, 00802 (MLS# 26-985)

16B Commandant Gade QU, St. Thomas, 00802

$1,300,000

Property Type: Residential Bedrooms: 14 Baths: 12 Square Footage: 4,033 Lot Size (sq. ft.): 2,614 Status: Active

Current Price: $1,300,000 List Date: 5/19/2026 Last Modified: 5/20/2026

Overview

Description

Turnkey Investment Opportunity | 12-Unit Apartment Building | 100% Occupied | 8% Cap Rate Located 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.

Supplements: 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 occup ... (Read more)

Listing Details MLS# 26-985

LocationArea

Estate: Commandant Gade QU
Postal Code: 00802
Directions: Next to Family Dental Services in town.

Contract Information

Begin Date: 2026-05-19

General Property Description

Realtor.COM Type: Multi-Family
Lot Acres: 0.06
Approx Total Main House: 2561
Approx Total Property SqFt: 4033
Total Bedrooms: 14
Number of Bedrooms - Main House: 14
Total Bathrooms: 12
Sub Type: 5+ Multi Units
Taxes: 4215.5
Tax Year: 2025
Furnished: No
Water Front: No
Pool: No
Zoning: B-3
Stamp Tax: Negotiable
Number of Bedrooms - Accessory building: 0
Approx Interior SqFt-Accessory Unit Total: 0
Approx Exterior SqFt-Accessory Unit Total: 0

Miscellaneous

PWD#: 000000

Main House

Approx Interior SqFt - Main House: 2561
Approx Exterior SqFt - Main House: 0

More Information

Location/Area

Plot/Unit Number: 16B
Island: St. Thomas
Quarter: Queens

Construction

Masonry: Yes

Property Features

Construction: Masonry

Listing Office: Real Solutions Real Estate

Information deemed reliable but not guaranteed.