Updated Duplex in Lemp
3435 Indiana Avenue St, Louis, MO 63118
Low/1-2,Traditional, 2-4 Units - St Louis, MO
Property size:
2,252 SFLot size:
0.07 AcresPrice / SF:
$126/SF- Added:
- May 22, 2026
- Days on Market:
- 12
- Last Refresh:
- Jun 2 at 3:06 am
Property Features for 3435 Indiana Avenue St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking
- 2
- Parking features
- Carport, Garage, Off Street, Secured
- Exterior features
- Level, Private Yard
- Fireplace
- 1
- Basement Y/N
- 1
- Standard status
- Active Under Contract
- APN
- 1560-00-0315-0
- Size
- 2,252 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 2882
Utilities
- Heating system
- Electric (Heating), Fireplace(s), Forced Air
- Cooling system
- Ceiling Fan(s), Central Air, Electric
Building Details
- Year built
- 1886
- Floors in Building
- 2
- Number of units
- 2
- Building materials
- Brick
- Roof type
- Flat
- Architectural style
- New Traditional
Listing agent Sarah Scheu License #2015021934 (314) 972-3561
Listing office RE/MAX Results 4850 Lemay Ferry Rd Ste 100, Saint Louis, MO (314) 894-8775
Listing date May 22, 2026
MLS# 26029121
Listing URL
Copyright © 2026 Mid America Regional Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Fully updated, turnkey duplex in the desirable Lemp Historic District, near Cherokee Street shops and restaurants.
- Offers flexibility for owner‑occupancy ('house hacking'), long‑term rental, or short‑term rental opportunities.
- Major updates completed in 2018: roof, HVAC, water heaters, electrical panels, porches, siding, and enclosed carport/garage.
- Both units feature spacious, functional floor plans with abundant natural light, tall ceilings, and modern updates.
- Unit 1: Private access to fenced backyard and enclosed 2‑car carport with patio and bistro lighting; lower‑level laundry and storage.
- Unit 2 includes in‑unit laundry and an additional office/flex space.
Overview
This updated duplex is located in the Lemp Historic District, near Cherokee Antique Row, Mud House, and various shops and restaurants. The property offers flexibility for owner-occupancy, long-term rentals, or short-term rental opportunities. Both units feature functional floor plans with natural light, tall ceilings, and modern updates. The main floor unit includes a dedicated entry, a family room with an electric fireplace and hardwood floors, a primary bedroom with a large closet, an eat-in kitchen with newer appliances, and a second bedroom with a large closet. It also has lower-level laundry and storage, oversized closets, and private access to the fenced backyard and enclosed 2-car carport with patio and bistro lighting. The upper unit features an open-concept family room with wood flooring and natural light. The eat-in kitchen has updated finishes, and the full bathroom has been renovated. A secondary bedroom includes a large closet, in-unit laundry, and an office/flex space. The primary bedroom offers tall ceilings and natural light. Major updates completed in 2018 include the roof, HVAC, both water heaters, electrical panels, rebuilt porches, Hardy siding on the rear addition, and the installation of the enclosed carport/garage structure. Additional updates include a new fence (2024), new landscaping (2026), and new siding on the north side of the garage (2026). Utilities are split between the units. The property is located in a walkable neighborhood.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $36.5k | $16.20 |
| − Vacancy | −$2.1k | −$0.92 |
| EGI | $34.4k | $15.28 |
| − OpEx | −$10.3k | −$4.58 |
| NOI | $24.1k | $10.69 |
2,252 SF · lease $16.20/SF/yr · vacancy 5.70% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$344.0K
$301.0K – $401.4K
NOI $24,082 @ 7.0% cap · market cap 8.45%
Second Best
Apartment 5plus
$299.4K
$262.0K – $349.3K
NOI $20,957 @ 7.0% cap · market cap 7.35%
Theoretical Best
Office A
$483.3K
$422.9K – $563.9K
NOI $33,832 @ 7.0% cap · market cap 11.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Map
- City
- Louis
- County
- St. Louis
- State
- Missouri
- Longitude
- -90.224778
- Latitude
- 38.592144
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Turnkey duplex near Cherokee Antique Row with flexible rental options.
Where is this duplex located?
The property is located at 3435 Indiana Avenue St Louis, MO.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Fully updated, turnkey duplex in the desirable Lemp Historic District, near Cherokee Street shops and restaurants.; Offers flexibility for owner‑occupancy ('house hacking'), long‑term rental, or short‑term rental opportunities.; Major updates completed in 2018: roof, HVAC, water heaters, electrical panels, porches, siding, and enclosed carport/garage.
