Renovated Duplex with Private
For Sale
$190,000
Pending
3511 Pennsylvania Avenue St, Louis, MO 63118
Residential Income, St Louis, MO
Property Size1,760 SF
Lot Size0.07 Acres
Days on Market55
Property Features for 3511 Pennsylvania Avenue St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 4, Basement, Bedroom 2, Bathroom 1, Bedroom 1, Bathroom 2
Parking features
Garage
Window features
Wood Frames
Fencing
Privacy
Basement
Unfinished, Full
Appliances
Stainless Steel Appliance(s)
Subdivision
Guckers
Elementary school
Froebel Elem.
Middle school
Fanning Middle Community Ed.
High school
Roosevelt High
Elementary school district
St. Louis City
Middle school district
St. Louis City
High school district
St. Louis City
Directions
No showing without an accepted offer.
Standard status
Pending
APN
1578-00-0180-0
Size
1,760 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
1445
Utilities
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Amenities
in-unit laundry
large private backyard
Building Details
Year built
1910
Flooring type
Hardwood
Building materials
Brick
Roof type
Shingle
Architectural style
Other
Listing Agency:
EXP Realty, LLC
(866) 224-1761
Listed By:
Sana Tan · License #2025013042
(913) 908-8001
Added: Jul 22
Changed: Sep 12
Last Checked: Sep 14 at 9:06AM
MLS# 26028542
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.
Investment Insights
Based on property information with market context.
This 1,760-square-foot brick duplex contains two separately leased apartments, each with two bedrooms, one bathroom, a living room, and an open-concept kitchen. Both units include in-unit laundry and access to a large private backyard, while hardwood flooring, stainless steel appliances, central air, and forced-air heating add practical residential features. Garage parking and privacy fencing are also included.
The property underwent a substantial renovation in 2024, including a new shingle roof, furnaces, water heaters, and electrical panels. Both apartments are currently occupied, and the property carries an 8.4% cap rate. Built in 1910, the duplex occupies a 0.0723-acre lot at 3511 Pennsylvania Avenue in St Louis, Missouri. Public water service is in place.
The property underwent a substantial renovation in 2024, including a new shingle roof, furnaces, water heaters, and electrical panels. Both apartments are currently occupied, and the property carries an 8.4% cap rate. Built in 1910, the duplex occupies a 0.0723-acre lot at 3511 Pennsylvania Avenue in St Louis, Missouri. Public water service is in place.
Key Highlights
- Two‑unit duplex totaling 1,760 square feet
- Both apartments have 2 bedrooms and 1 bathroom
- Fully leased with an 8.4% cap rate
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$16,379
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.62%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$327,580
$327.6K
Cap Rate 7%
$233,986
$234.0K
Cap Rate 9%
$181,989
$182.0K
Market Conditions
NOI Build-Up for 1,760 SF
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.
Gross rent
$31.7K $18.00/SF
− Vacancy
−$1.9K −$1.08/SF
EGI
$29.8K $16.92/SF
− OpEx
−$13.4K −$7.61/SF
NOI
$16.4K $9.31/SF
Area
St. Louis County, MO
Vacancy
6.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$327,580
Cap Rate 7%
$233,986
Cap Rate 9%
$181,989
Alternative Uses
Best Use
Multifamily LT 5
$268.9K
$235.3K – $313.7K
NOI $18,821 @ 7.0% cap · market cap 9.91%
Second Best
Apartment 5plus
$234.0K
$204.7K – $273.0K
NOI $16,379 @ 7.0% cap · market cap 8.62%
Theoretical Best
Office A
$377.7K
$330.5K – $440.7K
NOI $26,441 @ 7.0% cap · market cap 13.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,404
Businesses Nearby
Explore this area
Business Placement
Demographics for 63118, MO
25,194
Population
14,770
Households
1.7
Avg Household Size
34
Median Age
38%
College-Educated
87%
High-School Grad
3.4 sq mi
ZIP Area
7,410
Density / Sq Mi
$57,268
Median Household Income
$44,717
Median Earnings
$952
Median Rent
$210,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Fully leased duplex with updated systems, two-bedroom units, private outdoor space, and garage parking.
Where is this duplex located?
The property is located at 3511 Pennsylvania Avenue St Louis, MO.
What is the asking price?
The asking price for this property is $190,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 1,760 square feet; Both apartments have 2 bedrooms and 1 bathroom; Fully leased with an 8.4% cap rate
