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    Turnkey Quadplex in South City Title is generated by Realmo AI

    3623-3625 Virginia Ave St, Louis, MO 63118

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    For Sale
    $260,000

    2-4 Units, Apartment Style - St Louis, MO

    Property size:
    4,639 SF
    Price / SF:
    $56/SF
    Added:
    Apr 25, 2026
    Days on Market:
    29
    Last Refresh:
    May 23 at 8:06 am

    Property Features for 3623-3625 Virginia Ave St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Rooms
    Basement
    Parking features
    Carport
    Basement Y/N
    1
    Standard status
    Active
    APN
    1617-00-0290-0
    Size
    4,639 SF

    Utilities

    Cooling system
    Ceiling Fan(s), Multi Units, Window Unit(s)

    Building Details

    Year built
    1916
    Floors in Building
    2
    Number of units
    4
    Architectural style
    Other

    We can help!

    Listing Contact
    Kimberly Ruth

    Listing agent Kimberly Ruth License #2024010542

    Listing office The Hermann London Group LLC 7350 Manchester Rd, St Louis, MO

    Listing date Apr 25, 2026

    MLS# 26017905 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

    • Immediate Rental Income: 3 of 4 units are currently occupied, providing immediate cash flow.
    • Value‑Add Opportunity: One vacant unit allows for increased rental income potential.
    • Strong Rental Demand: Convenient South City location near highways, restaurants, and amenities ensures consistent tenant demand.
    • Solid Brick Construction: Well‑maintained 4‑unit brick building offers durability and long‑term value.
    • Recent Improvements: Tuckpointing completed within the last year and new rear porches enhance property appeal and reduce maintenance.
    • Convenient Location: Easy access to major highways, public transportation, and local amenities.

    Overview

    Located in South St. Louis, 3623–3625 Virginia Ave is a quadplex suitable for investors seeking a cash-flowing asset. This brick multi-family property features 4 units, with 3 currently occupied, providing immediate rental income and additional upside through leasing the vacant unit. The units offer functional layouts, making them desirable for tenants in this centrally located neighborhood. Residents benefit from easy access to major highways, public transportation, local shops, and dining. This location experiences consistent rental demand. The property features new rear porches, updated hardwood floor refinishing in one unit, tuckpointing completed within the last year, and a new entry on the garage door. The property is being sold as-is, with the seller making no repairs or providing inspections. The building size is 4639 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Map

    City
    Louis
    County
    St. Louis
    State
    Missouri
    Longitude
    -90.239217
    Latitude
    38.590581

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    FAQs

    What type of property is this?
    Quadplex - Well-maintained 4-unit building with immediate rental income potential.
    Where is this quadplex located?
    The property is located at 3623-3625 Virginia Ave St Louis, MO.
    What is the asking price?
    The asking price for this property is $260,000.
    What are key features of this property?
    This property features: Immediate Rental Income: 3 of 4 units are currently occupied, providing immediate cash flow.; Value‑Add Opportunity: One vacant unit allows for increased rental income potential.; Strong Rental Demand: Convenient South City location near highways, restaurants, and amenities ensures consistent tenant demand.
    (314) 802-0797
    We can help!
    Listing Contact
    Kimberly Ruth
    Real Estate License ID: 2024010542
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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