Renovated Multifamily Property in
3670 Russell Boulevard St, Louis, MO 63110
5 Family or More, Traditional - St Louis, MO
Property size:
11,676 SFLot size:
0.14 AcresPrice / SF:
$149/SF- Added:
- May 15, 2026
- Days on Market:
- 8
- Last Refresh:
- May 22 at 1:06 am
Property Features for 3670 Russell Boulevard St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Exterior features
- Balcony, Courtyard
- Basement Y/N
- 1
- Standard status
- Active
- APN
- 4952-00-0010-0
- Size
- 11,676 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 9827
Utilities
- Heating system
- Electric (Heating), Forced Air
- Cooling system
- Central Air, Electric
Building Details
- Year built
- 1908
- Number of units
- 12
- Flooring type
- Carpet, Concrete, Vinyl, Wood
- Building materials
- Brick
- Architectural style
- New Traditional
Listing agent Jordan Schoen License #2009024331 (314) 255-5117
Listing office Invest St. Louis 2309 Thurman, St. Louis, MO (314) 325-6201
Listing date May 15, 2026
MLS# 26030407
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 renovated 12‑unit multifamily property in the highly desirable Shaw neighborhood.
- Significant capital improvements completed including a TPO roof and new windows.
- All twelve units renovated with updated bathrooms and in‑unit laundry; eight units feature high‑end finishes with luxury vinyl flooring and granite countertops.
- Opportunity to increase rents and add value by potentially converting basement space into additional apartments.
- Balanced unit mix of six 1‑bedroom and six 2‑bedroom units, with strong historical occupancy.
- Walkable to Tower Grove Park and the Missouri Botanical Garden, conveniently located near major employment centers.
Overview
This is a fully renovated 12-unit multifamily property built in 1907, situated in the Shaw neighborhood of St. Louis. The property is located near Tower Grove Park and the Missouri Botanical Garden, with convenient access to employment centers, universities, parks, hospitals, shopping, and dining. The building features six 1-bedroom units and six 2-bedroom units. All twelve units have been renovated, including complete bathroom updates, updated plumbing, and in-unit laundry. Plaster walls have been replaced with drywall, and the building has been converted to an all-electric system. Eight of the units include luxury vinyl flooring and upgraded kitchen cabinets with granite countertops. The building retains original marble walls, a skylight, and original tile flooring in the entry areas. Tenants have access to rear porches and a courtyard area. Capital improvements include a TPO roof, new windows, complete tuckpointing, new PVC stacks, and new water lines. Water heaters have been replaced, and HVAC line sets and thermostat wiring have been run throughout the property. The property, situated on a lot of 0.1406 acres, offers 11,676 square feet of space. The basements have a large footprint, tall ceilings, and easy access for potential egress windows and entry doors, creating the possibility of adding additional apartments.
Financial Insights
Value Estimation Calculated for Apartment 5plus
Conservative
$1.21M
NOI $108,657 @ 9.00% cap · cautious / downside scenario
Moderate
$1.55M
NOI $108,657 @ 7.00% cap · market / base-case scenario
Aggressive
$2.17M
NOI $108,657 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Apartment 5plus
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $210.2k | $18.00 |
| − Vacancy | −$12.6k | −$1.08 |
| EGI | $197.6k | $16.92 |
| − OpEx | −$88.9k | −$7.61 |
| NOI | $108.7k | $9.31 |
11,676 SF · lease $18.00/SF/yr · vacancy 6.00% · expense 45.00%
Alternative Use Scenarios
Best Use
Apartment 5plus
$1.55M
$1.36M – $1.81M
NOI $108,657 @ 7.0% cap · market cap 6.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.51M
$2.19M – $2.92M
NOI $175,411 @ 7.0% cap · market cap 10.02%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Map
- City
- Louis
- County
- St. Louis
- State
- Missouri
- Longitude
- -90.242761
- Latitude
- 38.613447
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Fully renovated 12-unit multifamily property in desirable Shaw neighborhood.
Where is this apartment building located?
The property is located at 3670 Russell Boulevard St Louis, MO.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Fully renovated 12‑unit multifamily property in the highly desirable Shaw neighborhood.; Significant capital improvements completed including a TPO roof and new windows.; All twelve units renovated with updated bathrooms and in‑unit laundry; **eight units feature high‑end finishes with luxury vinyl flooring and granite countertops.**
