Renovated 12-Unit Multifamily
3670 Russell Boulevard St Louis, MO 63110
For Sale
$1,750,000
Pending
MULTI_FAMILY - Other - St Louis, MO
Property Size11,676 SF
Lot Size0.14 Acres
Days on Market32
Property Features for 3670 Russell Boulevard St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bedroom 2, Bedroom 3, Bathroom 1, Bedroom 1, Basement, Bathroom 2
- Exterior features
- Balcony, Courtyard
- Basement
- Full, Interior Entry
- Standard status
- Pending
- 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
- Electric, Central Air
Building Details
- Year built
- 1908
- Floors in Building
- 3
- Number of units
- 12
- Flooring type
- Concrete, Wood, Carpet, Vinyl
- Building materials
- Brick
- Architectural style
- Other
Listing Agency:
Invest St. Louis
(314) 325-6201
Listed By:
Jordan Schoen · License #2009024331
(314) 255-5117
Added: Jun 22
Changed: Jul 22
Last Checked: Jul 23 at 11:06PM
MLS# 26030407
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 fully renovated 12-unit multifamily property was built in 1907 and offers six 1-bedroom units and six 2-bedroom units. Updates include complete bathroom renovations, updated plumbing, in-unit laundry, and interior upgrades such as replacement of plaster walls with drywall. The building has been converted to all-electric systems, with water heaters replaced, and electrical upgrades include HVAC line sets and thermostat wiring run throughout. Many units feature newer finishes, including luxury vinyl flooring and upgraded kitchen cabinets with granite countertops, while the entry areas retain historic details such as original marble walls, a skylight, and original tile flooring. Exterior amenities include rear porches and a courtyard area.
Located in the Shaw neighborhood of St. Louis, the property is walkable to Tower Grove Park and the Missouri Botanical Garden, with convenient access to major employment centers, universities, parks, hospitals, shopping, and dining.
The scope of capital improvements supports a turnkey approach, with items including a TPO roof, new windows, complete tuckpointing, new PVC stacks, and water line replacements. The basements offer a large footprint and tall ceilings, along with easy access that could support additional apartments depending on permitting requirements. The unit mix and renovation profile can appeal to investors seeking a residential income asset with modernized interiors and maintained historic character.
Located in the Shaw neighborhood of St. Louis, the property is walkable to Tower Grove Park and the Missouri Botanical Garden, with convenient access to major employment centers, universities, parks, hospitals, shopping, and dining.
The scope of capital improvements supports a turnkey approach, with items including a TPO roof, new windows, complete tuckpointing, new PVC stacks, and water line replacements. The basements offer a large footprint and tall ceilings, along with easy access that could support additional apartments depending on permitting requirements. The unit mix and renovation profile can appeal to investors seeking a residential income asset with modernized interiors and maintained historic character.
Key Highlights
- 12‑unit multifamily built in 1908 with six 1‑bedroom units and six 2‑bedroom units
- All 12 units fully renovated with in‑unit laundry and updated bathrooms, plumbing, and walls (plaster to drywall)
- Converted to all‑electric systems, including electric heating and central air with replacement water heaters
Financial Insights For Apartment 5plus
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 | $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 Uses
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 Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Fully renovated 12-unit building with an all-electric conversion, in-unit laundry, and a balanced 1- and 2-bedroom mix.
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: 12‑unit multifamily built in 1908 with six 1‑bedroom units and six 2‑bedroom units; All 12 units fully renovated with in‑unit laundry and updated bathrooms, plumbing, and walls (plaster to drywall); Converted to all‑electric systems, including electric heating and central air with replacement water heaters
