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    4331 S 38Th St Louis, MO 63116

    View on Map
    Sponsored
    For Sale
    $296,900

    Traditional, 2-4 Units - St Louis, MO

    Property size:
    2,088 SF
    Lot size:
    0.10 Acres
    Days on Market:
    2
    Last Refresh:
    Mar 20 at 2:06 am

    Property Features for 4331 S 38Th St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Security features
    Smoke Detector(s)
    Rooms
    Basement
    APN
    5676-00-0160-0
    Parking
    3
    Parking features
    Carport, Garage, On Street
    Interior features
    Ceiling Fan(s), Chandelier, Country Kitchen, Custom Cabinetry, Eat-in Kitchen, Granite Counters, Separate Dining
    Exterior features
    Corner Lot, Fencing, Entry Steps/Stairs, Private Yard
    Fencing
    Fenced
    Basement Y/N
    1
    Appliances
    Microwave, Range, Range - Gas
    Size
    2,088 SF
    Lot size
    0.10 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Ceiling Fan(s), Central Air

    Building Details

    Year built
    1928
    Number of units
    2
    Flooring type
    Hardwood, Tile, Tile - Ceramic
    Building materials
    Brick, Concrete
    Roof type
    Shingle
    Architectural style
    New Traditional

    We can help!

    Listing Contact
    Samona Washington

    The Hermann London Group (314) 802-0797

    Listing agent Samona Washington (314) 802-0797 License #2006026613

    Listing date Mar 19, 2026

    MLS# 26015985 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.

    Learn more

    Property Insight Report

    Overview

    Renovated Brick Duplex in Dutchtown

    This renovated all-brick duplex blends South City character with modern comfort. Both units feature refinished hardwood floors, neutral paint, new lighting, new windows, and original stained-glass windows. The eat-in kitchens include new lighting, custom cabinetry, granite countertops, new flooring, and stainless steel appliances. The second-floor unit features a designer kitchen with gray cabinetry, gold hardware, a tile backsplash, and tile floors, along with stainless steel appliances. New windows and a new sewer lateral have been installed. The open basement provides washer/dryer connections and a full bath. The property includes a large fenced yard with mature fruit trees, a 2-car garage with remote entry, and a covered carport. The property is located close to parks, dining, shopping, and major highways. The property size is 2088 square feet and the lot size is 0.1028 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Louis
    County
    St. Louis
    State
    Missouri
    Longitude
    -90.250033
    Latitude
    38.580874

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    FAQs

    What type of property is this?
    Duplex - Renovated all-brick duplex with modern comfort and South City charm.
    Where is this duplex located?
    The property is located at 4331 S 38Th St Louis, MO.
    What is the asking price?
    The asking price for this property is $296,900.
    What are key features of this property?
    This property features: - Completely renovated duplex with **new kitchens featuring granite countertops, custom cabinetry, and stainless steel appliances in both units.**; - **Second-floor unit boasts a designer kitchen with gray cabinetry, gold hardware, and tile backsplash**, ideal for owner occupancy or premium rental.; - New windows and new sewer lateral provide peace of mind.
    (314) 800-7062
    Request Owner's contact information
    4331 S 38Th St Louis, MO 63116
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    Louis, MO 63116
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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
    4331 S 38Th St Louis, MO 63116
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    We can help!
    Listing Contact
    Samona Washington
    Real Estate License ID: 2006026613
    (314) 800-7062 (314) 802-0797
    Learn more
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