Renovated Historic
For Sale
$315,000
Pending
3219 Cherokee St, Saint Louis, MO 63118
Two updated residences combine refreshed interiors with dedicated parking and outdoor improvements.
Property Size2,332 SF
Days on Market24
Property Features for 3219 Cherokee St
General Information
Standard status
Pending
Size
2,332 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,710
Amenities
deck
privacy fence
Building Details
Buildings
1
Listing Agency:
Coldwell Banker Realty - Gundaker
(314) 849-2880
Listed By:
Mila Schumacher
(618) 713-2931
Source:
Exprealty
Added: Sep 12
Changed: Oct 4
Last Checked: Oct 4 at 1:02PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Realty - Gundaker
Investment Insights
Based on property information with market context.
This historic duplex contains 2,332 square feet across two renovated residences, each offering two bedrooms and one full bathroom. Major systems and finishes have been updated, including the sewer line, plumbing, electrical, HVAC, recessed lighting, ceiling fans, paint, bathrooms, kitchens, cabinetry, appliances, and garbage disposals. Exterior work includes a new back deck, privacy fence, and dedicated parking pad.
Located at 3219 Cherokee St in Saint Louis, the property is near restaurants, boutiques, art galleries, coffee shops, and other neighborhood businesses along Cherokee Street. The configuration supports separate occupancy of the two residences, with each unit providing its own living, kitchen, and bathroom areas.
Located at 3219 Cherokee St in Saint Louis, the property is near restaurants, boutiques, art galleries, coffee shops, and other neighborhood businesses along Cherokee Street. The configuration supports separate occupancy of the two residences, with each unit providing its own living, kitchen, and bathroom areas.
Key Highlights
- 2,332‑square‑foot historic duplex with two renovated residences
- Each unit includes 2 bedrooms and 1 full bath
- New sewer line plus updated plumbing, electrical, and HVAC systems
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,938
Cap Rate
7.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$498,760
$498.8K
Cap Rate 7%
$356,257
$356.3K
Cap Rate 9%
$277,089
$277.1K
Market Conditions
NOI Build-Up for 2,332 SF
Gross rent
$37.8K $16.20/SF
− Vacancy
−$2.2K −$0.92/SF
EGI
$35.6K $15.28/SF
− OpEx
−$10.7K −$4.58/SF
NOI
$24.9K $10.69/SF
Area
St. Louis County, MO
Vacancy
5.70%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$498,760
Cap Rate 7%
$356,257
Cap Rate 9%
$277,089
Alternative Uses
Best Use
Multifamily LT 5
$356.3K
$311.7K – $415.6K
NOI $24,938 @ 7.0% cap · market cap 7.92%
Second Best
Apartment 5plus
$310.0K
$271.3K – $361.7K
NOI $21,702 @ 7.0% cap · market cap 6.89%
Theoretical Best
Office A
$500.5K
$437.9K – $583.9K
NOI $35,034 @ 7.0% cap · market cap 11.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,489
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two updated residences combine refreshed interiors with dedicated parking and outdoor improvements.
Where is this duplex located?
The property is located at 3219 Cherokee St Saint Louis, MO.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: 2,332‑square‑foot historic duplex with two renovated residences; Each unit includes 2 bedrooms and 1 full bath; New sewer line plus updated plumbing, electrical, and HVAC systems
