Three-Unit Brick
3405 Cherokee Street, Saint Louis, MO 63118
For Sale
New
$349,900
Residential Income, St Louis, MO
Property Size3,165 SF
Lot Size0.07 Acres
Price / SF$110.55
Days on Market1
Property Features for 3405 Cherokee Street
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Parking features
Basement
Appliances
Subdivision
Lot features
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Heating system
Cooling system
Water source
Amenities
in-unit laundry
fully fenced yard
breakfast bars
Building Details
Year built
Number of units
Building materials
Buildings
Listing Agency:
Worth Clark Realty
(314) 222-0065
Listed By:
Timothy Burgess · License #2014029770
(314) 732-3077
Added: Nov 9
Last Checked: Nov 9 at 3:06AM
MLS# 26069915
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.
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Investment Insights
Based on property information with market context.
This brick triplex contains three apartments, each configured with two bedrooms and one bathroom. The building totals 3,165 square feet on a 0.072-acre lot and was built in 1895. Interior features include in-unit laundry, open living areas, updated kitchens with granite countertops and stainless steel appliances, and bathrooms finished with contemporary tile. Breakfast bars serve the main- and upper-level units. Heating and cooling are provided individually by electric systems.
A fenced yard and rear parking pad for two vehicles serve the property. The apartments are currently leased. The building is near the restaurants, shops, and entertainment on Cherokee Street, with access to South Grand and Tower Grove.
A fenced yard and rear parking pad for two vehicles serve the property. The apartments are currently leased. The building is near the restaurants, shops, and entertainment on Cherokee Street, with access to South Grand and Tower Grove.
Key Highlights
- Three apartments, each with two bedrooms and one bathroom
- 3,165‑square‑foot brick building on a 0.072‑acre lot
- All three apartments are currently leased
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,453
Cap Rate
8.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$589,060
$589.1K
Cap Rate 7%
$420,757
$420.8K
Cap Rate 9%
$327,256
$327.3K
Market Conditions
NOI Build-Up for 3,165 SF
Gross rent
$57.0K $18.00/SF
− Vacancy
−$3.4K −$1.08/SF
EGI
$53.6K $16.92/SF
− OpEx
−$24.1K −$7.61/SF
NOI
$29.5K $9.31/SF
Area
St. Louis County, MO
Vacancy
6.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$589,060
Cap Rate 7%
$420,757
Cap Rate 9%
$327,256
Alternative Uses
Best Use
Multifamily LT 5
$483.5K
$423.1K – $564.1K
NOI $33,845 @ 7.0% cap · market cap 9.67%
Second Best
Apartment 5plus
$420.8K
$368.2K – $490.9K
NOI $29,453 @ 7.0% cap · market cap 8.42%
Theoretical Best
Office A
$679.3K
$594.4K – $792.5K
NOI $47,549 @ 7.0% cap · market cap 13.59%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,197
Businesses Nearby
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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
$210,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Triplexes in St. Louis County, MO
Properties on Market for Triplexes in St. Louis County
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Triplex - All apartments are leased, with individual electric heating and cooling systems.
Where is this triplex located?
The property is located at 3405 Cherokee Street Saint Louis, MO.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Three apartments, each with two bedrooms and one bathroom; 3,165‑square‑foot brick building on a 0.072‑acre lot; All three apartments are currently leased
