Renovated Duplex Near
For Sale
$279,900
3424 Mckean Ave, Saint Louis, MO 63118
The property includes a month-to-month first-floor tenancy near shops, restaurants, parks, and public bus lines.
Property Size2,398 SF
Price / SF$116.72
Days on Market87
Property Features for 3424 Mckean Ave
General Information
Standard status
Active
Size
2,398 SF
Property subtype
Residential Income
Property Condition
Severity
Repairs Needed
Evidence
it could use some cosmetic repairs
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,002
Building Details
Buildings
1
Listing Agency:
Berkshire Hathaway HomeServices Select Properties
(314) 775-2050
Listed By:
Abdel Yezza
(314) 503-7653
Source:
Exprealty
Added: Jul 21
Changed: Oct 14
Last Checked: Oct 15 at 12:45AM
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 Berkshire Hathaway HomeServices Select Properties
Investment Insights
Based on property information with market context.
This two-family duplex contains 2,398 square feet and was renovated a few years ago. The first-floor residence is occupied under a month-to-month arrangement, while the property remains in generally good condition with some cosmetic repairs identified in the property information.
Located at 3424 McKean Ave in Saint Louis, the duplex is within walking distance of a library, stores, shops, and restaurants. Bus lines and parks are also nearby, adding convenient access to everyday services and recreation.
The combination of a two-family layout, existing first-floor tenancy, recent renovation history, and access to surrounding amenities gives the property a clear residential income profile.
Located at 3424 McKean Ave in Saint Louis, the duplex is within walking distance of a library, stores, shops, and restaurants. Bus lines and parks are also nearby, adding convenient access to everyday services and recreation.
The combination of a two-family layout, existing first-floor tenancy, recent renovation history, and access to surrounding amenities gives the property a clear residential income profile.
Key Highlights
- Two‑family duplex with 2,398 square feet
- First‑floor residence occupied on a month‑to‑month tenancy
- Renovated a few years ago
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,643
Cap Rate
9.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$512,860
$512.9K
Cap Rate 7%
$366,329
$366.3K
Cap Rate 9%
$284,922
$284.9K
Market Conditions
NOI Build-Up for 2,398 SF
Gross rent
$38.8K $16.20/SF
− Vacancy
−$2.2K −$0.92/SF
EGI
$36.6K $15.28/SF
− OpEx
−$11.0K −$4.58/SF
NOI
$25.6K $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%
$512,860
Cap Rate 7%
$366,329
Cap Rate 9%
$284,922
Alternative Uses
Best Use
Multifamily LT 5
$366.3K
$320.5K – $427.4K
NOI $25,643 @ 7.0% cap · market cap 9.16%
Second Best
Apartment 5plus
$318.8K
$279.0K – $371.9K
NOI $22,316 @ 7.0% cap · market cap 7.97%
Theoretical Best
Office A
$514.7K
$450.3K – $600.4K
NOI $36,026 @ 7.0% cap · market cap 12.87%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,197
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - The property includes a month-to-month first-floor tenancy near shops, restaurants, parks, and public bus lines.
Where is this duplex located?
The property is located at 3424 Mckean Ave Saint Louis, MO.
What is the asking price?
The asking price for this property is $279,900.
What are key features of this property?
This property features: Two‑family duplex with 2,398 square feet; First‑floor residence occupied on a month‑to‑month tenancy; Renovated a few years ago
