Renovated Duplex with Furnished
For Sale
$220,000
3436 Pennsylvania Avenue, Saint Louis, MO 63118
The two-unit property pairs a two-level apartment with a furnished studio operating as a short-term rental.
Property Size1,927 SF
Price / SF$114.17
Days on Market127
Property Features for 3436 Pennsylvania Avenue
General Information
Standard status
Active
Size
1,927 SF
Total Parking Spaces
2
Property subtype
Residential Income
Additional Details
Furnished
Yes
Business Included
Yes
Multifamily Units
2
Currently Operating
Yes
Taxes and HOA fees
Annual Taxes
$1,858
Amenities
in-unit laundry hookups
Ceiling Fan(s)
Eat-in Kitchen
High Ceilings
Kitchen Island
Recessed Lighting
Building Details
Building Size
1,927 SF
Year Built
1893
Year Renovated
2025
Buildings
1
Stories
3
Units
2
Listing Agency:
Cathlee's Real Estate
(573) 860-4400
Listed By:
Chase Zancauske · License #2011005814
(573) 604-0085
Source:
Cathlees
Added: Jun 25
Changed: Oct 25
Last Checked: Oct 26 at 3:38AM
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 Cathlee's Real Estate
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Investment Insights
Based on property information with market context.
This 1,927-square-foot duplex contains two distinct units. The upper apartment spans two levels, with a main-floor bedroom, living room, eat-in kitchen, full bath, and laundry hookups. Upstairs are a second bedroom, an additional half bath, and a bonus room. The lower unit is a furnished studio currently used as a short-term rental, and both units have in-unit laundry hookups. Furnishings, decor, kitchenware, and operating items for the studio are included. The property was built in 1893 and received extensive renovations in 2025, including work to HVAC, electrical, plumbing, interiors, fixtures, and finishes.
The upper apartment is vacant and was previously leased for $1,500 per month. Historical operating information for the short-term rental is available to qualified buyers.
The upper apartment is vacant and was previously leased for $1,500 per month. Historical operating information for the short-term rental is available to qualified buyers.
Key Highlights
- Two‑unit duplex with a 1,927‑square‑foot total area
- Upper apartment has two bedrooms, 1.5 baths, and a bonus room across two levels
- Furnished lower‑level studio currently operates as a short‑term rental
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,933
Cap Rate
8.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$358,660
$358.7K
Cap Rate 7%
$256,186
$256.2K
Cap Rate 9%
$199,256
$199.3K
Market Conditions
NOI Build-Up for 1,927 SF
Gross rent
$34.7K $18.00/SF
− Vacancy
−$2.1K −$1.08/SF
EGI
$32.6K $16.92/SF
− OpEx
−$14.7K −$7.61/SF
NOI
$17.9K $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%
$358,660
Cap Rate 7%
$256,186
Cap Rate 9%
$199,256
Alternative Uses
Best Use
Multifamily LT 5
$294.4K
$257.6K – $343.5K
NOI $20,607 @ 7.0% cap · market cap 9.37%
Second Best
Apartment 5plus
$256.2K
$224.2K – $298.9K
NOI $17,933 @ 7.0% cap · market cap 8.15%
Theoretical Best
Office A
$413.6K
$361.9K – $482.5K
NOI $28,950 @ 7.0% cap · market cap 13.16%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,498
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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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - The two-unit property pairs a two-level apartment with a furnished studio operating as a short-term rental.
Where is this duplex located?
The property is located at 3436 Pennsylvania Avenue Saint Louis, MO.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: Two‑unit duplex with a 1,927‑square‑foot total area; Upper apartment has two bedrooms, 1.5 baths, and a bonus room across two levels; Furnished lower‑level studio currently operates as a short‑term rental
