Renovated Duplex with Furnished
For Sale
$220,000
3436 Pennsylvania Avenue St, Louis, MO 63118
Residential Income, St Louis, MO
Property Size1,927 SF
Lot Size0.07 Acres
Price / SF$114.17
Days on Market50
Property Features for 3436 Pennsylvania Avenue St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
3
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bedroom 3, Basement, Bathroom 3, Bedroom 1, Bedroom 2, Bathroom 2
Parking
2
Parking features
Carport, On Street, Alley, Side By Side, Covered
Window features
Double Pane Windows
Interior features
Ceiling Fan(s), Eat-in Kitchen, High Ceilings, Kitchen Island, Recessed Lighting
Fencing
Fenced
Basement
Walk-Out Access, Unfinished
Appliances
Dishwasher, Microwave, Gas Range, Refrigerator
Subdivision
Cherokee Place Add
Elementary school
Froebel Elem.
Middle school
Long Middle Community Ed. Center
High school
Roosevelt High
Elementary school district
St. Louis City
Middle school district
St. Louis City
High school district
St. Louis City
Standard status
Active
APN
1576-00-00800
Size
1,927 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
1858
Utilities
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Amenities
in-unit laundry hookups
Building Details
Year built
1893
Floors in Building
3
Number of units
2
Flooring type
Vinyl
Building materials
Brick
Roof type
Flat
Architectural style
Victorian
Listing Agency:
Real Broker LLC
(573) 520-3099
Listed By:
Yuliana Erazo Hidalgo · License #2018022001
(855) 450-0442
Added: Jul 22
Changed: Sep 6
Last Checked: Sep 9 at 12:06PM
MLS# 26037534
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.
Investment Insights
Based on property information with market context.
Located at 3436 Pennsylvania Avenue in St. Louis, this 1,927-square-foot duplex combines a two-level upper residence with a furnished studio on the lower level. The upper unit includes an eat-in kitchen, living room, full bath, laundry hookups, and one bedroom on the main floor, plus a second bedroom, half bath, and bonus room upstairs. Both units have in-unit laundry hookups.
The lower studio is operating as a short-term rental, with furnishings, decor, kitchenware, and operating items included. The property received an extensive renovation in 2025, with updates to HVAC, electrical, plumbing, interior finishes, and fixtures. Brick construction, Victorian architecture, central air, forced-air heating, a fenced lot, and covered parking are additional property features. The upper unit is currently vacant.
The lower studio is operating as a short-term rental, with furnishings, decor, kitchenware, and operating items included. The property received an extensive renovation in 2025, with updates to HVAC, electrical, plumbing, interior finishes, and fixtures. Brick construction, Victorian architecture, central air, forced-air heating, a fenced lot, and covered parking are additional property features. The upper unit is currently vacant.
Key Highlights
- 1,927 SF duplex on a 0.07‑acre lot
- Extensive renovation completed in 2025, including HVAC, electrical, plumbing, interiors, fixtures, and finishes
- Furnished lower‑level studio operating as a short‑term rental
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$17,933
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.15%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,498
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Brick Victorian property includes a two-level upper residence and an operating furnished short-term rental unit.
Where is this duplex located?
The property is located at 3436 Pennsylvania Avenue St 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: 1,927 SF duplex on a 0.07‑acre lot; Extensive renovation completed in 2025, including HVAC, electrical, plumbing, interiors, fixtures, and finishes; Furnished lower‑level studio operating as a short‑term rental
