All-Brick Two-Family
3515 Oregon Avenue St Louis, MO 63118
3515 Oregon Avenue St, Louis, MO, 63118
$245,000
For Sale
$245,000
MULTI_FAMILY - Other - St Louis, MO
Property Size1,976 SF
Lot Size0.08 Acres
Price / SF$123.99
Days on Market14
Property Features for 3515 Oregon Avenue St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Appliances
- Gas Water Heater
- Standard status
- Active
- APN
- 1574-00-0265-0
- Size
- 1,976 SF
- Lot size
- 0.08 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 1556
Utilities
- Heating system
- Forced Air, Natural Gas
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1923
- Number of units
- 2
- Building materials
- Brick
- Architectural style
- Other
Listing agency
Keller Williams Realty St. Louis
(314) 677-6000
Listed by
Hayley Tomazic · License #2018041484
(314) 677-6000
Added: Jul 10 Updated: Jul 22 at 7:36PM Checked: Jul 23 at 5:06AM
MLS# 26044151
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.
This move-in ready, all-brick two-family duplex has been thoughtfully updated while maintaining its classic look. The property features two spacious units with bright living spaces, updated finishes, and functional layouts. Separate entrances and separate utilities add convenience for day-to-day living and management.
Located at 3515 Oregon Avenue in St. Louis (63118), the property is positioned near Gravois Park and just minutes from Cherokee Street, Benton Park, and Tower Grove Park, with access to major highways for commuting and errands.
With two self-contained units in a solid brick building, this duplex is well suited to buyers seeking an income-producing residential property with straightforward separation of utilities.
Located at 3515 Oregon Avenue in St. Louis (63118), the property is positioned near Gravois Park and just minutes from Cherokee Street, Benton Park, and Tower Grove Park, with access to major highways for commuting and errands.
With two self-contained units in a solid brick building, this duplex is well suited to buyers seeking an income-producing residential property with straightforward separation of utilities.
Key Highlights
- All‑brick two‑family duplex built in 1923
- Central air with forced‑air natural gas heating
- Gas water heater plus public water service
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $32.0k | $16.20 |
| − Vacancy | −$1.8k | −$0.92 |
| EGI | $30.2k | $15.28 |
| − OpEx | −$9.1k | −$4.58 |
| NOI | $21.1k | $10.69 |
1,976 SF · lease $16.20/SF/yr · vacancy 5.70% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$301.9K
$264.1K – $352.2K
NOI $21,131 @ 7.0% cap · market cap 8.62%
Second Best
Apartment 5plus
$262.7K
$229.9K – $306.5K
NOI $18,389 @ 7.0% cap · market cap 7.51%
Theoretical Best
Office A
$424.1K
$371.1K – $494.8K
NOI $29,686 @ 7.0% cap · market cap 12.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Updated all-brick two-family with separate entrances and utilities, offered move-in ready for rental income.
Where is this duplex located?
The property is located at 3515 Oregon Avenue St Louis, MO.
What is the asking price?
The asking price for this property is $245,000.
What are key features of this property?
This property features: All‑brick two‑family duplex built in 1923; Central air with forced‑air natural gas heating; Gas water heater plus public water service
