6-Unit Apartment Building with
For Sale
$895,000
3521-3525 Utah Street, Saint Louis, MO 63118
Updated apartments include in-unit laundry, central heating and cooling, and off-street parking.
Property Size6,600 SF
Price / SF$135.61
Days on Market52
Property Features for 3521-3525 Utah Street
General Information
Standard status
Active
Size
6,600 SF
Property subtype
Residential Income
Units
Unit Mix
6 x 2BR/1BA
Multifamily Units
6
Taxes and HOA fees
Annual Taxes
$8,360
Amenities
off-street parking
fenced in backyard
large decks
in unit washer/dryer
central heating and cooling
Balcony
Building Details
Building Size
6,600 SF
Year Built
1907
Buildings
1
Stories
2
Units
6
Listing Agency:
Brown-Kortkamp Realty
Listed By:
Gail Brown
(314) 276-7515
Source:
Brown-kortkamp
Added: Sep 9
Changed: Oct 26
Last Checked: Oct 29 at 6:25PM
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 Brown-Kortkamp Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 6-unit apartment building contains six 2-bedroom, 1-bathroom apartments within 6,600 square feet. The units have updated kitchens with stainless steel appliances, in-unit washers and dryers, and central heating and cooling. Plumbing and electrical systems have also been updated. Residents have access to off-street parking, a fenced backyard, and large decks.
Built in 1907, the property is located in Tower Grove East in St. Louis, Missouri.
Built in 1907, the property is located in Tower Grove East in St. Louis, Missouri.
Key Highlights
- Six 2‑bedroom, 1‑bathroom apartments
- 6,600 square feet; built in 1907
- Updated kitchens with stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,420
Cap Rate
6.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,228,400
$1.2M
Cap Rate 7%
$877,429
$877.4K
Cap Rate 9%
$682,444
$682.4K
Market Conditions
NOI Build-Up for 6,600 SF
Gross rent
$118.8K $18.00/SF
− Vacancy
−$7.1K −$1.08/SF
EGI
$111.7K $16.92/SF
− OpEx
−$50.3K −$7.61/SF
NOI
$61.4K $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%
$1,228,400
Cap Rate 7%
$877,429
Cap Rate 9%
$682,444
Alternative Uses
Best Use
Apartment 5plus
$877.4K
$767.8K – $1.02M
NOI $61,420 @ 7.0% cap · market cap 6.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.42M
$1.24M – $1.65M
NOI $99,153 @ 7.0% cap · market cap 11.08%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
1,011
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
Frequently Asked Questions
What type of property is this?
Apartment building - Updated apartments include in-unit laundry, central heating and cooling, and off-street parking.
Where is this apartment building located?
The property is located at 3521-3525 Utah Street Saint Louis, MO.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Six 2‑bedroom, 1‑bathroom apartments; 6,600 square feet; built in 1907; Updated kitchens with stainless steel appliances
