6-Unit Apartment
New
For Sale
$895,000
3521-3525 Utah Street St, Louis, MO 63118
Residential Income, St Louis, MO
Property Size6,600 SF
Lot Size0.19 Acres
Price / SF$135.61
Days on Market7
Property Features for 3521-3525 Utah Street St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
12
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 4, Bathroom 2, Bathroom 1, Bedroom 7, Bedroom 6, Bathroom 6, Bedroom 5, Bedroom 3, Bedroom 9, Bedroom 10, Bathroom 3, Bedroom 11, Bedroom 4, Bedroom 12, Bedroom 2, Bathroom 5, Bedroom 1, Basement, Bedroom 8
Exterior features
Balcony
Basement
Concrete
Appliances
Stainless Steel Appliance(s), Cooktop, Dishwasher, Gas Range, Refrigerator, Washer/Dryer Stacked
Subdivision
Tower Grove East
Elementary school
Froebel Elem.
Middle school
Fanning Middle Community Ed.
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
1489-00-0210-0
Size
6,600 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
C.B. 1489 UTAH 66 FT X 127 FT 10 IN TOWER GROVE HEIGHTS AMENDED ADDN LOT 45-46
Tax Annual Amount
8360
Legal Description
C.B. 1489 UTAH 66 FT X 127 FT 10 IN TOWER GROVE HEIGHTS AMENDED ADDN LOT 45-46
Utilities
Heating system
Natural Gas
Cooling system
Central Air
Water source
Public
Amenities
in-unit washer/dryer
central heating and cooling
stainless steel appliances
off-street parking
fenced backyard
large decks
Building Details
Year built
1907
Floors in Building
2
Number of units
6
Flooring type
Hardwood
Building materials
Brick
Roof type
Flat
Architectural style
Other
Listing Agency:
Salient Realty Group, LLC
(314) 374-3687
Listed By:
Garen Lafser · License #2015014613
(314) 451-7471
Added: Sep 9
Changed: Sep 14
Last Checked: Sep 15 at 2:06AM
MLS# 26058112
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 6,600-square-foot apartment building contains 6 two-bedroom, one-bath units at 3521-3525 Utah Street in St. Louis. Built in 1907, the brick property has updated kitchens with stainless steel appliances, stacked washer and dryer units, updated plumbing and electrical systems, hardwood flooring, natural-gas heat, and central air conditioning. Each residence includes a private deck, while the property also offers off-street parking and a fenced backyard.
The building occupies 0.19 acres in the Tower Grove East area of St. Louis, with public water service and a flat roof. Residential features include refrigerators, dishwashers, gas ranges, cooktops, and in-unit laundry equipment. The six-unit layout provides consistent two-bedroom, one-bath configurations across the property.
The building occupies 0.19 acres in the Tower Grove East area of St. Louis, with public water service and a flat roof. Residential features include refrigerators, dishwashers, gas ranges, cooktops, and in-unit laundry equipment. The six-unit layout provides consistent two-bedroom, one-bath configurations across the property.
Key Highlights
- 6 units, each configured with 2 bedrooms and 1 bathroom
- 6,600‑square‑foot brick apartment building on 0.19 acres
- Updated kitchens with stainless steel appliances
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
$61,420
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
6.86%
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%
$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
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
$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 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%
$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.
Property Analytics
Current Use
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Updated units feature stainless appliances, in-unit laundry, and central heating and cooling.
Where is this apartment building located?
The property is located at 3521-3525 Utah Street St 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: 6 units, each configured with 2 bedrooms and 1 bathroom; 6,600‑square‑foot brick apartment building on 0.19 acres; Updated kitchens with stainless steel appliances
