For Sale
$240,000
3523 Cherokee St, Saint Louis, MO 63118
Both residential units are occupied, providing an existing tenant base.
Property Size2,116 SF
Price / SF$113.42
Days on Market20
Property Features for 3523 Cherokee St
General Information
Standard status
Active
Size
2,116 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$2,432
Listing Agency:
EXP Realty, LLC
(866) 224-1761
Listed By:
Noah Steinbaum
(314) 607-3259
Source:
Exprealty
Added: Sep 29
Changed: Oct 17
Last Checked: Oct 16 at 1:21PM
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 EXP Realty, LLC
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Investment Insights
Based on property information with market context.
This 2,116-square-foot duplex in St. Louis was built in 1915. The property is occupied by tenants, giving the next owner an established residential tenancy at closing.
Key Highlights
- Two‑unit residential property
- 2,116 square feet of building area
- Built in 1915
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,691
Cap Rate
8.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$393,820
$393.8K
Cap Rate 7%
$281,300
$281.3K
Cap Rate 9%
$218,789
$218.8K
Market Conditions
NOI Build-Up for 2,116 SF
Gross rent
$38.1K $18.00/SF
− Vacancy
−$2.3K −$1.08/SF
EGI
$35.8K $16.92/SF
− OpEx
−$16.1K −$7.61/SF
NOI
$19.7K $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%
$393,820
Cap Rate 7%
$281,300
Cap Rate 9%
$218,789
Alternative Uses
Best Use
Multifamily LT 5
$323.3K
$282.9K – $377.1K
NOI $22,628 @ 7.0% cap · market cap 9.43%
Second Best
Apartment 5plus
$281.3K
$246.1K – $328.2K
NOI $19,691 @ 7.0% cap · market cap 8.20%
Theoretical Best
Office A
$454.1K
$397.4K – $529.8K
NOI $31,789 @ 7.0% cap · market cap 13.25%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,061
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Both residential units are occupied, providing an existing tenant base.
Where is this duplex located?
The property is located at 3523 Cherokee St Saint Louis, MO.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: Two‑unit residential property; 2,116 square feet of building area; Built in 1915
