2-Unit Brick
For Sale
$200,000
3524 Minnesota Ave, Saint Louis, MO 63118
Both residential units are occupied, with rental income in place.
Property Size1,728 SF
Price / SF$115.74
Days on Market10
Property Features for 3524 Minnesota Ave
General Information
Standard status
Active
Size
1,728 SF
Property subtype
Residential Income
Occupancy
100%
Additional Details
Gross Income
$27,600
Multifamily Units
2
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$725
Building Details
Construction
all-brick
Listing Agency:
EXP Realty, LLC
(866) 224-1761
Listed By:
Peter Lu · License #2006036727
(314) 662-6578
Source:
Exprealty
Added: Oct 21
Changed: Oct 26
Last Checked: Oct 28 at 9:48AM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,728-square-foot duplex contains two residential units in an all-brick building. Both units are occupied, and the property generates rental income. The electrical panels were updated in 2012, and the water heaters were replaced in 2021.
The property is offered in as-is condition.
The property is offered in as-is condition.
Key Highlights
- 1,728‑square‑foot duplex with two residential units
- All‑brick construction
- Both units currently occupied with rental income
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,081
Cap Rate
8.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$321,620
$321.6K
Cap Rate 7%
$229,729
$229.7K
Cap Rate 9%
$178,678
$178.7K
Market Conditions
NOI Build-Up for 1,728 SF
Gross rent
$31.1K $18.00/SF
− Vacancy
−$1.9K −$1.08/SF
EGI
$29.2K $16.92/SF
− OpEx
−$13.2K −$7.61/SF
NOI
$16.1K $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%
$321,620
Cap Rate 7%
$229,729
Cap Rate 9%
$178,678
Alternative Uses
Best Use
Multifamily LT 5
$264.0K
$231.0K – $308.0K
NOI $18,479 @ 7.0% cap · market cap 9.24%
Second Best
Apartment 5plus
$229.7K
$201.0K – $268.0K
NOI $16,081 @ 7.0% cap · market cap 8.04%
Theoretical Best
Office A
$370.9K
$324.5K – $432.7K
NOI $25,960 @ 7.0% cap · market cap 12.98%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,387
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Both residential units are occupied, with rental income in place.
Where is this duplex located?
The property is located at 3524 Minnesota Ave Saint Louis, MO.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: 1,728‑square‑foot duplex with two residential units; All‑brick construction; Both units currently occupied with rental income
