Two-Unit Duplex with
For Sale
$249,900
3537 Minnesota Ave, Saint Louis, MO 63118
Both residences have separate heating and cooling systems, with shared basement access and laundry hookups.
Property Size2,104 SF
Price / SF$118.77
Days on Market9
Property Features for 3537 Minnesota Ave
General Information
Standard status
Active
Size
2,104 SF
Total Parking Spaces
2
Property subtype
Residential Income
Occupancy
100%
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Cap Rate
9.32%
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$1,543
Building Details
Buildings
1
Tenancy
Multi
Listing Agency:
Real Broker LLC
(573) 520-3099
Listed By:
Yuliana Erazo Hidalgo · License #2018022001
(314) 783-6528
Source:
Exprealty
Added: Oct 12
Changed: Oct 19
Last Checked: Oct 19 at 2:43PM
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 Real Broker LLC
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Investment Insights
Based on property information with market context.
This 2,104-square-foot duplex contains two residences, each arranged with two bedrooms and one full bathroom. A two-car garage serves the property, and rear stairs connect both units to a basement with laundry hookups for tenant-supplied machines. Separate heating and cooling systems date to 2016; water heaters were replaced in 2026. Other improvements include updated electrical panels, PVC plumbing, and some vinyl replacement windows.
Both units are occupied. One lease runs through February 2027, while the other tenancy is month to month. Tenants pay gas and electricity; water, sewer, and trash are paid by the landlord. The stated 9.32% cap rate is based on current rental income and reported operating expenses.
Both units are occupied. One lease runs through February 2027, while the other tenancy is month to month. Tenants pay gas and electricity; water, sewer, and trash are paid by the landlord. The stated 9.32% cap rate is based on current rental income and reported operating expenses.
Key Highlights
- 2,104‑square‑foot duplex with two 2‑bedroom, 1‑bath units
- Two‑car garage
- Separate heating and cooling systems installed in 2016
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,499
Cap Rate
9.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$449,980
$450.0K
Cap Rate 7%
$321,414
$321.4K
Cap Rate 9%
$249,989
$250.0K
Market Conditions
NOI Build-Up for 2,104 SF
Gross rent
$34.1K $16.20/SF
− Vacancy
−$1.9K −$0.92/SF
EGI
$32.1K $15.28/SF
− OpEx
−$9.6K −$4.58/SF
NOI
$22.5K $10.69/SF
Area
St. Louis County, MO
Vacancy
5.70%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$449,980
Cap Rate 7%
$321,414
Cap Rate 9%
$249,989
Alternative Uses
Best Use
Multifamily LT 5
$321.4K
$281.2K – $375.0K
NOI $22,499 @ 7.0% cap · market cap 9.00%
Second Best
Apartment 5plus
$279.7K
$244.8K – $326.3K
NOI $19,580 @ 7.0% cap · market cap 7.84%
Theoretical Best
Office A
$451.6K
$395.1K – $526.8K
NOI $31,609 @ 7.0% cap · market cap 12.65%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,387
Businesses Nearby
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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
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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 residences have separate heating and cooling systems, with shared basement access and laundry hookups.
Where is this duplex located?
The property is located at 3537 Minnesota Ave Saint Louis, MO.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: 2,104‑square‑foot duplex with two 2‑bedroom, 1‑bath units; Two‑car garage; Separate heating and cooling systems installed in 2016
