Duplex with Two-Car
New
For Sale
$249,900
3537 Minnesota Avenue, Saint Louis, MO 63118
Residential Income, St Louis, MO
Property Size2,104 SF
Lot Size0.10 Acres
Price / SF$118.77
Days on Market2
Property Features for 3537 Minnesota Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1, Bedroom 2, Bedroom 4, Bedroom 3, Bedroom 1
Fireplace
1
Basement
Full, Unfinished, Walk-Out Access, Walk-Up Access
Subdivision
Murris Add
Elementary school
Froebel Elem.
Middle school
Long Middle Community Ed. Center
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
1579-00-0280-0
Size
2,104 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
1543
Utilities
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Amenities
laundry hookups
Building Details
Year built
1923
Flooring type
Hardwood, Tile, Laminate
Building materials
Brick
Architectural style
Other
Listing Agency:
Real Broker LLC
(573) 520-3099
Listed By:
Yuliana Erazo Hidalgo · License #2018022001
(314) 783-6528
Added: Oct 15
Changed: Oct 16
Last Checked: Oct 16 at 8:06PM
MLS# 26064670
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.
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Investment Insights
Based on property information with market context.
This 2,104-square-foot brick duplex, built in 1923, contains two units, each with 2 bedrooms and 1 full bathroom. A two-car garage serves the property. Each unit has separate rear-stair access to the basement, where laundry hookups are available for tenant-supplied machines.
Both units are occupied, with leases running through February 2027 and August 2027. Separate heating and cooling systems were installed in 2016; the listing also reports water heaters replaced in 2026, updated electrical panels, PVC plumbing, and some vinyl replacement windows. Tenants pay their own gas and electricity, and one unit also pays water and sewer.
Both units are occupied, with leases running through February 2027 and August 2027. Separate heating and cooling systems were installed in 2016; the listing also reports water heaters replaced in 2026, updated electrical panels, PVC plumbing, and some vinyl replacement windows. Tenants pay their own gas and electricity, and one unit also pays water and sewer.
Key Highlights
- Two occupied units, each with 2 bedrooms and 1 full bathroom
- 2,104 square feet on a 0.0962‑acre lot
- Two‑car garage
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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Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
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
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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 residences are occupied under leases extending into 2027.
Where is this duplex located?
The property is located at 3537 Minnesota Avenue 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: Two occupied units, each with 2 bedrooms and 1 full bathroom; 2,104 square feet on a 0.0962‑acre lot; Two‑car garage
