Duplex with Detached
For Sale
$350,000
3617 Wilmington Ave, Saint Louis, MO 63116
Two-bedroom layouts feature spacious kitchens and baths, original hardwood floors, and newer windows.
Property Size3,158 SF
Price / SF$110.83
Days on Market74
Property Features for 3617 Wilmington Ave
General Information
Standard status
Active
Size
3,158 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 2BR
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,287
Listing Agency:
Realty Exchange
(314) 647-2220
Listed By:
Andy Scott · License #2008032735
(314) 323-3831
Source:
Exprealty
Added: Jul 29
Changed: Oct 4
Last Checked: Oct 9 at 8:08PM
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 Realty Exchange
Investment Insights
Based on property information with market context.
Located at 3617 Wilmington Ave in Saint Louis, this 3,158 SF duplex contains two two-bedroom units with practical residential layouts. Each unit includes a spacious kitchen and bath, while original hardwood flooring and newer windows add established character and updated functionality. A detached garage serves the property.
The first-floor residence is vacant, creating flexibility for an owner-occupant or a new tenant. The second-floor unit provides rental income, giving the property an existing two-unit configuration with one available residence and one income-producing unit.
The first-floor residence is vacant, creating flexibility for an owner-occupant or a new tenant. The second-floor unit provides rental income, giving the property an existing two-unit configuration with one available residence and one income-producing unit.
Key Highlights
- 3,158 SF duplex with two two‑bedroom units
- First‑floor unit is vacant for occupancy or leasing
- Second‑floor unit provides rental income
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,388
Cap Rate
8.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$587,760
$587.8K
Cap Rate 7%
$419,829
$419.8K
Cap Rate 9%
$326,533
$326.5K
Market Conditions
NOI Build-Up for 3,158 SF
Gross rent
$56.8K $18.00/SF
− Vacancy
−$3.4K −$1.08/SF
EGI
$53.4K $16.92/SF
− OpEx
−$24.0K −$7.61/SF
NOI
$29.4K $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 Rate 5%
$587,760
Cap Rate 7%
$419,829
Cap Rate 9%
$326,533
Alternative Uses
Best Use
Multifamily LT 5
$482.4K
$422.1K – $562.8K
NOI $33,770 @ 7.0% cap · market cap 9.65%
Second Best
Apartment 5plus
$419.8K
$367.4K – $489.8K
NOI $29,388 @ 7.0% cap · market cap 8.40%
Theoretical Best
Office A
$677.8K
$593.0K – $790.7K
NOI $47,443 @ 7.0% cap · market cap 13.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
469
Businesses Nearby
Explore this area
Business Placement
Demographics for 63116, MO
41,959
Population
22,394
Households
1.9
Avg Household Size
37
Median Age
37%
College-Educated
90%
High-School Grad
5.4 sq mi
ZIP Area
7,770
Density / Sq Mi
$60,193
Median Household Income
$42,012
Median Earnings
$946
Median Rent
$161,100
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two-bedroom layouts feature spacious kitchens and baths, original hardwood floors, and newer windows.
Where is this duplex located?
The property is located at 3617 Wilmington Ave Saint Louis, MO.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 3,158 SF duplex with two two‑bedroom units; First‑floor unit is vacant for occupancy or leasing; Second‑floor unit provides rental income
