Fully Renovated
New
For Sale
$229,900
3623 Bamberger Avenue St, Louis, MO 63116
MULTI_FAMILY - Other - St Louis, MO
Property Size2,250 SF
Lot Size0.08 Acres
Price / SF$102.18
Days on Market5
Property Features for 3623 Bamberger Avenue St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 4, Bedroom 3, Bathroom 2, Basement, Bathroom 1, Bedroom 2
Subdivision
South End Park Add
Elementary school
Oak Hill Elem.
Middle school
Fanning Middle Community Ed.
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
5623-00-0280-0
Size
2,250 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
891
Utilities
Cooling system
Central Air
Amenities
private parking pad
Building Details
Year built
1914
Floors in Building
2
Building materials
Brick
Architectural style
Other
Listing Agency:
EXP Realty, LLC
(866) 224-1761
Listed By:
Dustin Hoog · License #2013045456
(913) 908-8001
Added: Aug 17
Changed: Aug 18
Last Checked: Aug 21 at 2:06AM
MLS# 26052952
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.
Investment Insights
Based on property information with market context.
This 2,250-square-foot brick duplex contains two residences, each with two bedrooms and two bathrooms. The upper unit also includes a bonus room. Both units have been substantially updated, including new roofs, windows, furnaces, water heaters, plumbing, bathroom fixtures, and flooring in the lower unit. Kitchen appliances have also been replaced, and the property includes central air and rear parking.
Located at 3623 Bamberger Avenue in St. Louis, the property sits on a 0.0818-acre lot and was built in 1914. Both residences are currently leased, with the owner responsible for water, sewer, and trash service. The completed mechanical and interior improvements provide an income-producing duplex with current occupancy and recent infrastructure work already in place.
Located at 3623 Bamberger Avenue in St. Louis, the property sits on a 0.0818-acre lot and was built in 1914. Both residences are currently leased, with the owner responsible for water, sewer, and trash service. The completed mechanical and interior improvements provide an income-producing duplex with current occupancy and recent infrastructure work already in place.
Key Highlights
- Two‑unit duplex with 2,250 square feet of building area
- Each unit includes 2 bedrooms and 2 bathrooms; upper unit has a bonus room
- Both units are leased; owner pays water, sewer, and trash
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$20,939
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.11%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$418,780
$418.8K
Cap Rate 7%
$299,129
$299.1K
Cap Rate 9%
$232,656
$232.7K
Market Conditions
NOI Build-Up for 2,250 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$40.5K $18.00/SF
− Vacancy
−$2.4K −$1.08/SF
EGI
$38.1K $16.92/SF
− OpEx
−$17.1K −$7.61/SF
NOI
$20.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$418,780
Cap Rate 7%
$299,129
Cap Rate 9%
$232,656
Alternative Uses
Best Use
Multifamily LT 5
$343.7K
$300.8K – $401.0K
NOI $24,061 @ 7.0% cap · market cap 10.47%
Second Best
Apartment 5plus
$299.1K
$261.7K – $349.0K
NOI $20,939 @ 7.0% cap · market cap 9.11%
Theoretical Best
Office A
$482.9K
$422.5K – $563.4K
NOI $33,802 @ 7.0% cap · market cap 14.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
884
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Brick duplex with both residences leased and major building systems recently replaced.
Where is this duplex located?
The property is located at 3623 Bamberger Avenue St Louis, MO.
What is the asking price?
The asking price for this property is $229,900.
What are key features of this property?
This property features: Two‑unit duplex with 2,250 square feet of building area; Each unit includes 2 bedrooms and 2 bathrooms; upper unit has a bonus room; Both units are leased; owner pays water, sewer, and trash
