Brick Duplex with Covered
New
For Sale
$385,000
3628 Fillmore Street, Saint Louis, MO 63116
Residential Income, St Louis, MO
Property Size2,860 SF
Lot Size0.11 Acres
Price / SF$134.62
Days on Market1
Property Features for 3628 Fillmore Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Basement, Bathroom 3, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bathroom 1
Parking
1
Parking features
Alley
Patio and Porch features
Porch, Patio
Interior features
Granite Counters, Kitchen Island, Storage
Fireplace
1
Basement
Full, Storage Space, Partially Finished, Interior Entry
Appliances
Stainless Steel Appliance(s), Range, Refrigerator
Subdivision
Grand Dover Place Add
Elementary school
Woerner 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
5867-00-0110-0
Size
2,860 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
GRAND DOVER PL ADDN LOT 12 C.B. 5687
Tax Annual Amount
3826
Legal Description
GRAND DOVER PL ADDN LOT 12 C.B. 5687
Utilities
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Amenities
landscaped garden
front porch
rear porch
covered deck
covered outdoor lounge with fireplace
patio
fountain
off-street parking
laundry area
built-in bookshelves
separate storage
Building Details
Year built
1928
Floors in Building
2
Number of units
2
Flooring type
Carpet, Tile - Ceramic
Building materials
Brick
Roof type
Shingle
Architectural style
Other
Additional Structures
Storage
Listing Agency:
Invest St. Louis
(314) 325-6201
Listed By:
Jordan Schoen · License #2009024331
(314) 255-5117
Added: Oct 4
Last Checked: Oct 4 at 10:06PM
MLS# 26063828
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 1928 brick duplex contains two apartments, each with two bedrooms and one full bathroom. The property totals 2,860 square feet, including 2,448 square feet above grade and 412 square feet in the finished lower level. Each apartment has an updated kitchen and bathroom, stainless steel appliances, and porch or deck access. The first-floor kitchen includes granite counters and an island; the upper apartment has separate living and dining rooms. The lower level adds a full bathroom, laundry area, storage, and flexible finished space. The former garage now provides storage and a covered outdoor seating area with a fireplace.
Front and rear porches, a patio, and a landscaped backyard with a fountain provide several outdoor areas. A new architectural shingle roof was installed in February 2026. Off-street parking is available at the rear, with alley access. The lot measures 0.1125 acres.
Front and rear porches, a patio, and a landscaped backyard with a fountain provide several outdoor areas. A new architectural shingle roof was installed in February 2026. Off-street parking is available at the rear, with alley access. The lot measures 0.1125 acres.
Key Highlights
- Two‑apartment duplex with four bedrooms and two full bathrooms across the units
- 2,860 total finished square feet: 2,448 above grade and 412 in the lower level
- Each apartment has an updated kitchen and bathroom, plus stainless steel appliances
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
$30,584
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
7.94%
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%
$611,680
$611.7K
Cap Rate 7%
$436,914
$436.9K
Cap Rate 9%
$339,822
$339.8K
Market Conditions
NOI Build-Up for 2,860 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
$46.3K $16.20/SF
− Vacancy
−$2.6K −$0.92/SF
EGI
$43.7K $15.28/SF
− OpEx
−$13.1K −$4.58/SF
NOI
$30.6K $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 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%
$611,680
Cap Rate 7%
$436,914
Cap Rate 9%
$339,822
Alternative Uses
Best Use
Multifamily LT 5
$436.9K
$382.3K – $509.7K
NOI $30,584 @ 7.0% cap · market cap 7.94%
Second Best
Apartment 5plus
$380.2K
$332.7K – $443.6K
NOI $26,615 @ 7.0% cap · market cap 6.91%
Theoretical Best
Office A
$613.8K
$537.1K – $716.1K
NOI $42,966 @ 7.0% cap · market cap 11.16%
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
495
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
Check the figures for this property
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 apartments offer four bedrooms combined, with updated kitchens and bathrooms in each unit.
Where is this duplex located?
The property is located at 3628 Fillmore Street Saint Louis, MO.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: Two‑apartment duplex with four bedrooms and two full bathrooms across the units; 2,860 total finished square feet: 2,448 above grade and 412 in the lower level; Each apartment has an updated kitchen and bathroom, plus stainless steel appliances
