Renovated Two-Unit
New
For Sale
$495,000
3648 Russell Blvd, Saint Louis, MO 63110
Two 2-bedroom, 2-bathroom residences offer updated kitchens, baths, and building systems.
Property Size3,067 SF
Price / SF$161.40
Days on Market3
Property Features for 3648 Russell Blvd
General Information
Standard status
Active
Size
3,067 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Building Details
Year Built
1906
Buildings
1
Listing Agency:
RE/MAX Results
Listed By:
DRG - Delhougne Realty Group
(636) 238-3830
Source:
Drgstl
Added: Oct 7
Last Checked: Oct 7 at 10:34AM
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 RE/MAX Results
Investment Insights
Based on property information with market context.
Built in 1906, this 3,067-square-foot duplex contains two residences, each with 2 bedrooms and 2 bathrooms. Renovations include refreshed kitchens and bathrooms, along with newer building systems. The second-floor residence is rented; the other unit is available for occupancy or leasing.
The property is near Tower Grove Park, restaurants, and shopping in St. Louis.
The property is near Tower Grove Park, restaurants, and shopping in St. Louis.
Key Highlights
- Two residential units, each with 2 bedrooms and 2 bathrooms
- 3,067‑square‑foot duplex
- Renovations include updated kitchens, bathrooms, and newer systems
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,797
Cap Rate
6.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$655,940
$655.9K
Cap Rate 7%
$468,529
$468.5K
Cap Rate 9%
$364,411
$364.4K
Market Conditions
NOI Build-Up for 3,067 SF
Gross rent
$49.7K $16.20/SF
− Vacancy
−$2.8K −$0.92/SF
EGI
$46.9K $15.28/SF
− OpEx
−$14.1K −$4.58/SF
NOI
$32.8K $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%
$655,940
Cap Rate 7%
$468,529
Cap Rate 9%
$364,411
Alternative Uses
Best Use
Multifamily LT 5
$468.5K
$410.0K – $546.6K
NOI $32,797 @ 7.0% cap · market cap 6.63%
Second Best
Apartment 5plus
$407.7K
$356.8K – $475.7K
NOI $28,542 @ 7.0% cap · market cap 5.77%
Theoretical Best
Office A
$658.2K
$576.0K – $767.9K
NOI $46,076 @ 7.0% cap · market cap 9.31%
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
1,100
Businesses Nearby
Explore this area
Business Placement
Demographics for 63110, MO
18,199
Population
10,260
Households
1.8
Avg Household Size
33
Median Age
64%
College-Educated
97%
High-School Grad
6.6 sq mi
ZIP Area
2,757
Density / Sq Mi
$73,809
Median Household Income
$55,340
Median Earnings
$1,183
Median Rent
$314,600
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 2-bedroom, 2-bathroom residences offer updated kitchens, baths, and building systems.
Where is this duplex located?
The property is located at 3648 Russell Blvd Saint Louis, MO.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Two residential units, each with 2 bedrooms and 2 bathrooms; 3,067‑square‑foot duplex; Renovations include updated kitchens, bathrooms, and newer systems
