6-Unit Apartment
3648 Shenandoah Avenue, Saint Louis, MO 63110
For Sale
$449,000
Three residences on each level connect directly to the unfinished basement.
Property Size2,802 SF
Price / SF$160.24
Days on Market223
Property Features for 3648 Shenandoah Avenue
General Information
Standard status
Size
Property subtype
Occupancy
Additional Details
Utilities to Site
Multifamily Units
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
Rivers Realty
Listed By:
Jay Rios · License #2011004671
(314) 486-0231
Source:
Janetmcafee
Added: Apr 1
Changed: Nov 9
Last Checked: Nov 8 at 8:21PM
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 Rivers Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The offering comprises the west half of a multifamily building with 2,802 square feet and six apartments, arranged three per floor. The property was built in 1906. Common hallways on the first and second floors have been updated, with additional improvements made in two apartments. Each floor has direct access to the unfinished basement. The building is fully occupied, and the owner currently covers tenant utilities. There is no laundry facility on site.
Key Highlights
- Six apartments across the west half of the building, with three on each floor
- 2,802 square feet; built in 1906
- Fully occupied; owner pays tenant utilities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,075
Cap Rate
5.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$521,500
$521.5K
Cap Rate 7%
$372,500
$372.5K
Cap Rate 9%
$289,722
$289.7K
Market Conditions
NOI Build-Up for 2,802 SF
Gross rent
$50.4K $18.00/SF
− Vacancy
−$3.0K −$1.08/SF
EGI
$47.4K $16.92/SF
− OpEx
−$21.3K −$7.61/SF
NOI
$26.1K $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%
$521,500
Cap Rate 7%
$372,500
Cap Rate 9%
$289,722
Alternative Uses
Best Use
Apartment 5plus
$372.5K
$325.9K – $434.6K
NOI $26,075 @ 7.0% cap · market cap 5.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$601.4K
$526.2K – $701.6K
NOI $42,095 @ 7.0% cap · market cap 9.38%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
6
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
661
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
$314,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Apartment buildings in St. Louis County, MO
Properties on Market for Apartment buildings in St. Louis County
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Three residences on each level connect directly to the unfinished basement.
Where is this apartment building located?
The property is located at 3648 Shenandoah Avenue Saint Louis, MO.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Six apartments across the west half of the building, with three on each floor; 2,802 square feet; built in 1906; Fully occupied; owner pays tenant utilities
