Updated 4-Unit Apartment
For Sale
$450,000
3683 Montana St, Saint Louis, MO 63116
Well-maintained quadplex with renovated interiors, covered porch, basement storage, and concrete parking serving all units.
Property Size3,942 SF
Price / SF$114.16
Days on Market103
Property Features for 3683 Montana St
General Information
Standard status
Active
Size
3,942 SF
Property subtype
Residential Income
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$2,282
Amenities
covered front porch
partial fencing
basement storage
Building Details
Buildings
1
Listing Agency:
RE/MAX Results
(314) 329-9010
Listed By:
Sarah Nguyen-Bani · License #2002004718
(314) 704-4282
Source:
Exprealty
Added: Jul 5
Changed: Oct 15
Last Checked: Oct 15 at 12:31AM
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.
This 3,942-square-foot quadplex contains four two-bedroom, one-bath units with open living, dining, and kitchen areas. The property has been well maintained and includes remodeled kitchens with updated appliances, refreshed bathrooms, new laminate flooring, can lighting, stained glass windows, and exposed brick accents. A covered front porch adds shared outdoor appeal, while the clean, unfinished basement provides storage space. All systems are within 5 years old.
Partial fencing surrounds the property, and level concrete parking is available for all units. The building is located near schools, Carondelet Park, restaurants, and shopping in Saint Louis, Missouri.
Partial fencing surrounds the property, and level concrete parking is available for all units. The building is located near schools, Carondelet Park, restaurants, and shopping in Saint Louis, Missouri.
Key Highlights
- Four units, each with 2 bedrooms and 1 bath
- 3,942‑square‑foot quadplex with open kitchen and living areas
- Remodeled kitchens feature updated appliances, finishes, cabinets, and counter space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,684
Cap Rate
8.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$733,680
$733.7K
Cap Rate 7%
$524,057
$524.1K
Cap Rate 9%
$407,600
$407.6K
Market Conditions
NOI Build-Up for 3,942 SF
Gross rent
$71.0K $18.00/SF
− Vacancy
−$4.3K −$1.08/SF
EGI
$66.7K $16.92/SF
− OpEx
−$30.0K −$7.61/SF
NOI
$36.7K $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%
$733,680
Cap Rate 7%
$524,057
Cap Rate 9%
$407,600
Alternative Uses
Best Use
Multifamily LT 5
$602.2K
$526.9K – $702.6K
NOI $42,154 @ 7.0% cap · market cap 9.37%
Second Best
Apartment 5plus
$524.1K
$458.6K – $611.4K
NOI $36,684 @ 7.0% cap · market cap 8.15%
Theoretical Best
Office A
$846.0K
$740.3K – $987.0K
NOI $59,222 @ 7.0% cap · market cap 13.16%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
798
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?
Quadplex - Well-maintained quadplex with renovated interiors, covered porch, basement storage, and concrete parking serving all units.
Where is this quadplex located?
The property is located at 3683 Montana St Saint Louis, MO.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Four units, each with 2 bedrooms and 1 bath; 3,942‑square‑foot quadplex with open kitchen and living areas; Remodeled kitchens feature updated appliances, finishes, cabinets, and counter space
