Duplex with
New
For Sale
$225,000
3923 Alexander St, Saint Louis, MO 63116
Both residences are leased month to month, with tenants covering utilities and lawn care.
Property Size1,843 SF
Price / SF$122.08
Days on Market2
Property Features for 3923 Alexander St
General Information
Standard status
Active
Size
1,843 SF
Property subtype
Multi-Family
Building Details
Year Built
1936
Listing Agency:
RE/MAX Results
Listed By:
DRG - Delhougne Realty Group
(636) 238-3830
Source:
Drgstl
Added: Oct 7
Last Checked: Oct 7 at 9:42AM
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 1936, this duplex contains two one-bedroom, one-bathroom residences, each measuring approximately 920 square feet. Each unit has a sunroom, a separate basement, and a bonus room, with walk-up access from the basement. The property also includes a private two-car garage entered from the alley and a fenced yard.
Both units are leased on month-to-month terms. Tenants pay water, sewer, electricity, trash, and gas, and handle lawn care.
Both units are leased on month-to-month terms. Tenants pay water, sewer, electricity, trash, and gas, and handle lawn care.
Key Highlights
- Two one‑bedroom, one‑bathroom units, approximately 920 square feet each
- Both units are leased on month‑to‑month terms
- Separate basement, bonus room, and sunroom in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,708
Cap Rate
8.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$394,160
$394.2K
Cap Rate 7%
$281,543
$281.5K
Cap Rate 9%
$218,978
$219.0K
Market Conditions
NOI Build-Up for 1,843 SF
Gross rent
$29.9K $16.20/SF
− Vacancy
−$1.7K −$0.92/SF
EGI
$28.2K $15.28/SF
− OpEx
−$8.4K −$4.58/SF
NOI
$19.7K $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%
$394,160
Cap Rate 7%
$281,543
Cap Rate 9%
$218,978
Alternative Uses
Best Use
Multifamily LT 5
$281.5K
$246.4K – $328.5K
NOI $19,708 @ 7.0% cap · market cap 8.76%
Second Best
Apartment 5plus
$245.0K
$214.4K – $285.9K
NOI $17,151 @ 7.0% cap · market cap 7.62%
Theoretical Best
Office A
$395.5K
$346.1K – $461.5K
NOI $27,688 @ 7.0% cap · market cap 12.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
832
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?
Duplex - Both residences are leased month to month, with tenants covering utilities and lawn care.
Where is this duplex located?
The property is located at 3923 Alexander St Saint Louis, MO.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Two one‑bedroom, one‑bathroom units, approximately 920 square feet each; Both units are leased on month‑to‑month terms; Separate basement, bonus room, and sunroom in each unit
