Renovated
New
For Sale
$280,000
3929 Pennsylvania Ave, Saint Louis, MO 63118
Each residence offers two bedrooms and one bath, with dedicated laundry areas planned in the basement.
Property Size2,346 SF
Price / SF$119.35
Days on Market7
Property Features for 3929 Pennsylvania Ave
General Information
Standard status
Active
Size
2,346 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
off-street parking
fully fenced backyard
walk-in closets
laundry space
Building Details
Year Built
1911
Buildings
1
Listing Agency:
Century 21 Ashland Realty
Listed By:
DRG - Delhougne Realty Group
(636) 238-3830
Source:
Drgstl
Added: Oct 24
Changed: Oct 28
Last Checked: Oct 28 at 7:41AM
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 Century 21 Ashland Realty
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Investment Insights
Based on property information with market context.
This 2,346-square-foot duplex, built in 1911, contains two residences with two bedrooms and one bathroom apiece. Extensive work completed within the last year includes new plumbing and electrical wiring, a 200-amp panel, two water heaters, separate HVAC systems, a replacement roof, and kitchens outfitted with stainless steel appliances. Luxury vinyl plank flooring runs throughout. The upper residence also features walk-in bedroom closets.
An unfinished basement provides a laundry area for each residence. Rear off-street parking and a fully fenced backyard are additional site features.
An unfinished basement provides a laundry area for each residence. Rear off-street parking and a fully fenced backyard are additional site features.
Key Highlights
- Two residences, each configured with 2 bedrooms and 1 bathroom
- 2,346‑square‑foot duplex built in 1911
- Major renovation work completed within the last year
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,087
Cap Rate
8.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$501,740
$501.7K
Cap Rate 7%
$358,386
$358.4K
Cap Rate 9%
$278,744
$278.7K
Market Conditions
NOI Build-Up for 2,346 SF
Gross rent
$38.0K $16.20/SF
− Vacancy
−$2.2K −$0.92/SF
EGI
$35.8K $15.28/SF
− OpEx
−$10.8K −$4.58/SF
NOI
$25.1K $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%
$501,740
Cap Rate 7%
$358,386
Cap Rate 9%
$278,744
Alternative Uses
Best Use
Multifamily LT 5
$358.4K
$313.6K – $418.1K
NOI $25,087 @ 7.0% cap · market cap 8.96%
Second Best
Apartment 5plus
$311.9K
$272.9K – $363.9K
NOI $21,832 @ 7.0% cap · market cap 7.80%
Theoretical Best
Office A
$503.5K
$440.6K – $587.4K
NOI $35,245 @ 7.0% cap · market cap 12.59%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
971
Businesses Nearby
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Business Placement
Demographics for 63118, MO
25,194
Population
14,770
Households
1.7
Avg Household Size
34
Median Age
38%
College-Educated
87%
High-School Grad
3.4 sq mi
ZIP Area
7,410
Density / Sq Mi
$57,268
Median Household Income
$44,717
Median Earnings
$952
Median Rent
$210,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence offers two bedrooms and one bath, with dedicated laundry areas planned in the basement.
Where is this duplex located?
The property is located at 3929 Pennsylvania Ave Saint Louis, MO.
What is the asking price?
The asking price for this property is $280,000.
What are key features of this property?
This property features: Two residences, each configured with 2 bedrooms and 1 bathroom; 2,346‑square‑foot duplex built in 1911; Major renovation work completed within the last year
