All-Brick
For Sale
$279,900
4331 S 38th Street, Saint Louis, MO 63116
Two updated one-bedroom units offer separate laundry sets and shared basement space.
Property Size2,088 SF
Price / SF$134.05
Days on Market61
Property Features for 4331 S 38th Street
General Information
Standard status
Active
Size
2,088 SF
Total Parking Spaces
3
Property subtype
Residential Income
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$2,191
Amenities
stainless steel appliances
fenced yard
mature fruit trees
2-car garage
covered carport
new decks
new washer/dryer sets
additional full bathroom
Ceiling Fan(s)
Custom Cabinetry
Eat-in Kitchen
Granite Counters
Separate Dining
Tub
Balcony
Private Yard
Building Details
Building Size
2,088 SF
Year Built
1928
Buildings
1
Construction
all-brick
Listing Agency:
The Hermann London Group LLC
(314) 802-0797
Listed By:
Samona Washington · License #2006026613
(314) 800-7062
Source:
Grassmuckrealty
Added: Sep 2
Changed: Oct 30
Last Checked: Oct 26 at 8:34PM
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 The Hermann London Group LLC
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Investment Insights
Based on property information with market context.
This 2,088-square-foot brick duplex contains two one-bedroom, one-bathroom units. Interior updates include refinished hardwood floors, new windows, updated lighting, and kitchens with new cabinetry, granite countertops, contemporary flooring, and stainless steel appliances. The basement has a full bathroom and separate washer and dryer sets for each unit.
Recent work includes new decks and a replacement sewer lateral. The exterior includes a fenced yard with mature fruit trees, a two-car garage with remote access, and a covered carport. The property is at 4331 S 38th St in Saint Louis, Missouri.
Recent work includes new decks and a replacement sewer lateral. The exterior includes a fenced yard with mature fruit trees, a two-car garage with remote access, and a covered carport. The property is at 4331 S 38th St in Saint Louis, Missouri.
Key Highlights
- 2,088‑square‑foot brick duplex with two one‑bedroom, one‑bathroom units
- Updated kitchens include new cabinetry, granite countertops, contemporary flooring, and stainless steel appliances
- Basement features separate washer and dryer sets for each unit, plus a full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,328
Cap Rate
7.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$446,560
$446.6K
Cap Rate 7%
$318,971
$319.0K
Cap Rate 9%
$248,089
$248.1K
Market Conditions
NOI Build-Up for 2,088 SF
Gross rent
$33.8K $16.20/SF
− Vacancy
−$1.9K −$0.92/SF
EGI
$31.9K $15.28/SF
− OpEx
−$9.6K −$4.58/SF
NOI
$22.3K $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%
$446,560
Cap Rate 7%
$318,971
Cap Rate 9%
$248,089
Alternative Uses
Best Use
Multifamily LT 5
$319.0K
$279.1K – $372.1K
NOI $22,328 @ 7.0% cap · market cap 7.98%
Second Best
Apartment 5plus
$277.6K
$242.9K – $323.9K
NOI $19,431 @ 7.0% cap · market cap 6.94%
Theoretical Best
Office A
$448.1K
$392.1K – $522.8K
NOI $31,369 @ 7.0% cap · market cap 11.21%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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See the owner, sales and loan history
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
664
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
Frequently Asked Questions
What type of property is this?
Duplex - Two updated one-bedroom units offer separate laundry sets and shared basement space.
Where is this duplex located?
The property is located at 4331 S 38th Street Saint Louis, MO.
What is the asking price?
The asking price for this property is $279,900.
What are key features of this property?
This property features: 2,088‑square‑foot brick duplex with two one‑bedroom, one‑bathroom units; Updated kitchens include new cabinetry, granite countertops, contemporary flooring, and stainless steel appliances; Basement features separate washer and dryer sets for each unit, plus a full bathroom
