Duplex with Updated
New
For Sale
$279,900
4331 S 38th Street, Saint Louis, MO 63116
Residential Income, St Louis, MO
Property Size2,088 SF
Lot Size0.10 Acres
Price / SF$134.05
Days on Market2
Property Features for 4331 S 38th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Dining Room, Bathroom 2, Bathroom 1, Bedroom 1, Basement, Bedroom 2
Parking
3
Parking features
Off Street, Open, Alley, Carport, Garage
Patio and Porch features
Deck, Patio, Porch
Interior features
Ceiling Fan(s), Custom Cabinetry, Eat-in Kitchen, Granite Counters, Separate Dining, Tub
Exterior features
Balcony, Private Yard
Appliances
Stainless Steel Appliance(s), Microwave, Free-Standing Electric Range, Free-Standing Gas Range, Free-Standing Refrigerator
Subdivision
Cleveland
Lot features
Back Yard, Corner Lot, Front Yard, Landscaped, Level
Elementary school
Meramec Elem.
Middle school
Long Middle Community Ed. Center
High school
Roosevelt High
Elementary school district
St. Louis City
Middle school district
St. Louis City
High school district
St. Louis City
Directions
GPS Friendly
Standard status
Active
APN
5676-00-0160-0
Size
2,088 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
C. B. 5676 38TH ST 35 FT 7 IN X 128 FT CLEVELAND SUB ADDN BLOCK 5 LOT S10
Tax Annual Amount
2191
Legal Description
C. B. 5676 38TH ST 35 FT 7 IN X 128 FT CLEVELAND SUB ADDN BLOCK 5 LOT S10
Utilities
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Amenities
fenced yard
mature fruit trees
2-car garage
covered carport
washer/dryer in each unit
additional full bathroom in basement
stainless steel appliances
Building Details
Year built
1928
Flooring type
Wood, Tile
Building materials
Brick
Roof type
Shingle
Architectural style
Other
Buildings
1
Listing Agency:
The Hermann London Group LLC
(314) 802-0797
Listed By:
Samona Washington
(314) 800-7062
Added: Oct 28
Last Checked: Oct 29 at 1:06PM
MLS# 26056731
Copyright © 2026 Mid America Regional Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2,088-square-foot, all-brick duplex dates to 1928 and contains two one-bedroom, one-bathroom units. Interior finishes include refinished wood floors, updated lighting, neutral paint, and new windows. Both kitchens have new cabinetry, granite counters, contemporary flooring, and stainless steel appliances; the upper unit also features gray cabinetry, gold hardware, and a tile backsplash. The basement provides separate washer and dryer sets for each unit, plus an additional full bathroom.
Recent work includes new decks and a new sewer lateral. The property occupies 0.1028 acres and has a fenced yard with mature fruit trees, a two-car garage with remote access, and a covered carport. Off-street parking is available, and the first-floor unit’s furniture is negotiable. The units have passed occupancy inspections.
Recent work includes new decks and a new sewer lateral. The property occupies 0.1028 acres and has a fenced yard with mature fruit trees, a two-car garage with remote access, and a covered carport. Off-street parking is available, and the first-floor unit’s furniture is negotiable. The units have passed occupancy inspections.
Key Highlights
- Two units, each with 1 bedroom and 1 bathroom
- 2,088 square feet on a 0.1028‑acre lot
- All‑brick construction, built in 1928
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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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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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two one-bedroom residences include separate laundry sets and shared basement amenities.
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: Two units, each with 1 bedroom and 1 bathroom; 2,088 square feet on a 0.1028‑acre lot; All‑brick construction, built in 1928
