Traditional

3628 Arkansas Avenue

St Louis, MO 63118

MLS#: 26057490

$314,900

Status: Active

Listing number: 26057490

Listing provided by: Gateway Real Estate

Listing agent phone: None

Last update: 4 hours ago

New on site today

Browse Properties

Email
Pinterest
Facebook
X
Print

Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1960

Sq.Footage

2,670

Excellent investment opportunity at 3628-3630 Arkansas Ave! This fully occupied 4-family property offers four 1-bedroom, 1-bath units, providing immediate rental income from day one. Each unit is currently rented at $750 per month, generating $3,000 in gross monthly income and $36,000 in annual gross rental income. Offered at $314,900, the property provides an attractive 11.43% gross rent yield based on current rents. Three of the four units are currently occupied by Section 8 tenants, providing an established rental history and income stream. Tenants are responsible for their own electric and gas utilities. Owner pays water, sewer, trash, and landscaping. A great opportunity for an investor looking to add a fully occupied multifamily asset to their portfolio with existing management and tenants already in place. Please do not disturb tenants. Property to be sold subject to tenants' rights. Buyer to verify all financial information, rents, expenses, and property details.

Features & Amenities

Interior

Total Bedrooms

N/A
Bathrooms

N/A
Above Grade Finished Area

2670.0
Basement YN

YES
Cooling YN

YES
Cooling

Ceiling Fan(s), Central Air
Fireplace YN

NO
Heating YN

YES
Heating

Forced Air, Natural Gas
Pet friendly

N/A

Exterior

Garage

No
Construction Materials

Brick
Parking

Alley Access, Off Street, On Street, Parking Pad
Pool

No
Waterfront YN

NO

Area & Lot

Lot Features

Back Yard, City Lot, Few Trees
Lot Size(acres)

0.1148
Lot Size(square feet)

5,000
Property Type

Residential Income
Property Sub Type

Multi Family
Architectural Style

Traditional

Price

Sales Price

$314,900
Tax Amount

$1,960
Sq. Footage

2,670
Price/SqFt

$117

HOA

Association

No

School District

Elementary School

Froebel Elem.
Middle School

Fanning Middle Community Ed.
High School

Roosevelt High

Property Features

New Construction

NO
Ownership

Private
Senior Community YN

NO
Water Source

Public

Schedule a Showing

Showing scheduled successfully.

IN PERSON

VIA CHAT

Mortgage calculator

Estimate your monthly mortgage payment, including the principal and interest, property taxes, and HOA. Adjust the values to generate a more accurate rate.

Home price($)

Down payment(%)

Interest rate(%)

Loan term(years)

Property tax($ per month)

HOA fees($)

Your payment

Principal and Interest:

Property taxes:

HOA fees:

Total loan payment:

Total interest amount:

Location

County

St Louis City

Elementary School

Froebel Elem.

Middle School

Fanning Middle Community Ed.

High School

Roosevelt High

Listing Courtesy of Miranda Hedrick, Gateway Real Estate

RealHub Information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. RealHub website owner shall not be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

Agent / Realtor®

Erica Holtschneider

Call Erica today to schedule a private showing.

(573) 286-8065

erica@homeatthelake.com

* Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request.© 2024 FMLS.

Excellent investment opportunity at 3628-3630 Arkansas Ave! This fully occupied 4-family property offers four 1-bedroom, 1-bath units, providing immediate rental income from day one. Each unit is currently rented at $750 per month, generating $3,000 in gross monthly income and $36,000 in annual gross rental income.

Offered at $314,900, the property provides an attractive 11.43% gross rent yield based on current rents. Three of the four units are currently occupied by Section 8 tenants, providing an established rental history and income stream.

Tenants are responsible for their own electric and gas utilities. Owner pays water, sewer, trash, and landscaping.

A great opportunity for an investor looking to add a fully occupied multifamily asset to their portfolio with existing management and tenants already in place. Please do not disturb tenants. Property to be sold subject to tenants' rights. Buyer to verify all financial information, rents, expenses, and property details.

3628 Arkansas Avenue

Message successfully sent.

First Name

Last Name

Phone

What would you like to know?

What is 3 + 4 ?

I agree to receive email communication and understand I can unsubscribe at any time.

I agree to be contacted by Rock Island Realty via call, email, and text for real estate services. To opt out, you can reply 'stop' at any time or reply 'help' for assistance. You can also click the unsubscribe link in the emails. Message and data rates may apply. Message frequency may vary. Privacy Policy

Related Properties

New on site today

Open House Sunday 1-3pm. Charming 2-Family with Prime Location Near Tower Grove Park & Missouri Botanical Garden!

Perfect for the owner-occupant or savvy investor, this charming 2-family property is ideally located within walking distance of the Missouri Botanical Garden and Tower Grove Park. Each 1-bedroom unit offers a comfortable layout with a kitchen featuring stainless steel appliances, a spacious living room, and an additional flexible space just off the kitchen—perfect for a home office, dining area, or cozy sitting room.

Both units have been freshly painted and are ready for their new occupants. The full basement provides washer/dryer hookups for both units, along with plenty of additional storage space.

Step outside and enjoy the cute backyard, perfect for summer barbecues, entertaining friends, or relaxing outdoors. A fantastic two-car garage adds even more value and convenience.

Upstairs unit provides a wonderful private balcony overlooking the beautiful tree-lined street—the perfect spot for morning coffee or unwinding at the end of the day.

With its old-world charm, modern amenities, fantastic location, and income potential, this property is a wonderful opportunity for an owner-occupant looking to offset their mortgage or an investor looking to add a solid property to their portfolio.

Great location. Great opportunity. Great potential!

St Louis

4533 Flad Avenue

None Beds

None Baths

1,748 Sq.Ft.

$338,900

MLS#: 26055976

Well-maintained 4-unit investment opportunity in the heart of Princeton Heights. This professionally managed property features a new roof along with updated electrical and plumbing systems, providing a strong foundation for the next owner. Three units are currently under new leases, with one unit on a month-to-month tenancy, offering flexibility for an investor or owner looking to reposition the asset.

Additional upside remains through future rent increases, making this an attractive value-add opportunity in a desirable South St. Louis location. Tenants benefit from off-street parking for up to four vehicles. Conveniently located near neighborhood amenities, major thoroughfares, parks, dining, and shopping.

St Louis

4939 Eichelberger

None Beds

None Baths

3,300 Sq.Ft.

$315,000

MLS#: 26056967

New on site 4 days ago

Opportunity awaits in the heart of Shaw! This well-located duplex right across the street from Tower Grove Park offers an ideal combination of existing rental income, owner-occupant potential, and room to add value. Whether you're looking to expand your investment portfolio or live in one unit while generating rental income from the other, 2347 Klemm St offers flexibility to fit your strategy.

The 2nd-floor unit is currently occupied by a good-standing long-term tenant with a lease through April 30, 2027, providing immediate rental income and stability from day one. The 2F also features in-unit laundry, an attractive amenity for tenants and a valuable feature for long-term rental appeal. This unit features two large bedrooms, one smaller bedroom and one full bath.

The 1st-floor unit is recently vacant, providing an opportunity for a new owner to refresh and update the space to their preferences. The spacious first floor features two large bedrooms, an additional pass-through/bonus room, 1.5 baths, original flooring, and access to laundry hookups in the basement. Investors can capitalize on the vacant unit's potential to improve the property and maximize future rental income, while owner-occupants can make the first floor their home and benefit from rental income generated by the established 2nd-floor tenant.

Located in the sought-after Shaw neighborhood, this duplex provides a compelling opportunity to own an income-producing property with flexibility and upside.

Whether you're a seasoned investor or a buyer looking for a smart way to offset your housing costs, this property offers the opportunity to build value while benefiting from an established rental arrangement.

St Louis

2347 Klemm Street

None Beds

None Baths

3,186 Sq.Ft.

$349,000

MLS#: 26057257

Opportunity knocks with this 4 family in Northampton. Property needs some TLC but has a ton of potential. 1 bedroom units with basement access and a detached garage. Property is being sold "as is". All offers should be written on a special sales contract. Utilities are not on so please use caution when showing. Seller will not make any repairs or provide any inspections including occupancy.

St Louis

5018 Mardel Avenue

None Beds

None Baths

3,404 Sq.Ft.

$369,900

MLS#: 26054888

This charming brick two-family property offers classic South City character, spacious interiors, and an exciting opportunity for both investors and owner-occupants. Each unit features 2 bedrooms and 1 full bath, with generous living spaces, separate dining areas, beautiful hardwood flooring, crown molding, built-in details, and abundant natural light throughout. The interior was updated approximately 20 years ago and offers a bright, neutral foundation ready for its next owner’s personal touch. Behind the scenes, the property features PVC plumbing, an updated 150-amp electrical panel, and newer water heaters. The HVAC system is approximately 20 years old. The kitchen presents a unique opportunity to customize the space to suit your style. Seller is open to negotiating the installation of kitchen finishes as part of the sale, with the purchase price adjusted accordingly based on mutually agreed-upon finishes and scope of work. Renderings are available to showcase the potential of the finished space. Additional features include central air, forced-air natural gas heating, an unfinished walk-up basement with laundry, and a two-car carport. Whether you're looking to expand your investment portfolio, live in one unit while generating income from the other, or create a flexible multi-generational living arrangement, 5241 Sutherland offers character, versatility, and plenty of potential in a classic St. Louis setting.
*Seller is open to negotiating the installation of kitchen finishes as part of the sale. Should the buyer select to have the kitchen completed, the purchase price will be adjusted accordingly based on the mutually agreed-upon finishes and scope of work. Seller is willing to negotiate an agreed-upon price for the completed kitchen.

St Louis

5241 Sutherland Avenue

None Beds

None Baths

2,300 Sq.Ft.

$300,000

MLS#: 26023345

Beautifully Renovated All-Brick Duplex – Dutchtown | Turnkey & Move-In Ready Fully updated all-brick duplex offering two spacious 1-bedroom, 1-bath units, both move-in ready with passed occupancy inspections. This is a true turnkey property with no deferred maintenance—just move in and start enjoying immediate value. Live in one unit while generating income from the other or add this turnkey property to your investment portfolio. Each unit features refinished hardwood floors, fresh neutral paint, updated lighting, and new windows throughout. Original stained-glass accents maintain classic South City charm while blending seamlessly with modern finishes. The kitchens in both units are fully updated with new cabinetry, granite countertops, contemporary flooring, and stainless steel appliances. The upper unit offers a more elevated design with gray cabinetry, gold hardware, and a stylish tile backsplash—ideal for premium rental income or an owner’s suite. Recent major improvements include new windows throughout, new decks and a new sewer lateral, providing long-term peace of mind. The clean, open basement includes separate new washer/dryer sets for each unit, along with an additional full bathroom, adding convenience and functionality for occupants. The first-floor unit furniture is negotiable, offering an easy, immediate move-in option for an owner-occupant or investor seeking a fully furnished rental. Exterior highlights include a fenced yard with mature fruit trees, a 2-car garage with remote access, and a covered carport providing ample off-street parking. Live in one unit and rent the other, or add a solid, low-maintenance asset to your portfolio. Conveniently located near parks, dining, shopping, and major highways. Nothing to do but move in—schedule your private showing today.

St Louis

4331 S 38th Street

None Beds

None Baths

2,088 Sq.Ft.

$279,900

MLS#: 26056731

Outstanding investment opportunity to add to your real estate portfolio in Benton Park West. This brick 4-family building is just steps from the vibrant energy of Cherokee Street. Each of the four oversized units features historic charm with tall ceilings, spacious rooms, and large kitchens with pantries. Private rear decks for every unit and a prime location near public transit and walkability to shops and restaurants.

St Louis

3343 Virginia Avenue

None Beds

None Baths

3,744 Sq.Ft.

$299,900

MLS#: 26054802

For Sale By Owner! I am a licensed Real Estate Agent with Fisher & Company. Well-maintained two-family property in the heart of South City. The first-floor unit is vacant and ready for immediate occupancy after closing, while the owner currently occupies the second-floor unit. Major updates include a new roof (2011), new A/C units (2018), thermal windows, new front doors, a new sewer line from the building to the main, and a 6-foot vinyl privacy fence. Additional features include a detached garage with opener and basement laundry.

Ideally situated on Morganford between Utah and Humphrey, this property is within walking distance of Tower Grove Park and the many popular restaurants, bars, coffee shops, and local businesses that make the Morganford district so desirable. Whether you're looking to owner-occupy while generating rental income or add to your investment portfolio, this property offers a fantastic opportunity in a sought-after location.

Property is being sold As-Is. Seller requests up to 30 days possession after closing to vacate the second-floor unit. Buyer will have immediate access to the vacant first-floor unit at closing.

St Louis

3255 Morganford Road

None Beds

None Baths

2,370 Sq.Ft.

$315,000

MLS#: 26054330

2 Family, 2 bedroom,1 Bath charming brick duplex in the Clifton Heights neighborhood! Each unit offers 2 bedroom and 1 full bath, filled with abundant natural light, spacious living areas, and a separate dining room for added functionality. The extra large eat-in kitchens feature lots of cabinets, and a pantry. Both bathrooms include a shower/tub combo. Second bedroom located off the kitchen provides flexible space—could also be the perfect home office. Additional highlights include shared basement access with laundry and storage, plus a 2 car tuck under garage. The level fenced backyard is perfect for outdoor enjoyment. This is a well maintained historic building with tons of space and a 1yr old roof. Located near parks, restaurants, shopping, and easy highway access, this property presents a fantastic opportunity for investors or owner-occupants looking to offset their mortgage with rental income.

St Louis

6652 Marmaduke Avenue

None Beds

None Baths

2,280 Sq.Ft.

$269,000

MLS#: 26056468

Traditional

Features & Amenities

Interior

Exterior

Area & Lot

Price

HOA

School District

Property Features

Schedule a Showing

Mortgage calculator

Listing Courtesy of Miranda Hedrick, Gateway Real Estate

Related Properties

Virtual Assistant

Realhub AI

Lucy - Your AI-Powered Realtor

Update Your Temporary Password

Accessibility Menu

Personalize your search

Continue your home search