3630 Iowa Ave, St. Louis, MO 63118

Sqft
2,448

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Listed byDRG - Delhougne Realty Group
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Overview

Great opportunity to own an updated brick duplex in Gravois Park priced well below its recent $220,000 appraisal. Whether you're an investor seeking immediate cash flow or an owner-occupant looking to offset your mortgage, this property offers an excellent opportunity.

The downstairs unit is currently leased for $1,070/month, providing immediate rental income from day one, while the upstairs unit is vacant, allowing the next owner to move in or lease it at current market rents. With both units rented, the property offers strong long-term income potential.

Major capital improvements were completed approximately 18 months ago, including new HVAC systems (furnaces and central A/C) for both units and a newer water heater. Interior updates include LVP flooring, updated kitchens with new cabinetry, countertops, backsplash, stainless steel appliances, updated bathrooms with tile finishes, and modern fixtures throughout.

Additional features include rear off-street parking, durable low-maintenance brick construction, and a convenient South City location close to shopping, restaurants, parks, public transportation, and everyday amenities.

With significant mechanical updates already completed, immediate rental income already in place, and pricing below appraised value, this is an outstanding opportunity for an investor or owner-occupant looking to build equity while generating cash flow.

Location

Full feature list

Basic info

Property type
Multi-family
Square feet
2,448
Lot size (acres)
0.10
Year built
1911

Utilities

Heating
Forced Air
Cooling
Central Air

Taxes

Tax Annual Amount (2025)
$1,794

Public schools

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Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.

Sourced from: MARIS MLS MLS®#: 26036212 Last checked:

Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.