3628 Arkansas Avenue,St Louis, MO 63118
St Louis, MO 63118
Description
PRICE IMPROVEMENT - Fully Occupied 4-Family Investment Opportunity! Offered at $299,900, this income-producing property at 3628-3630 Arkansas Ave features four 1-bedroom, 1-bath units, all currently occupied and generating immediate rental income.Each unit is currently rented at $750/month, producing $3,000 in gross monthly rent and $36,000 annually. At the new asking price, that's approximately a 12.0% gross rent yield based on current rents. Three of the four units are currently occupied by Section 8 tenants.Tenants are responsible for their own electric and gas. Owner pays water, sewer, trash, and landscaping. Property is currently professionally managed, making this an attractive opportunity for an investor looking to add a stabilized multifamily asset to their portfolio.Please do not disturb tenants. No showings without an accepted contract. Rent roll, leases, tenant ledgers, and occupancy permits are available for review. Buyer and buyer's agent to verify all financial information, rents, expenses, and property details.
Details
| MLS # | 26057490 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1960 |
| Days On Site | 55 |
| Listing Provided By | Gateway Real Estate | Miranda Hedrick |
Features
| SQ Feet | 2,670 |
|---|---|
| Basement | Y |
| Story(s) | 2 |
| Units | 4 |
| Building(s) | 1 |
| Acreage | 0.11 |
Interior
| Cooling | Ceiling Fan(s), Central Air |
|---|---|
| Heating | Forced Air, Gas |
| Interior Features | Center Hall Floorplan |
| Appliances | Electric Range, Gas Range, Refrigerator |
Exterior
| Construction Materials | Brick |
|---|---|
| Lot Features | Back Yard, City Lot, Few Trees |
Parking
| Attached Garage Yes / No | No |
|---|---|
| Parking Features | Alley Access, Off Street, On Street, Parking Pad |
Location
| Senior Community Yes / No | No |
|---|
Utilities
| Utilities | Cable Available |
|---|---|
| Electric | Ameren |
Taxes
| Property | 1960 |
|---|
Area Information
| State | MO |
|---|---|
| County | St Louis City |
| City | St Louis |
| Zip Code | 63118 |
| Area | Central East |
| Community Name | Bells Add |
| School District | Roosevelt High |
| Elementary School | Froebel Elem. |
| High School | Roosevelt High |
| Listing VS Median (in Bells Add) | |
Price: $299,900 low | high Med: $397,450 sqft: 2,670 low | high Med: 7,515 $ / sqft: $112 low | high Med: $76 On site: 55 low | high Med: 108 | |
Market Activity 63118
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Listings courtesy of Maris MLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID as of November 2, 2026 at 2:05:10 PM PST 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.
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Learn More About This Property
| State | MO |
|---|---|
| County | St Louis City |
| City | St Louis |
| Zip Code | 63118 |
| Area | Central East |
| Community Name | Bells Add |
| School District | Roosevelt High |
| Elementary School | Froebel Elem. |
| High School | Roosevelt High |
| Listing VS Median (in Bells Add) | |
Price: $299,900 low | high Med: $397,450 sqft: 2,670 low | high Med: 7,515 $ / sqft: $112 low | high Med: $76 On site: 55 low | high Med: 108 | |
