3630 Iowa Avenue, St. Louis, MO for sale

Investment Overview

Excellent opportunity to own an updated, low-maintenance 2-family property in the heart of Gravois Park. Both units are vacant and feature 2 bedrooms and 1 bathroom, making this a great fit for an investor seeking cash flow or a house hacker looking to live in one unit while renting the other. Major mechanical updates were completed approximately 18 months ago, including new HVAC systems for both units with new furnaces and central AC units. One unit also has a new water heater. Both units received cosmetic updates at that time, including LVP flooring throughout, tiled bathroom floors, tiled shower surrounds, updated kitchens with new cabinets, laminate countertops, backsplash, new fixtures, stainless steel appliances, and matte black light fixtures throughout. The property offers gravel parking lot in the rear. Located in South City near transportation, shopping, restaurants, bars, and everyday conveniences, this property sits in a central St. Louis location with strong rental demand. Market rents are estimated around $1,200–$1,250 per month per unit, creating an attractive entry point for someone looking to begin or expand their income-producing real estate portfolio.

Investment Highlights

• Vacant 2-family property offering immediate lease-up opportunity
• Ideal for investor or owner-occupant / house hack strategy
• Both units feature 2 bedrooms and 1 bathroom
• Major mechanical updates completed ~18 months ago
• New HVAC systems, furnaces, and central AC units for both units
• One unit includes a new water heater
• Updated interiors with LVP flooring, tiled bathrooms, tiled shower surrounds, and modern kitchens
• Kitchens feature new cabinets, laminate countertops, backsplash, stainless steel appliances, and updated fixtures
• Matte black lighting and finishes throughout for modern appeal
• Rear gravel parking lot provides off-street parking convenience