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3630 Iowa Avenue, St Louis City, MO, 63118

Turnkey, fully occupied investment opportunity! This cash-flowing duplex is 100% leased with both units rented through next summer, generating $2,140 in gross monthly rental income from day one. Whether you're looking to expand your portfolio or complete a 1031 exchange, this stabilized asset offers immediate income with no vacancy or lease-up risk. in-place rents and fixed-term leases make this an ideal addition to any investment portfolio. Recently appraised at $220,000 and offered at just $184,900, this property presents an outstanding opportunity to purchase a performing asset below its recent appraised value. Major capital improvements were completed approximately 18 months ago, including new HVAC systems (furnaces and central A/C) for both units and a new water heater. Interior updates to both units 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. located in the heart of South St. Louis with easy access to parks, shopping, dining, major highways, and downtown, it continues to attract reliable tenant demand. If you're looking for a true turnkey rental with immediate cash flow, updated mechanicals, and built-in equity potential, 3630 Iowa Avenue is an opportunity you won't want to miss. *virtually staged.*

Subdivision: Quinette Add

List Price

$ 184,900

Status

Pending

Days on market

0

MLS#

26036212

Bedrooms

0

Full baths

0

Sq. Ft. Above

2,448

Subdivision

Quinette Add

Municipality

St Louis City

School District

St. Louis City

County

St Louis City

Property Type

Residential Income

Style

Other

Type

Residential Income

Additional Information

Property Tax (2025)

$1,794

Recent Nearby Sales in 63118

Last 6 closed homes in this zip.

Address Bd/Ba SqFt List Sold Closed
2918 Michigan Avenue, St Louis City, MO 63118 3/3 1,770 $315,000 $304,618
96.7% of ask
Sep 4, 2026
3504 Arsenal Street, 2F, St Louis City, MO 63118 1/1 800 $950 $950
100% of ask
Sep 1, 2026
2602 Minnesota Avenue, St Louis City, MO 63118 2/2 1,664 $1,900 $1,900
100% of ask
Sep 1, 2026
3112 S South Compton Avenue, St Louis City, MO 63118 3/1 3,750 $159,900 $160,000
100.1% of ask
Aug 31, 2026
3322 Pennsylvania Avenue, St Louis City, MO 63118 0/0 4,336 $325,000 $310,000
95.4% of ask
Aug 31, 2026
3448 Magnolia Avenue, St Louis City, MO 63118 0/0 -- $325,000 $325,000
100% of ask
Aug 31, 2026

Price & Listing History

Listed for sale
Jun 9, 2026 at $189,900
Price reduced by $5,000 (2.6%)
From $189,900 to $184,900
Current status: Pending
As of Aug 20, 2026 · $184,900

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