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3628 Arkansas Avenue, St Louis City, MO, 63118
$299,900 Active

3628 Arkansas Avenue, St Louis City, MO, 63118

0 ba | 2,670 sq ft | Traditional
Subdivision: Bells Add
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.

Status: Active · MLS# 26057490 · Listing Courtesy of Gateway Real Estate, [email protected]

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Facts and features

List Price

$ 299,900

Status

Active

Days on market

0

MLS#

26057490

Bedrooms

0

Full baths

0

Sq. Ft. Above

2,670

Subdivision

Bells Add

Municipality

St Louis City

School District

St. Louis City

County

St Louis City

Property Type

Residential Income

Style

Traditional

Type

Residential Income

Additional Information

Property Tax (2025)

$1,960

Recent Nearby Sales in 63118

Last 6 closed homes in this zip.

Address Bd/Ba SqFt List Sold Closed
3464/3464 A Montana Street, 1&2, St Louis City, MO 63118 0/0 2,476 $149,900 $136,000
90.7% of ask		 Nov 10, 2026
2761 Gravois Avenue, St Louis City, MO 63118 1/1 800 $650 $650
100% of ask		 Nov 10, 2026
3005 Minnesota Avenue, St Louis City, MO 63118 2/2 1,496 $180,000 $190,000
105.6% of ask		 Nov 9, 2026
2906 Virginia Avenue, St Louis City, MO 63118 3/3 2,116 $395,000 $395,000
100% of ask		 Nov 9, 2026
3001 Keokuk Street, St Louis City, MO 63118 3/2 1,408 $74,999 $68,000
90.7% of ask		 Nov 5, 2026
3515 Oregon Avenue, St Louis City, MO 63118 0/0 1,976 $240,000 $240,000
100% of ask		 Nov 5, 2026

Price & Listing History

Listed for sale at $314,900
Sep 8, 2026 · original list price
Price reduced by $15,000 (4.8%)
From $314,900 to $299,900
Current status: Active
As of Oct 7, 2026 · $299,900

Every time this home was on the market

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Most MLS-recorded sales near this home

Most closed sales in the last 12 months around this address, listing side and buyer side, plus this listing agent's record.

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