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4735-37 Alaska Avenue, St Louis City, MO, 63111

Two 4 family buildings can be sold as a package or separately, 4731-33 and 4735-37. This listing is for 4735-37. Four Family, Turnkey and fully occupied. Sold at a 10% cap rate. 100% turnkey and generating a NOI of $35,632k, these buildings have a little something for anyone seeking cashflow! Two 2 bd Units, 2 1 bd units, each with open kitchen to living area layout. 2-car parking pad behind the spaciously fenced yard. Stable tenancy, market rates, one coming available in October could be an owner Occupied unit. The last opening was filled in a week and left a line of tenants looking for other apartments to open up. Tenants have been thoroughly vetted and pay electronically and on time. 3 Units have electronic door locks which minimize key management concerns. Tons of updates 2019-2020 include moderately to nicely updated kitchens and baths, new sewer, a new roof, and a new city water line. Forced Air and Central AC in all units, 2 new furnaces 2024-2025. 4735-37 are nearly identical in finishes with new shaker cabinetry, countertops, tile, flooring, stainless steel appliances. Photos for all units linked the downloadable supporting docs and 3D Tours of many are available upon request. Seller completed full inspections on both buildings in October 2025 reports are provided in the supplements along with financials, receipts for major work also provided. Two Parcels, Seller prefers to sell as a package but will separate. Be sure to check with your lender on the type of insurance they require, some lenders may require Full Replacement Value which is a bit of a sledgehammer to a thumbtack, but it will cause your insurance to be higher than sellers - so check on the requirements and get a quote while you're considering your offer. Seller will not finance or accept any sort of “creative” offer. Must relinquish property entirely, using 1031 exchange. Please download the OM for details and deeper financial information, additional pictures and video. All must be reviewed and acknowledged in any offer. Buyers will be responsible for converting electronic door locks, and utilities to their own accounts after closing. Check OM for link to receipts, inspections, photos of each unit, leases, occupancy certificates and more.INSPECTIONS HAVE BEEN PROVIDED by Seller 10/2025 and are linked in the OM.

Subdivision: St Louis Add

List Price

$ 339,900

Status

Coming Soon

Days on market

0

MLS#

26054630

Bedrooms

0

Full baths

0

Sq. Ft. Above

4,054

Subdivision

St Louis 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)

$2,128

Recent Nearby Sales in 63111

Last 6 closed homes in this zip.

Address Bd/Ba SqFt List Sold Closed
3204 Mount Pleasant Street, St Louis City, MO 63111 3/1 1,161 $157,000 $150,000
95.5% of ask
Aug 24, 2026
7135 Vermont Avenue, St Louis City, MO 63111 1/1 702 $8,750 $3,500
40% of ask
Aug 21, 2026
7400 Michigan Avenue, St Louis City, MO 63111 0/0 -- $129,000 $60,000
46.5% of ask
Aug 21, 2026
8423 Water Street, St Louis City, MO 63111 2/1 2,640 $79,900 $62,000
77.6% of ask
Aug 20, 2026
4620 Pennsylvania Avenue, St Louis City, MO 63111 0/0 -- $135,500 $145,000
107% of ask
Aug 19, 2026
4510 Minnesota Avenue, St Louis City, MO 63111 0/0 -- $195,000 $195,000
100% of ask
Aug 18, 2026

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