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$299,900 -$15,000 (-4.76%) Price Reduced

  • For Sale
  • Active
  • Single Family
  • 2,670 Sq. Ft.
  • Updated 5 days ago
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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.

Full Property Details for 3628 Arkansas Ave

General

  • Price: $299,900
  • Taxes: $1,960 (2025)
  • Status: Active
  • Type: Single Family
  • Source: MARIS
  • MLS ID: 26057490
  • Updated: 10/7/2026
  • Added to Site: 35 day(s) ago

Interior

  • Interior Features: Center Hall Floorplan
  • Appliances: Electric Range, Gas Range, Refrigerator

Parking

  • Parking Features: Alley Access, Off Street, On Street, Parking Pad

Location

  • Area: 2 - Central East
  • County: St Louis City
  • Township: St. Louis City
  • Subdivision: Bells Add
  • Neighborhood: Gravois Park

School Information

  • High School District: St. Louis City
  • Elementary School: Froebel Elem.
  • Middle School: Fanning Middle Community Ed.
  • High School: Roosevelt High

Heating & Cooling

  • Cooling Type: Ceiling Fan(s), Central Air Conditioning
  • Heating Type: Forced Air, Gas

Utilities

  • Water: Public
  • Utility Description: Cable Available

Structural Information

  • Architectural Style: Traditional
  • Basement: Yes
  • Basement Desc.: Full, Interior Entry, Storage Space, Unfinished
  • Square Feet: 2,670
  • Year Built: 1960

Lot Features

  • Lot Size (Acres): 0.1148
  • Lot Size (Sq. Ft.): 5,000.69
  • Lot Features: Back Yard, City Lot, Few Trees

Financial Considerations

  • Tax Amount: $1,960
  • Tax Year: 2025

Disclosures and Reports

  • Ownership: Private
  • Special Conditions: Standard
  • Disclosures/Reports: None
  • Property ID: 1611-00-0055-0

Listed by Gateway Real Estate

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— 3628 Arkansas Ave —

  • Gateway Real Estate

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NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 3628 Arkansas Ave

School District:St. Louis City School District
NameGradesDistance
Froebel Elementary School
3709 Nebraska Ave, St. Louis, MO 63118
PK-60.5 mi
Fanning Middle Community Ed.
3417 Grace Ave, St. Louis, MO 63116
6-80.4 mi
Roosevelt High School
3230 Hartford St, St. Louis, MO 63118
9-120.7 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 3628 Arkansas Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/07/2026
Price Reduced
$299,900
-4.76%
MLS
9/08/2026
Listed
$314,900
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 3628 Arkansas Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,960
32%
$23,600
—
2024
$1,485
-24%
$23,600
36%
2024
$1,960
39%
$17,400
—
2023
$1,413
10%
$17,400
14%
2022
$1,290
—
$15,270
—
2021
$1,288
—
$15,270
3%
2021
$1,288
4%
$14,880
—
2019
$1,242
40%
$14,880
46%
2018
$884
2%
$10,170
—
2017
$870
-3%
$10,170
-2%
2016
$895
10%
$10,340
—
2015
$813
-3%
$10,340
-4%
2014
$841
—
$10,720
—
2013
$841
—
$10,720
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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3628 Arkansas Avenue, Saint Louis, MO 63118 (MLS# 26057490) is a Single Family property with 0 bedrooms and 0 full bathrooms. 3628 Arkansas Avenue is currently listed for $299,900 and was received on September 08, 2026. Want to learn more about 3628 Arkansas Avenue? Do you have questions about finding other Single Family real estate for sale in Saint Louis? You can browse all Saint Louis real estate or contact a Coldwell Banker agent to request more information.

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