3630 IOWA AVE, SAINT LOUIS, MO 63118

Rare opportunity to own an updated brick duplex in Gravois Park priced below its recent $220,000 appraisal. Whether you're an investor looking for strong cash flow or a house hacker wanting to offset your mortgage, this property checks all the boxes. Both 2 bed/1 bath units are vacant, giving the next owner the flexibility to place their own tenants at market rents or occupy one unit immediately. Market rents are estimated at $1,200-$1,250 per unit, offering potential gross income of up to $2,500 per month. Major capital improvements were completed approximately 18 months ago, including new HVAC systems for both units (furnaces and central AC) and a newer water heater. Interior updates 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, low-maintenance brick construction, and a convenient South City location close to shopping, restaurants, public transportation, and everyday amenities. With significant mechanical updates already completed and priced below appraised value, this is an excellent opportunity for an owner-occupant or investor looking to add a move-in-ready duplex to their portfolio.