3753 Marine Ave · St. Louis, MO 63118

$38,800

3 bd · 2.0 ba · 1,160 sqft · MultiFamily public records · 7 Days on market

Built 1920 5,401 sqft lot

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Why this score? — see what drove the B- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Rent growth +3.7/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.2/10.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 1 unit. estimate disagrees with records

Listing remarks

owner will not do any inspection or any repairs. owner broker. AS IT

Key facts

• 5,401 sq ft lot
• Built 1920
• Listed 7 days

Property features AI

Finance

• Other: Living area reported as 1,200 (above grade finished area 1,200); Lot dimensions approximately 30 x 80 (0.124 acre)

Exterior

• Parking: Off-street parking
• Utilities: Public water; Public sewer; 220 volt electric service; Electricity available; Natural gas available
• Home design: Single-family residence; Two levels
• Construction: Brick construction
• Exterior features: Back yard; Other lot features

Interior

• Kitchen: No kitchen appliance details provided
• Bedrooms: 3 bedrooms (all on upper level)
• Bathrooms: 2 full bathrooms (1 full bath on main level, 1 full bath on upper level)
• Heating & cooling: Natural gas heating with forced air; Central electric air conditioning
• Interior features: Electric water heater; Crawl space basement
• Laundry & utility: No laundry details provided

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath multifamily listed at $39k.

Deal economics

• At list price, monthly cash flow is $722 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $39k).
• Cap rate 28.6% vs local median 5.0% in St. Louis — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads: area grade B — affects rentability + tenant quality, not the cash-flow math above.
• St. Louis City (urban): math 10% / reading 18% proficiency, ranked #312 of 324 in MO (top 96%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 80% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Adams Elem. (math 2% / reading 8%, grade F, #1,072 of 1,115 statewide, top 98%, 174 students, 98% FRL); Beaumont Cte High School (math 5% / reading 5%, grade F, #517 of 521 statewide, top 100%, 236 students, 99% FRL) — zoned schools average 98% FRL vs 80% district-wide (18 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising fast (+4.9%/yr); 240 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 42% of comp listings sitting > 30 days — soft ceiling on asking rent; 294 units permitted in St. Louis city in 2024 (227 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $268 of loan paydown is wiped out by about $1k of value loss. Plan a longer hold.
• St. Louis County population projected to shrink 6% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-3.0% appreciation + 4.9% rent growth), your $11k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• Only 7 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: built in 1920 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $38,800

Questions for the listing agent

1. Built in 1920 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
4. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
5. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 3.15% ✓
• Cap rate: 28.63%
• Cash-on-cash: 79.77%
• DSCR: 4.55
• GRM: 2.6

CMA / ARV

• ARV (on-the-fly): $134,560
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3644-3646 Ohio Ave	0.46mi	4/— (+1)	1,250 (+8%)	5mo	$145,000	$116	56

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 4.89% rent growth · sell at horizon

5-year hold

• IRR: 82.0%
• Equity multiple: 4.87×
• Total profit: $42,077
• Equity at exit: $5,785

10-year hold

• IRR: 85.8%
• Equity multiple: 10.75×
• Total profit: $105,965
• Equity at exit: $3,355

Cash invested: $10,864 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 81 Strongly Landlord-Friendly
• State Missouri: 81 Strongly Landlord-Friendly · R+10
• County: — inherits STATE
• City: — inherits STATE

Generally landlord-friendly; St Louis has some habitability requirements.

Methodology + full state rankings →

ZIP-level market 63118

• Rents YoY: 4.9%
• Active inventory: 240
• Price-to-rent: 2.6×

Monthly cashflow live

• Estimated rent: $1,221 high
• Mortgage (P&I): −$203
• Tax from tax record: −$22 /mo · $270/yr
• Insurance: −$16
• HOA: −$0
• Vacancy / Maint / Mgmt: −$256
• Net cashflow: $722

Break-even live

Break-even rent $306

Max offer price $38,800

Occupancy floor 36%

Sensitivity live

Price	-10% $744	-5% $733	+0% $722	+5% $711	+10% $700
Rent	-10% $626	-5% $674	+0% $722	+5% $770	+10% $819
Rate	-1.0pp $742	-0.5pp $732	base $722	+0.5pp $712	+1.0pp $702

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $9,700
• Closing costs: $1,164
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3743 Wisconsin Ave Unit 37433RDF St. Louis, MO	2.0	1.5	750	$895	$1.19	44d	1	0.08mi
3700 S Broadway St Unit 2N St. Louis, MO	2.0	1.0	975	$925	$0.95	24d	1	0.22mi
3450 Wisconsin Ave Saint Louis, MO	1.0–3.0	1.0–2.0	1219	$2,300	$1.89	2d	15	0.38mi
2641 Keokuk St Unit 1R St. Louis, MO	3.0	1.0	800	$1,295	$1.62	44d	1	0.45mi
3739 Ohio Ave Unit A St. Louis, MO	2.0	1.0	900	$1,000	$1.11	5d	1	0.46mi
2649 Keokuk St Unit 1L St. Louis, MO	2.0	1.0	800	$1,195	$1.49	44d	1	0.46mi
3319 S 18th St Saint Louis, MO	2.0	1.5	1368	$1,600	$1.17	44d	1	0.55mi
3530 Oregon Ave Unit 3532 St. Louis, MO	2.0	1.0	1035	$825	$0.80	44d	1	0.67mi
3534 Nebraska Ave Saint Louis, MO	2.0	1.0	1100	$1,100	$1.00	44d	1	0.73mi
3839 Pennsylvania Ave Saint Louis, MO	2.0	1.0	725	$1,000	$1.38	20d	1	0.77mi
3434 Nebraska Ave Saint Louis, MO	2.0	1.0	747	$1,100	$1.47	44d	1	0.78mi
4127 Oregon Ave Unit 2F St. Louis, MO	2.0	1.0	1000	$1,203	$1.20	24d	1	0.80mi
1917 Arsenal St Saint Louis, MO	2.0	1.0	1239	$1,250	$1.01	20d	1	0.80mi
3922 Minnesota Ave Saint Louis, MO	2.0	1.0	1000	$925	$0.93	44d	1	0.84mi
4238 California Ave St. Louis, MO	2.0	1.0	1000	$1,300	$1.30	44d	1	0.84mi
3855 Minnesota Ave Unit B St. Louis, MO	2.0	1.0	900	$850	$0.94	44d	1	0.84mi
3106 Keokuk St Saint Louis, MO	2.0	1.0	850	$850	$1.00	16d	1	0.86mi
3259 Oregon Ave St. Louis, MO	2.0	1.0	1200	$1,000	$0.83	44d	1	0.87mi
3116 Keokuk St Saint Louis, MO	2.0	1.0	900	$850	$0.94	3d	1	0.88mi
3116 Keokuk St Unit 1F St. Louis, MO	2.0	1.0	900	$850	$0.94	2d	1	0.88mi
3914 Michigan Ave Saint Louis, MO	2.0	1.0	1376	$1,150	$0.84	44d	1	0.89mi
3131 Keokuk St #3131 Saint Louis, MO	3.0	2.0	1500	$1,475	$0.98	15d	1	0.90mi
3233 Oregon Ave Unit 2 St. Louis, MO	2.0	1.0	1215	$995	$0.82	24d	1	0.91mi
4126 Minnesota Ave Unit 2f St. Louis, MO	2.0	1.0	1150	$1,028	$0.89	24d	1	0.93mi
3215 Oregon Ave Unit 1F St. Louis, MO	2.0	1.0	1373	$1,150	$0.84	18d	1	0.93mi
4130 Minnesota Ave Saint Louis, MO	2.0	1.0	1234	$975	$0.79	15d	1	0.93mi
2634 Arsenal St St. Louis, MO	2.0	1.0	1500	$1,400	$0.93	24d	1	0.94mi
3220 Nebraska Ave Unit 1f St. Louis, MO	2.0	1.0	850	$1,100	$1.29	44d	1	0.95mi
3220 Nebraska Ave Unit 1f St. Louis, MO	2.0	1.0	850	$1,100	$1.29	24d	1	0.95mi
2636 Arsenal St St. Louis, MO	2.0	1.0	1500	$1,400	$0.93	24d	1	0.95mi
4127 Minnesota Ave Unit 2F St. Louis, MO	3.0	1.0	1155	$1,200	$1.04	44d	1	0.96mi
4127 Minnesota Ave Unit 1F St. Louis, MO	3.0	1.0	1155	$1,200	$1.04	44d	1	0.96mi
2846 Wyoming St Unit 2F St. Louis, MO	2.0	1.0	840	$900	$1.07	44d	1	0.96mi
3829 S Compton Ave Unit B St. Louis, MO	2.0	1.0	1040	$1,050	$1.01	24d	1	0.96mi
3829 S Compton Ave Unit A St. Louis, MO	2.0	1.0	1040	$1,000	$0.96	16d	1	0.96mi
2848 Wyoming St Unit 2850 St. Louis, MO	2.0	1.0	800	$895	$1.12	24d	1	0.96mi
4308 Nebraska Ave Unit B St. Louis, MO	2.0	2.0	1012	$1,148	$1.13	8d	1	0.97mi
3506 S Compton Ave Saint Louis, MO	2.0	2.0	1100	$1,300	$1.18	11d	1	0.98mi
3614 Virginia Ave Saint Louis, MO	2.0	1.0	980	$1,200	$1.22	44d	1	1.01mi
3410 Virginia Ave Unit B St. Louis, MO	2.0	2.0	1442	$1,375	$0.95	16d	1	1.09mi

Listing history 6 events

1. 2026-06-18
   days on market $38,800 Active 7 DOM
2. 2026-06-17
   days on market $38,800 Active 6 DOM
3. 2026-06-16
   days on market $38,800 Active 5 DOM
4. 2026-06-15
   days on market $38,800 Active 4 DOM
5. 2026-06-13
   remarks 68-char remark
6. 2026-06-13
   listed $38,800 Active 2 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast MO · Resets to sale price

• Current annual tax: $270 · $22/mo
• Projected year-2 tax: $376 · $31/mo
• Expected delta: +$106/yr (+$9/mo · 39.4%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 5/10 Major 7 d/yr ≥109°F today · 21 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,648
• − Mortgage interest: −$2,173
• − Property taxes: −$270
• − Insurance: −$194
• − Repairs & maintenance: −$1,172
• − Management: −$1,172
• − Depreciation: −$1,129
• Taxable income: $8,538
• Est. tax owed @ 24.0%: −$2,049
• After-tax cash flow: $6,617/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: St. Louis City
• NCES district ID: 2929280
• Math proficiency: 10% ▼ -6.00%
• Reading proficiency: 18% ▼ -3.00%
• Median HH income: $35,685
• Composite: 11.54/100
• National rank: #9699
• State rank: #312 of 324 in MO

Livability — St. Louis

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• Census place: St. Louis, MO
• County: Saint Louis City · 254,015 people
• City population: 283,259
• Metro: St. Louis, MO-IL
• Population (ZIP): 25,913
• Household income: $57,762
• Rent vs Own: 56.1% rent · 43.9% own
• Severe rent burden: 1495.0

Population outlook (St. Louis County) Hauer SSP2

• Today (2025): 315,737 people
• By 2030: 313,865 · -0.6%
• By 2040: 305,439 · -3.3%
• By 2050: 296,529 · -6.1%
• By 2075: 271,028 · -14.2%
• By 2100: 255,359 · -19.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.63)
• Race & ethnicity: White 44% Black 41% Two or more races 8% Hispanic / Latino 8% Asian 2%
• Hispanic origin (detail): Mexican 6%
• Common ancestry: Slovak 2% Lithuanian 2% Romanian 2%
• Foreign-born: 6% · Canada, Vietnam
• Languages at home: 90% English-only · Spanish 5% Vietnamese 1% French/Haitian/Cajun 1%

Political lean MEDSL · St. Louis

• 2024 margin: Solid D (+64.7) · D 81.4% · R 16.7% · Other 2.0%
• 2008→2024 swing: -3.5pp toward R · 2008: 68.2pp · 2024: 64.7pp
• All cycles: 2024: D+64.7 2020: D+66.2 2016: D+63.7 2012: D+66.6 2008: D+68.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -347.51%
• Current HPI: 171.5963
• Rent YoY: ▲ 4.89%
• Metro: St. Louis, MO-IL
• State GDP YoY: ▲ 1.84%
• F500 in state: 20

Industry mix (Fortune 500 HQ in MO)

Industry	F500 HQs	Revenue
▸Healthcare	1	$163B
▸Insurance	1	$21B
▸Industrial Technology	1	$17B
▸Retail	1	$16B
▸Industrial Distribution	1	$10B
▸Utilities	1	$9B

Price history

2 events — show timeline

• 2026-06-11 Listed $38,800 MARIS as Distributed by MLS Grid
• 2000-09-15 Sold (Public Records) — Public Records

Property tax history

+2.2%/yr

Latest (2024): $270 · +4.6% YoY. Source: county tax records.