6626 Alabama Ave · St. Louis, MO 63111

$149,900

4 bd · 1.0 ba · 1,312 sqft · SingleFamily public records · 58 Days on market

Built 1894 3,990 sqft lot $114/sqft · 16% below area Est $178k · 16% under

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Why this score? — see what drove the C+ 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 +23.6/30.0
• ARV discount +14.6/15.0
• DSCR +7.6/10.0
• 1% rule +5.3/10.0
• Rent growth +3.3/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.2/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

SWEET HOME ALABAMA!!!! Welcome to 6626 Alabama Ave. where this home offers 4 nice size bedrooms. 3 bedrooms are located on the 2nd floor with the full bath with shower/tub combo and the 3rd floor offers the 4th bedroom and storage or office space. New since ownership: New roof, Gutters, wrapped windows, some screens, painted front porch & back porch (All in 2025) since ownership- replaced basement back door, added air conditioning system, mini split to the 3rd floor, replaced stove, dishwasher, garbage disposal, kitchen faucet, ceiling fans, washer & dryer (which stays along with deep freezer and fridge) all new electric was replaced on the 3rd floor, fresh paint and also leaving the security cameras. There is a parking pad with alley access and gated flat back yard. This home is located within walking distance of Carondelet Park (5 to 10 minute walk) neighborhood shops, restaurants, grocery stores, hospitals, breweries, public transportation, and easy access to highway 55 and just a short drive to downtown STL. Schedule your very own private tour today!

Key facts

• 3,990 sq ft lot
• Built 1894
• Listed 58 days

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $282 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Recommended offer: $145k (3.0% below list) — sets the bar for market timing.
• Cap rate 8.5% 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 C — 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: Nahed Chapman New American Aca (math 2% / reading 2%, grade F, #1,099 of 1,115 statewide, top 100%, 335 students, 99% FRL); Gateway Middle (math 0% / reading 8%, grade F, #389 of 391 statewide, top 100%, 506 students, 99% FRL); Roosevelt High (math 2% / reading 8%, grade F, #517 of 521 statewide, top 100%, 460 students, 99% FRL) — zoned schools average 99% FRL vs 80% district-wide (19 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising (+3.3%/yr); 125 active listings in the ZIP; 11 comparable units currently listed for rent nearby; rentals leasing fast (median 5d on market — plan ~1-2 weeks tenant-placement turnaround); 294 units permitted in St. Louis city in 2024 (227 in 5+ unit buildings).
• This rent runs 39% of the median local income ($47k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $4k 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.

Negotiation context

• It's been on market 58 days — a 3% lower offer ($145k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 7y ago; this cycle's ask has dropped $10k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $112k; 34% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1894 — 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 $145,403 (3.0% below list)

Questions for the listing agent

1. It's been on market 58 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1894 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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.
5. 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.
6. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.03% ✓
• Cap rate: 8.55%
• Cash-on-cash: 8.06%
• DSCR: 1.36
• GRM: 8.1

CMA / ARV

• ARV (median comp): $177,882
• List price: $149,900
• Delta: -15.73%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
510 Holly Hills Ave	0.18mi	3/1.5 (-1)	1,304 (-1%)	3mo	$194,500	$149	81
6800 Minnesota Ave	0.26mi	3/2.0 (-1)	1,349 (+3%)	11mo	$224,900	$167	65
3621 Blow St	0.47mi	3/2.0 (-1)	1,350 (+3%)	7mo	$275,000	$204	58
5614 S Compton Ave	0.66mi	3/1.0 (-1)	1,364 (+4%)	2mo	$149,900	$110	56
7725 Ivory Ave	0.74mi	3/1.5 (-1)	1,275 (-3%)	2mo	$150,000	$118	52
3633 Fillmore St	0.59mi	3/1.0 (-1)	1,196 (-9%)	2mo	$135,000	$113	51
800 Wilmington Ave	0.45mi	3/2.0 (-1)	1,155 (-12%)	4mo	$195,000	$169	47
6011 Minnesota Ave	0.49mi	3/2.0 (-1)	1,180 (-10%)	8mo	$164,900	$140	44
7342 Alabama Ave	0.49mi	3/1.0 (-1)	1,116 (-15%)	10mo	$94,900	$85	39
7700 Michigan Ave	0.71mi	4/1.5	1,504 (+15%)	3mo	$175,000	$116	38
7340 Alabama Ave	0.48mi	3/1.5 (-1)	1,116 (-15%)	10mo	$125,000	$112	37
3637 Roswell Ave	0.54mi	3/2.0 (-1)	1,501 (+14%)	6mo	$207,900	$139	37

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 · 3.27% rent growth · sell at horizon

5-year hold

• IRR: -3.8%
• Equity multiple: 0.86×
• Total profit: $-5,959
• Equity at exit: $22,351

10-year hold

• IRR: 6.2%
• Equity multiple: 1.46×
• Total profit: $19,497
• Equity at exit: $12,961

Cash invested: $41,972 (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 63111

• Rents YoY: 3.3%
• Active inventory: 125
• Price-to-rent: 8.1×

Monthly cashflow live

• Estimated rent: $1,539 high
• Mortgage (P&I): −$786
• Tax from tax record: −$86 /mo · $1,027/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$323
• Net cashflow: $282

Break-even live

Break-even rent $1,182

Max offer price $149,900

Occupancy floor 77%

Sensitivity live

Price	-10% $367	-5% $324	+0% $282	+5% $239	+10% $197
Rent	-10% $160	-5% $221	+0% $282	+5% $343	+10% $403
Rate	-1.0pp $357	-0.5pp $320	base $282	+0.5pp $243	+1.0pp $203

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: $37,475
• Closing costs: $4,497
• Reserves months: —
• Total cash needed: —

Rent comps 11 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
6730 Vermont Ave Saint Louis, MO	3.0	2.0	1534	$1,600	$1.04	16d	1	0.14mi
6800 Virginia Ave Unit 1 St. Louis, MO	3.0	1.0	1500	$1,475	$0.98	19d	1	0.18mi
7109 Eugene Ave Saint Louis, MO	3.0	2.0	1029	$1,495	$1.45	0d	1	0.59mi
7109 Eugene Ave Saint Louis, MO	3.0	2.0	1029	$1,495	$1.45	4d	1	0.59mi
3857 Boulevard Heights Ct Saint Louis, MO	3.0	2.5	1697	$2,250	$1.33	3d	1	0.81mi
7924 Michigan Ave Unit 2F St. Louis, MO	3.0	2.0	1250	$1,195	$0.96	5d	1	0.90mi
3243 Delor St Unit 3243 St. Louis, MO	3.0	1.0	1100	$1,250	$1.14	23d	1	1.07mi
4114 Alma Ave Saint Louis, MO	3.0	1.5	1269	$2,065	$1.63	0d	1	1.16mi
4114 Alma Ave Saint Louis, MO	3.0	1.5	1269	$2,065	$1.63	3d	1	1.16mi
3635 Marceline Ter Unit 2ND St. Louis, MO	3.0	1.0	1250	$1,275	$1.02	45d	1	1.28mi
4416 S Grand Blvd Saint Louis, MO	3.0	1.0	963	$1,550	$1.61	25d	1	1.48mi

Listing history 13 events

1. 2026-06-08
   statusdays on market $149,900 Pending 58 DOM
2. 2026-06-05
   days on market $149,900 Active 57 DOM
3. 2026-06-03
   days on market $149,900 Active 56 DOM
4. 2026-06-02
   days on market $149,900 Active 55 DOM
5. 2026-06-01
   days on market $149,900 Active 54 DOM
6. 2026-05-31
   days on market $149,900 Active 53 DOM
7. 2026-05-12
   price $149,900 1080-char remark

   Show marketing remark (1080 chars)

   SWEET HOME ALABAMA!!!! Welcome to 6626 Alabama Ave. where this home offers 4 nice size bedrooms. 3 bedrooms are located on the 2nd floor with the full bath with shower/tub combo and the 3rd floor offers the 4th bedroom and storage or office space. New since ownership: New roof, Gutters, wrapped windows, some screens, painted front porch & back porch (All in 2025) since ownership- replaced basement back door, added air conditioning system, mini split to the 3rd floor, replaced stove, dishwasher, garbage disposal, kitchen faucet, ceiling fans, washer & dryer (which stays along with deep freezer and fridge) all new electric was replaced on the 3rd floor, fresh paint and also leaving the security cameras. There is a parking pad with alley access and gated flat back yard. This home is located within walking distance of Carondelet Park (5 to 10 minute walk) neighborhood shops, restaurants, grocery stores, hospitals, breweries, public transportation, and easy access to highway 55 and just a short drive to downtown STL. Schedule your very own private tour today!

8. 2026-04-08
   listed $159,900 Active 1080-char remark

   Show marketing remark (1080 chars)

   SWEET HOME ALABAMA!!!! Welcome to 6626 Alabama Ave. where this home offers 4 nice size bedrooms. 3 bedrooms are located on the 2nd floor with the full bath with shower/tub combo and the 3rd floor offers the 4th bedroom and storage or office space. New since ownership: New roof, Gutters, wrapped windows, some screens, painted front porch & back porch (All in 2025) since ownership- replaced basement back door, added air conditioning system, mini split to the 3rd floor, replaced stove, dishwasher, garbage disposal, kitchen faucet, ceiling fans, washer & dryer (which stays along with deep freezer and fridge) all new electric was replaced on the 3rd floor, fresh paint and also leaving the security cameras. There is a parking pad with alley access and gated flat back yard. This home is located within walking distance of Carondelet Park (5 to 10 minute walk) neighborhood shops, restaurants, grocery stores, hospitals, breweries, public transportation, and easy access to highway 55 and just a short drive to downtown STL. Schedule your very own private tour today!

9. 2026-04-08
   historical $159,900 1080-char remark

   Show marketing remark (1080 chars)

   SWEET HOME ALABAMA!!!! Welcome to 6626 Alabama Ave. where this home offers 4 nice size bedrooms. 3 bedrooms are located on the 2nd floor with the full bath with shower/tub combo and the 3rd floor offers the 4th bedroom and storage or office space. New since ownership: New roof, Gutters, wrapped windows, some screens, painted front porch & back porch (All in 2025) since ownership- replaced basement back door, added air conditioning system, mini split to the 3rd floor, replaced stove, dishwasher, garbage disposal, kitchen faucet, ceiling fans, washer & dryer (which stays along with deep freezer and fridge) all new electric was replaced on the 3rd floor, fresh paint and also leaving the security cameras. There is a parking pad with alley access and gated flat back yard. This home is located within walking distance of Carondelet Park (5 to 10 minute walk) neighborhood shops, restaurants, grocery stores, hospitals, breweries, public transportation, and easy access to highway 55 and just a short drive to downtown STL. Schedule your very own private tour today!

10. 2019-05-07
    soldstatus $111,500
11. 2019-05-02
    soldstatus Closed 1025-char remark

    Show marketing remark (1025 chars)

    This well cared for 2.5 story home in the Carondelet neighborhood hasn’t been for sale in over 35 years! The 1st floor features a living room with decorative fireplace and built-in shelving; dining room with original, hard pine flooring; and updated, eat-in kitchen. The kitchen remodel added custom-built cabinetry made locally in Linn, Missouri, solid surface countertops, and a tile backsplash. Upstairs on the 2nd floor you’ll find 3 bedrooms plus the full bathroom. The 3rd floor offers finished attic space and a multitude of potential uses… guest bedroom, home office, hobby area, family room… you decide! Outback there is a fenced-in yard and off-street parking. That’s a lot of living space for a very affordable price! Plus, it has a great location close to Carondelet Park, YMCA Rec Plex, the River Des Peres walking trails, several local restaurants in the Ivory Triangle, Grocery & Hardware stores, and so much more. Come view this wonderful home and see what it is all about.

12. 2019-03-30
    status Pending 1025-char remark

    Show marketing remark (1025 chars)

    This well cared for 2.5 story home in the Carondelet neighborhood hasn’t been for sale in over 35 years! The 1st floor features a living room with decorative fireplace and built-in shelving; dining room with original, hard pine flooring; and updated, eat-in kitchen. The kitchen remodel added custom-built cabinetry made locally in Linn, Missouri, solid surface countertops, and a tile backsplash. Upstairs on the 2nd floor you’ll find 3 bedrooms plus the full bathroom. The 3rd floor offers finished attic space and a multitude of potential uses… guest bedroom, home office, hobby area, family room… you decide! Outback there is a fenced-in yard and off-street parking. That’s a lot of living space for a very affordable price! Plus, it has a great location close to Carondelet Park, YMCA Rec Plex, the River Des Peres walking trails, several local restaurants in the Ivory Triangle, Grocery & Hardware stores, and so much more. Come view this wonderful home and see what it is all about.

13. 2019-03-20
    listed $110,000 Active 1025-char remark

    Show marketing remark (1025 chars)

    This well cared for 2.5 story home in the Carondelet neighborhood hasn’t been for sale in over 35 years! The 1st floor features a living room with decorative fireplace and built-in shelving; dining room with original, hard pine flooring; and updated, eat-in kitchen. The kitchen remodel added custom-built cabinetry made locally in Linn, Missouri, solid surface countertops, and a tile backsplash. Upstairs on the 2nd floor you’ll find 3 bedrooms plus the full bathroom. The 3rd floor offers finished attic space and a multitude of potential uses… guest bedroom, home office, hobby area, family room… you decide! Outback there is a fenced-in yard and off-street parking. That’s a lot of living space for a very affordable price! Plus, it has a great location close to Carondelet Park, YMCA Rec Plex, the River Des Peres walking trails, several local restaurants in the Ivory Triangle, Grocery & Hardware stores, and so much more. Come view this wonderful home and see what it is all about.

ⓘ 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: $1,027 · $86/mo
• Projected year-2 tax: $1,454 · $121/mo
• Expected delta: +$427/yr (+$36/mo · 41.5%)

ⓘ 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: $18,471
• − Mortgage interest: −$8,397
• − Property taxes: −$1,027
• − Insurance: −$750
• − Repairs & maintenance: −$1,478
• − Management: −$1,478
• − Depreciation: −$4,361
• Taxable income: $982
• Est. tax owed @ 24.0%: −$236
• After-tax cash flow: $3,147/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): 18,851
• Household income: $47,039
• Rent vs Own: 61.6% rent · 38.4% own
• Severe rent burden: 1364.0

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 0.65)
• Race & ethnicity: Black 42% White 41% Two or more races 11% Hispanic / Latino 9% Asian 1%
• Hispanic origin (detail): Mexican 6%
• Common ancestry: Lithuanian 3% Slovak 1% Romanian 1%
• Foreign-born: 7% · Canada, India
• Languages at home: 90% English-only · Spanish 7% Other Indo-European 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: ▼ -92.80%
• Current HPI: 169.4644
• Rent YoY: ▲ 3.27%
• 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

+36.3% since first listed

7 events — show timeline

• 2026-05-12 Price Changed $149,900 MARIS as Distributed by MLS Grid
• 2026-04-08 Listed $159,900 MARIS as Distributed by MLS Grid
• 2026-04-08 Coming Soon $159,900 MARIS as Distributed by MLS Grid
• 2019-05-07 Sold (Public Records) $111,500 Public Records
• 2019-05-02 Sold (MLS) — MARIS as Distributed by MLS Grid
• 2019-03-30 Pending — MARIS as Distributed by MLS Grid
• 2019-03-20 Listed $110,000 MARIS as Distributed by MLS Grid

Property tax history

+3.8%/yr

Latest (2024): $1,027 · +5.0% YoY. Source: county tax records.