4762 Labadie Ave · St. Louis, MO 63115

$35,900

5 bd · 1.0 ba · 1,994 sqft · SingleFamily public records · 200 Days on market

Built 1897 6,952 sqft lot $18/sqft · 45% below area Est $65k · 45% under ↓ 28% since listing

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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 +15.0/30.0
• ARV discount +15.0/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Appreciation +3.3/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.2/10.0

Listing remarks MLS

PRICE DROP! Here's your chance - HUGE historic home, 3 stories ready for your vision! Outstanding location - great block of Greers Addition, on a one way street. This home is three stories of living and has a full basement and endless potential! Large front porch, arched brick around the front door. BIG city lot 41 x 141. Sqft is more than tax records reflect, guestimate is around 2,900. Could be a great 6 bedroom home with 3 full baths and a main floor bath. Lots of historic charm - beautiful brick built, fireplaces, hardwood flooring, columns+++ Who's ready to turn this into their dream home? Savvy investors! Turn this into a great income producing rental, either short term or long term - lots of bedrooms for section 8 / AirBnb. Make a smart investment move this quarter / end of year. Excellent flip opportunity - rehab & resell! Could also be purchased with 4753 Maffitt Avenue, St Louis, Missouri 63113 as a package deal. STL City has lots of opportunities for investors - this property may qualify for credits/ benefits due to its location. Opportunity Zones are economically-distressed areas where new investments may be eligible for preferential tax treatment. CALL NOW

Key facts

• Hardwood flooring
• Fireplaces
• Large front porch

Tags

• HISTORIC HOME
• FULL BASEMENT
• LARGE FRONT PORCH
• HARDWOOD FLOORING
• FIREPLACES
• COLUMNS

🏷️ Possibly a rental listed for sale. The $35,900 price doesn't fit this home's estimated sale value (~$64,976) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 5-bed/1.0-bath single-family listed at $36k.

Deal economics

• At list price, monthly cash flow is $1k ($12k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $36k).
• Recommended offer: $32k (12.0% below list) — sets the bar for market timing.
• Cap rate 40.0% 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.
• Market conditions: 97 active listings in the ZIP; lower-income renter base — watch delinquency; 294 units permitted in St. Louis city in 2024 (227 in 5+ unit buildings).
• At $1,553/mo this rent would consume 61% of the median local household income ($31k/yr) (locally 1655% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $248 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 + 3.0% rent growth), your $10k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 200 days — a 12% lower offer ($32k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1897 — 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 $31,592 (12.0% below list)

Questions for the listing agent

1. It's been on market 200 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1897 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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.
6. 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.
7. 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: 4.33% ✓
• Cap rate: 40.01%
• Cash-on-cash: 120.41%
• DSCR: 6.36
• GRM: 1.9

CMA / ARV

• ARV (median comp): $64,976
• List price: $35,900
• Delta: -44.75%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3067 Marcus Ave	0.18mi	5/2.0	2,134 (+7%)	17mo	$14,900	$7	61
4118 N Kingshighway Blvd	0.75mi	4/2.0 (-1)	1,971 (-1%)	14mo	$34,900	$18	42
4558 Cote Brilliante Ave	0.63mi	5/2.0	2,116 (+6%)	23mo	$120,000	$57	37
5069 Lotus Ave	0.64mi	4/1.5 (-1)	1,734 (-13%)	12mo	$34,700	$20	31

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 6.81×
• Total profit: $58,430
• Equity at exit: $5,353

10-year hold

• IRR: —
• Equity multiple: 14.29×
• Total profit: $133,622
• Equity at exit: $3,104

Cash invested: $10,052 (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 63115

• Home prices YoY: -2.6%
• Active inventory: 97
• Price-to-rent: 1.9×

Monthly cashflow live

• Estimated rent: $1,553 medium
• Mortgage (P&I): −$188
• Tax from tax record: −$15 /mo · $178/yr
• Insurance: −$15
• HOA: −$0
• Vacancy / Maint / Mgmt: −$326
• Net cashflow: $1,009

Break-even live

Break-even rent $276

Max offer price $35,900

Occupancy floor 30%

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: $8,975
• Closing costs: $1,077
• Reserves months: —
• Total cash needed: —

Listing history 7 events

1. 2026-04-27
   price $35,900 1191-char remark

   Show marketing remark (1191 chars)

   PRICE DROP! Here's your chance - HUGE historic home, 3 stories ready for your vision! Outstanding location - great block of Greers Addition, on a one way street. This home is three stories of living and has a full basement and endless potential! Large front porch, arched brick around the front door. BIG city lot 41 x 141. Sqft is more than tax records reflect, guestimate is around 2,900. Could be a great 6 bedroom home with 3 full baths and a main floor bath. Lots of historic charm - beautiful brick built, fireplaces, hardwood flooring, columns+++ Who's ready to turn this into their dream home? Savvy investors! Turn this into a great income producing rental, either short term or long term - lots of bedrooms for section 8 / AirBnb. Make a smart investment move this quarter / end of year. Excellent flip opportunity - rehab & resell! Could also be purchased with 4753 Maffitt Avenue, St Louis, Missouri 63113 as a package deal. STL City has lots of opportunities for investors - this property may qualify for credits/ benefits due to its location. Opportunity Zones are economically-distressed areas where new investments may be eligible for preferential tax treatment. CALL NOW

2. 2026-03-30
   price $37,900 1191-char remark

   Show marketing remark (1191 chars)

   PRICE DROP! Here's your chance - HUGE historic home, 3 stories ready for your vision! Outstanding location - great block of Greers Addition, on a one way street. This home is three stories of living and has a full basement and endless potential! Large front porch, arched brick around the front door. BIG city lot 41 x 141. Sqft is more than tax records reflect, guestimate is around 2,900. Could be a great 6 bedroom home with 3 full baths and a main floor bath. Lots of historic charm - beautiful brick built, fireplaces, hardwood flooring, columns+++ Who's ready to turn this into their dream home? Savvy investors! Turn this into a great income producing rental, either short term or long term - lots of bedrooms for section 8 / AirBnb. Make a smart investment move this quarter / end of year. Excellent flip opportunity - rehab & resell! Could also be purchased with 4753 Maffitt Avenue, St Louis, Missouri 63113 as a package deal. STL City has lots of opportunities for investors - this property may qualify for credits/ benefits due to its location. Opportunity Zones are economically-distressed areas where new investments may be eligible for preferential tax treatment. CALL NOW

3. 2026-03-05
   price $40,900 1191-char remark

   Show marketing remark (1191 chars)

   PRICE DROP! Here's your chance - HUGE historic home, 3 stories ready for your vision! Outstanding location - great block of Greers Addition, on a one way street. This home is three stories of living and has a full basement and endless potential! Large front porch, arched brick around the front door. BIG city lot 41 x 141. Sqft is more than tax records reflect, guestimate is around 2,900. Could be a great 6 bedroom home with 3 full baths and a main floor bath. Lots of historic charm - beautiful brick built, fireplaces, hardwood flooring, columns+++ Who's ready to turn this into their dream home? Savvy investors! Turn this into a great income producing rental, either short term or long term - lots of bedrooms for section 8 / AirBnb. Make a smart investment move this quarter / end of year. Excellent flip opportunity - rehab & resell! Could also be purchased with 4753 Maffitt Avenue, St Louis, Missouri 63113 as a package deal. STL City has lots of opportunities for investors - this property may qualify for credits/ benefits due to its location. Opportunity Zones are economically-distressed areas where new investments may be eligible for preferential tax treatment. CALL NOW

4. 2026-01-02
   price $44,900 1191-char remark

   Show marketing remark (1191 chars)

   PRICE DROP! Here's your chance - HUGE historic home, 3 stories ready for your vision! Outstanding location - great block of Greers Addition, on a one way street. This home is three stories of living and has a full basement and endless potential! Large front porch, arched brick around the front door. BIG city lot 41 x 141. Sqft is more than tax records reflect, guestimate is around 2,900. Could be a great 6 bedroom home with 3 full baths and a main floor bath. Lots of historic charm - beautiful brick built, fireplaces, hardwood flooring, columns+++ Who's ready to turn this into their dream home? Savvy investors! Turn this into a great income producing rental, either short term or long term - lots of bedrooms for section 8 / AirBnb. Make a smart investment move this quarter / end of year. Excellent flip opportunity - rehab & resell! Could also be purchased with 4753 Maffitt Avenue, St Louis, Missouri 63113 as a package deal. STL City has lots of opportunities for investors - this property may qualify for credits/ benefits due to its location. Opportunity Zones are economically-distressed areas where new investments may be eligible for preferential tax treatment. CALL NOW

5. 2025-11-11
   listed $49,999 Active 1191-char remark

   Show marketing remark (1191 chars)

   PRICE DROP! Here's your chance - HUGE historic home, 3 stories ready for your vision! Outstanding location - great block of Greers Addition, on a one way street. This home is three stories of living and has a full basement and endless potential! Large front porch, arched brick around the front door. BIG city lot 41 x 141. Sqft is more than tax records reflect, guestimate is around 2,900. Could be a great 6 bedroom home with 3 full baths and a main floor bath. Lots of historic charm - beautiful brick built, fireplaces, hardwood flooring, columns+++ Who's ready to turn this into their dream home? Savvy investors! Turn this into a great income producing rental, either short term or long term - lots of bedrooms for section 8 / AirBnb. Make a smart investment move this quarter / end of year. Excellent flip opportunity - rehab & resell! Could also be purchased with 4753 Maffitt Avenue, St Louis, Missouri 63113 as a package deal. STL City has lots of opportunities for investors - this property may qualify for credits/ benefits due to its location. Opportunity Zones are economically-distressed areas where new investments may be eligible for preferential tax treatment. CALL NOW

6. 2003-12-04
   soldstatus
7. 1995-06-05
   soldstatus

ⓘ 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: $178 · $15/mo
• Projected year-2 tax: $348 · $29/mo
• Expected delta: +$170/yr (+$14/mo · 95.8%)

ⓘ 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 ≥107°F today · 21 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 5 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,633
• − Mortgage interest: −$2,011
• − Property taxes: −$178
• − Insurance: −$180
• − Repairs & maintenance: −$1,491
• − Management: −$1,491
• − Depreciation: −$1,044
• Taxable income: $12,239
• Est. tax owed @ 24.0%: −$2,937
• After-tax cash flow: $9,166/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): 14,488
• Household income: $30,622
• Rent vs Own: 57.7% rent · 42.3% own
• Severe rent burden: 1655.0

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: Predominantly Black (95%)
• Race & ethnicity: Black 95% White 2% Two or more races 2%
• Foreign-born: 0%

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: ▼ -3.42%
• Current HPI: 127.3403
• Rent YoY: —
• 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

-28.2% since first listed

7 events — show timeline

• 2026-04-27 Price Changed $35,900 MARIS as Distributed by MLS Grid
• 2026-03-30 Price Changed $37,900 MARIS as Distributed by MLS Grid
• 2026-03-05 Price Changed $40,900 MARIS as Distributed by MLS Grid
• 2026-01-02 Price Changed $44,900 MARIS as Distributed by MLS Grid
• 2025-11-11 Listed $49,999 MARIS as Distributed by MLS Grid
• 2003-12-04 Sold (Public Records) — Public Records
• 1995-06-05 Sold (Public Records) — Public Records

Property tax history

+0.8%/yr

Latest (2024): $178 · +4.3% YoY. Source: county tax records.