3332 Nebraska Ave · St. Louis, MO 63118

$140,000

3 bd · 2.0 ba · 1,732 sqft · SingleFamily public records · 8 Days on market

Built 1895 3,175 sqft lot Est $260k · 46% 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 +25.0/30.0
• ARV discount +15.0/15.0
• DSCR +8.2/10.0
• 1% rule +5.2/10.0
• 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

Listing remarks

If you are looking for your spring project, then you have found it! This charming home is just steps away from Cherokee street is ready it's new owner for an easy renovation. This would make a great fix and flip or BRRRR property. The home has been refreshed since it was built and boasts several modern updates that save both time and money on a renovation. The plaster has been removed and has drywall throughout. The home has an updated electrical panel, electric wiring, PVC stack, PVC plumbing lines, and central HVAC. The kitchen and bathroom on the first floor will need drywall work which was damaged over the winter when the upstairs bathroom sprung a leak. See photos for the damage along

Key facts

• Central hvac
• Modern updates
• Private backyard

Tags

• MODERN UPDATES
• UPDATED ELECTRICAL PANEL
• CENTRAL HVAC
• PRIVATE BACKYARD
• DECK
• PARKING PAD

Property features AI

Finance

• Other: Seller may consider concessions

Exterior

• Parking: Parking pad
• Utilities: Public water; Public sewer; Electric service by Ameren; Natural gas available; Electricity connected; Water available; Sewer connected; Cable available
• Home design: Single-family residence; Two levels; Residential property in fixer condition; Private ownership
• Construction: Brick construction; Flat roof; Stone foundation; House structure; Built data from public records
• Exterior features: Private yard; Level lot

Interior

• Kitchen: Dishwasher; Microwave; Electric oven; Free-standing refrigerator
• Bedrooms: 3 bedrooms (all on upper level)
• Flooring: Ceramic tile; Hardwood
• Bathrooms: 2 full bathrooms (1 full bath on main level, 1 full bath on upper level)
• Heating & cooling: Natural gas heating; Central air conditioning; Ceiling fans
• Interior features: Ceiling fans throughout; Crown molding; Eat-in kitchen; Tilt-in windows
• Laundry & utility: Laundry in basement

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $140k.

Deal economics

• At list price, monthly cash flow is $307 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $140k).
• Cap rate 8.9% 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: Froebel Elem. (math 8% / reading 8%, grade F, #1,052 of 1,115 statewide, top 95%, 176 students, 98% 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 (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); 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 $968 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.
• At projected returns (-3.0% appreciation + 4.9% rent growth), your $39k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• Only 8 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 3y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Watch-outs: built in 1895 — 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 $140,000

Questions for the listing agent

1. Built in 1895 — 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 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: 1.02% ✓
• Cap rate: 8.92%
• Cash-on-cash: 9.38%
• DSCR: 1.42
• GRM: 8.1

CMA / ARV

• ARV (on-the-fly): $259,800
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3332 Nebraska Ave	0.00mi	3/2.0	1,732 (0%)	1mo	$140,000	$81	99
3241 California Ave	0.15mi	4/2.5 (+1)	1,560 (-10%)	1mo	$125,000	$80	69
3408 Winnebago St	0.61mi	3/2.5	1,746 (+1%)	1mo	$229,500	$131	68
3000 California Ave	0.46mi	3/2.5	1,872 (+8%)	1mo	$280,000	$150	62
3166 Pennsylvania Ave	0.28mi	3/2.5	1,982 (+14%)	0mo	$227,500	$115	61
3231 Ohio Ave	0.26mi	2/2.0 (-1)	1,510 (-13%)	1mo	$239,900	$159	61
2845 Chippewa St	0.55mi	3/1.5	1,598 (-8%)	0mo	$205,000	$128	59
3317 Indiana Ave	0.42mi	2/2.5 (-1)	1,872 (+8%)	1mo	$345,000	$184	59
3525 Hartford St	0.69mi	4/1.5 (+1)	1,770 (+2%)	1mo	$430,000	$243	56
2921 Virginia Ave	0.62mi	3/2.0	1,885 (+9%)	1mo	$335,000	$178	55
3704 Ohio Ave	0.51mi	3/3.5	1,938 (+12%)	1mo	$249,900	$129	50
2918 Wisconsin Ave	0.74mi	3/3.0	1,989 (+15%)	1mo	$379,900	$191	36

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: -0.3%
• Equity multiple: 0.99×
• Total profit: $-446
• Equity at exit: $20,874

10-year hold

• IRR: 11.0%
• Equity multiple: 1.93×
• Total profit: $36,348
• Equity at exit: $12,105

Cash invested: $39,200 (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: 8.1×

Monthly cashflow live

• Estimated rent: $1,435 high
• Mortgage (P&I): −$734
• Tax from tax record: −$35 /mo · $415/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$301
• Net cashflow: $307

Break-even live

Break-even rent $1,047

Max offer price $140,000

Occupancy floor 74%

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: $35,000
• Closing costs: $4,200
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3259 Oregon Ave St. Louis, MO	2.0	1.0	1200	$1,000	$0.83	43d	1	0.08mi
3233 Oregon Ave Unit 2 St. Louis, MO	2.0	1.0	1215	$995	$0.82	23d	1	0.13mi
3215 Oregon Ave Unit 1F St. Louis, MO	2.0	1.0	1373	$1,150	$0.84	17d	1	0.16mi
3510 California Ave Saint Louis, MO	3.0	2.0	1800	$1,200	$0.67	43d	1	0.25mi
3534 Nebraska Ave Saint Louis, MO	2.0	1.0	1100	$1,100	$1.00	43d	1	0.26mi
3429 Ohio Ave Saint Louis, MO	3.0	3.0	1938	$2,250	$1.16	16d	1	0.26mi
3506 S Compton Ave Saint Louis, MO	2.0	2.0	1100	$1,300	$1.18	10d	1	0.32mi
3410 Virginia Ave Unit B St. Louis, MO	2.0	2.0	1442	$1,375	$0.95	16d	1	0.32mi
3540 Michigan Ave Saint Louis, MO	4.0	2.0	1758	$1,800	$1.02	1d	1	0.33mi
3280 Gravois Ave St. Louis, MO	2.0	1.0	1133	$895	$0.79	23d	1	0.35mi
3411 Cherokee St St. Louis, MO	4.0	2.0	1568	$1,850	$1.18	43d	1	0.41mi
2634 Arsenal St St. Louis, MO	2.0	1.0	1500	$1,400	$0.93	23d	1	0.43mi
2636 Arsenal St St. Louis, MO	2.0	1.0	1500	$1,400	$0.93	23d	1	0.44mi
3009 Pennsylvania Ave Saint Louis, MO	1.0–2.0	1.0–2.0	928	$1,195	$1.29	20d	6	0.48mi
3521 Utah St Unit 3525 St. Louis, MO	2.0	1.0	1100	$1,445	$1.31	4d	1	0.56mi
2918 Louisiana Ave Unit A St. Louis, MO	2.0	1.0	1173	$1,275	$1.09	7d	1	0.64mi
3450 Wisconsin Ave Saint Louis, MO	1.0–3.0	1.0–2.0	1219	$2,300	$1.89	1d	15	0.66mi
3430 Grace Ave Unit 3432 St. Louis, MO	2.0	1.0	1106	$1,475	$1.33	43d	1	0.68mi
3131 Keokuk St #3131 Saint Louis, MO	3.0	2.0	1500	$1,475	$0.98	14d	1	0.70mi
3628 Wyoming St Unit 2F St. Louis, MO	4.0	1.0	1700	$1,950	$1.15	43d	1	0.70mi
2664 Nebraska Ave Unit 2F Saint Louis, MO	3.0	1.0	1350	$1,150	$0.85	23d	1	0.71mi
3146 Keokuk St Saint Louis, MO	3.0	1.0	1528	$1,500	$0.98	23d	1	0.73mi
3458 Giles Ave Saint Louis, MO	3.0	2.5	2204	$2,400	$1.09	7d	1	0.74mi
3914 Michigan Ave Saint Louis, MO	2.0	1.0	1376	$1,150	$0.84	43d	1	0.74mi
3612 Hartford St Unit 3614 St. Louis, MO	2.0	1.0	1100	$1,300	$1.18	10d	1	0.75mi
1917 Arsenal St Saint Louis, MO	2.0	1.0	1239	$1,250	$1.01	19d	1	0.76mi
3501-3503 Pestalozzi St Unit A St. Louis, MO	2.0	1.5	1200	$1,295	$1.08	23d	1	0.78mi
3428 Dunnica Ave Saint Louis, MO	2.0	1.0	1050	$995	$0.95	43d	1	0.78mi
3319 S 18th St Saint Louis, MO	2.0	1.5	1368	$1,600	$1.17	43d	1	0.79mi
2602 Minnesota Ave Saint Louis, MO	2.0	1.5	1664	$1,950	$1.17	4d	1	0.81mi
3526 S Spring Ave Saint Louis, MO	4.0	2.0	2244	$2,877	$1.28	43d	1	0.84mi
2500 Ohio Ave St. Louis, MO	1.0–2.0	1.0–2.0	845	$1,895	$2.24	1d	19	0.86mi
2606 Louisiana Ave Unit 2N St. Louis, MO	2.0	1.0	1110	$1,295	$1.17	14d	1	0.88mi
2327 Texas Ave Unit 211 St. Louis, MO	3.0	2.0	1075	$1,945	$1.81	43d	1	0.92mi
2327 Texas Ave Apt 205 St. Louis, MO	3.0	2.0	1375	$2,095	$1.52	17d	1	0.92mi
2239 California Ave Saint Louis, MO	2.0	2.0	1182	$1,750	$1.48	17d	1	0.99mi
4126 Minnesota Ave Unit 2f St. Louis, MO	2.0	1.0	1150	$1,028	$0.89	23d	1	0.99mi
4130 Minnesota Ave Saint Louis, MO	2.0	1.0	1234	$975	$0.79	14d	1	1.00mi
4127 Minnesota Ave Unit 2F St. Louis, MO	3.0	1.0	1155	$1,200	$1.04	43d	1	1.00mi
4127 Minnesota Ave Unit 1F St. Louis, MO	3.0	1.0	1155	$1,200	$1.04	43d	1	1.00mi

Listing history 12 events

1. 2026-05-01
   status Pending
2. 2026-04-23
   listed $140,000 Active
3. 2024-01-21
   historical $1,350
4. 2023-11-30
   listed $1,350
5. 2021-09-22
   soldstatus
6. 2016-03-16
   soldstatus $637,500
7. 2007-04-13
   soldstatus $52,000
8. 2001-03-30
   soldstatus $75,000
9. 2001-02-07
   soldstatus $22,500
10. 2001-01-23
    soldstatus $65,000
11. 1998-06-19
    soldstatus
12. 1997-01-27
    soldstatus $20,000

ⓘ 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: $415 · $35/mo
• Projected year-2 tax: $1,358 · $113/mo
• Expected delta: +$943/yr (+$79/mo · 227.4%)

ⓘ 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 ≥108°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: $17,220
• − Mortgage interest: −$7,842
• − Property taxes: −$415
• − Insurance: −$700
• − Repairs & maintenance: −$1,378
• − Management: −$1,378
• − Depreciation: −$4,073
• Taxable income: $1,435
• Est. tax owed @ 24.0%: −$344
• After-tax cash flow: $3,334/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

+600.0% since first listed

12 events — show timeline

• 2026-05-01 Pending — MARIS as Distributed by MLS Grid
• 2026-04-23 Listed $140,000 MARIS as Distributed by MLS Grid
• 2024-01-21 Rental Removed $1,350 PROPERTYWARE
• 2023-11-30 Listed for Rent $1,350 PROPERTYWARE
• 2021-09-22 Sold (MLS) — MARIS as Distributed by MLS Grid
• 2016-03-16 Sold (Public Records) $637,500 Public Records
• 2007-04-13 Sold (Public Records) $52,000 Public Records
• 2001-03-30 Sold (Public Records) $75,000 Public Records
• 2001-02-07 Sold (Public Records) $22,500 Public Records
• 2001-01-23 Sold (Public Records) $65,000 Public Records
• 1998-06-19 Sold (Public Records) — Public Records
• 1997-01-27 Sold (Public Records) $20,000 Public Records

Property tax history

+2.4%/yr

Latest (2024): $415 · +4.8% YoY. Source: county tax records.