3517 Pennsylvania Ave · St. Louis, MO 63118

$144,500

3 bd · 2.0 ba · 1,760 sqft · SingleFamily public records · 111 Days on market

Built 1910 3,149 sqft lot $82/sqft · 27% below area Est $199k · 27% under

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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 +27.9/30.0
• ARV discount +15.0/15.0
• DSCR +9.9/10.0
• 1% rule +6.4/10.0
• 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 MLS

This updated two-story brick home offers a freshly painted interior, large bedrooms, and thoughtful updates throughout. The kitchen features a generous bar with butcher-block countertops, perfect for casual dining, meal prep, or working from home. Additional highlights include a main-floor half bath, main-floor laundry, a walk-up basement with exterior access, and a back deck.

Key facts

• Main-floor half bath
• Walk-up basement
• Back deck

Tags

• BUTCHER-BLOCK COUNTERTOPS
• MAIN-FLOOR HALF BATH
• MAIN-FLOOR LAUNDRY
• WALK-UP BASEMENT
• BACK DECK

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $144k.

Deal economics

• At list price, monthly cash flow is $446 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $144k).
• Recommended offer: $131k (9.0% below list) — sets the bar for market timing.
• Cap rate 10.0% 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 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.
• Market conditions: Rents rising fast (+4.9%/yr); 243 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); 294 units permitted in St. Louis city in 2024 (227 in 5+ unit buildings).
• This rent runs 34% of the median local income ($58k/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 $999 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 $40k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 111 days — a 9% lower offer ($131k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 6y 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 1910 — 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 $131,495 (9.0% below list)

Questions for the listing agent

1. It's been on market 111 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1910 — 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: 1.14% ✓
• Cap rate: 10.00%
• Cash-on-cash: 13.24%
• DSCR: 1.59
• GRM: 7.3

CMA / ARV

• ARV (median comp): $198,758
• List price: $144,500
• Delta: -27.30%
• 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
3332 Nebraska Ave	0.24mi	3/2.0	1,732 (-2%)	1mo	$140,000	$81	86
3408 Winnebago St	0.39mi	3/2.5	1,746 (-1%)	1mo	$229,500	$131	78
2845 Chippewa St	0.34mi	3/1.5	1,598 (-9%)	0mo	$205,000	$128	66
3018 Texas Ave	0.72mi	3/2.0	1,734 (-2%)	2mo	$130,000	$75	62
3704 Ohio Ave	0.41mi	3/3.5	1,938 (+10%)	1mo	$249,900	$129	57
2217 Keokuk St	0.70mi	3/2.5	1,840 (+4%)	1mo	$219,000	$119	57
3241 California Ave	0.38mi	4/2.5 (+1)	1,560 (-11%)	1mo	$125,000	$80	55
3002 California	0.70mi	3/2.5	1,851 (+5%)	2mo	$250,000	$135	55
3317 Indiana Ave	0.56mi	2/2.5 (-1)	1,872 (+6%)	1mo	$345,000	$184	55
3000 California Ave	0.70mi	3/2.5	1,872 (+6%)	1mo	$280,000	$150	54
3166 Pennsylvania Ave	0.49mi	3/2.5	1,982 (+13%)	0mo	$227,500	$115	54
3231 Ohio Ave	0.47mi	2/2.0 (-1)	1,510 (-14%)	1mo	$239,900	$159	49

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: 5.1%
• Equity multiple: 1.20×
• Total profit: $8,130
• Equity at exit: $21,545

10-year hold

• IRR: 16.0%
• Equity multiple: 2.41×
• Total profit: $57,010
• Equity at exit: $12,494

Cash invested: $40,460 (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: 243
• Price-to-rent: 7.3×

Monthly cashflow live

• Estimated rent: $1,645 high
• Mortgage (P&I): −$758
• Tax from tax record: −$35 /mo · $423/yr
• Insurance: −$60
• HOA: −$0
• Vacancy / Maint / Mgmt: −$345
• Net cashflow: $446

Break-even live

Break-even rent $1,080

Max offer price $144,500

Occupancy floor 68%

Sensitivity live

Price	-10% $528	-5% $487	+0% $446	+5% $405	+10% $364
Rent	-10% $316	-5% $381	+0% $446	+5% $511	+10% $576
Rate	-1.0pp $519	-0.5pp $483	base $446	+0.5pp $409	+1.0pp $371

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: $36,125
• Closing costs: $4,335
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3540 Michigan Ave Saint Louis, MO	4.0	2.0	1758	$1,800	$1.02	2d	1	0.12mi
3510 California Ave Saint Louis, MO	3.0	2.0	1800	$1,200	$0.67	44d	1	0.20mi
3410 Virginia Ave Unit B St. Louis, MO	2.0	2.0	1442	$1,375	$0.95	17d	1	0.28mi
3429 Ohio Ave Saint Louis, MO	3.0	3.0	1938	$2,250	$1.16	17d	1	0.32mi
3411 Cherokee St St. Louis, MO	4.0	2.0	1568	$1,850	$1.18	44d	1	0.38mi
3215 Oregon Ave Unit 1F St. Louis, MO	2.0	1.0	1373	$1,150	$0.84	18d	1	0.39mi
3131 Keokuk St #3131 Saint Louis, MO	3.0	2.0	1500	$1,475	$0.98	15d	1	0.47mi
3146 Keokuk St Saint Louis, MO	3.0	1.0	1528	$1,500	$0.98	24d	1	0.50mi
3914 Michigan Ave Saint Louis, MO	2.0	1.0	1376	$1,150	$0.84	44d	1	0.51mi
2643 Wyoming St Saint Louis, MO	3.0	2.5	2592	$2,600	$1.00	44d	1	0.54mi
2634 Arsenal St St. Louis, MO	2.0	1.0	1500	$1,400	$0.93	24d	1	0.66mi
2636 Arsenal St St. Louis, MO	2.0	1.0	1500	$1,400	$0.93	24d	1	0.66mi
3458 Giles Ave Saint Louis, MO	3.0	2.5	2204	$2,400	$1.09	8d	1	0.66mi
3009 Pennsylvania Ave Saint Louis, MO	1.0–2.0	1.0–2.0	928	$1,195	$1.29	21d	6	0.70mi
3450 Wisconsin Ave Saint Louis, MO	1.0–3.0	1.0–2.0	1219	$2,300	$1.89	2d	15	0.72mi
3628 Wyoming St Unit 2F St. Louis, MO	4.0	1.0	1700	$1,950	$1.15	44d	1	0.73mi
3526 S Spring Ave Saint Louis, MO	4.0	2.0	2244	$2,877	$1.28	44d	1	0.73mi
4130 Minnesota Ave Saint Louis, MO	2.0	1.0	1234	$975	$0.79	15d	1	0.77mi
4005 S Grand Blvd Saint Louis, MO	4.0	1.0	1323	$1,150	$0.87	17d	1	0.79mi
4135 S Compton Ave Saint Louis, MO	3.0	2.0	2104	$1,600	$0.76	44d	1	0.81mi
4145 S Compton Ave Saint Louis, MO	3.0	2.0	1656	$1,520	$0.92	44d	1	0.83mi
3807 Potomac St Saint Louis, MO	3.0	1.0	2588	$1,300	$0.50	8d	1	0.83mi
3807 Potomac St Saint Louis, MO	3.0	1.0	2588	$1,100	$0.43	44d	1	0.83mi
3319 S 18th St Saint Louis, MO	2.0	1.5	1368	$1,600	$1.17	44d	1	0.90mi
1917 Arsenal St Saint Louis, MO	2.0	1.0	1239	$1,250	$1.01	20d	1	0.93mi
2664 Nebraska Ave Unit 2F Saint Louis, MO	3.0	1.0	1350	$1,150	$0.85	24d	1	0.93mi
3637 Meramec St Saint Louis, MO	3.0	1.5	1632	$1,925	$1.18	18d	1	0.95mi
4250 Michigan Ave Saint Louis, MO	2.0	1.0	2184	$1,200	$0.55	44d	1	0.95mi
2648 California Ave Saint Louis, MO	4.0	2.0	2458	$2,000	$0.81	24d	1	0.96mi
3908 McDonald Ave Saint Louis, MO	3.0	2.0	1927	$2,500	$1.30	5d	1	0.98mi
4217 S Grand Blvd Unit 1 St. Louis, MO	3.0	1.0	1250	$1,400	$1.12	5d	1	0.99mi
4312 Oregon Ave Saint Louis, MO	4.0	2.0	2032	$2,000	$0.98	2d	1	1.01mi
2602 Minnesota Ave Saint Louis, MO	2.0	1.5	1664	$1,950	$1.17	5d	1	1.03mi
4222 S 38th St Unit 4222 St. Louis, MO	3.0	2.0	1836	$1,400	$0.76	21d	1	1.03mi
2327 Texas Ave Apt 205 St. Louis, MO	3.0	2.0	1375	$2,095	$1.52	18d	1	1.15mi
4450 Pennsylvania Ave Saint Louis, MO	3.0	1.0	1500	$1,100	$0.73	5d	1	1.19mi
2267 Indiana Ave Saint Louis, MO	2.0	1.5	1900	$2,195	$1.16	4d	1	1.29mi
2253 Indiana Ave Saint Louis, MO	4.0	3.5	1760	$2,600	$1.48	8d	1	1.31mi
3635 Marceline Ter Unit 2ND St. Louis, MO	3.0	1.0	1250	$1,275	$1.02	44d	1	1.40mi
4657 Idaho Ave Unit 4659 St. Louis, MO	2.0	2.0	1668	$1,295	$0.78	24d	1	1.41mi

Listing history 40 events

1. 2026-06-21
   days on market $144,500 Active 111 DOM
2. 2026-06-18
   days on market $144,500 Active 108 DOM
3. 2026-06-17
   days on market $144,500 Active 107 DOM
4. 2026-06-16
   days on market $144,500 Active 106 DOM
5. 2026-06-15
   days on market $144,500 Active 105 DOM
6. 2026-06-13
   days on market $144,500 Active 103 DOM
7. 2026-06-09
   days on market $144,500 Active 99 DOM
8. 2026-06-08
   days on market $144,500 Active 98 DOM
9. 2026-06-08
   days on market $144,500 Active 97 DOM
10. 2026-06-05
    days on market $144,500 Active 94 DOM
11. 2026-06-03
    days on market $144,500 Active 93 DOM
12. 2026-06-02
    days on market $144,500 Active 92 DOM
13. 2026-06-01
    days on market $144,500 Active 91 DOM
14. 2026-05-31
    days on market $144,500 Active 90 DOM
15. 2026-03-23
    status Active 379-char remark

    Show marketing remark (379 chars)

    This updated two-story brick home offers a freshly painted interior, large bedrooms, and thoughtful updates throughout. The kitchen features a generous bar with butcher-block countertops, perfect for casual dining, meal prep, or working from home. Additional highlights include a main-floor half bath, main-floor laundry, a walk-up basement with exterior access, and a back deck.

16. 2026-02-28
    status Pending 379-char remark

    Show marketing remark (379 chars)

    This updated two-story brick home offers a freshly painted interior, large bedrooms, and thoughtful updates throughout. The kitchen features a generous bar with butcher-block countertops, perfect for casual dining, meal prep, or working from home. Additional highlights include a main-floor half bath, main-floor laundry, a walk-up basement with exterior access, and a back deck.

17. 2026-02-07
    listed $149,500 Active 379-char remark

    Show marketing remark (379 chars)

    This updated two-story brick home offers a freshly painted interior, large bedrooms, and thoughtful updates throughout. The kitchen features a generous bar with butcher-block countertops, perfect for casual dining, meal prep, or working from home. Additional highlights include a main-floor half bath, main-floor laundry, a walk-up basement with exterior access, and a back deck.

18. 2023-12-17
    historical
19. 2023-12-07
    price $164,900
20. 2023-11-03
    price $169,000
21. 2023-10-05
    listed $179,000 Active
22. 2023-06-03
    historical
23. 2023-03-03
    listed $179,000 Active
24. 2022-08-03
    status Pending
25. 2022-07-22
    soldstatus $165,000
26. 2022-07-19
    soldstatus Closed
27. 2022-07-01
    historical Active Under Contract
28. 2022-06-22
    listed $165,000 Active
29. 2022-06-08
    historical $165,000
30. 2020-12-09
    soldstatus $69,999
31. 2020-12-03
    soldstatus Closed
32. 2020-09-12
    status Pending
33. 2020-08-29
    historical Active Under Contract
34. 2020-07-31
    price $74,999
35. 2020-07-31
    status Active
36. 2020-07-12
    status Pending
37. 2020-07-08
    listed $79,999 Active
38. 2011-04-29
    soldstatus $13,000
39. 2008-01-02
    soldstatus $92,000
40. 2007-03-08
    soldstatus $45,000

ⓘ 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: $423 · $35/mo
• Projected year-2 tax: $1,402 · $117/mo
• Expected delta: +$979/yr (+$82/mo · 231.3%)

ⓘ 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: $19,739
• − Mortgage interest: −$8,094
• − Property taxes: −$423
• − Insurance: −$722
• − Repairs & maintenance: −$1,579
• − Management: −$1,579
• − Depreciation: −$4,204
• Taxable income: $3,138
• Est. tax owed @ 24.0%: −$753
• After-tax cash flow: $4,602/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

+232.2% since first listed

26 events — show timeline

• 2026-03-23 Relisted — MARIS as Distributed by MLS Grid
• 2026-02-28 Pending — MARIS as Distributed by MLS Grid
• 2026-02-07 Listed $149,500 MARIS as Distributed by MLS Grid
• 2023-12-17 Delisted — MARIS as Distributed by MLS Grid
• 2023-12-07 Price Changed $164,900 MARIS as Distributed by MLS Grid
• 2023-11-03 Price Changed $169,000 MARIS as Distributed by MLS Grid
• 2023-10-05 Listed $179,000 MARIS as Distributed by MLS Grid
• 2023-06-03 Delisted — MARIS as Distributed by MLS Grid
• 2023-03-03 Listed $179,000 MARIS as Distributed by MLS Grid
• 2022-08-03 Pending — MARIS as Distributed by MLS Grid
• 2022-07-22 Sold (Public Records) $165,000 Public Records
• 2022-07-19 Sold (MLS) — MARIS as Distributed by MLS Grid
• 2022-07-01 Contingent — MARIS as Distributed by MLS Grid
• 2022-06-22 Listed $165,000 MARIS as Distributed by MLS Grid
• 2022-06-08 Coming Soon $165,000 MARIS as Distributed by MLS Grid
• 2020-12-09 Sold (Public Records) $69,999 Public Records
• 2020-12-03 Sold (MLS) — MARIS as Distributed by MLS Grid
• 2020-09-12 Pending — MARIS as Distributed by MLS Grid
• 2020-08-29 Contingent — MARIS as Distributed by MLS Grid
• 2020-07-31 Price Changed $74,999 MARIS as Distributed by MLS Grid
• 2020-07-31 Relisted — MARIS as Distributed by MLS Grid
• 2020-07-12 Pending — MARIS as Distributed by MLS Grid
• 2020-07-08 Listed $79,999 MARIS as Distributed by MLS Grid
• 2011-04-29 Sold (Public Records) $13,000 Public Records
• 2008-01-02 Sold (Public Records) $92,000 Public Records
• 2007-03-08 Sold (Public Records) $45,000 Public Records

Property tax history

+2.3%/yr

Latest (2024): $423 · +4.8% YoY. Source: county tax records.