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Off market
  • $3,140

    1414 Newhouse Ave, Saint Louis, MO 63107

    2beds
    1,938sqft
    MultiFamily
    Built in 1918
    -- sqft lot
    $-- Zestimate®
    $2/sqft
    $1,421 Estimated rent

    What's special

    Charming Investment Opportunity – Duplex with High ROI Potential Address: 1414 Newhouse, St. Louis, MO 63107 Price: $15,000 Don’t miss this incredible opportunity to own a duplex with excellent income-generating potential! This property features two units, each with 2 bedrooms and 1 bathroom, offering comfortable layouts for tenants. Whether you’re a seasoned investor or just starting your real estate journey, this property is a fantastic addition to your portfolio. Key Features:     •    Income Potential:     •    Estimated rental income of $2,400/month or $28,800 annually from both units.     •    High Net Operating Income (NOI) potential of approximately $20,020/year, even after accounting for expenses.     •    Strong ROI of 133%, based on the affordable purchase price and rental market rates.     •    Rehabilitation Details:     •    Plumbing and electrical systems require complete upgrades. Estimated rehab costs are $22,000 to $24,300, making this property an affordable value-add investment.     •    Customize the finishes to maximize rental appeal or future resale value.     •    Neighborhood Highlights:     •    Located in a growing area of St. Louis with increasing rental demand.     •    Convenient access to local amenities, transportation, and schools.     •    Additional Perks:     •    Potential for owner-occupancy in one unit while renting the other to offset living expenses.     •    Significant tax advantages for rental property owners. This property is perfect for investors looking for a high cash-flow opportunity or buyers willing to put in some work to unlock its full potential. With a low purchase price and strong rental market, this duplex is a hidden gem waiting to shine! Act Now! Schedule your showing today and start building your real estate portfolio. Properties at this price point and income potential don’t last long! Disclaimer: All figures are estimates and subject to buyer verification. Property is being sold as-is.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    • Full bathrooms: 2
    Interior area
    • Total interior livable area: 1,938 sqft

    Property

    Features
    • Exterior features: Brick
    • Has view: Yes
    • View description: Park
    Lot
    • Size: 3,250 sqft
    Details
    • Parcel number: 24100000500

    Construction

    Type & style
    • Home type: MultiFamily
    Materials
    • brick
    • Roof: Asphalt
    Condition
    • Year built: 1918

    Community & neighborhood

    Location
    • Region: Saint Louis
    Services availability