4234 Dewey Ave

The renovation is done. The upside is yours. This Dutchtown 4-plex was fully renovated in 2024–2025 — new kitchens, updated bathrooms, fresh paint, and plumbing and electrical systems replaced across all four units. One is occupied and producing income. The three vacant units are move-in ready. No capital expenditure needed to stabilize — just lease-up.

At $875/month per unit — the market rate confirmed by Landfair Corporation's rent schedule using three comparable 4-plexes within 1.14 miles, and consistent with current Zillow Rentals data for Dutchtown (zip 63116) — a fully stabilized building generates $3,500/month. That is a 12.5% gross yield and 11.1% net yield after taxes and insurance on a $335K entry point.

Appreciation and scale. Dutchtown is the 4th most populated neighborhood in St. Louis City, adjacent to the metro's largest county — a stable, working-class rental corridor with consistent demand. Average marketing time under 48 days per MLS data. Six total doors in the portfolio, with this asset providing the largest income multiplier at stabilization. The path from current to stabilized is lease-up, not renovation.