USAMOSaint LouisKinloch Park8433 1St St
Listing image | Image 1

8433 1St St, Saint Louis, MO

House

For Sale

Listed price in listed location currency (USD).
$1,349,000

000

MLS® 26041366

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Residential Income
Size 816 sqft
Garage 
Taxes $942
Days Active 0
Lot Size 0.2342 Acres
Approx. Age 1953
Avg. Price Per Sqft $1,653
MLS® Number 26041366

Property Address: 8433 1st St, Saint Louis, MO, 63134-1718

Average square foot calculated using Size range provided by listing agent.

Description

Rare opportunity to acquire a 12-home single-family rental portfolio offered as one package in the St. Louis market. Located throughout Spanish Lake, Ferguson, and Unincorporated North St. Louis County, the properties are positioned within close proximity for efficient management and maintenance. The portfolio features a desirable unit mix of all 3- and 4-bedroom homes, creating strong tenant demand from both Section 8 voucher holders and market-rate renters. Professionally managed and largely renovated/rent-ready, the portfolio offers a strong mix of in-place income with immediate lease-up upside. Current gross rental income is approximately $11, 519/month, with four vacant homes fully rent-ready and actively being leased. Seller anticipates at least two additional homes leased prior to closing, increasing in-place income to approximately $14, 100/month. Fully stabilized pro-forma gross rental income is projected at approximately $16, 700/month, with estimated annual operating expenses of approximately $53, 000 and projected stabilized NOI of approximately $147, 000/year. At the $1, 350, 000 asking price, the portfolio offers a projected stabilized cap rate approaching 10.9%. An excellent opportunity for investors seeking immediate scale, efficient scattered-site operations, dependable rental demand, and value-add upside through lease-up of rent-ready homes.
MLS® Number26041366
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1953
Basement
Driveway
Garage Spaces
HeatForced Air
A/CCentral Air

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jul 3, 2026List Date
$1,349,000List Price
  • Commute

Commute

Starting Address
Destination Address
8433 1St St, Saint Louis, MO

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