$1,349,000

Estimated payment $7,328/month

Total Views 44
37 Beds
12 Baths
770 Sq Ft
$1,752 Price per Sq Ft

Highlights

  • Ranch Style House
  • Forced Air Heating and Cooling System
  • 5-minute walk to Castlepoint County Park
  • No HOA

About This Home

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.

Listing Agent

Matt Guignon

Invest St. Louis License #2018041115 Listed on: 07/03/2026

Co-Listing Agent

Joseph Schenck

Invest St. Louis License #2025043112

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,007

Year Built

  • Built in 1955

Home Design

  • Ranch Style House
  • Vinyl Siding

Interior Spaces

  • 770 Sq Ft Home
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 37 Bedrooms
  • 12 Bathrooms

Schools

  • Lewis And Clark Elem. Elementary School
  • Westview Middle School
  • Riverview Gardens Sr. High School

Additional Features

  • 6,499 Sq Ft Lot
  • Forced Air Heating and Cooling System

Community Details

  • No Home Owners Association
  • 12 Buildings
  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 10F-23-0374

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,007

Year Built

Built in 1955

Lot Details

6,499 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Year Built: 1955
  • Directions: GPS
  • Property Sub-Type: 5 Family or More
  • Lot Size Acres: 0.1492
  • Co List Office Mls Id: MISINVS01
  • Co List Office Phone: 314-325-6201
  • Co List Office Phone: 314-325-6201
  • MLS Status: Active
  • Subdivision Name: Castle Point Unit 2
  • Above Grade Finished Sq Ft: 770
  • Architectural Style: Ranch
  • Carport Y N: No
  • New Construction: No
  • Reso Structure Type: House
  • MIS_UnitCount: 2
  • MIS_AuctionYN: 0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bedrooms: 37
  • Fireplace: No

Exterior Features

  • Disclosures: None
  • Construction Type: Vinyl Siding

Utilities

  • Cooling: Central Air
  • Heating: Forced Air

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Elementary School: Lewis and Clark Elem.
  • Junior High Dist: Riverview Gardens
  • High School: Riverview Gardens Sr. High
  • Middle Or Junior School: Westview Middle

Lot Info

  • Lot Size Sq Ft: 6499.15
  • Parcel Number: 10F-23-0374

Tax Info

  • Tax Year: 2025
  • Tax Annual Amount: 1007

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $979 $10,390 $400 $9,990
2024 $979 $9,080 $1,180 $7,900
2023 $979 $9,080 $1,180 $7,900
2022 $822 $6,120 $1,560 $4,560
2021 $819 $6,120 $1,560 $4,560
2020 $436 $3,520 $1,200 $2,320
2019 $430 $3,520 $1,200 $2,320
2018 $508 $4,000 $860 $3,140
2017 $602 $4,830 $860 $3,970
2016 $614 $4,980 $860 $4,120
2015 $591 $4,980 $860 $4,120
2014 $523 $4,390 $670 $3,720
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/03/2026 07/03/26 For Sale $1,349,000 0.0% $1,752 / Sq Ft
06/27/2026 06/27/26 For Rent $1,299 0.0% --
08/23/2024 08/23/24 Pending -- -- --
08/22/2024 08/22/24 Sold -- -- -- View Prior Sale
07/08/2024 07/08/24 For Sale $66,000 0.0% $86 / Sq Ft
02/07/2020 02/07/20 Rented $750 0.0% --
01/16/2020 01/16/20 For Rent $750 -- --
Source: MARIS MLS

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Quit Claim Deed -- None Listed On Document
Warranty Deed -- Freedom Title
Deed -- Freedom Title
Warranty Deed $52,000 Servicelink Ttl Co Default T
Quit Claim Deed -- Kts Misc
Special Warranty Deed $16,500 Clt
Special Warranty Deed -- None Available
Trustee Deed $40,419 None Available
Warranty Deed -- --
Warranty Deed -- --
Trustee Deed $23,405 First American Title Ins Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Open $52,800 New Conventional
Previous Owner $39,877 FHA
Closed -- No Value Available
Source: Public Records

Source: MARIS MLS

MLS Number: MIS26041348

MARIS MLS

APN: 10F-23-0374

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