1226 Baron Ave Saint Louis, MO 63138
Spanish Lake AreaEstimated payment $733/month
Highlights
- Ranch Style House
- Forced Air Heating and Cooling System
- Level Lot
- 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.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,944
Year Built
- Built in 1959
Lot Details
- 6,033 Sq Ft Lot
- Level Lot
Home Design
- Ranch Style House
- Vinyl Siding
Interior Spaces
- 864 Sq Ft Home
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 3 Bedrooms
- 1 Full Bathroom
Schools
- Larimore Elem. Elementary School
- Southeast Middle School
- Hazelwood East High School
Utilities
- Forced Air Heating and Cooling System
- Natural Gas Connected
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 09E-62-0295
Map
Home Values in the Area
Average Home Value in this Area
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 | $1,567 | $21,610 | $2,720 | $18,890 |
| 2024 | $1,567 | $16,420 | $3,100 | $13,320 |
| 2023 | $1,567 | $16,420 | $3,100 | $13,320 |
| 2022 | $1,183 | $11,080 | $1,560 | $9,520 |
| 2021 | $1,166 | $11,080 | $1,560 | $9,520 |
| 2020 | $1,137 | $10,030 | $1,180 | $8,850 |
| 2019 | $1,090 | $10,030 | $1,180 | $8,850 |
| 2018 | $894 | $7,530 | $820 | $6,710 |
| 2017 | $891 | $7,530 | $820 | $6,710 |
| 2016 | $470 | $3,800 | $1,960 | $1,840 |
| 2015 | $460 | $3,800 | $1,960 | $1,840 |
| 2014 | -- | $3,330 | $1,540 | $1,790 |
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 | $105,000 | +16.8% | $122 / Sq Ft | |
| 09/18/2025 09/18/25 | Sold | -- | -- | -- | View Prior Sale |
| 08/19/2025 08/19/25 | Pending | -- | -- | -- | |
| 08/01/2025 08/01/25 | For Sale | $89,900 | +45.0% | $104 / Sq Ft | |
| 08/15/2018 08/15/18 | Sold | -- | -- | -- | View Prior Sale |
| 07/19/2018 07/19/18 | Pending | -- | -- | -- | |
| 07/16/2018 07/16/18 | For Sale | $62,000 | -- | $72 / Sq Ft |
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 |
|---|---|---|---|
| Warranty Deed | -- | Freedom Title | |
| Warranty Deed | -- | Title Partners Agency Llc | |
| Special Warranty Deed | $17,500 | Ctc | |
| Trustee Deed | $90,881 | None Available | |
| Warranty Deed | $85,000 | None Available | |
| Warranty Deed | $60,150 | -- |
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 | $75,200 | Credit Line Revolving | |
| Previous Owner | $85,000 | New Conventional |
Source: MARIS MLS
MLS Number: MIS26041453
APN: 09E-62-0295
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Listings courtesy of MARIS MLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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