3823 Potomac St Saint Louis, MO 63116
Tower Grove South NeighborhoodEstimated payment $1,954/month
About This Home
Prime investment opportunity!** This spacious 4-family property is located in the highly sought-after Tower Grove South neighborhood, just a short walk from Tower Grove Park, the Botanical Gardens, and the vibrant shops and restaurants along Morganford and Grand. Each unit boasts nearly 900 sq. ft., making it an excellent addition to your rental portfolio or a perfect first investment. Situated for convenience and strong rental potential, this property is sold as-is, with no repairs or inspections by the seller. All four units are currently tenant-occupied—**please do not disturb the tenants**. Notable updates include a **5-year-old roof, well-maintained exterior brickwork, some newer vinyl windows, and stained glass windows**. Building systems vary in age, and the garage is currently used for storage. With proforma/market rents estimated at **~$895 per unit**, this is a rare chance to own a well-located, income-generating property. **Don’t miss out—schedule your showing today!**
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,984
Year Built
- Built in 1925
Lot Details
- 8,015 Sq Ft Lot
Home Design
- Quadruplex
- Brick Exterior Construction
Interior Spaces
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Bathrooms
Schools
- Mann Elem. Elementary School
- Fanning Middle Community Ed.
- Roosevelt High School
Utilities
- Cooling System Mounted To A Wall/Window
- Heating System Uses Natural Gas
- Electricity Not Available
- Natural Gas Connected
- Gas Water Heater
- Sewer Not Available
Listing and Financial Details
- Assessor Parcel Number 4187-00-0530-0
Community Details
Overview
- No Home Owners Association
- 4 Units
Amenities
- Laundry Facilities
Building Details
- 4 Leased Units
- Net Operating Income $23,000
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| 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 | $2,984 | $35,600 | $1,730 | $33,870 |
| 2024 | $2,848 | $33,100 | $1,730 | $31,370 |
| 2023 | $2,848 | $33,100 | $1,730 | $31,370 |
| 2022 | $2,597 | $29,000 | $1,730 | $27,270 |
| 2021 | $2,594 | $29,000 | $1,730 | $27,270 |
| 2020 | $2,373 | $26,530 | $1,730 | $24,800 |
| 2019 | $2,365 | $26,530 | $1,730 | $24,800 |
| 2018 | $2,498 | $28,580 | $3,040 | $25,540 |
| 2017 | $2,459 | $27,190 | $3,040 | $24,150 |
| 2016 | $1,506 | $16,150 | $3,040 | $13,110 |
| 2015 | $1,378 | $16,150 | $3,040 | $13,110 |
| 2014 | $1,298 | $25,180 | $3,040 | $22,140 |
| 2013 | -- | $15,200 | $3,040 | $12,160 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/12/2025 09/12/25 | For Sale | $320,000 | -- | $90 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | -- | |
| Warranty Deed | -- | -- | |
| Trustee Deed | $106,201 | -- | |
| Warranty Deed | -- | Capital Title | |
| Warranty Deed | -- | -- | |
| Corporate Deed | -- | -- | |
| Warranty Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $99,000 | Fannie Mae Freddie Mac | |
| Previous Owner | $108,000 | Seller Take Back | |
| Previous Owner | $114,300 | Purchase Money Mortgage | |
| Previous Owner | $86,940 | Purchase Money Mortgage | |
| Previous Owner | $54,900 | Seller Take Back | |
| Previous Owner | $53,900 | Purchase Money Mortgage |
Source: MARIS MLS
MLS Number: MIS25062435
APN: 4187-00-0530-0
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