8433 1st St Saint Louis, MO 63134
Estimated payment $7,323/month
Highlights
- Ranch Style House
- No HOA
- Forced Air Heating and Cooling System
- STEAM Academy at McCluer South-Berkeley High School Rated 10
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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $942
Year Built
- Built in 1953
Home Design
- 816 Sq Ft Home
- Ranch Style House
- Vinyl Siding
Bedrooms and Bathrooms
- 37 Bedrooms
- 12 Bathrooms
Schools
- Berkeley Elementary School
- Berkeley Middle School
- Mccluer South-Berkeley High School
Additional Features
- 10,202 Sq Ft Lot
- Forced Air Heating and Cooling System
Community Details
- No Home Owners Association
- 2 Units
Listing and Financial Details
- Assessor Parcel Number 11J-41-0387
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 | $827 | $12,920 | $1,670 | $11,250 |
| 2024 | $827 | $10,640 | $1,250 | $9,390 |
| 2023 | $817 | $10,640 | $1,250 | $9,390 |
| 2022 | $668 | $7,540 | $1,250 | $6,290 |
| 2021 | $664 | $7,600 | $1,250 | $6,350 |
| 2020 | $520 | $5,440 | $1,350 | $4,090 |
| 2019 | $499 | $5,440 | $1,350 | $4,090 |
| 2018 | $711 | $7,120 | $1,440 | $5,680 |
| 2017 | $707 | $7,120 | $1,440 | $5,680 |
| 2016 | $629 | $6,080 | $1,440 | $4,640 |
| 2015 | $611 | $6,080 | $1,440 | $4,640 |
| 2014 | $876 | $8,820 | $2,660 | $6,160 |
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 | +1400.6% | $1,653 / Sq Ft | |
| 01/24/2025 01/24/25 | Sold | -- | -- | -- | View Prior Sale |
| 12/15/2024 12/15/24 | Pending | -- | -- | -- | |
| 12/07/2024 12/07/24 | For Sale | $89,900 | +180.9% | $110 / Sq Ft | |
| 12/06/2024 12/06/24 | Off Market | -- | -- | -- | |
| 03/27/2023 03/27/23 | Sold | -- | -- | -- | View Prior Sale |
| 03/04/2023 03/04/23 | Pending | -- | -- | -- | |
| 03/02/2023 03/02/23 | For Sale | $32,000 | -- | $39 / 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 | |
| Quit Claim Deed | -- | Liberty Title | |
| Warranty Deed | -- | Investors Title Company | |
| Warranty Deed | -- | Title Experts Llc | |
| Special Warranty Deed | $8,600 | None Available | |
| Warranty Deed | -- | None Available | |
| Trustee Deed | $17,221 | None Available |
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 | $71,040 | New Conventional | |
| Previous Owner | $63,750 | New Conventional |
Source: MARIS MLS
MLS Number: MIS26041366
APN: 11J-41-0387
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All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of MARIS MLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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